Specialty Polyamides Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Specialty Polyamides Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2021 | Chemical & Materials

Report Digest


Specialty Polyamides Market: Snapshot

Specialty polyamides are fabricated materials that provide comparable amounts of durability and mechanical strength as conventional materials while weighing significantly less. Specialty polyamides are also notable due to the lower carbon footprint their production generates, which has emerged as a key driver for the specialty polyamides market due to the vast environmental consequences of the production of conventional materials such as plastics.

The automotive industry is the leading consumer in the global specialty polymers market and is likely to retain a dominant share in the coming years due to the rising acknowledgment of the benefits of lighter cars in terms of minimizing their environmental impact. Using lighter materials in car construction leads to lower fuel consumption, as the same amount of power is distributed over a smaller mass, helping enhance the environmental footprint of the automobile. Lighter cars also provide better handling, since the momentum of the vehicle is reduced. This has also been a key factor in leading to lighter materials, including specialty polyamides, becoming popular in the automotive sector.

Several government bodies, including the U.S. EPA, have also come out in support of the use of lighter materials in car construction due to their significant cumulative potential to reduce man’s impact on climate change. The specialty polyamides market has benefited significantly from such initiatives and is likely to rely on government support in the coming years, particularly due to the higher prices of specialty polyamides in comparison to conventional automotive construction materials. Government support will also help the global specialty polyamides market overcome one of its key restraint: lack of awareness in developing countries. The booming automotive industry in developing countries such as China, Japan, and India is thus likely to have a significant impact on the global specialty polyamides market in the coming years. 

Global Specialty Polyamides Market: Overview

Specialty polyamide manufacturers are preferring eco-friendly and high-quality alternatives as raw materials to conventional petroleum. These polyamides, which are manufactured using renewable raw materials, have a lower CO2 and other greenhouse gasses footprint and support sustainable development. Continuous research and development activities are paving way for advanced polyamides that provide excellent thermal and mechanical characteristics and enhanced humidity resistance. Governments and organizations worldwide are taking efforts to promote the use of these polyamides across key end-user industries. Thus, the global market for specialty polyamides is anticipated to experience tremendous growth in the foreseeable future. These polyamides are used across various end-user industries such as automotive and transportation, energy, electrical and electronics, industrial coatings, and consumer goods and retail.

The research report presents a concise account of the various critical parameters of the global specialty polyamides market. It includes a detailed overview of the trends and opportunities impacting the global market. It offers valuable insights into the competitive landscape of the market. It provides an in-depth analysis of business strategies, latest developments, market shares, and cost and revenue structures of key players in the market and profiles them. It covers SWOT analysis that forecasts the growth trajectory of each prominent player in the market. It segments the market on the basis of several criteria including end users and geography and provides statistics in terms of both value and volume.

Global Specialty Polyamides Market: Drivers and Restraints

The surge in the demand for emission control and fuel economy improvement is prompting automobile companies to develop alternative solutions for manufacturing lighter vehicles through design modification and material substitution. This is, thereby, fuelling the global demand for specialty polyamides. Moreover, stringent measures taken by government bodies such as EPA to reduce greenhouse gasses emissions are augmenting the market.

On the other hand, volatile economic conditions in several parts of the world are hampering the growth of the market. However, the rising awareness regarding environment conservation is anticipated to promote the adoption of specialty polyamides across different end-user industries over the coming years.

Global Specialty Polyamides Market: Region-wise Segmentation

The key segments meticulously studied in the research report are Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific will be a prominent market throughout the forecast period. The robust growth of the end-user industries such as automotive, electronics and semiconductors, and consumer goods is driving the demand for specialty polyamides in the region. The improving economic conditions in emerging countries is also fuelling the growth of the region.

Countries such as Korea, Japan, China, and Taiwan are likely to be the major contributors to the growth of the region. Owing to the aforementioned factors, the region is expected to register a healthy growth during the same span. In Rest of the World region, countries including Argentina, Colombia, and Brazil will be sights of high growth rate during the review period.

Global Specialty Polyamides Market: Competitive Landscape

Key players in the global specialty polyamides market are allocating sizeable funds in the research and development of superior products with high quality and extended durability in order to expand their presence in the market. Manufacturers are focusing towards developing innovative and customized products that are in line with customer requirements. Some of the prominent companies operating in the market are Solvay S.A., Radici Group, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, and INVISTA.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?