Market Research Future (MRFR) announces the publication of its research report Global Specialty Polyamide Market, 2022.
Specialty Polyamide Market size was estimated at USD 1.98 Million in 2018, the drivers for the market are various industries such as, transportation, energy, consumer goods, industrial coatings, electronics, and others.
Specialty Polyamide Market has been estimated to register a significant growth on account of increasing demand from the transportation sector on the backdrop of expanding global trade and consumer goods. The primary factors driving growth of the market are the rising use of the light weight vehicles, growing demand for light weight, heat resistant and durable coating material in numerous industrial applications.
Global Automotive Market is estimated to grow at higher CAGR to reach over USD 90 billion revenue in 2017. The production and use of light weight cars and other automotive, as projected by Morgan Stanley analysts, is set to rise to 2.9 percent of 99 million new vehicles in 2020 and to 9.4 percent of 102 million new vehicles in 2025, from 1.1 percent of 86.5 million this year.
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Specialty Polyamide Market Key Players:
Specialty Polyamide Major Participants of this Market are: Akzo Nobel N.V., Autonomic Materials Inc., BASF SE, DOW Chemical Company, E. I. du Pont de Nemours and Company, Evonik Industries AG, High Impact Technology, Honeywell International Inc., Huntsman International LLC and Mac Dermid Autotype Ltd.
Companies such as Akzo Nobel N.V., Autonomic Materials Inc., Evonik Industries AG, BASF SE, Arekma SA, Asahi Kasei Corporation, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, LG Chem, Ltd., Solvay S.A., INVISTA S.à r.l., and Radici Group have adopted expansion strategies to increase their presence in the market. Most of the companies have invested in R&D amenities to discover advancements and innovative special trading that are eco-friendly, and extremely sensitive to surrounding with less utilization of expensive & harmful raw materials.
Further key findings from the report suggest:
Specialty polyamide market demand was estimated at 1.98 Million tons.
Smart Drug Delivery System & Implants the Specialty polyamide had the highest market share in 2017.
Asia Pacific has dominated the market and is projected to Expand at the highest CAGR of % in 2017.
Specialty Polyamide Market Segmentation:
Specialty Polyamide Market is majorly segmented on the basis of application. Based on the Application the market is segmented into Transportation, Energy, Consumer Goods, Industrial Coatings, Electronics, and Others.
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