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Automotive & Transportation Leads Global Market for Polyamides to Reach 5.6M MTs by 2028
By: Industry Experts, Inc
Polyamides (PA6 and PA66) demand has recovered sharply in 2021 after a 6.2% YOY decline in 2020 and is further expected to maintain a CAGR of 3.9% through 2028. Growth will be strong in automotive & transportation, electrical & electronics and appliances sectors. Automotive & transportation is the largest application for polyamides globally.
While several application sectors of polyamides were impacted negatively by the COVID-19 pandemic, electrical & electronics sector has generally not had any negative impact but rather demand was accelerated at a healthy rate during 2019-2022 period. Amid the firm demand for mobile phones, tabs and IT devices, global consumption of polyamides in electrical & electronics applications has recorded a CAGR of 3.8% during 2019-2022 period. Further, demand for polyamides in electrical & electronics sector is projected to record a CAGR of 3.9% between 2022 and 2028, attributed to firm demand for electronic products from the large group of emerging middle-class consumers, such as mainland China, India, Southeast Asia.
The market for Polyamides (PA6 and PA66) analyzed in this report by major end-use applications comprising Automotive & Transportation, Electrical & Electronics, Building & Construction, Appliances, Consumer Goods and Others.
This report reviews, analyzes and projects the Polyamides (PA6 and PA66) market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2019-2028 in terms of volumes in metric tons and value in USD. These regional markets further analyzed for 18 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, the Netherlands, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan, South Korea, Taiwan and Thailand; and South America – Argentina and Brazil.
This 265 page global market research report on Polyamides (PA6 and PA66) includes 196 charts (includes a data table and graphical representation for each chart), supported with a meaningful and easy to understand graphical presentation, of the market. This report includes business profiles of 42 key global players and also provides the listing of the companies engaged in the manufacturing and supply of Polyamides (PA6 and PA66). The global list of companies covers addresses, contact numbers and the website addresses of 68 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
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Industry Experts, Inc