How has the global Specialty Polyamides market performed so far and how will it perform in the coming years?

The specialty polyamide market is segmented based on application, geography, and type. By type, it comprises PA12, PA11, PA10, PA6/12, and PA6/10. By application, the market consists of industrial coatings, energy, consumer goods & retail, electronics & electrical, and automotive and transportation. The “automotive and transportation” segment holds the largest market share due to it being used for manufacturing lightweight vehicles. The other factors driving the specialty polyamides industry include eco-friendly production and fuel efficiency.

The latest trend catching up is an influx of high-temperature polyamides. They are inclusive of PA10T, PA9T, PA6T/66/DT, PA6T/DT, PA6T/6I/66, PA6T/6I, PA6T/66, PA6T/6, PA4T, and PA46. These come across as high-crystalline polyamides. They are different from their counterparts in terms of their thermal and mechanical properties.

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Plus, stringent regulations on the part of the government regarding environmental safety do bolster the specialty polyamides market. At the same time, high installation cost does act as a restraint. By geography, the segmentation goes like LATAM, Europe, North America, Asia Pacific, and MEA. The Asia Pacific rules the market due to the automotive industry expanding by leaps and bounds in the region. The fact that specialty polyamides are extensively used in electrical & semiconductor devices also can’t be ruled out. The transportation industry is fueled by the use of eco-friendly substances as well.

The players contributing to the specialty polyamides market include Koninklijke DSM N.V.; Radici Group; Solvay S.A.; INVISTA; LG Chem, Ltd.; Asahi Kasei Corporation; E. I. DuPont de Nemours and Company; BASF SE; Arkema SA; and Evonik Industries AG.

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