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(USGovernment-News.Com, October 26, 2018 ) The global specialty polyamides market is expected to grow from USD 2.15 billion in 2017 to USD 3.60 billion by 2026, at a CAGR of 5.9% during the forecast period according to a study published by Polaris Market Research.
Increasing demand for specialty polyamides from its end-use industries has resulted in increasing production 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 specialty polyamides market including 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.
Asia Pacific Specialty Polyamides Market has been the largest producer from the past decade and China is the largest producer catering to almost over 50% of the global demand. Import from the European countries has decreased and is compensated by the increase in domestic production in China satisfying the rising demand. The Chinese exports of specialty polyamides are focused mainly on the Asian markets, while export to the Europe faces difficulties owing to high product quality standards. In contrast to this fact, it s the Asia Pacific region where most of the new R&D facilities have been opened for innovative product modification concerned for several end-use segments such as electronics. Apart from the domestic Specialty Polyamides Market participants several other foreign multinationals have intensified their specialty polyamide activities in China. Some of these companies include DSM, BASF, Solvay and DuPont have started their new plants in Shanghai and Lanxess in Wuxi and Hongkong. Close manufacturing operations with the Chinese customers is anticipated to be a better solution in order to understand the local and the regional markets and accordingly adjust the production patters for the world’s largest market.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Specialty Polyamides Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Competitive Landscape and Key Vendors
The North America, mainly U.S. Specialty Polyamides Market is the second largest producer globally, but the country’s annual production is significantly lower compared to that of China i.e. 571 thousand tons, followed by Taiwan 358 thousand tons, and fourth is the Western European countries that accounted for 252 thousand tons.
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.
About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
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