- 23 January 2020 17:41
Transparent Polyamides Market Size & Trend – Industry Analysis, Forecast to 2026
The Global Transparent Polyamides Market is expected to grow from USD 21,946.48 million in 2018 to USD 30,341.17 million by 2026 at a CAGR of 3.82% during the forecast period 2019-2026. Growing construction activities with increasing population, increasing demand in electronics applications, and rising demand for lightweight materials are factors swelling the growth of the market.
PA 6 segment held highest market size of around USD 8,181.65 million in 2018
Type segment covers PA 6, PA 66, and others. The PA 6 segment held highest market share of 37.28% in 2018 owing to owing its rapid moisture absorbing properties and increasing use in textile & paper, materials handling, machine building, and other industries.
Fiber grade segment registered the highest market share of 34.37% in 2018 and is anticipated to dominate the market in the forecast period
Grade segment is divided into fiber grade, injection molding grade, and extrusion grade. The fiber grade segment registered the highest market share of 34.37% in 2018 and is anticipated to dominate the market in the forecast period. This is attributable to lightweight & recyclability features and high adoption in several industries due to its mechanical properties.
Criminal justice systems & law enforcement agencies segment is expected to grow with the highest market share of 4.16% during the forecast years
Application segment is categorized into automotive, electrical & electronics, films & coatings, industrial machinery, and others. The electrical & electronics segment is anticipated to grow with the highest CAGR of 4.04% during the forecast period owing to its use of transparent polyamides in connectors, cables, switches, plugs, relays, and other electronic applications.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific region dominated the global transparent polyamides market with market size of around USD 7,290.62 million in 2018. I. Increasing demand from packaging and electronics industries, rising large-scale investments in the automobile sector, and rising disposable incomes of the population has made Asia Pacific region dominant in the global transparent polyamides market
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The major players of the market include BASF SE, Evonik, Formosa Group, Honeywell International Inc., Invista, DuPont, Li Peng Enterprise Co., Ascend Performance Materials Inc., Huntsman, Koch industries, Radici Group, Solvay, Royal DSM N.V., Shenma Industrial Co. Ltd., Rhodia, Lanxess, Arkema, Ester, and other.
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