$2.51 Billion High Performance Polyamides (PA 12, PA 11, PA 46, PARA, and PPA) Market 2017 - Global Forecast to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "High Performance Polyamides Market by Type (PA 12, PA 11, PA 46, PARA, and PPA), End-Use Industry (Transportation, Electrical & Electronics, Medical, Industrial), and Region - Global Forecast to 2021" report to their offering.

The global high performance polyamides market size is estimated to reach USD 2.51 billion by 2021, at a CAGR of 7.5%.

Most of the growth is fueled by rising investments in new manufacturing plants for automotive and aerospace development in the country. This growth stems from a rise in demand for manufacturing interior and exterior components in the automotive and aerospace industries due to superior mechanical properties, chemical resistance, and high heat stability of high performance polyamides.

PA 9T is the fastest-growing type segment in terms of both volume and value in the high performance polyamides market. It possesses outstanding thermal stability, mechanical properties, and chemical resistance. These properties make it suitable for a wide range of end-use industry applications such as fuel systems, induction systems, coolant systems, engine components, powertrain, brake systems, pumps and valves, shaft seals, sockets, biotechnology, surgical equipment, and transmission components manufacturing.

Market Dynamics

Drivers

  • Increasing Emphasis on Weight Reduction in Automotive Sector
  • Replacement of Conventional Materials By HPPAS
  • Improving Economic Conditions

Restraints

  • High Cost of HPPAS in Comparison to Other Conventional Materials
  • High Competition From Hybrid Polymers and Composites

Opportunities

  • Emerging Applications of Thermoplastics

Challenges

  • Difficulty in Processing HPPAS

Companies Mentioned

  • Arkema
  • BASF
  • E. I. Dupont De Nemours and Company
  • EMS-Grivory
  • Evonik Industries
  • Kuraray
  • Lanxess
  • Mitsui Chemicals
  • Royal DSM
  • Saudi Arabia Basic Industries Corporation
  • Solvay

For more information about this report visit http://www.researchandmarkets.com/research/g9gstz/high_performance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Engineering Plastics

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Engineering Plastics