Polyamides are polymers that can be used structurally and characteristically to replace metals, wood, glass, or ceramics in various applications. Polyamide has unique thermal, mechanical, electrical, and acoustic properties that make it a versatile product, and high-performance material. The major end-user industries of polyamide are automotive, electric and electronic, machinery, consumer goods, packaging, textiles, films, and coatings.
Key Market Drivers
· Weight Reduction in Vehicles
· Growth in Electric and Electronic Applications
· Growth of Emerging Economies
· Rise in Demand for Bio-based Polyamides
Key Market Trends
· Long-term Contracts with Leading Customers
· Cost Leadership through Backward Integration
· Competitive Edge in Technology
“The major factors that drive the global demand for polyamides are the increase in use of polyamides in the automotive and electronics industries, because of its lightweight nature and excellent mechanical properties. Unique properties such as easy moldability, good color, fine surface aspect, and excellent mechanical resistance make polyamides the obvious choice for applications across several sectors and industries,”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.