Polyamide Market Analysis, Growth, Trends To 2020: Grand View Research, Inc.
Published on: Mar 4, 2016
Transcripts - Polyamide Market Analysis, Growth, Trends To 2020: Grand View Research, Inc.
Grand View Research, Inc: Global Polyamide Market,
Market Size, Application Analysis, Regional Outlook,
Competitive Strategies And Forecasts, 2014 To 2020
Global polyamide market is expected to witness significant growth due to its
increasing consumption in major end-use industries such as automotive, machinery
and consumer goods. Polyamide is widely used in automotive, textiles, packaging
and electronics applications. Growing automotive production in countries such as
China, Brazil, India, Mexico and Korea along with major manufacturing regions
such as Western Europe, Japan and U.S. is expected to drive polyamide demand.
Polyamide application in automotives includes airbag containers and engine
covers. Growing importance for safety standards in automotives and subsequent
legislations making airbags mandatory is expected to further strengthen polyamide
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Polyamide holds good electrical, mechanical, and thermal properties. Owing to
these properties, polyamide finds application in electronics industry. Growing
electronics consumption globally is expected to augment the global polyamide
market growth. Growing polyamide demand in sporting goods and textiles on
account of their increasing consumption is expected to further complement the
global market growth over the forecast period.
Commercially polyamide is available as polyamide 6-6, polyamide 6, and bio-
based polyamide which find specific application according their functional
properties. Polyamide 6 is widely used in food packaging applications owing to its
excellent barrier properties. Increasing packaged food demand is expected to drive
polyamide demand in the abovementioned application.
Growing environmental concerns has led to increasing demand for recyclable and
biodegradable products among consumers. This trend is expected to remain a key
factor driving bio-based polyamide demand over the forecast period.
Asia Pacific emerged as the largest regional market and is expected to witness
significant growth over the forecast period. Growing automotive and electrical &
electronic industries in the region are expected to drive the market growth.
Growing food packaging market in Latin America and Asia Pacific on account of
increasing processed food demand is expected to further complement the
respective regional markets. North America and Europe are expected to register
sluggish growth rates owing to stringent regulatory policies by EPA, ECHA and
FDA. However, increasing penetration of bio-based polyamide in these regions is
expected to offset this problem.
Global Polyamide market is fragmented in nature with multiple participants at
regional level. Major companies are indulged in R&D to develop solutions for new
product development. Few key players operating in the global market include
Koch Industries, Honeywell, DuPont, Huntsman Corporation, Radici Group,
Lanxess, and DSM N.V.
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
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Grand View Research, Inc.
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