Specialty Polyamide Market Demand, Application, COVID-19 Analysis, Share, Forecast 2023
Specialty Polyamide Market Dynamics
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.
Specialty Polyamide Market 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 size, confirmed their presence at the 2019
K2019 plastics trade show in Dusseldorf.
Specialty Polyamide Market Segmentation:
The global specialty
polyamide industry is segmented on
the basis of application and region.
By application, the global specialty polyamide market report is
segmented into transportation, energy, consumer goods, electronics, industrial
coatings, and others.
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Report @ https://www.marketresearchfuture.com/reports/specialty-polyamide-market-2074
Specialty Polyamide Market 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.
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NOTE: Our team of researchers are studying Covid19 and
its impact on various industry verticals and wherever required we will be
considering covid19 footprints for a better analysis of market and industries.
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