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Polyamide Market worth $30.76 billion by 2021

 The Global Polyamide Market was valued at USD 25.14 Billion in 2016 and is projected to reach USD 30.76 Billion by 2021, at a CAGR of 4.1% from 2016 to 2021.

Browse 376 market data Tables and 70 Figures spread through 335 Pages and in-depth TOC on "Polyamide Market”

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Engineering plastics segment is estimated to account for the largest share of the polyamide market in 2016. Polyamide engineering plastics are mostly used in automotive sector to make various parts such as radiator fans, speedometer gears, fuel tank, oil filter housing, and others. Automotive is the largest end-use segment for polyamide engineering plastics, followed by electricals & electronics end-use segment. Automotive is one of the most important market segments for polyamides, especially in the emerging economies. Emerging economies are increasingly investing in sectors such as infrastructure development, chemical industries, and automotive. This is expected to fuel the growth of the polyamide market in the automobile segment.

Bio-based & specialty polyamide is projected to register the highest CAGR in the polyamide market during the forecast period.

Based on type, the polyamide market has been segmented into PA 6, PA 66, and bio-based & specialty polyamide. Bio-based & specialty polyamide is projected to be the fastest-growing segment of the market due to its growing use in automotive, electronics, and sports applications. The soaring prices of petrochemical-based raw materials are likely to increase the demand for organic materials. Bio-based & specialty polyamide with excellent properties such as durability, heat & water resistance, and water solubility is a suitable alternative to petroleum-based materials.

Asia Pacific accounted for the largest share of the polyamide market in 2016.

Asia Pacific was the leading polyamide market in 2016 due to the increased use in the automotive, consumer goods, electrical & electronics, building & construction, and textile industries. In recent years, the automobile sector has witnessed large-scale investments. Moreover, there has been a growing demand for luxury cars driven by the increased purchasing power of consumers in the region. All these factors have contributed to the use of polyamide for the production of lightweight automobiles in Asia Pacific.

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The major polyamide market players profiled in this report include BASF SE (Germany), Li Peng Enterprise Co. Ltd, (Taiwan), Royal DSM (Netherlands), Ascend Performance Materials LLC (US), Invista Sarl (US), Arkema SA (France), and Evonik Industries AG (Germany), among others.

 

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