Showing posts with label Global Polyamide Industry Outlook. Show all posts
Showing posts with label Global Polyamide Industry Outlook. Show all posts

Monday, October 17, 2022

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Global Players that Constitute just ~5% of the Competitors Hold ~30% of Market Share Despite the Presence of about 400 Competitors, finds a recent market study on Global Polyamide Market by Ken Research

Polyamide is found both naturally (silk and wool) as well as through synthetic sources like aramid, polyamide 6, and more. It is being increasingly adopted due to artificial polyamide’s characteristics like strong mechanical qualities, wear resistance, chemical resistance, and low gas permeability along with natural polyamide’s eco-friendly nature.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Country Niche Players Constitute ~60% of the Competitors Followed by Regional Players with ~35% by Type

A comprehensive competitive analysis conducted during the Research Study found that the Global Polyamide Market is highly competitive with ~400 players which include globally diversified players, regional players, as well as a large number of country-niche players who have their niche in polyamide for multiple industries. The global players comprise ~5% of the competition and hold ~30% of the market revenue share.

Global Polyamide IndustryRequest For Sample Report @https://bit.ly/3D2uQBI

2. Competitors in the Market are Adopting Various Expansion Strategies Such as Mergers & Acquisitions and Product Development

With numerous global corporations and small producers conducting their operations through a variety of products and a vast distribution network, the market is considerably competitive by nature. From product manufacturing to final product distribution to multiple places, the enterprises in the sector have a high degree of integration.

To strengthen their positions in the market, well-known businesses that operate employ the acquisition route.

For instance, Laird Performance Materials was purchased by DuPont in July 2021. Through this acquisition, DuPont is able to better position itself in the market by integrating Laird Performance Materials into its Electronics & Industrial Interconnect Solutions (ICS) division.

Companies also use various tactics to increase their yearly sales, such as mergers, expansion, and new product releases.

Global Polyamide Industry3. Increased Adoption of Polyamide in Various Parts of the World leading to Major Industry-Wide Developments, Acquisitions, and Deal-Wins

  • In March 2022, LANXESS provided its clients with processors of its Durethan polyamides and Pocan polyesters (PBT) certified figures for the carbon footprint of the base resins. The glass fibers produced by LANXESS in Antwerp as well as the polyamide 6 precursor caprolactam were both certified by an authorized verification agency.
  • In February 2020, Clariant joined hands with Lavergne to manufacture halogen-free flame-retardant compounds for electronic products. Clariant's Exolit OP halogen-free flame-retardant polyamide and recycled plastic are combined to create the compound. With this development, the company will be able to develop new applications for plastics.

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Key Topics Covered in the Report

  • Snapshot of Global Polyamide Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Polyamide Market
  • Historic Growth of the Overall Global Polyamide Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Polyamide Market
  • Overview, Product Offerings, and SWOT Analysis of Key Competitors
  • COVID-19 Impact on the Overall Global Polyamide Market
  • Future Market Forecast and Growth Rates of the Total Global Polyamide Market and by Segments
  • Market Size of Product / Application Segments with Historical CAGR and Future Forecasts
  • Analysis of the Polyamide Market in Major Regions
  • Major Production / Consumption Hubs in the Major Regions
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Regions

Major Players Profiled in the Report

  • Honeywell International Inc.
  • BASF SE
  • Evonik Industries AG
  • DuPont de Nemours Inc.
  • Teijin Limited
  • LANXESS AG
  • Invista
  • Solvay SA
  • Koninklijke DSM NV
  • Domo Chemicals GmbH
  • Mitsubishi Chemical Holdings

Emerging Companies Mentioned in the Report

  • Toray Industries, Inc.
  • Premier Chemical Industries
  • Ter Chemicals Distribution Group
  • Norelem
  • Viscofan Group

For More Information on the Research Report, refer to below links: –

Global Polyamide Market: Ken Research

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Ken Research

Ankur Gupta, Head Marketing & Communications

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+91-9015378249

3 Key Insights on US$ 50 Bn Opportunity in Global Polyamide Market: Ken Research

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Driven by the Rising Adoption of Polyamide in Automotive, Electronics, and Electrical Industries, the Global Market is Forecasted to reach ~US$50 Bn by 2028 says Ken Research Study.

Polyamide is found both naturally (silk and wool) as well as through synthetic sources like aramid, polyamide 6, and more. It is being increasingly adopted due to artificial polyamide’s characteristics like strong mechanical qualities, wear resistance, chemical resistance, and low gas permeability along with natural polyamide’s eco-friendly nature.

Polyamide as a substitute for metals is being increasingly demanded, to reduce weight is boosting the demand for polyamide in various end-user industries like electronics and electrical, automotive, consumer goods and appliances, and various other sectors.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Distinct Characteristics of Polyamides are Key Reasons for Their Adoption in Various Industries

According to Research estimates, the Global Polyamide Market – which was valued at ~US$ 25 Bn in 2017, is estimated to reach ~US$ 35 Bn by 2022 – is further expected to grow to ~US$ 50 Bn opportunity by 2028.

Manufacturers and engineers frequently require a material that is more pliable and lightweight than metal while still offering protection and durability making polyamide a preferred option. It is widely used in a variety of industries and product manufacturers because of its convenience, dependability, and affordability.

Types of polyamides include Polyamide 6, Polyamide 66, and Bio-based Polyamide and find application in industries including engineering, plastics, textiles, electronics & electrical, sports equipment, automotive, and consumer goods & appliances.


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2. Growing Demand for Components with High Compactness Qualities to Propel the Market for Polyamides

The demand for polyamides in the electrical and electronics industries is anticipated to rise as size concerns become more prevalent due to polyamides like plastics' compactness and ease of integration with other components. As a result, manufacturers are creating smarter, thinner-walled tiny circuit breakers (MCBs), which facilitate the design process.

According to British Plastic Federation, plastics are employed in a variety of applications where their insulating qualities are required since it does not conduct electricity. Electric wiring is frequently insulated with PVC, and light fixtures, switches, and grips are typically made of thermosets, which can tolerate high temperatures. Also, given that they shield the user from the possibility of electric shock, plastics are particularly well suited for the housings of products like electric razors, hairdryers, and food mixers. Therefore, polyamide adoption is a trend in the electrical and electronics industries.

The below chart depicts the tensile strengths of PA6 and PA66 polyamides that are widely used in electronics and electrical devices. Although both polyamides have their own specific applications, PA6, has higher tensile strength than PA66, and is most preferred in electronic devices.


3.
Hurdles from Substitute Products to Pose Limitations in Growth of the Market

The growth rate of the Global Polyamide Market is experiencing hurdles due to growing competition from replacement products like polypropylene and polyvinylidene fluoride (PVDF) which is a non-reactive thermoplastic with few superior properties in comparison to polyamides.

For example, the water permeability quality of PVDF makes it the preferred choice. It absorbs significantly less percentage of water as compared to polyamides like 6 and 66. This makes polypropylene ideal for total immersion applications when the material of the basket beneath needs to be shielded from exposure to various chemicals.

Polyvinyl fluoride (PVF) is being adopted in various different industries and production processes. It is regarded as a distinctive polymer or special plastic. Due to its qualities and performance, such as outdoor durability, stain resistance, high stability, and adhesion, it is consequently a significant type of polymer.


Request For Sample Report @https://bit.ly/3D2uQBI

Key Topics Covered in the Report

  • Snapshot of Global Polyamide Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Polyamide Market
  • Historic Growth of the Overall Global Polyamide Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Polyamide Market
  • Overview, Product Offerings, and SWOT Analysis of Key Competitors
  • COVID-19 Impact on the Overall Global Polyamide Market
  • Future Market Forecast and Growth Rates of the Total Global Polyamide Market and by Segments
  • Market Size of Product / Application Segments with Historical CAGR and Future Forecasts
  • Analysis of the Polyamide Market in Major Regions
  • Major Production / Consumption Hubs in the Major Regions
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Regions

Major Players Profiled in the Report

  • Honeywell International Inc.
  • BASF SE
  • Evonik Industries AG
  • DuPont de Nemours Inc.
  • Teijin Limited
  • LANXESS AG
  • Invista
  • Solvay SA
  • Koninklijke DSM NV
  • Domo Chemicals GmbH
  • Mitsubishi Chemical Holdings

Emerging Companies Mentioned in the Report

  • Toray Industries, Inc.
  • Premier Chemical Industries
  • Ter Chemicals Distribution Group
  • Norelem
  • Viscofan Group

For More Information on the Research Report, refer to below links: –

Global Polyamide Market: Ken Research

Follow Us

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249