Polyamide Precursors Market Strategic Assessment, Growth Analysis and Research Outlook 2021-2026| Asahi Kasei Corporation, Ascend Performance Materials

The Polyamide Precursors Market research report added by MarketInsightsReports is an in-depth analysis of the latest trends, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market introduction, Polyamide Precursors Market definition, regional market scope, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Polyamide Precursors Market size forecast, 100+ market data, Tables, Pie Chart, Graphs and Figures, and many more for business intelligence. This research report also provides post COVID-19 impact analysis of the Polyamide Precursors industry.

The Polyamide Precursors Market is expected to register a CAGR of around 4%, during the forecast period 2021 to 2026.

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Top Companies in the Global Polyamide Precursors Market: –
Asahi Kasei Corporation, Ascend Performance Materials, BASF SE, DuPont, Evon-ik Industries AG, Huafon Group Co.,Ltd, Invista, Lanxess AG, Solvay, Toray Industries, Inc

Regional Analysis:
Furthermore, to broaden the understanding, researchers have studied the global Polyamide Precursors market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Polyamide Precursors Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

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Key Market Trends

Growing Demand from Automobile and Textile Industries

- Adipic Acid (ADA), Caprolactam (CPL), Hexamethylenediamine (HMDA) are a few types of polyamide precursors that are being used for many applications. Polyamide precursors are used for producing nylon derivatives such as nylon 6 and nylon 66 (Nylon is a synthetic polymer called a polyamide).

- A high amount of hexamethylenediamine is consumed for the manufacturing of nylon 66. The adoption of nylon 66 can be seen in the automotive, textiles, and packaging sectors.

- The main focus of automobiles in recent times is to reduce vehicle weight for greater fuel efficiency and lower emissions. This is likely to raise the demand for lightweight composite nylon resins in automotive applications for under-the-hood components and interior body parts.

- Nylon 6 fibers are wrinkle-proof and highly resistant to abrasion and chemicals, such as acids and alkalis. Few applications of these fibers include sportswear, swimwear, hosiery, and fashion wear. They have a great stretch fit properties when combined with spandex fibers.

- Recently, the outbreak of COVID-19 in all regions is expected to decrease the demand for polyamide precursors due to contraction in automotive and other end-user industries, in the short term.

Asia-Pacific Region to Dominate the Market in the Coming Years

- Asia-Pacific is expected to dominate the global market owing to the highly developed automobile sector in China, Korea, Japan, and India, coupled with the continuous investments done in the region to advance the textile and electronics sectors through the years.

- Electronics Industry is one the consumer of polyamide precursors for various applications. ADA is being used in smartphones, OLED TVs, tablets, etc., and is projected to have the highest growth in the market due to the growing consumer electronics segment.

- Technical fibers are the fastest-growing segment in the Asia-Pacific region due to their applications. Sport, and Medical, sectors are witnessing high demand for these materials owing to the advancements in these sectors in Asia-Pacific.

- According to the National Bureau of Statistics of China, the export volumes of carpets from China increased from 457.25 million square meters to 635.28 million square meters from 2009-2018. However, the growth rate declined slightly in 2019, in turn impacting the demand for caprolactam in the country.

- Growth in the electrical and electronics and textile sectors in the Asia-Pacific region are expected to drive the market for polyamide precursors through the years to come.

Following are major Table of Content of Polyamide Precursors Industry:

Polyamide Precursors Market Sales Overview.
Polyamide Precursors Market Sales Competition by Manufacturers.
Polyamide Precursors Market Sales Analysis by Region.
Polyamide Precursors Market Sales Analysis by Type.
Polyamide Precursors Market Analysis by Application.
Polyamide Precursors Market -Manufacturers Analysis.

Reasons to Invest:

Market Size Forecasts: The authors of the report have provided accurate estimation of the global Polyamide Precursors market size based on value and volume
Market Trend Analysis: This section of the report throws light on the approaching trends and developments in the global Polyamide Precursors market
Future Prospects: The report here offers crucial information on the rewarding opportunities in the global Polyamide Precursors market

Polyamide Precursors market report allows an understanding of the market and benefits from any lucrative opportunities that are available. Researchers have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. There is a detailed analysis of the change in customer requirements, customer preferences and the vendor landscape of the overall market.

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