The
global Specialty Polyamides Market was appreciated at US$ 2.23 billion during
2017 and is estimated to witness a CAGR of 6.0% from 2019 to 2025. The scope of
the market is projected to be US$ 3.54 billion by the completion of 2025. This
could be attributed to the fact that specialty polyamides are used as
substitutes to synthetic polyamides as they are lightweight, recyclable,
provide resistance against abrasion, flexibility, toughness, and have better
performance. The verticals acting as torchbearers to specialty polyamides
include electrical and automotive industries.
The
specialty polyamide market is segmented based on application, geography, and
type. By type, it comprises PA12, PA11, PA10, PA6/12, and PA6/10. By
application, the market consists of industrial coatings, energy, consumer goods
& retail, electronics & electrical, and automotive and transportation.
The “automotive and transportation” segment holds the largest market share due
to it being used for manufacturing lightweight vehicles. The other factors
driving the specialty polyamides industry include eco-friendly production and
fuel efficiency.
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The
latest trend catching up is an influx of high-temperature polyamides. They are
inclusive of PA10T, PA9T, PA6T/66/DT, PA6T/DT, PA6T/6I/66, PA6T/6I, PA6T/66,
PA6T/6, PA4T, and PA46. These come across as high-crystalline polyamides. They
are different from their counterparts in terms of their thermal and mechanical
properties.
Plus,
stringent regulations on the part of government regarding environment safety do
bolster the specialty polyamides market. At the same time, high installation
cost does act as a restraint. By geography, the segmentation goes like LATAM,
Europe, North America, Asia Pacific, and MEA. Asia Pacific rules the market due
to automotive industry expanding by leaps and bounds in the region. The fact
that specialty polyamides are extensively used in electrical &
semiconductor devices also can’t be ruled out. The transportation industry is
fueled by use of eco-friendly substances as well.
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The players contributing to the specialty polyamides market
include Koninklijke DSM N.V.; Radici Group; Solvay S.A.; INVISTA; LG Chem,
Ltd.; Asahi Kasei Corporation; E. I. DuPont de Nemours and Company; BASF SE;
Arekma SA; and Evonik Industries AG.
Specialty Polyamides
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Automotive &
Transportation
• Electrical & Electronics
• Consumer Goods & Retail
• Energy
• Industrial Coatings
• Others
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