New York City, 09 February 2019: The global Specialty Polyamides Market is
anticipated to reach USD 3.60 billion by 2026 according to a new study
published by Polaris Market Research.
Specialty
polyamides are among the emerging product categories of the well-established
and mature polyamide market. Increasing demand from its end-use industries has
resulted in increasing production of these products and it is expected to
increase further in the near future. In the near future, more and more
specialty polyamide resins based on several polyamides are anticipated to form
an integrated part of several individual technological solutions. These are
tough, hard and rigid materials that have high impact abrasion and resistance
to wear and tear makes it suitable for its application in the manufacturing of
construction materials. The major companies in the industry space such as
EMS-Chemie AG, BASF SE and DuPont mainly focus on their operational activities
in a specific field not only, as before, on large-tonnage customers.
The industry participants’ current operational strategies include their attention towards manufacturing new assortments mainly for the smaller enterprises that are in need for highly specialized products which were previously not accessible to them. These types of companies were normally served by smaller polyamide suppliers. Manufacture and addition of specialty polyamides for specific industrial application are not enough to bring success to the Specialty Polyamides Market. This is due to the fact that high quality products should be accompanies by broad extensive technical support given to the customers by the manufacturers.
Engineering
plastics is one of the leading application segments of Specialty Polyamides
Market. PA66 and PA6 are the most demanded polyamide resins in the present
industry scenario. Its major producers of PA6 include DSM Engineering Plastics
BV, BASF SE and Lanxess AG. PA66 is manufactured mainly by Solvay, DuPont and
BASF SE. Automotive industry has been the major consumers of polymer resins
compared to the others, with its yearly demand increasing at a significant
rate. Electronics/electrical brunch are anticipated to be a yet another rapidly
growing segment for the upcoming period. Application of specialty polyamide
films dominates in the consumption pattern of the packaging segment that is used
as components of multilayer packaging materials.
Competitive
Landscape and Key Vendors:
Asia Pacific
region has the highest number of polyamide producers mainly in China. In the
past 25 years, manufacturer number has grown exponentially, which is due to the
growth of the country’s manufacturing industry from where the demand for these
products comes from. Europe Specialty Polyamides Market is yet another
potential industry space for future expansion.
Some of the
leading industry participants in the Specialty Polyamides Market include Asahi
Kasei Corporation, Ascend Performance Materials LLC, Arkema S.A., DuPont, BASF
SE, Formosa Chemicals & Fibre (FCFC), Honeywell International Inc., Grupa
Azoty SA, Huntsman Corporation, Invista, Honeywell International Inc., Koch
Industries Inc., LANXESS AG, Lealea Group, Li Heng Chemical Fibre Technologies
Limited, Nylstar SA, Radici Group, Li Peng Enterprise Co. Ltd., Rhodia SA Royal
DSM NV, Shenma Industrial Co. Ltd, Solvay SA, and Ube Industries Ltd.
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