The global specialtypolyamides market is expected to
reach USD 3.28 billion by 2024, according to a new report by Grand View
Research, Inc. Rising utilization of eco-friendly nylon materials that offers
high efficiency and protection to extend product durability is projected to
boost market demand over the forecast period.
Growing environmental concern shave led to
rise in interest to develop polyamides using renewable feedstock in recent
times. Green benefits are not the only reasons for wide acceptance of specialty
polyamides. In fact, it is claimed these polyamides can offer better
performance than the conventionally made engineering thermoplastics.
Growing disposable income, high demand for
low fuel combustion vehicles and strict implementation of regulations by the
governing bodies such as EPA has led to increasing demand for these products.
Companies such as Evonik Industries AG, BASF SE, Arkema SA, and E. I. du Pont
de Nemours and Company have adopted expansion strategies to increase their
presence in the market. Most of the companies have been heavily investing in
R&D amenities to discover advanced and innovative special engineering
nylons that are eco-friendly and easy to use, with less utilization of
expensive & harmful raw materials.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/specialty-polyamides-market
Further key findings from the report suggest:
·
The global specialty polyamides market
demand was 527.9 kilo tons in 2015 and is expected to exceed 840 kilo tons by
2024, growing at a CAGR of 5.6% from 2016 to 2024
·
Automotive & transportation emerged as
the leading application segment with demand share exceeding 35% in 2015.
Increasing demand for light weight vehicles on account of existing and proposed
stringent governmental regulations regarding automotive pollution along with
growing need for fuel-efficient vehicles is expected to drive this segment over
the forecast period
·
Electronics & semiconductors are
expected to witness brisk growth over the forecast period. Increasing
utilization of electronic components made up of these polyamides for electronic
equipment, as well as for trays and conveyer systems used in the manufacture of
semiconductor chips is anticipated to benefit the overall industry consumption
·
Asia Pacific was the leading regional
market and accounted for over 40% of global demand in 2015. The region is also
expected to witness the highest growth of 6.1% on account of the growing demand
for automobile components and electronics & other electrical products in
China, Taiwan, and Japan
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has segmented the
specialty polyamides market on the basis of applicationand region:
Global Application Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2014 - 2024)
·
Automotive & transportation
·
Electrical & electronics
·
Consumer goods & retail
·
Energy
·
Industrial coatings
·
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2024)
·
North America
o U.S.
·
Europe
o Germany
o France
o Netherlands
o Italy
o Poland
o Spain
·
Asia Pacific
o China
o Hong Kong
o Japan
o Taiwan
o Thailand
o Korea
·
Central & South America
·
Middle East & Africa
View press release of this research
report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-specialty-polyamides-marketAbout Grand View Research
Grand View Research, Inc. is a 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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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