20 December 2019 - Global Thermoplastic
Polyamide Market is expected to
grow at a significant CAGR in the upcoming period as the scope and its
applications are rising enormously across the globe. Thermoplastic polyamide is
high-performance thermoplastic elastomer (TPE) block copolymers based on
polyesters or polyethers and nylon. Thermoplastic polyamide has a good chemical
and thermal resistance and has a very high toughness. It is exclusively used in
carpets, bushings, bearings, electrical plugs and sockets, food packaging film,
gears, and fibers for textile.
The
factors that are playing a major role in the growth of the market are the
growing demand from the end-users like electronics industry and sports goods.
However, the presence of substitutes may restrain overall market growth in the
years to come. Thermoplastic polyamide market is segmented based on type,
application, and region.
PA
12, PA 11, PA 6, and other types could be explored in thermoplastic polyamide
market in the forecast period. The market could be categorized based on
applications like medical industry, automotive parts, sporting goods, and
others could be explored in thermoplastic polyamide in the forecast period. The
automotive sector comprises seals, control elements, air duct components,
airbags, spoilers, anti-slip mats and others.
Based
on the distribution channel, direct marketing and indirect marketing could
classify thermoplastic polyamide in the forecast period. Direct marketing
sector accounted for the substantial market share of thermoplastic polyamide
and is estimated to continue its dominance in the years to come. Globally,
Europe accounted for the substantial share of thermoplastic polyamide industry
and is estimated to lead the overall market in years to come. The reason behind
the overall market growth could be the presence of key manufacturers in the
region, the growing demand from the end-users, and the presence of key
exporters of the product. The United State is a major consumer of thermoplastic
polyamide in this region.
North
America and the Asia Pacific are also estimated to have a positive influence on
future growth. North America is the second largest region with significant
market share. However, Asia Pacific is estimated to grow at the highest CAGR in
the forecast period. The developing countries like India and China are the
major consumers of thermoplastic polyamide in this region. The key players of
the thermoplastic polyamide market are Mingju Plastics, Arkema, Ube, Evonik,
and EMS-PATVAG. These players are concentrating on inorganic growth to sustain
themselves amidst fierce competition.
Market Segment:
Leading players of Thermoplastic
Polyamide including:
•
Arkema
•
Evonik
•
EMS-PATVAG
•
Ube
•
Mingju Plastics
Market split by Type, can be divided
into:
•
PA 12 Type
•
PA 6 Type
•
PA 11 Type
•
Other
Market split by Application, can be
divided into:
•
Automotive Parts
•
Sporting Goods
•
Medical Industry
•
Other
Market split by Sales Channel, can be
divided into:
•
Direct Channel
•
Distribution Channel
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