The Global Specialty Polyamides Market is estimated to reach USD 4 billion by 2029end and is expected to register a CAGR of 5.8% during the forecast period 2019 to 2029.
Global Specialty Polyamides Market Introduction
Polyamides consist of a variety of polymers that comprise of repeating units that are linked together with the help of amide linkages. These polymers possess superior properties like high strength, dimensional stability and rigidity along with relatively superior thermal and chemical properties. Specialty polyamides are prominently used in automotive and electronic applications as an alternative to materials that are harmful to the environment.
Global Specialty Polyamides Market Overview
Depending on the type of polymer, the market is fragmented into long-chain, high-temperature and mxd6/para segments. Based on the application, the market is bifurcated into automotive, electrical & electronics and retail. The retail segment has the potential to showcase significant market growth owing to the usage of polyamides for making sports goods like shoe soles, jerseys, etc.
Global Specialty Polyamides Market Regional Insight
The market is regionally fragmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. European region is anticipated to experience a steady market growth over the forecast period. Companies like Evonik AG are leading in the polyamides market by integrating 3D printing technology for manufacturing nylon-based products. Additionally, the automotive industry has a strong presence in the region and companies are attempting to reduce fuel emissions by deploying lightweight materials which shall surely assist in the growth of the market significantly.
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Global Specialty Polyamides Market Segmentation
1. By Region
Middle East & Africa
2. By Type
3. By Application
Electrical & Electronics
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Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
Key Market Players:
Evonik Industries AG
Asahi Kasei Corp.
FutureWise Key Takeaways:
Key data-points affecting market growth
Objectives of the Study:
To provide with an exhaustive analysis on the specialty polyamides market by region, by type, by application
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— Asia Pacific, Europe, North America, Latin America and Middle East & Africa
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
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