2014-02-20 08:49:01 - Polyamide Market: Global Trends & Forecasts up to 2018 - a new market research report on companiesandmarkets.com
The global polyamide market is suggested to have reached a value of around $22 billion in 2012, and is forecast to grow to a total of $27 billion by 2018. This would suggest a CAGR growth rate of 3.2% between 2012 and 2018. The high demand across the industries such as automotive industry, electrical & electronics, and consumer goods will increase the overall polyamide consumption. The PA 6 and PA 6/6 are the key revenue generators for the global polyamide market.Polyamide is a versatile product with a high demand across the automotive market at a global level. Due to the current rising raw material prices in this industry, manufacturers prefer high performance and cost effective polyamide compared to other products.
The major industries for polyamide are Automotive, Electrical & Electronics, Machinery, Consumer Goods, Packaging, Textiles, and Films & Coatings.The emerging economies are lined for high investment with long term benefits. These investments are in automotive, electrical & electronics, and machinery. Polyamides have shown the lightweight, strong and high performance benefits to this industry. Countries such as China, India, and other Asia-Pacific economies are growing markets for polyamides. Major players in Europe and North American regions include E. I. DuPont, Honeywell, Koch Industries, Huntsman, BASF, Rhodia, Domo Group, Radici Group, Royal DSM, and Lanxess.U.S. is the major hub for polyamide manufacturers in North America and the major market players are headquartered in U.S. Within Europe, most of the major market players are situated in countries such as Germany, The Netherlands, and Italy. Asia-Pacific manufacturers are primarily based in China, Japan, and India.
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