Specialty Polyamide Industry Rising Trends, Growing Demand and Business Opportunities 2027
Specialty Polyamide Market Global Information: by Application (Transportation, Energy,
Consumer Goods, Industrial Coatings, Electronics, and Others) and Region Forecast Till 2027
Specialty Polyamides market, Specialty Polyamides industry, Global Specialty Polyamides market
,Specialty Polyamides market research, Specialty Polyamides market growth
Specialty Polyamide Market Analysis
The global specialty polyamide market has been estimated to register a significant growth on
account of increasing demand from the transportation sector on the backdrop of expanding global
trade and consumer goods. The primary factors driving growth of the market are the rising use of
the light weight vehicles, growing demand for light weight, heat resistant and durable coating
material in numerous industrial applications.
The global automotive market is estimated to grow at higher CAGR to reach over USD 90 billion
revenue in 2017. The production and use of light weight cars and other automotive, as projected by
Morgan Stanley analysts, is set to rise to 2.9 percent of 99 million new vehicles in 2020 and to 9.4
percent of 102 million new vehicles in 2025, from 1.1 percent of 86.5 million this year. This is
projected to boost demand for the specialty polyamide in manufacturing light yet durable parts for
Additionally, there is growing demand for the demand for organic materials which is expected to rise
globally due to the rising prices of petrochemical-based raw materials. Bio-based polyamides are a
high-quality alternative to substitute petro-based materials. They can be used in automotive,
electronics, and consumer goods applications.
As a result, it has been projected that in future the demand of specialty polyamide may surge
manifolds. Moreover, surging demand for and use of consumer goods and electronic devices is
expected to further boost growth of the market.
Top Key Pla