According to
a new market report published by Lucintel, the future of polyamide resin in the
global composites industry looks good with opportunities in the industries of
transportation, consumer goods, and electrical/electronics. The polyamide resin market in the global composites
industry is expected to reach an
estimated $6.4 billion by 2021 and it is
forecast to grow at a CAGR of 5.4%
from 2016 to 2021. The major drivers
for the growth of this market are growing demand for thermoplastics with
high thermal stability in under-hood applications and increasing focus of
automotive OEMs to reduce weight without compromising vehicle performance.
In this market, transportation, consumer goods, and
electrical/electronics are the major end use application. On the basis of comprehensive research,
Lucintel forecasts that the transportation segment is expected to show above
average growth during the forecast period of 2016 to 2021.
Within the polyamide resin in the global
composites industry, the transportation segment is expected to remain the
largest application by value and volume. Expected increase in global automotive
production and increasing demand for high temperature thermoplastics in
under-hood applications are the major driving forces that spur growth for this
segment over the forecast period.
By product
form, short fiber reinforced thermoplastic (SFT) is expected to remain the
largest market for polyamide resin consumption due to its demand for small and complex
shaped components in the different end use industries.
The Rest of
the World (including Asia Pacific) is expected to remain the largest market for
polyamide resin consumption for composite applications.
The Rest of
the World (including Asia Pacific) is likely to witness the highest growth rate
during the forecast period due to expected increase in vehicle production and growing
consumer goods and electrical/electronics industry in the region.
For business expansion,
Lucintel’s report suggests innovation and new product development to achieve
higher strength and stiffness, weight reduction, better long term thermal and
heat resistance, and improved aesthetics.
Emerging trends which have a direct impact on the
dynamics of the industry include the increasing use of post-consumer recycled
polyamide resins, increasing use of bio based resins for various applications,
and growing inter-material competition. BASF, DuPont, DSM, Solvay, and LANXESS are
among the major suppliers of polyamide resin in the global composites industry.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the polyamide resin market in the global composites
industry by end use application, product form, PA grade, and region, and has compiled
a comprehensive research report entitled
“Growth
Opportunities for Polyamide Resin in the Global Composites Industry 2016-2021:
Trends, Forecast, and Opportunity Analysis.”
The Lucintel report serves as a springboard for growth strategy by providing comprehensive
data and analysis on trends, key drivers, and directions. The study includes a
forecast for the growth opportunities in the polyamide resin market in the
global composites industry by
end use application, product form, PA grades, and region, as follows:
By end use application [Volume (M lbs) and
Value ($ Million) from 2010 to 2021]:
· Transportation
· Consumer
Goods
· Electrical/Electronics
· Others
By product
form [volume (M lbs) and Value ($ Million) from 2010 to
2021]:
· SFT
· LFT
· CFT
By PA grade [volume
(M lbs) in 2015]:
· PA6
· PA66
· PA46
· PA12
· PA610
· Others
By region [volume
(M lbs) and Value ($ Million) from 2010 to 2021]:
· North America
· Europe
· The Rest of the World (including Asia
Pacific)
This 127-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 helpdesk@lucintel.com. Lucintel offerings
include Advanced
Materials Reports, Composite
Materials Market Report, Capital
Investment Analysis, Strategic
Growth Consulting and Due Diligence.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are some of the most promising, high-growth
opportunities for polyamide resin in composites industry by end use application
(transportation, consumer goods, electrical/electronics, and others), product
form (SFT, LFT, and CFT), and region (North America, Europe, and the Rest of
the World (including Asia Pacific))?
Q. 2. Which products 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 drivers, challenges, and
business risks in this market?
Q.5. What are the business risks and competitive threats in
this market?
Q.6. What are 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 and which
companies are leading these developments?
Q.9. Who are the major players in this market? What
strategic initiatives are being taken by key companies 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 product
substitution?
Q. 11. What M&A activity has occurred in the last 5
years and what has its impact been on the industry?
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