HOME Research Insight BASF SE (Germany) and Solvay S.A. (Belgium) are the Leading Player in the Global High Performance Polyamides Market



BASF SE (Germany) and Solvay S.A. (Belgium) are the Leading Player in the Global High Performance Polyamides Market


New product launches, mergers & acquisition, and expansions & investments are the key strategies adopted by the industry players to achieve growth in the high performance polyamides market. Increasing industrial advancements, technological advancements, and demand for efficient plastic materials with excellent physical properties such as high thermal stability, greater chemical resistance, greater design flexibility, and high dielectric strength have led various end-use industries to focus on high performance polyamides, thus leading to a rise in its demand. These aspects have encouraged companies to adopt strategies such as new product launches, expansions, mergers & acquisitions, and agreements. Some of the key players, such as Royal DSM NV (Netherlands), E.I. DuPont de Nemours and Company (U.S.), Solvay S.A. (Belgium), SABIC (Saudi Arabia), and BASF SE (Germany) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the high performance polyamides market between 2012 and 2016

BASF SE (Germany) is a leading player in the global high performance polyamides market. The company, as a major polyamides manufacturer, aims to expand its market share and become one of the most innovative companies in the world. As part of its growth strategy, in 2016, the company opened its new plant for production of Ultramid B in Shanghai, China. The new plant strengthened the local production and supply network of the company and helps in serving the growing markets of Asia-Pacific better.

Solvay S.A. (Belgium) is the largest high performance polyamides manufacturer in the U.S. and one of the largest producers worldwide. As a part of its business strategy, Solvay S.A. focuses on new product development and research. The company focuses on the manufacture of high quality products by employing the latest state-of-the-art technology and improving the efficiency of its operations. In 2014, it introduced Kalix high performance polyamides bio-based series which can deliver better strength, stiffness, and chemical resistance. Solvay S.A. is expanding globally with its new product development strategy in high performance polyamides market.

Key companies, such as Royal DSM NV (Netherlands), E.I. DuPont de Nemours and Company (U.S.), Solvay S.A. (Belgium), SABIC (Saudi Arabia), Arkema SA (France), Mitsui Chemicals (Japan), Lanxess (Germany), Evonik Industries AG (Germany), Kuraray Co., Ltd(Japan), BASF SE (Germany), and EMS Grivory (Switzerland) are the most active players in the global high performance polyamides market.

Related Reports:

High Performance Polyamides Market by Type (PA 12, PA 11, PA 46, PARA, and PPA), End-Use Industry (Transportation, Electrical & Electronics, Medical, Industrial), and Region - Global Forecast to 2021

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