DUBLIN, September 13, 2017
DUBLIN, September 13, 2017 /PRNewswire/ --
The "Global Polyamide Market 2017-2021" report has been added to Research and Markets' offering.
The global polyamide market to grow at a CAGR of 4.02% during the period 2017-2021.
Global Polyamide Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Market estimates include sales of PA products (types) in automotive, electrical and electronics, packaging, and other sectors.
According to the report, one of the major drivers for this market is Superior properties and versatile nature of PA. PA is a polymer that is useful for a wide range of applications that require plastic materials with high melting temperature. It is diverse and adaptable to suit varied applications due to the availability of PA variants. It is a highly flexible material that can be combined with different materials, such as additives and other polymers. The low-friction property of PA allows its use for many large-volume standard products in addition to gears, bushings, and plastic bearings. In addition, applications that undergo a lot of wear also prefer PA over other engineering plastics. Apart from the automotive and electrical and electronics sectors, some of the largest applications of PA are in consumer products such as toys, furniture points of impact, components of high-heat applications, and gears for mechanism transmissions.
The latest trend gaining momentum in the market is Additive manufacturing: The way forward. Additive manufacturing is also known as 3D printing. 3D modeling environments such as computer-aided designing are widely used for rapid prototyping. The process is known to reduce material cost and has a significantly lowered environmental impact when compared with polymers based on fuels. Currently, many companies are actively looking for opportunities to apply holistic manufacturing to their products, making additive manufacturing one of the most promising and potentially most disruptive uses for industrial 3D printing."
Further, the report states that one of the major factors hindering the growth of this market is Crude oil price and its impact on PA market. Globally, the PA value chain has suffered in terms of value. More so in the Asian markets by the end of 2015. Although a yearly peak was witnessed in May 2015 to June 2015, the prices started to fall, which had significant pricing impact on the PA market. The rapid fall in crude oil prices affected the prices of CPL, a derivative benzene through cyclohexane. The final PA product cost depends on crude oil fluctuations, which had been at an 11-year low in 2016. The crude prices further dropped after the Organization of the Petroleum Exporting Countries (OPEC) planned to retain its high production despite depressed oil prices. In addition, benzene prices in Asian markets declined sharply, which resulted in weakening the demand for PA. The volatile oil prices are inherent in the chemical sector. Minor stability can be anticipated by fundamental changes in the supply and demand dynamics in the PA market. Nylon fiber, nylon chip, and nylon filament yarn are the largest applications of PA.
Other prominent vendors
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/9h4fdz/global_polyamide
Research and Markets
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