High Performance Polyamide Market 2018 | Technology, Applications, Growth and Region Forecast 2023

Market Highlights: 

Remarking on this report, an analyst from Market Research Future (MRFR)’s team said, the Global High-Performance Polyamide Market is predicted to grow at a healthy CAGR to reach USD 3,473.00 million by the end of 2023. The changing lifestyle and the demand for highly efficient and lightweight automotive have increased demand for High-Performance Polyamide. Moreover, growing product demand from consumer goods and electrical & electronics industry is another factor driving the market growth. 

Segment Analysis 

The High-Performance Polyamide Market is segmented on the basis of Type, Application and Region. Based on the type, the market is segmented into polyamide 10, polyamide 11, polyamide 12, polyamide 6T, and others. The polyamide 12 type accounted for around 33.50% market share in overall sales revenue. The demand for polyamide 12 is increasing on account of the various properties such as low water absorption, excellent chemical resistance, and ability to accept the high loading of fillers over nylon. The Global High-Performance Polyamide Market is segregated on the basis of its application as transportation, consumer goods, oil & gas, industrial coatings, electrical & electronics, and other industrial uses. The transportation and consumer goods segment together hold a major market share in terms of value. The transportation segment was valued USD 912.8 million in 2016 and is projected to grow at a CAGR of 5.68% during the assessment period. Geographically, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. 

Regional Analysis 

Regionally, High-Performance Polyamide Market is classified into five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific dominated the Global High-Performance Polyamide Market in 2016 and accounted for over 30% of the value share of the Global High-Performance Polyamide Market. This regional growth can be attributed to the high production and sales of automotive in China, India, and Japan. The reviving automotive sector in North America and the manufacturing and trade of automotive parts in Europe are likely to augment the market growth over the review period. The other emerging markets such as Latin America and the Middle East & Africa are projected to observe a healthy growth as Asia Pacific. 

Key Players: 

Market Research Future (MRFR) recognizes the following companies as the key players in the Global High-Performance Polyamide Market: Arkema S.A. (France), BASF SE (Germany), Dupont (U.S.), Evonik Industries AG (Germany), DSM (Netherlands), Solvay (Belgium), Toray Industries Inc. (Japan), Laxness (Japan), Radici Group spA (Italy), EMS Chemie holding AG (Switzerland), Ascend (Texas), Investa (Kansas), NILIT (Israel), DOMO (Italy), UBE Industries (Japan), Asahi Kasei (Japan), Kolon Plastic Inc. (South Korea), Shenma Industrial Co. Ltd. (China), and Hyundai EP Co. Ltd. (South Korea).

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High Performance Polyamide Market 2017: Analysis, Trends, and Forecast 2023

High Performance Polyamide belongs to a special class of polyamide, they can be formulated to offer improved properties when compared with conventional polyamide. They exhibit good impact strength, exceptional stiffness, and high dimensional stability. Other advantages include high chemical resistance, low moisture absorption, and excellent heat stability even at elevated temperature. With the aforementioned reasons, the High Performance Polyamide are widely utilized in numerous end use industries such as sports & leisure, electrical & electronics, aviation & automobile, medical, and other.

Some of the prominent factors that positively influence the growth of High Performance Polyamide Market are increasing industrialization, improving standard of living, and rising consumption of High Performance Polyamide. Moreover, increasing demand from sports & leisure industry as well as continuous growth of electrical & electronics sector drives the growth of the market. Rapid urbanization coupled with increasing disposable income in developing economies likely to fuel the growth of the market during the review period. However, High Performance Polyamide are relatively expensive than the other conventional polyamide, which may hinder the growth of the market. Moreover, increasing threat form hybrid polymers as a substitute is predicted to hamper the market growth.

Competitive Analysis:
The major players operating in the High Performance Polyamide Market include BASF SE (Germany), Evonik Industries (Germany), Royal DSM N.V. (the Netherlands), Arkema SA (France), KURARAY CO. LTD (Japan), Solvay (Belgium), SABIC (Saudi Arabia), DuPont (U.S.), LANXESS (Germany), Mitsui Chemicals, Inc. (Japan), and others.

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Market Segmentation:
The Global High Performance Polyamide Market is categorized on the basis of product, end use industry, and region. On the basis of product, the market is classified into PA11, PA12, PA46, PA9T, polyphthalamides (PPA), polyarylamide (PARA). Among these, PA11 is expected to be the largest market segment, in 2016 due to its easy availability and cost-effective nature. Moreover, PA11 finds a broad range of application in automotive, sports, and electronics. PA9T is predicted to be the fastest growing segment on account of its high adoption rate in numerous end use industries. Furthermore, it exhibits outstanding thermal stability and chemical & mechanical resistance. With the above-mentioned properties it is widely used in the manufacturing of various application such as coolant systems, pumps & valves, shaft seals, surgical equipment, and electronics product. On the basis of end use industry, the market is segmented into aviation & automobile, electrical & electronics, sports & leisure, medical and others. Other end use industry include building & construction and oil & gas. Among these, aviation & automobile holds the largest market share in 2016 and is predicted to continue its dominance on account of increasing demand in the manufacturing of exterior and interior components in the aviation and automobile industries. Moreover, rising usage of these polymers in the manufacturing of hydraulic control lines, siphon string, and pipe lines is estimated to propel the demand for High Performance Polymer.

Regional Analysis:
Asia Pacific is predicted to be the largest High Performance Polyamide Market followed by North America and Europe due to rising demand from aviation, automobile, electrical & electronics, and medical industries. Developing countries such as India, China, Vietnam, and Malaysia are the fastest growing markets for the High Performance Polyamide, and is predicted to grow with the same pace over the forecast period. North American High Performance Polyamide Market is predicted to witness a steady growth since the U.S. and Canada are among the major contributors in the regional market growth due to expanding healthcare sector. In Europe, High Performance Polyamide Market is estimated to grow with the significant rate on account of wide utilization in automotive sector. The Middle East & Africa is estimated to witness an average growth owing to rising investment in construction sector.

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Key Points from Table of Contents:

11.    Company Profiles   

11.1       BASF SE
11.1.1    Company Overview
11.1.2    Product/Business Segment Overview
11.1.3    Financial Updates
11.1.4    Key Developments

11.2       Evonik Industries
11.2.1    Company Overview
11.2.2    Product/Business Segment Overview
11.2.3    Financial Updates
11.2.4    Key Developments

11.3       Royal DSM N.V.
11.3.1    Company Overview
11.3.2    Product/Business Segment Overview
11.3.3    Financial Updates
11.3.4    Key Developments

11.4       Arkema SA
11.4.1    Company Overview
11.4.2    Product/Business Segment Overview
11.4.3    Financial Updates
11.4.4    Key Developments

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