Demand for High Performance Polyamides to be Bolstered by the Auto and Electronics Sectors, Projected to Reach 271k MTs by 2022
Wednesday 19 Oct 2016
Industry Experts has released the global market report on High Performance Polyamides. The new report titled ‘High Performance Polyamides – A Global Market Overview’ reveals that the Automotive sector is the largest global volume market for High Performance Polyamides, which is also anticipated to record the fastest CAGR of 4.2% between 2016 and 2022 and reach a projected 116.9 thousand metric tons by 2022 from a forecast 91.5 thousand metric tons in 2016.
Bridging cost and performance gap between engineering polyamides and other high performance polymers, high performance polyamides (HPPA) are widely used in automotive, electrical & electronics and various other demanding applications. High performance polyamides withstand extreme conditions such as long term exposure to heat, chemicals, and moisture. Compared to standard polyamide technologies including PA 6 and PA 66, HPPAs can offer improved dimensional stability due lower moisture absorbsion.
Mega trends in the automotive, electrical & electronics and oil & gas sectors are expected to spur the demand for high performance polyamides in the future. In the automotive industry, growth is supported by metal replacement to reduce vehicle weight, while thinner and smaller components in electronic devices. Further, the development of unconventional oil and gas technologies to spur the demand for the specialty polyamides.
Global volume consumption of High Performance Polyamides is forecast to be 217.4 thousand metric tons in 2016 and is projected to reach 271.1 thousand metric tons by 2022 at a CAGR of 3.7% between the two years. Asia-Pacific is the largest volume consumer of High Performance Polyamides, forecast to be 105.4 thousand metric tons (48.5% share) in 2016, which is also expected to record the fastest 2016-2022 CAGR of 4.6% and reach a projected 138 thousand metric tons by 2022.
Global High Performance Polyamides Market 2016-2022
This global report includes high temperature polyamides within the definition of high performance polyamides as well as other specialty polyamides which display outstanding characteristics such as very low moisture absorption, outstanding chemical resistance, toughness and strength. The report focuses on six different high performance polyamides namely polyamide 11 (PA 11), polyamide 12 (PA 12), polyamide 46 (PA 46), polyamide 9T (PA 9T), polyphthalamides (PPA) based on polyamide 6T (PA 6T) and polyarylamide (PARA) or polyamide MXD6 (PA MXD6).
The study also analyzes the key end-use sectors of high performance polyamides
including Automotive & Transportation, Electrical & Electronics, Mechanical/Industrial, Medical & Healthcare and Others (such as Building & Construction, Aerospace, Consumer Goods, Medical etc.). The global markets for the above mentioned product types and end-use sectors are analyzed in terms of volume in metric tons and value in USD for 2012-2022 analysis period for the United States, Europe, Asia-Pacific and Rest of World. The regional markets further analyzed for 8 more independent countries across Europe – France, Germany, Italy and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea. This report also provides the comprehensive market analysis of each polyamide type by end-use sector for the global markets including the United States and key regions in Europe, Asia-Pacific and Rest of World.
This 440 page global market research report includes 631 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 12 key global manufacturers of high performance polyamides. The research also provides the listing of the companies engaged in manufacturing, compounding, processing and supply of high performance polyamides. The global list of companies covers the address, contact numbers and the website addresses of xx companies.
Hyderabad, India based Industry Experts is a multi industry focused business information provider.
For more details, please visit http://industry-experts.com/verticals/chemicals-and-materials/high-performance-polyamides-a-global-market-overview