Showing posts with label Global Polyamide Market. Show all posts
Showing posts with label Global Polyamide Market. Show all posts

Tuesday, February 28, 2023

Global Polyamide market revenue to reach US$ 50 Bn by 2028: Ken Research

 Global Polyamide Market By Geography

The Global Polyamide market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

The Asia Pacific accounted for the largest market share in 2022 within the total Global Polyamide Market.

The automotive sector has rapidly expanded in recent years, particularly in the Asia Pacific region. The sector has grown as a result of changing socioeconomic patterns.

Major corporations are moving their developed bases to nations like India, China, and Indonesia due to the availability of cheap labor, beneficial regulations, and government efforts to give attractive FDI legislation.

Global Polyamide market Forecast

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Competition Scenario In Global Polyamide Market

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.

Country niche players constitute 60% of the competitors, followed by regional players with 35% of the market presence. Some of the major players in the market include Honeywell International Inc., BASF SE, Evonik Industries AG, DuPont de Nemours Inc., Teijin Limited, LANXESS AG, Invista, Formosa Plastics Group, Koninklijke DSM NV, Domo Chemicals GmbH, Mitsubishi Chemical Holdings, and others.

What Is The Expected Future Outlook For The Overall Global Polyamide Market Across The Globe?

The Global Polyamide market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Polyamide market is driven by increase in demand from the construction and coating industries, growing demand from other end-use industries, and the waterproof characteristics of polyamide. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing acquisition and investments, the Global Polyamide market is changing rapidly. For instance, In October 2022, Evonik Industries AG expanded its sustainable elastomer line with the launch of a new polyamide 12 (PEBA) elastomer made 50% from recycled tires. Vestamid eCO E40 substitutes 50% of its fossil source ingredients with "materials produced via chemical recycling of old tires."

In January 2022, Domo Chemicals, a polyamide industry supplier, expanded the market presence of its TECHNYL branded products and has made the products available to its customers globally. Major applications being served by the brand includes light engineering solutions, high thermal and chemical resistance, flame retardant materials for advanced electrical protection, and high aesthetic materials with add-on solutions for friction & extrusion and wear resistance. Customers globally.

In November 2021, BASF launched a research and development facility at Korea’s Engineering Plastics Innovation Center, Ansan. In addition to other new abilities and a Consumer Electronics Competency Center, the new building contains the combined R&D team and competencies from its recent acquisition of Solvay's polyamide business.

The Global Polyamide Market is forecasted to continue a positive growth during the forecast period. One of the main trends driving market expansion is the high adoption rate of polyamide in various industries due to its properties like strong mechanical qualities, wear resistance, chemical resistance, and low gas permeability along with natural polyamide’s eco-friendly nature. The market is highly competitive with ~400 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

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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

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

support@kenresearch.com

+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.


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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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LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Tuesday, November 30, 2021

Global Polyamide Market Industry Trends, Analysis, Share, Market Size, Application Analysis, Growth Rate And Forecast 2021-2027

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The polyamides are found naturally in silk and wool, as well as synthetically in polyamide 6, nylon and aramid, amongst other materials. Wear resistance, robust mechanical qualities, lower gas permeability, and chemical resistance are the characteristics of the artificial polyamides. In addition, the polyamide denotes to a polymer with the versatile characteristics that occurs naturally in the form of silk and wool. The product is synthesized artificially and it is broadly utilized in countless industries likewise textile, automotive, packaging, machinery, electronics and coatings.

According to the report analysis, ‘Global Polyamide 66 Market, 2021-2027states that Asahi Kasei Corporation, BASF SE, Celanese Corporation and many more are the foremost entities which recently functioning in the global polyamide 66 market more proficiently for leading the highest market growth, registering the great value of market share, obtaining the competitive edge, keep maintaining the governing position, ruling around the globe, and generating the highest market growth by spreading the awareness connected to the benefits and features of polyamide 66, establishing the countless research and development programs, increasing the benefits and advantages of polyamide 66, improving the qualitative and quantitative measures of such, implementing the policies and strategies of enlargement and profit making, delivering the better consumer satisfaction, decreasing the associated prices of such and analysing the strategies and policies of government as well as similar entities.

By applications, the ‘Global Polyamide 66 Market is segmented into engineering resins and fibers. In addition, the augmented requirement for lightweight automobiles influences the growth of polyamide 66 market. Augmented passenger car sales, specifically in underdeveloped region is predicted to boom the requirement for polyamides 66 in the automotive applications. This polymer, which is greatly temperature resistant, is anticipated to obtain popularity with the growth in requirement for lead-free soldering in the electronics manufacturing. It is primarily utilized in the electronic interconnections as well as conveyor system and trays as a shielding material. Augment in the electronics industry is predicted to have a positive impression on this trend and pursue around the globe market enlargement.

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Additionally, in the report at the countless level with innumerable cross comparisons and product and services proposed along with partnerships which have been commenced by the covered players to improve their existence in the dissimilar regions. Furthermore, the foremost aspects which are propelling the market growth comprise promotion of engineering resins and the transforming mind-sets of individuals to move towards the polyamide 66 propels that in fibers. The technological growth in the engineering resins of the automobile is encouraging its market and this propelling the growth of the polyamide 66 propels market.

Region wise, the Asia Pacific is predicted to account for the largest revenue share during 2020. Countless government initiatives such as delivering subsidies, tax cuts, and augmenting the FDI limit, intended toward improving the manufacturing sector, are fascinating major global players to expand their functions in the region. Therefore, in the near years, it is predicted that the market of polyamide 66 will increase around the globe more actively over the near future.

For More Information, refer to below link:-

Global Polyamide 66 Market Research Report, 2021-2027

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Contact Us:-

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Ankur Gupta, Head Marketing & Communications

support@kenresearch.com +91-9015378249