High Performance Polyamide Market to experience an impressive growth of 9.2% during 2020-2025
January 27, 2020
High Performance Polyamide Market is likely to witness an impressive CAGR of 9.2% during the forecast period. The market has observed considerable growth in the present years, which is expected to continue in the future as well. Owing to their properties, such as elevated thermal stability, excellent dielectric strength, minimal contraction, remarkable design flexibility, and enhanced chemical resistance, high performance polyamides are extensively employed in an array of end-use industries, such as medical, transportation, electrical and electronics, industrial, and others which is driving the market globally.
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High Performance Polyamide Market Segment Insights:
By Type:
Based on the type, the market is segmented as PA 11, PA 12, PA 46, PA 9T, PARA, and PPA. The PA 11 type segment held the largest share in 2018, owing to its suitability in a wide range of applications, whereas the PA 9T segment is expected to be the fastest-growing segment during the forecast period. The growth is attributed to its growing adoption in various end-use industries, such as electrical & electronics, transportation, and industrial applications.
By End-Use Industry Type:
Based on the end-use industry type, the market is segmented as transportation, electrical & electronics, medical, industrial, and others. The transportation segment held the largest market share, both in terms of value and volume, followed by industrial, electrical & electronics, medical, and others, in 2018. The medical industry segment is projected to depict the highest growth during the forecast period. High performance polyamides deliver remarkable chemical resistance, electrical and thermal resistance, and low-moisture captivation characteristics, which enable them to be extremely capable in various medical applications, such as diagnostics, surgical equipment, and dental.
By Region:
In terms of regions, Asia-Pacific is estimated to be the largest market for high-performance polyamide in the coming five years. China and India are the growth engines of the region. The market is driven by the increasing application of high-performance polyamide in various end-use industries, such as medical and electrical & electronics. North America is also estimated to offer considerable growth opportunities during the forecast period and the region is the second-largest consumer of high performance polyamide across the globe. The Middle East and Africa are the second-fastest growing regions after Asia-Pacific, owing to the growing electrical & electronics sector in the region.
Key Players:
Some of the major players in the high-performance polyamide market are Arkema SA, BASF SE, Evonik Industries AG, Kuraray Co., Ltd., Royal DSM N.V., Solvay S.A., E. I. Dupont De Nemours and Company, Saudi Arabia Basic Industries Corporation (SABIC), Mitsui Chemicals, and Lanxess Aktiengesellschaft.
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- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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