SAN FRANCISCO, April 10, 2018
SAN FRANCISCO, April 10, 2018 /PRNewswire/ --
The global polyamide in electronic protection devices (EPD) market size is expected to be valued at USD 502.8 million by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 3.2% during the forecast period. Polyamide in EPD is a cost-effective and environment-friendly material. It offers performance advantages such as abrasion and heat resistance, which has been encouraging EPD manufacturers to replace other thermoset materials with polyamides in EPDs.
Rapid industrialization and technological advancements pertaining to infrastructure in developing nations are factors likely to boost the demand for EPDs, and, in turn, trigger demand for polyamides in application areas such as switch gears. Increasing utilization of electronic appliances, coupled with high repair cost incurred due to short circuits at high temperature, is also contributing to increasing adaptation of polyamides for shielding purposes in these appliances.
Polyamide manufacturers are progressively trying to align their product development strategies with ongoing trends in the electrical component market. Consumers are switching to low-cost products without compromising on safety and performance. Manufacturers of electrical protection devices are constantly experimenting with different types of materials such as polystyrene, polyester, and polybutylene. However, these efforts have failed to match the performance results offered by polyamide.
DuPont, DSM, and BASF are front-runners in terms of innovation directed to improve the characteristics and performance of polyamides catering to electrical switchgear and appliances industries. BASF and DuPont have wide and diverse product portfolios under the polyamide segment. The companies offer polyamide 6 and 66 under various brands with distinctive and crafted characteristics to suit EPD requirements.
Browse full research report with TOC on "Polyamide in Electronic Protection Device (EPD) Market Size, Share & Trends Analysis Report By Product (PA6, PA66, PA4,6, High Temperature Polyamide, Polyphthalamide), By Device, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/polyamide-in-electronic-protection-device-epd-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global polyamide in EPD market on the basis of product, device, and region as follows:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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