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Growing demand for polyamides from the automotive industry is the most significant factor estimated to stimulate market demand.<br>Market Size u2013 USD 27.29 billion in 2018, Market Growth - CAGR of 4.3%, Market Trends u2013 Increase in the level of disposable income
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Polyamide Market To Reach USD 38.30 Billion By 2026 www.reportsanddata.com sales@reportsanddata.com
Market Summary The global polyamide market is expected to reach USD 38.30 Billion by 2026, according to a new report by Reports and Data. Polyamide is a kind of polymer that contains recurring amide groups as an integral part of the main polymer chain and is one of the most widely used engineering thermoplastic materials. Market Size – USD 27.29 billion in 2018, Market Growth - CAGR of 4.3%, Market Trends – Increase in the level of disposable income
Our Approach Market Summary Growing demand for polyamides from the automotive industry is the most significant factor estimated to drive the market demand in the forecast period. Application of polyamides in an automotive range from structural and decorative components of the vehicle to the electronic components as these materials are used as a substitute for metals to reduce system costs and incorporate lighter components to increase fuel efficiency with reduced emissions. According to research, a 10% reduction in the weight of an automobile can result in a 6%-8% improvement in fuel efficiency. Key participants include BASF SE, Honeywell International Inc., Koch Industries, Huntsman Corp., Du Pont, DSM N.V., Lanxess AG, Evonik Industries AG, Solvay AG, and RadiciGroup, among others. To Request for a PDF Sample, Click Here @ https://www.reportsanddata.com/sample-enquiry-form/1521
Our Approach Market Summary Further key findings from the report suggest PA 6 held the largest market share in 2018 and is expected to maintain its market leadership with a growth rate of 4.4% in the forecast period attributed to the increasing demand from automotive, electrical and textile industries owing to the high tensile strength and also inhibit good elasticity and chemical resistance. Polyamide fibers & films dominated the market, with over 50% of the market share in 2018 and are expected to grow at a rate of 4.4% in the period 2019-2026. By end user, the Industrial sector is projected to witness a GAGR of 4.5% in the forecast period. The electrical and electronics segment generated a revenue of USD 3.65 Billion in 2017 and is expected to grow at a rate of 4.1% during the forecast period…Continued
Our Approach Market Summary Product Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026) PA 6 PA 66 Bio-Based Polyamides Others Applications Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026) Polyamide Fibers & Films Engineering Plastics Polyamide Adhesives Do you have questions about the Report or want to inquire about a Discount? Ask our Expert @ https://www.reportsanddata.com/discount-enquiry-form/1521
Our Approach Market Summary End User Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026) Automotive Electrical & Electronics Aerospace & Defense Textile Films & Coatings Sports & Leisure Industrial Others Browse the comprehensive TOC and data tables @ https://www.reportsanddata.com/report-detail/polyamide-market
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