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.
High Performance Polyamides: Market Taxonomy
By Product Type
On the basis of product type, the global market is segmented into:
By End-user Industry
On the basis of end-user industry, the global ]market is segregated into:
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.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized email@example.com
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.