Specialty polyamide Market Market Analysis 2018, Major Key Players Reviews – AG, BASF SE, Arekma SA, Asahi Kasei Corporation, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company and Radici Group

Market Overview:

The global specialty polyamide market has been estimated to register a significant growth on account of increasing demand from the transportation sector on the backdrop of expanding global trade and consumer goods. The primary factors driving growth of the market are the rising use of the light weight vehicles, growing demand for light weight, heat resistant and durable coating material in numerous industrial applications. The global automotive market is estimated to grow at higher CAGR to reach over USD 90 billion revenue in 2017. The production and use of light weight cars and other automotive, as projected by Morgan Stanley analysts, is set to rise to 2.9 percent of 99 million new vehicles in 2020 and to 9.4 percent of 102 million new vehicles in 2025, from 1.1 percent of 86.5 million this year. This is projected to boost demand for the specialty polyamide in manufacturing light yet durable parts for an automotive. Additionally, there is growing demand for the demand for organic materials which is expected to rise globally due to the rising prices of petrochemical-based raw materials. Bio-based polyamides are a high-quality alternative to substitute petro-based materials. They can be used in automotive, electronics, and consumer goods applications. As a result, it has been projected that in future the demand of specialty polyamide may surge manifolds. Moreover, surging demand for and use of consumer goods and electronic devices is expected to further boost growth of the market.

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Key Players:

The key players in market includes :Evonik Industries AG, BASF SE, Arekma SA, Asahi Kasei Corporation, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, LG Chem, Ltd., Solvay S.A., INVISTA S.à r.l., and Radici Group.

Regional Analysis:
APAC will be the ruling market for global specialty polyamide. With rise in development of emerging economies can cause countries like China, India, and Brazil to contribute more amount of share in this market.

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Europe and Row are the growing market for global specialty polyamide market and are expected to grow at CAGR of Significant respectively from 2016 to 2022.

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