3-Aug-2019: The global specialty
polyamides market size is estimated to reach USD 3.54
billion by 2025, according to a new study by Grand View Research, Inc.,
progressing at a CAGR of 6.0% during the forecast period. Rising concerns
regarding automotive fuel efficiency and favorable government regulations
regarding the use of polyamides in the automotive, textile, and consumer goods
industries are expected to drive the global market over the forecast period.
With increasing
focus on green technologies and sustainability, the use of specialty polyamide
in the automotive industry is likely to increase over the forecast period.
Globalization, coupled with an increase in disposable income of consumer, is
poised to propel the global automotive market, which is further expected to
augment specialty polyamides market.
Specialty
polyamides find various applications in automotive & transportation,
industrial, and electrical & electronics sectors in North America owing to
its superior qualities such as high thermal stability, good chemical
resistance, low flammability, and enhanced mechanical properties.
The automotive
& transportation industry accounted for the highest demand in 2017.
Specialty polyamides are being used in diverse applications in automobile
manufacturing, including automobile interiors, undercarriages, and under the
hood, as replacements for petroleum-based plastics.
Flourishing the commercial aviation sector is also contributing towards market growth.
Globalization has increased the number of passengers availing aviation
services. An increase in the number of travelers has boosted the commercial
aviation market, which, in turn, has positively influenced the growth of the
specialty polyamides market.
In
depth research report on Specialty Polyamides Market
Further key findings from the report suggest:
·
In terms of revenue, Asia Pacific dominated the overall
specialty polyamides market in 2017. It is projected to expand at a CAGR of
6.7% over the forecast period. Increasing demand from various application
segments in the region, particularly in China and India, is anticipated to
augment the market
·
The long-chain segment was the largest product segment in the
market in 2017. It is also estimated to dominate the market through 2025
·
The electric & electronics segment is expected to expand
at the highest CAGR of 6.7% in terms of value over the forecast period on an account of increasing demand for display technologies, home electronics, mobile
electronics, smart devices, electrical components, and household products
·
North America is likely to rise at a CAGR of 6.0% in terms of
revenue over the forecast period owing to increasing product demand from
automotive and electronics industries.
Grand View Research
has segmented the global specialty polyamides market on the basis of product,
application and region:
Specialty Polyamides Product Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
Long Chain Specialty Polyamide
·
PA 12
·
PA 11
·
PA 6/10
·
PA 6/12
·
PA 4/10
·
PA 10/10
·
PA 10/12
·
High-Temperature Specialty Polyamide
·
PA 46
·
PA 4T
·
PA 6T/6
·
PA 6T/66
·
PA 6T/6I
·
PA 6T/6I/66
·
PA 6T/DT
·
PA 6T/66/DT
·
PA 9T
·
PA 10T
·
MXD6/PARA
Specialty Polyamides Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
Automotive & Transportation
·
Electrical & Electronics
·
Consumer Goods & Retail
·
Energy
·
Industrial Coatings
·
Others
Browse
more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is the U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
No comments:
Post a Comment