Polyamides are
polymers that can be used to structurally and characteristically replace
metals, wood, glass or ceramics in various applications. Polyamide has unique
thermal, mechanical, electrical, and acoustic properties, which makes it a
versatile product. It is a high-performance material that is available at a
competitive price. The major end-user industries of polyamides are Automotive,
Electrical and Electronics, Machinery, Consumer Goods, Packaging, Textiles, and
Films and Coatings.
Analysts forecast
the Global Polyamide
market will grow at a CAGR of
3.48 percent over the period 2013-2018.
One of the key
trends in this industry is the strategy of key vendors to maintain long-term
contracts with leading customers and to make customized products that suit
their product offerings. Such long-term contracts help in building long-term
relationships, and in offering raw materials for their entire product
portfolios. This trend benefits both parties as customers benefit from supply reliability
and vendors benefit from long-term business opportunities.
Covered in this Report
The Global Polyamide
market can be segmented on the basis of type, application, end-user, and
geography. The report discusses the major drivers that influence the growth of
the market. It also outlines the challenges faced by the vendors and the market
at large, as well as the key trends that are emerging in the market.
Global Polyamide
Market 2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the APAC region, North America,
Europe, and the ROW; it also covers the Global Polyamide market landscape and
its growth prospects in the coming years. The report also includes a discussion
of the key vendors operating in this market.
According to the
report, the revolution in the automotive industry is driving the demand for
polyamides. The use of polyamides in automotive components has grown
significantly over the last few years. Polyamides provide high resistance to
abrasion, low-friction characteristics, and good chemical resistance. They
maintain excellent strength and toughness when exposed to hot, aggressive
automotive fluids and hot air. Hence, they are preferred for applications in
powertrain, electrical components, chassis, trim components, and other vehicle
areas.
Further, the report
states that one of the predominant challenges faced by the industry is the
rising competition and fluctuating raw material costs. Several vendors in the
Global Polyamide market have experienced a substantial decline in their profit
margins in recent times due to the increased competition in the market. The
competition among local and global players has led to price wars among the
competitors, which has forced large vendors to reduce the prices of their
products consequently deteriorating their margins.
