What is Polyamide Market?
Polyamide is a polymer, containing repeating units that are linked by amide bonds. Polyamides occur both naturally as well as artificially. Enabled with versatile properties, it has high demand in various end user segments including textile, automotive, electronics, machinery, packaging as well as coatings, among many others. It occur naturally in form of silk, wool, among others as well as can also be synthesized artificially. Artificially made polyamides are Nylon, polyamide 6 and aramid, among many others. Artificial polyamides display properties like good mechanical properties, resistance to wear, low permeability to gases as well as chemical resistance. Nowadays, Bio-based polyamides are highly used in due to its eco- friendly nature.
The market study is being classified by Type (Polyamide 6, PA 66 and Bio-Based & Specialty Polyamide (Polyamide 11, Polyamide 12, Polyamide 46, Polyamide 6/10, Polyamide 6/12, Ppa (Polyphthalamide), and Other Specialty Polyamides)), by Application (Engineering Plastics (Automotive, Industrial/Machinery, Electrical & Electronics, Consumer Goods & Appliances, Packaging/Film, and Wire & Cable) and Fiber (Textiles, Industrial, Carpet, and Staple)) and major geographies with country level break-up.
BASF SE (Germany), Lanxess Aktiengesellschaft (Germany), Royal DSM (Netherlands), E. I. du Pont de Nemours and Company (United States), Ascend Performance Materials Operations LLC (United States), EMS-CHEMIE HOLDING AG (Switzerland), Arkema SA (France), Evonik Industries AG (Germany), Asahi Kasei Corporation (Japan) and Radici Group (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Jiangsu Hua Yang nylon Co., Ltd. (China), Invista Sarl (United States) and Li Peng Enterprise Co. ltd. (Taiwan).
In January 2019, BASF SE has announced that, following the approval of all relevant authorities, BASF & Solenis have finished the transfer of BASF’s paper wet-end & water chemicals business to Solenis that was as announced in May 2018. Effective February 1, 2019, the combined business will operate under the Solenis name & offer increased sales, service as well as production capabilities around the world. BASF SE will hold a 49% share, 51% of the shares will be held by funds managed by Clayton, Dubilier & Rice and the Solenis management. Research Analyst at AMA predicts that Japanese, German, and United States Vendors will contribute to the maximum growth of Global Polyamide market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Polyamide market by Type, Application and Region.
On the basis of application, Engineering Plastics segment is dominating the market in the year 2019
On the basis of geography, the market of Polyamide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2019. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Use in Vehicles for Weight Reduction
- Rising Electrical & Electronics Applications
Market Trend
- Rising demand of bio-polyamides
Restraints
- Availability of alternatives, such as reinforced polypropylene in the market
Opportunities
- Investments as well as R&D in Bio-Based & Specialty Polyamides
- Growing opportunities from emerging economies
Challenges
- Cost sensitiveness of automotive industry
Key Target Audience
Polyamide Manufacturers, Polyamide Traders, Suppliers, and Distributors, Government and Research Organizations, Material R&D Companies, Associations and Industrial Bodies, End Users and Others
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