Automotive Industry to Lead Transparent Polyamides Market During Forecast Period
Rising demand from
applications in electronics, automotive, construction and coatings industry to
drive global transparent polyamides market through 2024
According to
TechSci Research report, “Global Transparent
Polyamides Market By Type, By Grade, By
End-user, By Region, Competition, Forecast & Opportunities, 2024”, the global transparent polyamides market is expected to
grow at a steady pace during the forecast period. Transparent polyamides are witnessing
adoption in various industries on account of its mechanical properties such as
high strength, durability, elasticity and others. However,
low water absorption and high cost are likely to hamper the growth of the
market during forecast period. Additionally, high competition from the hybrid
polymers and composites is further expected to obstruct the transparent
polyamides market.
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The global
transparent polyamides market is segmented based on type, grade, end-user, region
and company. Based on type, the market can be categorized into
PA-6, PA-66, PA-12, biobased polyamides and others. PA-66 is expected to grow
at a rapid pace during the forecast period owing to its excellent balance of
characteristics. Additionally, it is the strongest of all the available
polyamides. Based on grade, the market can be fragmented into
fiber grade, injection molding grade and extrusion grade. The fiber grade
dominates the market attributable to the special features such as lightweight,
renewability, recyclability, inexpensive nature, and non-abrasiveness of
transparent polyamides. Based on application, the market can be segmented into
automotive,
electrical & electronics, consumer goods, healthcare, packaging, sports
& leisure and others. The automotive segment holds the largest market share
on account of the ability of transparent polyamides for high performance at low
cost. Additionally, growing disposable income of consumers and increase in
transportation activities is further increasing the demand for transparent
polyamides in the automotive industry.
Honeywell International
Inc., Du Pont de Nemours, Inc., Evonik Industries AG, BASF SE, INVISTA S.à r.l.,
EMS-CHEMIE HOLDING AG, Arkema Inc., DSM Engineering Plastics B.V., Koch
Industries, Inc., Shen Ma Industry Co. Ltd. and others are some of the leading players
operating in global transparent polyamides market. The companies operating in
the market are using organic strategies such as product launches, mergers and
collaborations to boost their share.
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“Asia-Pacific is expected
to be the fastest growing market for transparent polyamides during the forecast
period, owing to the growing demand from automotive, packaging and electronics
industries in this region. Additionally, large-scale investments in the
automotive industry especially in countries like India and China are providing
new opportunities for the market to grow at a rapid rate in the region.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Transparent Polyamides Market By Type, By Grade, By End-user, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated
the future growth potential of global transparent polyamides market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global transparent polyamides market.
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