San Francisco, 19
September 2018: The global specialty polyamides 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.
Access Research Report
of Specialty Polyamides
Market @ 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 at: 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
Access Press Release of
Specialty Polyamides Market@ www.grandviewresearch.com/press-release/global-specialty-polyamides-market
About
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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