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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