The transparent polyamides market is expected to reach USD 29.89 Billion by 2028 at a CAGR of 3.10% during the forecast period 2021-2028.
Transparent Polyamides Market Overview
The transparent polyamides market is expected to grow from USD 22.33 billion in 2019 to USD 29.89 Billion by 2028 at a CAGR of 3.10% during the forecast period 2021-2028. This growth is majorly due to the increasing demand for automotive and industrial departments in the market. The growth factor of the Transparent Polyamides market can be associated with the development and emergence of electronics by the strength and stiffness of the industry.
The major key factor for driving the Transparent Polyamides Market is due to the increasing number of transportation and consumers all over the world. Due to the disposable income of the maximum number of growing retailers and the producers, the construction activity has also been increasing and creating a good scope in the Transparent Polyamides Market. Apart from this, the growth in the coatings and electronics departments drives most of the population toward the market. The cost-effective and high proficient output is what runs the low-cost production and good output factors. Apart from this, the raw properties of the compound make it ideally the best choice for the electrical and electronic departments.
Global Transparent Polyamide Market Share, by End-Use Industry, 2018 (%)
Source: MRFR Analysis
The global transparent polyamide market has been segmented into five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2018, Asia-Pacific held the largest share of the global market on account of the growing automotive and electrical & electronics industries in the region. The automotive industry in the emerging economies of China, India, and Thailand are expected to be the major consumers of the transparent polyamides in the regional market in the years to follow. The consumer goods industry in the region is on a continuous rise in the past few years owing to the changing consumer preferences and increase in per-capita expenditure of the individuals in the developing economies in the region.
North America is expected to be the second-largest regional market, which is primarily attributed to the expanding healthcare and automotive industries in the region. The large-scale use of transparent polyamides in the manufacturing of automobile parts is expected to be the key factor favoring the regional market growth.
The global transparent polyamides market has been segmented on the basis of type, end-use industry, and region.
Based on type, the global transparent polyamides market has been classified into polyamide 6, polyamide 66, polyamide 12, bio-based polyamide, and others.
By end-use industry, the global transparent polyamide market has been divided into automotive, electrical & electronics, healthcare, consumer goods, packaging, sports & leisure, and others.
The global transparent polyamide market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.Recent Development
In February 2018,
One of the marketing firms, Evonik Industries, launched production for itself by collaborating with VESTOSINT®, which had 12 powders of special polyamide (PA 12). This was done and executed in a production site and location of Marl Chemical Park. The firm's major advantage was linking the high-performance powders with the 3D printing market.
Similar growth was seen by one of the start-up firms BASF SE, which enabled the collaboration of small-scale start-ups with small location-based areas that let the manufacturers produce a specific sort of high-performance and quality-based outputs.
|Market Size||2028: USD 29.89 Billion|
|Forecast Period||2022 to 2028|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Evonik Industries AG (Germany),EMS-CHEMIE HOLDING AG (Switzerland),BASF SE (Germany),Arkema (France),DSM Engineering Plastics BV (the Netherlands),GEHR Plastics Inc (US),DuPont de Nemours Inc (US),LANXESS (Germany),Solvay (Belgium),INVISTA (US)|
|Key Market Opportunities||The expanding automotive industry in Asia-Pacific and the Middle East & Africa and increasing use of lightweight polymers|
|Key Market Drivers||Increasing demand for the product in the consumer goods industry owing to the high transparency, high flexural fatigue strength, dimensional stability and dynamic strength|
transparent polyamides market is valued to reach USD 29.89 Billion by 2028.
The transparent polyamides market is expected to exhibit a CAGR of 3.10% from 2021 to 2028.
Massive demand of high-performance polymers is the major driver of the global transparent polyamides market.
Availability of hybrids and composites can hamper the global transparent polyamides market growth.
APAC dominated the global transparent polyamides market due to heavy demand for polymers from electrical & electronics and automotive industries.
Solvay, DSM Engineering Plastics BV, GEHR Plastics Inc, BASF SE, LANXESS, Arkema, DuPont de Nemours Inc, EMS-CHEMIE HOLDING AG, INVISTA, and Evonik Industries AG are notable players of the global transparent polyamides market.