HOME Press Releases Polyamide Market worth 30.76 Billion USD by 2021



Polyamide Market worth 30.76 Billion USD by 2021


The report "Polyamide Market by Application (Engineering Plastics, Fiber), Type (PA 6, PA 66, Bio-based & Specialty Polyamides), and Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) - Global forecast to 2021", The polyamide market is estimated at USD 25.14 Billion in 2016 and is projected to reach USD 30.76 Billion by 2021, at a CAGR of 4.1% from 2016 to 2021.

                  Request Sample                Request Sample

Browse 376 market data tables and 70 figures spread through 335 pages and in-depth TOC on “Polyamide Market by Application (Engineering Plastics, Fiber), Type (PA 6, PA 66, Bio-based & Specialty Polyamides), and Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) - Global forecast to 2021”
https://www.marketsandmarkets.com/Market-Reports/global-nylon-market-930.html
Early buyers will receive 10% customization on reports.

The growth of the polyamide market is driven by the polyamide 6 and polyamide 66 segments due to their usage in a wide range of products across several industries. The applications of polyamide in the automotive sector have increased significantly. Polyamide is an ideal solution for vehicle weight reduction. It is fast replacing metal parts in the automotive industry due to the ease of mass production and molding. Thus, the high demand for polyamide parts from the automotive industry propels the growth of the polyamide market.

Bio-based & specialty polyamide is the fastest-growing type segment of the global polyamide market from 2016 to 2021

The bio-based & specialty polyamide type segment is projected to be the fastest-growing type segment of the polyamide market from 2016 to 2021. The demand for organic materials is expected to rise globally due to the rise in prices of petrochemical-based raw materials. Bio-based polyamides are a high-quality alternative to substitute petro-based materials. They can be used in automotive, electronics, and sports applications. These polyamides are created from bio-based performance polymers with improved properties, such as durability, heat & water resistance, and water solubility.

Engineering plastics application segment estimated to account for the largest share of the global polyamide market in 2016

The engineering plastics segment is estimated to account for the largest share of the polyamide market in 2016. Polyamide engineering plastics are mostly used in automotive sector to make various parts such as radiator fans, speedometer gears, fuel tank, oil filter housing, and others. Automotive is the largest end-use segment for engineering plastic polyamide, followed by electrical & electronic end-use segments. Automotive is one of the most important market segments for polyamides, especially in the emerging economies. Emerging economies are increasingly investing in sectors such as infrastructure development, chemical industries, and automotive. This is expected to fuel the growth of the polyamide market in the automobile segment.

The Asia-Pacific region was the largest polyamide market in 2016

Asia-Pacific dominated the polyamide market in 2016, with increased usage across industries such as automotive, consumer goods, electrical & electronic, building & construction, and textiles. There has been a rise in the demand for polyamide in recent years due to large-scale investments in automobile sector, where it is widely used. Asia-Pacific has experienced a rise in demand for luxury cars due to the increase in purchasing power of consumers. This has led to increased polyamide consumption in this region owing to its usage in production of lightweight automobiles. Polyamide is increasingly being used to replace metal in automobiles, which has led to a surge in its demand in this segment.

Key players operational in the polyamide market include BASF SE (Germany), Li Peng Enterprise Co. ltd, (Taiwan), Royal DSM (Netherlands), Ascend Performance Materials LLC (U.S.), Invista Sarl (U.S.), Arkema SA (France), and Evonik Industries AG (Germany), among others.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports