High Performance Polyamides Market

High Performance Polyamides Market Global Industry Insights, Trends,
Outlook, 2016-2024
High performance polyamides (HPPA) have the ability to withstand extreme
conditions such as heavy moisture, continuous exposure to heat and chemicals. Also,
HPPA’s offer improved dimensional stability as compared to conventional polyamides
such as PA 6 and PA66, owing to the low moisture absorption property. Gradually
bridging the performance and cost gap between the engineering polyamides and
other high performance polymers, HPPAs find extensive use in electronics,
automobiles, medical and various other demanding applications. Coherent Market
Insights projected the market for high performance polyamides to grow at a healthy
rate over the forecast period (2016-2024).
The global high performance polyamides market is driven by the escalating demand
for high performance polyamides in the pharmaceuticals industry, due to its
exceptional properties such as high chemical resistance, rigidity, impact resistance,
high temperature resistance, impermeability, light weight and high tensile strength.
The automotive industry is witnessing increasing demand for HPPA as a result of
increasing lightweighting of vehicles characterized by rapid shift towards lighter
non-metal components. Furthermore, demand for specialty polyamides is spurred by
development of unconventional oil & gas technologies. However, difficulty in
processing of HPPAs along with factors such as high cost of HPPA’s as compared to
other conventional polymers and high threat of substitution from composites and
hybrid polymers are expected to hamper market growth in the near future.
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Among all the available types of high performance polyamides, the PA 11 type
accounted for the largest share of the market in 2015 and the trend is expected to
continue over the forecast period, owing to its cost-effectiveness and easy availability.
Moreover, PA 11 finds a variety of applications in automotive, sports, oil & gas, and
textile industry. Among end-user industries, the automotive segment accounted for
the major share of the global high performance polyamides market in 2015, owing to
the rising adoption of these polyamides in coolant systems, engine components,
induction systems, and manufacturing of fuel systems. However, the pharmaceuticals
industry is projected to witness fastest growth in the global market over the forecast
period due to the rising adoption of HPPAs in various applications.
High Performance Polyamides Market Outlook- Asia-Pacific is expected to be
the top investment destination for key market players
Region-wise, the global high performance polyamides market is classified into North
America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific region currently
dominates the global high performance polyamides industry, both in terms of value
and volume, owing to the growing demand from various end-user industries such as
pharmaceuticals, automotive, and electrical & electronics from countries such as
China and India. Also, the large presence of major manufacturers in the region drives
growth of the market for high performance polyamides in the Asia-Pacific region.
The key players identified in the global high performance polyamides market are
BASF SE, Kuraray Co., Ltd., Royal DSM N.V., Evonik Industries AG, E.I. DuPont de
Nemours and Company, Solvay S.A., SABIC, Arkema SA, Lanxess AG, EMS Grivory
and Mitsui Chemicals. Others players present in the market are EMS-Chemie Holding
AG, Mitsubishi Gas Chemical Company, Inc., Toyobo Co., Ltd., Zhejiang NHU Co.,
Ltd., and Ube Industries, Ltd.
Key players in the global high performance polyamides market are currently focused
on strategic investments and expansion strategies to enhance their production
capabilities. For instance, in September 2016, Arkema SA expanded its existing
specialty polyamides production capacity in China and U.S., through an investment of
US$ 10.6 million. Furthermore, in February 2016, Evonik Industries AG announced
plans to build a new plant in Germany for production of polyamide 12 powder under
the brand name Vestosint.
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High Performance Polyamides Market report categorizes global market by product type, and end user industries - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024

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