Global Polyamide 12 Market Research Report Forecast to 2024
SKU ID :MRF-14100737 | Published Date: 01-Sep-2019 | No. of pages: 157Description
Global Polyamide 12 Market: Information by Type (General Grade, Reinforced, Plasticized and others), Application (Automotive, Consumer Goods, Oil & Gas, Industrial Coating, Electricals & Electronics and others) and Region - Forecast till 2023
Generally, Polyamide 12 is one of the utmost extensively used polymers in the automotive industry due to its greater possessions such as lightweight, scratch proof, chemical confrontation, high elongation, excellent impact forte even at very low temperatures, battle to cracking under stress and noise & tremor dampening property, among others. Polyamide 12 (also called as Nylon 12) is a thermoplastic polymer with the formula [(CH2)11C(O)NH]n. It is made from either ω-aminolauric acid or laurolactam, each having 12 carbon atoms, therefore the name polyamide 12. It shows larger presentation features such as outstanding influence strength (even at extremely low temperatures), lower dampness preoccupation, lesser melting point, resistance to cracking under stress, superior abrasion resistance, excellent chemical resistance, higher elongation, lightweight, and noise & vibration dampening properties as compared to other polyamides. It is available in numerous grades, viz overall grade, reinforced grade, plasticized grade, and others. It has it’s application in automobiles, consumer goods, oil & gas, industrial coatings, electricals & electronics, and others. Besides, polyamide 12 is also used in the industrial use of the electricals & electronics systems, interior trim, gears & bearings, and other structural internal and external component of automobiles. The use of polyamide 12 in the automotive industry is probable to lengthily upsurge during the said period. The increasing automotive business owing to the upsurge in the sale and manufacture of hybrid & electric vehicles is expected to boost the demand for polyamide 12 in the coming years. Most of the demand is likely in the speed-growing Chinese automotive industry. The important issue driving the progress of the global polyamide 12 market is its increasing demand in the automotive industry. The mounting adoption of polyamide 12 for manufacturing various consumer goods is also donating to global market growth. Also, the change near the use of bio-based products is predictable to generate well-paid occasions for the troupes working in the global polyamide 12 market during this given period and upcoming years.
The Global Polyamide 12 Market is segmented based on, application by type and region. Based on application, the automotive part settled for the major market share by worth and capacity in year 2018 to its essential role in the industrial of convinced automobile machineries on justification of its higher possessions. The section was appreciated at around USD 392.6 million in year 2018. In February 2019, company- Evonik has built a new manufacturing compound worth USD 448 million to harvest high-presentation polyamide 12, which is predictable to upsurge the business’s complete manufacturing volume for polyamide 12 by 50%. This manufacturing ability is probable to develop working in 2021. This phase has been introduced to encounter the tall demand for polyamide 12 in the automotive, oil & gas, and 3D printing industries respectively. By type, the armor-plated section settled for the prime market share by value and capacity in 2018 owing to its moderately significant ingesting across numerous industry verticals and high price. Besides, the rising use of carbon-fiber-reinforced polyamide 12 in the aerospace industry and automotive is probable to increase the section’s evolution during the period. The slice is predictable to best a CAGR of over 5% during the said forecast period. In September 2018, EMS-Chemie presented an innovative product under the brand name Grilamid 50, which is adding to the current range of Grilamid TR, amorphous polyamides, and a bisphenol A-free replacement for polycarbonate too. It is also widely used in the manufacturing of multilayer pipes such as fuel lines, pneumatic brake lines, and hydraulic lines by the builders of automobiles universally. In reply to the rising consciousness concerning situation security, automobile builders are engineering multilayer fuel pipe schemes that evade halogen-containing polymers in courtesy of nylon-clay hybrid (NCH) materials, which act as a fence in vapor releases.
Geographically the Global Polyamide 12 Market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. The region of Europe seized the next-largest market share of around 28% in 2018 due to the increasing motorized manufacturing in the region. Germany apprehended the principal market share by worth in year 2018 and is expected to display the uppermost CAGR of more than 5% during the said period. As global polyamide 12 market has been separated based on region into Asia-Pacific, Europe, North America, Latin America and the Middle East & Africa it has a global presence. Asia-Pacific detained the major market share of around 38% in 2018, owing to the quick trade progress in the areas. The provincial market is probable to record the maximum CAGR of more than 5% during the period. China settled for the prime market share by nations in year 2018 and is likely to record a peak CAGR of over 6% during the forecast period. Japan was the second-major market in 2018, though, is projected to cultivate at a CAGR of over 4%. The Indian market is anticipated to parade a CAGR of around and over 6% during the said period.
The proposed spectators in the Global Polyamide 12 Market are Polyamide 12 Manufacturers/Dealers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Polyamide 12 Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Polyamide 12 Market are companies like DowDuPont (US), Arkema SA (France), Evonik Industries AG (Germany), EMS-Chemie Holding AG (Switzerland), RTP Company (US), Merck KGaA (Germany), Arkema SA (France), and Ube Industries, Ltd. (Japan), Ensinger (Germany), Formulated Polymers Limited (India) and Toray Industries, Inc (Japan).
Market analysis
Generally, Polyamide 12 is one of the utmost extensively used polymers in the automotive industry due to its greater possessions such as lightweight, scratch proof, chemical confrontation, high elongation, excellent impact forte even at very low temperatures, battle to cracking under stress and noise & tremor dampening property, among others. Polyamide 12 (also called as Nylon 12) is a thermoplastic polymer with the formula [(CH2)11C(O)NH]n. It is made from either ω-aminolauric acid or laurolactam, each having 12 carbon atoms, therefore the name polyamide 12. It shows larger presentation features such as outstanding influence strength (even at extremely low temperatures), lower dampness preoccupation, lesser melting point, resistance to cracking under stress, superior abrasion resistance, excellent chemical resistance, higher elongation, lightweight, and noise & vibration dampening properties as compared to other polyamides. It is available in numerous grades, viz overall grade, reinforced grade, plasticized grade, and others. It has it’s application in automobiles, consumer goods, oil & gas, industrial coatings, electricals & electronics, and others. Besides, polyamide 12 is also used in the industrial use of the electricals & electronics systems, interior trim, gears & bearings, and other structural internal and external component of automobiles. The use of polyamide 12 in the automotive industry is probable to lengthily upsurge during the said period. The increasing automotive business owing to the upsurge in the sale and manufacture of hybrid & electric vehicles is expected to boost the demand for polyamide 12 in the coming years. Most of the demand is likely in the speed-growing Chinese automotive industry. The important issue driving the progress of the global polyamide 12 market is its increasing demand in the automotive industry. The mounting adoption of polyamide 12 for manufacturing various consumer goods is also donating to global market growth. Also, the change near the use of bio-based products is predictable to generate well-paid occasions for the troupes working in the global polyamide 12 market during this given period and upcoming years.
Market segmentation
The Global Polyamide 12 Market is segmented based on, application by type and region. Based on application, the automotive part settled for the major market share by worth and capacity in year 2018 to its essential role in the industrial of convinced automobile machineries on justification of its higher possessions. The section was appreciated at around USD 392.6 million in year 2018. In February 2019, company- Evonik has built a new manufacturing compound worth USD 448 million to harvest high-presentation polyamide 12, which is predictable to upsurge the business’s complete manufacturing volume for polyamide 12 by 50%. This manufacturing ability is probable to develop working in 2021. This phase has been introduced to encounter the tall demand for polyamide 12 in the automotive, oil & gas, and 3D printing industries respectively. By type, the armor-plated section settled for the prime market share by value and capacity in 2018 owing to its moderately significant ingesting across numerous industry verticals and high price. Besides, the rising use of carbon-fiber-reinforced polyamide 12 in the aerospace industry and automotive is probable to increase the section’s evolution during the period. The slice is predictable to best a CAGR of over 5% during the said forecast period. In September 2018, EMS-Chemie presented an innovative product under the brand name Grilamid 50, which is adding to the current range of Grilamid TR, amorphous polyamides, and a bisphenol A-free replacement for polycarbonate too. It is also widely used in the manufacturing of multilayer pipes such as fuel lines, pneumatic brake lines, and hydraulic lines by the builders of automobiles universally. In reply to the rising consciousness concerning situation security, automobile builders are engineering multilayer fuel pipe schemes that evade halogen-containing polymers in courtesy of nylon-clay hybrid (NCH) materials, which act as a fence in vapor releases.
Regional analysis
Geographically the Global Polyamide 12 Market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. The region of Europe seized the next-largest market share of around 28% in 2018 due to the increasing motorized manufacturing in the region. Germany apprehended the principal market share by worth in year 2018 and is expected to display the uppermost CAGR of more than 5% during the said period. As global polyamide 12 market has been separated based on region into Asia-Pacific, Europe, North America, Latin America and the Middle East & Africa it has a global presence. Asia-Pacific detained the major market share of around 38% in 2018, owing to the quick trade progress in the areas. The provincial market is probable to record the maximum CAGR of more than 5% during the period. China settled for the prime market share by nations in year 2018 and is likely to record a peak CAGR of over 6% during the forecast period. Japan was the second-major market in 2018, though, is projected to cultivate at a CAGR of over 4%. The Indian market is anticipated to parade a CAGR of around and over 6% during the said period.
Major players
The proposed spectators in the Global Polyamide 12 Market are Polyamide 12 Manufacturers/Dealers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Polyamide 12 Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Polyamide 12 Market are companies like DowDuPont (US), Arkema SA (France), Evonik Industries AG (Germany), EMS-Chemie Holding AG (Switzerland), RTP Company (US), Merck KGaA (Germany), Arkema SA (France), and Ube Industries, Ltd. (Japan), Ensinger (Germany), Formulated Polymers Limited (India) and Toray Industries, Inc (Japan).
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