Bio-Polyamide Market Projected to $41,769.5 Million by 2019 - Report by MarketsandMarkets
(PRWEB) December 27, 2014 -- The research report, “Bio-Polyamide Market - Global Trends &Forecasts to 2019”, analyzes the global market with respect to market drivers, opportunities & trends in different regions.
Browse more than 179 market data tables with 46 figures spread through 359 pages and in-depth TOC on "Bio-Polyamide Market".
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The global demand for polyamide is increasing rapidly and replacing many plastics and metals due to their better performance. Polyamide 6 (PA 6) and Polyamide 66 (PA 66) are the two important and dominating types of polyamide. The demand for these polyamides is anticipated to grow due their acceptance in the industry and end-user demand for high performance properties.
The polyamide market is subjugated by respective regional players along with the presence of few global players in the key growth markets. The Asia-Pacific region is the largest market, followed by Europe in the global polyamide industry. Various market players have integrated their value chains so as to reduce the impact of external environment on product economics.
In terms of market activities, expansions were the most preferred development strategy by the players to increase their product portfolio, market share, and geographic reach. A large number of expansions by the key players were seen in 2011, followed by new product launches in 2012.
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BASF is also engaged in manufacturing quality compounding plant for engineering plastics Ultra-mid (polyamide) compounds in Yesan, Chung Nam Province, Korea. Th construction of this new plant is expected to begin by the first half of 2014 and will cater the end-user industry demand by the end of 2015. The company is acknowledged by different end-user companies and associations for their innovative product designs.
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The Bio-Polyamide market research report categorizes the bio-based and specialty polyamide market on the basis of types, applications, precursors, and regions. It also covers all the important applications of polyamide industry, i.e., automotive, film & coating, industrial/machinery, electrical &electronics, consumer goods, appliances, wires &cables, and others. The increase in the demand for durable and light-weight automobiles would drive the demand for polyamide. The present advanced technology and applications boost the top end-products and the consumption of efficient end-user products, thus resulting in an increase in the polyamide market. The growth in demand for automotive, film &coating, and electrical &electronics also results in rise in the demand for durable, lightweight, high performance, recyclable, and cost-effective polyamide.
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