PUBLISHER: Industry Experts | PRODUCT CODE: 1255996
PUBLISHER: Industry Experts | PRODUCT CODE: 1255996
Polyamides (PA6, PA66) demand has recovered sharply in 2021 after a 6.2% YOY decline in 2020 and is further expected to maintain a CAGR of 3.9% through 2028. Growth will be strong in automotive & transportation, electrical & electronics and appliances sectors. Automotive & transportation is the largest application for polyamides globally.
While several application sectors of polyamides were impacted negatively by the COVID-19 pandemic, electrical & electronics sector has generally not had any negative impact but rather demand was accelerated at a healthy rate during 2019-2022 period. Amid the firm demand for mobile phones, tabs and IT devices, global consumption of polyamides in electrical & electronics applications has recorded a CAGR of 3.8% during 2019-2022 period. Further, demand for polyamides in electrical & electronics sector is projected to record a CAGR of 3.9% between 2022 and 2028, attributed to firm demand for electronic products from the large group of emerging middle-class consumers, such as mainland China, India, Southeast Asia.
The market for end-use applications of Polyamides (PA6 and PA66) studied in this report comprise the following:
The report reviews, analyzes and projects the global Polyamides market for the period 2019-2028 in terms of volume in metric tons and value in US$ and the compound annual growth rates (CAGRs) projected from 2022 through 2028.