According to a market report by Lucintel, the future of the specialty polyamide market looks promising with opportunities in automotive & transportation, electrical & electronic, consumer good & retail, energy, and industrial coating applications. The global specialty polyamide market is expected to reach an estimated $4.2 billion by 2028 with a CAGR of 5.7% from 2023 to 2028. The major drivers for this market are the rising preference for lightweight vehicles, growing use of polyamide as a substitute of silk and cotton in the textile industry, and augmenting demand for specialty polyamide in various end use industries.
Long chain specialty polyamide, high-temperature specialty polyamide, and MXD6/PARA are the major segments of specialty polyamide market by product. Lucintel forecasts that high-temperature specialty polyamide will remain the largest product segment over the forecast period due to the expanding use of crystalline polyamides in automotive, aerospace, medical, and electronics industries owing to its mechanical and thermal characteristics.
Within this market, automotive & transportation is expected to remain the largest application segment due to the growing use of specialty polyamide in manufacturing lightweight vehicles for its excellent mix of durability, mechanical strength, design adaptability, and thermal resistance properties.
APAC will remain the largest region due to expansion of the automotive industry and the presence of affordable raw materials and labor in the region.
Evonik Industries, Arkema, BASF SE, DowDuPont, and Koninklijke DSM are the major suppliers in the global specialty polyamide market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global specialty polyamide market by product, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Specialty Polyamide Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global specialty polyamide market by product, application, and region, as follows:
Specialty Polyamide Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
Long Chain Specialty Polyamide
High-Temperature Specialty Polyamide
MXD6/PARA
Specialty Polyamide Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Automotive & Transportation
Electrical & Electronics
Consumer Goods & Retail
Energy
Industrial Coatings
Others
Specialty Polyamide Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global specialty polyamide market by product (long chain specialty polyamide, high-temperature specialty polyamide, and MXD6/PARA), application (automotive & transportation, electrical & electronics, consumer goods & retail, energy, industrial coating, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?