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ELMHURST, Ill. - Oct. 11, 2019 - PRLog -- The global polyamide resins market size is poised to reach USD 2.29 billion by 2023, according to a new report by Technavio, progressing at a CAGR of close to 6% during the forecast period.

Polyamide resins are increasingly replacing conventional resins owing to their superior properties. These resins exhibit properties such as excellent wear resistance, high mechanical strength, and high thermal stability. They also possess properties such as excellent flame retardation capability and good mechanical and barrier properties. Owing to the high temperature and electrical resistances, polyamide resins are considered high-performance plastics and are widely used in automotive and transportation, electrical and electronics, and consumer goods applications. They are also widely used in chemical plants as the polyamide resins offer excellent chemical resistance because of their crystalline structure. Such superior properties of polyamide resins, along with their increasing applicability in end-user industries are likely to fuel the growth of the market.

Furthermore, the increasing production of automobiles will drive the demand for polyamide resins due to the consistent demand for reduction of weight in new vehicles, over the years. Globally, the implementation of stringent automobile emission control norms and concerns regarding fuel efficiency have compelled automakers to take measures to reduce the weight of vehicles. Therefore, owing to the high heat and chemical resistance, superior mechanical properties, and moldability, polyamide resins are used in the automotive industry as a replacement of metal parts and for vehicle weight reduction.

Download the free sample report @ https://www.technavio.com/talk-to-us?report=Indium+Gallium+Arsenide+%28InGaAs%29+Camera+Market+by+Cooling+Technology+and+Geography+-+Global+Forecast+and+Analysis+2019-2023&type=sample&src=report&utm_source=off_page_m&utm_medium=PR&utm_campaign=2019-ch

The report includes detailed profiles of the leading companies & prominent vendors of the market:

·         Arkema SA

·         BASF SE

·         Celanese Corp.

·         DuPont de Nemours Inc.

·         Evonik Industries AG

·         Koninklijke DSM NV

·         Mitsubishi Chemical Holdings Corp.

·         Solvay SA

Market Segmentation by Category and Product Types:

The polyamide resins market can be broadly categorized into the following type:

·         Reactive polyamide resins

·         Non-reactive polyamide resins

Get the Complete Report @ https://www.technavio.com/report/indium-gallium-arsenide-ingaas-camera-market-industry-analysis?utm_source=off_page_m&utm_medium=PR&utm_campaign=2019-ch

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Technavio Research
Jesse Maida
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www.technavio.com