Global thermoplastic polyamide market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Thermoplastic polyamide is high-performance thermoplastic elastomer (TPE) block copolymers based on polyesters or polyethers and nylon. Thermoplastic polyamide has a good chemical and thermal resistance and has a very high toughness. It is exclusively used in carpets, bushings, bearings, electrical plugs and sockets, food packaging film, gears, and fibers for textile.
The factors that are playing a major role in the growth of the market are the growing demand from the end-users like electronics industry and sports goods. However, the presence of substitutes may restrain overall market growth in the years to come. Thermoplastic polyamide market is segmented based on type, application, and region.
PA 12, PA 11, PA 6, and other types could be explored in thermoplastic polyamide market in the forecast period. The market could be categorized based on applications like medical industry, automotive parts, sporting goods, and others could be explored in thermoplastic polyamide in the forecast period. The automotive sector comprises seals, control elements, air duct components, airbags, spoilers, anti-slip mats and others.
Based on the distribution channel, direct marketing and indirect marketing could classify thermoplastic polyamide in the forecast period. Direct marketing sector accounted for the substantial market share of thermoplastic polyamide and is estimated to continue its dominance in the years to come. Globally, Europe accounted for the substantial share of thermoplastic polyamide industry and is estimated to lead the overall market in years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, the growing demand from the end-users, and the presence of key exporters of the product. The United State is a major consumer of thermoplastic polyamide in this region.
North America and the Asia Pacific are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of thermoplastic polyamide in this region. The key players of the thermoplastic polyamide market are Mingju Plastics, Arkema, Ube, Evonik, and EMS-PATVAG. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Leading players of Thermoplastic Polyamide including:
• Mingju Plastics
Market split by Type, can be divided into:
• PA 12 Type
• PA 6 Type
• PA 11 Type
Market split by Application, can be divided into:
• Automotive Parts
• Sporting Goods
• Medical Industry
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA