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New Revenue Pockets in Polyamide Market
Currently, the demand of polyamide is driven by the global automotive, electrical & electronics, consumer goods and appliances, and film & coating applications. The demand for polyamide is supported by stringent government regulations, increasing pressure for lightweight and durable polyamide, and the need for improving the standard of processing and manufacturing end-products. Recyclability is a growing concern which could push the market, as the bio-based specialty polyamide are 100% recyclable among the conventional polyamide 6 and polyamide 66. The durability and lightweight nature of polyamide creates a significant impact on the various application markets and is already replacing polypropylene and polyethylene in some application segments. It meets the requirements of thermal conductivity, distinct density requirements, and other characteristics across the different industry verticals and is an excellent performer compared to other materials
The global demand for polyamide is increasing rapidly and replacing many plastics and metals due to their better performance. Polyamide 6 (PA 6) and Polyamide 66 (PA 66) are the two important and dominating types of polyamide. The demand for these polyamides is anticipated to grow due their acceptance in the industry and end-user demand for high performance properties.
There are various markets, especially in Asia-Pacific and ROW region, where the volumetric consumption of polyamide products is increasing due to new projects and environmental rules and regulations. The consumption has increased considerably in the past two years and it is expected to improve in the next five years. The increasing purchasing power in developing countries, economic growth, potential projects supported by respective governments, and need for high performance products may add to the greater demand in the future.
Bio-Polyamide, Specialty Polyamide & Precursors Market by Type (PA 6, PA 66, PA 10, PA 11, PA 12 & Others), by Precursor (CPL, ADA & HDMA), by Material (Fiber & Plastics) & Application (Textile, Automotive, E&E & Others) - Global Trends & Forecasts to 2019
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