Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Polyamide PA (12) elastomers also called as Nylon 12 is a block copolymer consisting of polyamide and polyether segments. This polymer become more flexible, with higher impact strength at cold temperatures. Among the polyamides, polyamide 12 has the lowest water absorption and therefore features particularly high dimensional stability and little influence of moisture on the mechanical properties. It is made from laurolactam monomers that each has 12 carbons. The demand for polyamide has increased in recent time due to the durability or reliability of the material. It also has lower impact resistance and fairly better UV resistance. These properties are vital for applications in extreme conditions
The market value of polyamide 12 is growing rapidly, propelled by the industrialization and urbanization of emerging economies coupled with rising demand from automotive industry and increasing use of polyamide 12 in 3D printing. Moreover, innovation and increasing demand for bio-based polymers is further anticipated to boost the global polyamide 12 market. However, excessive cost of polyamides as compared to other commercially available polyamide and easy availability of substitute product is anticipated to hamper the growth of the market during the forecast period.
Global polyamide 12 market report is segmented into, end user and geography.
The global polyamide 12 based on application is segmented into transportation, electronics & electrical, consumer goods & sports, industrial application and others. Other applications include medical and other industrial application. The transportation segment in terms of value accounted for highest market share 46 % and is anticipated to maintain its dominance over the forecast period, followed by electronics and electricals and consumer goods and sports. The transportation segment is estimated to witness high growth owing to the rising supply base and increasing demand of polyamide 12 in the production of specialized parts.
Based on Geography, the global polyamide 12 market is segmented into North America, Europe, Asia Pacific and rest of the world regions, which include Latin America and Middle East & Africa. Asia pacific dominated the global polyamide 12 market and accounted for 35% of the global market share. Increasing demand from the rising industrialization, urbanization and higher rate of consumption of polyamide 12 are the factors fuelling the demand of polyamide 12 in Asia Pacific. Growing application in the automobile industry and consumer electronic segment further boosts the market.
Some of the major players operating in the polyamide 12 market include EMS Chemie Holding AG, EOS Group, SABIC., Evonik Industries AG, Arkema S.A and UBE Industries Ltd. The global Polyamide (PA 12) market is highly competitive due to limited number of manufacturers across the globe. However, the market is also characterized by the presence of a large number of small regional vendors. The PA 12 market is dominated by limited key vendors compete against each other based on factors such new product developments and prices. However, many key vendors e.g. Evonik and Arkema focus on developing the PA 12 product portfolio to expand their business globally.
Polyamide 12 is a semi-crystalline thermoplastic derived from petroleum and renewable sources. It is also known as Nylon 12 is made from laurolactam monomers that each has 12 carbons. Feasible properties of PA 12 such as toughness, easy machinability, good electrical insulation, and sliding properties make it a preferred material for various applications. Polyamide 12 is commercially available and has a broad range of application as polyamide additives. It offers an excellent balance of properties and is the strongest of the nylons. The polyamide 12 market is primarily driven by rising demand from the automotive industry in developed and developing countries. The major factor that restrain the growth of the market is the excessive cost associated with the polyamide and limited supply all over the world. The global polyamide 12 based on application is segmented into transportation, electronics & electrical, consumer goods & sports, industrial application and others. Other applications include medical and other industrial application. The transportation segment in terms of value accounted for highest market share 46% and is anticipated to maintain its dominance over the forecast period, followed by electronics and electricals and consumer goods and sports Based on Geography, the global polyamide 12 market is segmented into North America, Europe, Asia Pacific and rest of the world regions, which include Latin America and Middle East & Africa. Asia pacific dominated the global polyamide 12 market and accounted for 35% of the global market share. Some of the major players operating in the polyamide 12 market include EMS Chemie Holding AG, EOS Group, SABIC., Evonik Industries AG, Arkema S.A and UBE Industries Ltd. The global Polyamide (PA 12) market is highly competitive due to limited number of manufacturers across the globe.
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