Specialty Polyamide Market Driven by Growing Demand from Transportation Sector
Description :
Specialty
Polyamide Market Information: by Application (Transportation, Energy, Consumer
Goods, Industrial Coatings, Electronics, and Others) and Region Forecast Till
2030
Keywords:
Polyamide Market Market industry , Polyamide Market, Global Polyamide Market industry , Polyamide Market Industry value, Polyamide Market Industry segment
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Polyamide Market Analysis:
The global specialty polyamide
market is expected to exhibit steady growth over the forecast period, according
to the latest research report from Market Research Future (MRFR). The growing
demand from the transportation sector is likely to be a crucial driver for the
global specialty polyamide market over the forecast period, according to the
report.
Competitive Analysis:
Leading players in the global
specialty polyamide market include Radici Group, INVISTA S.r.l., Solvay S.A.,
LG Chem Ltd., E.I. DuPont de Nemours and Company, Koninklijke DSM N.V., Asahi
Kasei Corporation, Arkema SA, BASF SE, and Evonik Industries AG.
In July 2019, Evonik, one of the
leading players in the global polymers market, confirmed their presence at the
2019 K2019 plastics trade show in Dusseldorf.
Segmentation:
The global specialty polyamide
market is segmented on the basis of application and region.
By application, the global
specialty polyamide market is segmented into transportation, energy, consumer
goods, electronics, industrial coatings, and others.
Regional Analysis:
The global specialty polyamide
market is expected to be dominated by Asia Pacific over the forecast period,
followed by North America and Europe. The growing transportation industry in
Asia Pacific is likely to be a major driver for the global specialty polyamide
market, as the growing demand for passenger vehicles in the cheap price range
has driven up the demand for specialty polyamides in various transportation
applications. Growing government support to automotive manufacturing in Asia
Pacific countries such as China, Japan, South Korea, and India is likely to be
a major driver for the specialty polyamide
market in the region. The growing demand for mass transportation vehicles
such as buses is also likely to be a major market driver for the specialty
polyamide market over the forecast period, as government-planned schemes for
public transportation have sprung up at great pace across Asia Pacific in the
last few years. Many countries have taken major steps to spruce up their public
transportation network, with better designed buses, electric vehicles, and
more, leading to a growing demand from the specialty polyamide market over the
forecast period.
The growing consumer goods and
electronics industries in Asia Pacific are also conducive to smooth growth of
the specialty polyamide market. Specialty polyamides are used in a number of
consumer electronics and other goods due to their superior thermal resistance
and physical durability. The rising demand for consumer goods and electronics
in Asia Pacific countries such as India, Thailand, Indonesia, Malaysia, China,
Taiwan, South Korea, Australia, New Zealand, and Japan is likely to be a major
driver for the specialty polyamide market in the region. The growing demand for
physically robust consumer electronics rather than electronics with flashy
gadgetry and fluff is likely to drive the demand for specialty polyamides in
the region over the forecast period. The rising electric vehicle industry in
Asia Pacific is also likely to be a major driver for the specialty polyamide
market in the region over the forecast period.
Europe is also likely to be a
major growth center for the specialty polyamide market over the forecast period
due to the steady growth of the automotive industry in the region. Rising
demand for specialty polyamides in transportation applications is likely to be
a major driver for the specialty polyamide market in Europe.
Among the rest of the world,
Brazil is likely to exhibit strong growth in the coming years due to the
growing government support to the public transportation sector in the region.
The Middle East could also emerge as a major revenue generator for the
specialty polyamide market due to the growing demand in automotive applications
in the UAE, Saudi Arabia, Kuwait, Qatar, and other influential countries in the
region.
Europe and Rest of the world are
likely to be important regional markets for the specialty polyamide market over
the forecast period, as leading countries in the region are likely to emerge as
key players in the global specialty polyamide market in the coming years.
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