Embed Size (px)
DESCRIPTION
The study segments Polyamide industry in light of major classification such as product type, potential markets, application, and end-user.
Citation preview
Polyamide Market To Reach USD 38.30 Billion By 2026
Market Summary
Growing demand for polyamides from the automotive industry is the most significant factor estimated to stimulate market demand.
Market Size – USD 27.29 billion in 2018, Market Growth - CAGR of 4.3%, Market Trends – Increase in the level of disposable income
The global polyamide market is expected to reach USD 38.30 Billion by 2026, according to a new report by Reports and Data. Polyamide is a kind of polymer that contains recurring amide groups as an integral part of the main polymer chain and is one of the most widely used engineering thermoplastic materials.
Growing demand for polyamides from the automotive industry is the most significant factor estimated to drive the market demand in the forecast period. Application of polyamides in an automotive range from structural and decorative components of the vehicle to the electronic components as these materials are used as a substitute for metals to reduce system costs and incorporate lighter components to increase fuel efficiency with reduced emissions. According to research, a 10% reduction in the weight of an automobile can result in a 6%-8% improvement in fuel efficiency.
Market Summary
Further key findings from the report suggest
• Polyamide fibers & films dominated the market, with over 50% of the market share in 2018 and are expected to grow at a rate of 4.4% in the period 2019-2026.
• The market in North America is expected to reach USD 7.01 Billion by 2026, with a growth rate of 3.9% over the forecast period.
• By country, China was the largest consumer of polyamides with over 35% of the share in 2018.• PA 6 held the largest market share in 2018 and is expected to maintain its market leadership with a
growth rate of 4.4% in the forecast period attributed to the increasing demand from automotive, electrical and textile industries owing to the high tensile strength and also inhibit good elasticity and chemical resistance.
• The electrical and electronics segment generated a revenue of USD 3.65 Billion in 2017 and is expected to grow at a rate of 4.1% during the forecast period.
Avail the inside scoop of the Sample report @ https://www.reportsanddata.com/sample-enquiry-form/1521
Market SummaryKey players BASF SE, Honeywell International Inc., Koch Industries, Huntsman Corp., Du Pont, DSM N.V., Lanxess AG, Evonik Industries AG, Solvay AG, and RadiciGroup, among others.
Segmentation:For the purpose of this report, Reports and Data have segmented the global polyamide market on the basis of product type, applications, end-user, and region:Product Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)• PA 6• PA 66• Bio-Based Polyamides• OthersApplications Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)• Polyamide Fibers & Films• Engineering Plastics• Polyamide AdhesivesRegional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)• North America• Europe• Asia Pacific• MEA• Latin America
Market SummaryEnd User Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)• Automotive• Electrical & Electronics• Aerospace & Defense• Textile• Films & Coatings• Sports & Leisure• Industrial• Others
Buy Now: https://www.reportsanddata.com/checkout-form/1521
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision.
We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
About US
John WatsonHead of Business DevelopmentReports And Data | Web: www.reportsanddata.comDirect Line: +1-212-710-1370E-mail: [email protected]
Contact US
