The changing dynamics in High Performance Polyamide Market with covid-19 impact assessment
June 03, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the High Performance Polyamide Market.
It was estimated prior to this unanticipated outbreak that the High Performance Polyamide Market was expected to grow at a CAGR of 9.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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High Performance Polyamide belongs to the polyamide family and is mainly a thermoplastic resin.
High Performance Polyamide has its application in a number of areas such as transportation, electronics, medical, industrial, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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 fast 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.
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 high 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.
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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The High Performance Polyamide Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- 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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