The latest market evaluation report on the POLYAMIDE market explores how the POLYAMIDE market will continue to expand for the forecast period 2019 - 2030. The study further serves as a unique research for stakeholders, product owners, and field marketing executives looking for actionable data and unique resource on market size, share, and growth.
New York, NY -- (SBWIRE) -- 05/07/2019 -- Polyamide (PA) commonly known as nylon is a polymer substance made-up of multiple and long molecules in which the units are linked by amide groups. It is one of the largest engineering thermoplastic material (ETP). Polyamide is used in various application segments, such as automobile, electronic, packaging, consumer goods, and films among others. Growth of polyamide market is mainly driven by, rise in demand from automobile industry, electronics and packaging applications segment. It is majorly used in these three applications. These three applications are likely to grow at a healthy rate. Eventually, polyamide will also have a promising future. Furthermore, shift in trend towards the production of bio-based polyamide and growing R&D initiative in the field is projected to offer immense opportunities for the market players. However, stringent government guidelines are likely to act as barrier in growth of the market in Europe and North America regions. Rising production of bio-based polyamide is projected to off-set this challenge.
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Prominent Players In This Market are:
Royal DSM N.V., Solvay SA, Arkema SA H, Lanxess AG and Asahi Kasei Corporation.
By type, the market is segregated as polyamide 6, polyamide 66 and bio-based & specialty polyamide. The bio-based & specialty polyamide is further sub-segmented as polyamide 11, polyamide 12, polyamide 46, polyamide 6/10, polyamide 6/12, Ppa (Polyphthalamide) and others. In 2018, polyamide 6 accounted for the largest share of the overall market. The growth of polyamide 6 market is driven by rising demand from automobile, electronics and food applications. Moreover, bio-based & specialty polyamide segment is anticipated to be the fastest growing segment during the forecast period. Supportive government regulations, rise in health awareness and fluctuating prices of raw materials are factors spurring the market growth for this segment.
By application the market is segregated as engineering plastics and fiber. Engineering plastics is further sub-segmented into automotive, industrial/machinery, electrical & electronics, consumer goods & appliances, packaging/film and others. Fiber is further sub-segmented into textile, industrial, carpet and staple. In 2018, engineering plastics segment dominated the market. Engineering plastics are majorly used in automobiles, electrical & electronics, consumer goods and packaging/film applications. As these end use industries is witnessing growth. The demand for engineering plastics will in turn witness high growth in coming years.
By region, Asia Pacific accounted for the largest share of the market in 2018 and projected to retain its position over the forecast period. This growth is driven by rising demand for polyamide from varied applications. China is the major contributor towards the growth of Asia Pacific polyamide market. North America is projected to witness healthy growth over the forecast period of 2019-2030. The market is projected to witness growth owing to rise in demand for polyamide from automobiles and electronics applications.
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R&D in the field of bio-based polyamide production is the major strategy adopted by the market players. Similarly, manufacturers are investing heavily in these R&D activities. Honeywell International Inc., Formosa Group, Du Pont de Nemours and Company, BASF SE, and Li Peng Enterprise Co. are some of the leading players present in this market.
Table of Contents
1.1. Market Definition
1.2. Market Ecosystem
1.2.1. Market Classification
1.2.2. Geographic Scope
1.2.3. Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
1.3. Currency Used for the Study
2. RESEARCH METHODOLOGY
2.1. Research Framework
2.2. Data Collection Technique
2.3. Data Sources
2.3.1. Secondary Sources
2.3.2. Primary Sources
2.4. Market Estimation Methodology
2.4.1. Bottoms Up Approach
2.4.2. Top Down Approach
2.5. Data Validation and Triangulation
2.5.1. Market Forecasting Model
2.5.2. Assumptions/Limitations of the Study
3. ABSTRACT OF THE STUDY
4. MARKET DYNAMICS ASSESMENT
5. UNIQUE SELLING PROPOSITIONS (USPs)
5.1. Import & Export Analysis
5.2. Pricing Assessment
5.3. Winning Imperatives (Top Success Factors Assessment)
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