Global Polyamide 12 Market- Industry Analysis and Forecast (2020-2027)Posted by akash Arjun pingale on February 18th, 2021 The global polyamide 12 market was valued US$ 2.2 Bn in 2019 and is expected to reach 5.11 Bn by 2027, at a CAGR of 6.5% during the forecast period. Global Polyamide 12 Market Market Definition: Polyamide 12 also famous as nylon 12 belongs to monomers laurolactum that is semi-crystalline and crystalline in form. Polyamide 12 is a thermoplastic polymer having formula [(CH2)11C(O)NH]n. Polyamides is the chief manufacturing and high performance thermoplastics class owing to its excellent balancing properties. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis. Market Drivers and Restraints: Nylon 12 have broad range of applications in automotive sector owing to the exceptional characteristics of the material including resistance to cracking under stress, excellent chemical resistance, lower moisture absorption, superior abrasion resistance, lower melting point, higher elongation, lightweight, brilliant control strength for instance, extreme low and high temperature and noise & vibration reducing properties documented as one major key drivers for market growth. Further, it is also getting utilised to produce multilayer pipes for e.g. hydraulic lines, pneumatic brake lines, and fuel pipes for engineering of automobiles globally. Moreover, boom in electronic and electrical sector are also generating numerous opportunities for the market growth since it is widely used for manufacturing of external and internal parts, interior trim, gears and bearing and onwards. Ease of availability and variability in the type as per need for instance, plasticized grad, reinforced grade, general grade, and others that offer application in consumer goods, automobiles, oil and gas, electrical & electronics, industrial coatings, and others. The key factor driving the growth of the global polyamide 12 market documented for the bending interest of consumers and manufacturer toward the consumption of bio-based products is expected to boost the global polyamide 12 market during the forecast period. The intensifying automotive industry resulting in the escalation of the production and sale of hybrid and electric vehicles is anticipated to lift the demand for polyamide 12 during the forecast period. Moreover, instability in cost and the presence of substitutes which offers low cost material is expected to obstruct the global Polyamide 12 market growth during the forecast period. Polyamide 12 Market Segment analysis: By application, the automotive industry end-user segment is possibly expected to develop at a persistent rate. As it is the most dominating segment amongst others expected to secure a share of 56% by the end of 2027. Collective request for lightweight vehicles considered as a significant driving factor fuelling demand for polyamide 12 in the targeted industry. For instance, as per U.S. Department of Commerce, in 2019, the U.S. distributed about XX.1 million innovative light vehicles, involvement of such development going to create lucrative growth opportunity with increasing demand for polyamide 12 market in the coming years. The key application of polyamide 12 in automotive industry is observed in manufacturing of automotive parts, machineries, coating and others, thus the growth in demand for above-mentioned sectors are expected to have a positive impact on the demand for Polyamide 12 in the coming years. As polyamide 12 have high strength, durability with excellent anti-corrosive properties is ruling the market growth. Polyamide 12 Market Regional Analysis: Regionally, Asia Pacific is expected to dominate the polyamide 12 market and is expected to grow at a CAGR of 5.12 % during the forecast period. The Asia-Pacific had the major market share of nearby 45% in 2019, as a result of swift industrial growth in the region. Developing regions like India, China, and Japan are considered as major contributors to the Polyamide 12 market growth in the Asia Pacific region. India, China, and Brazil are focusing mainly on improving their infrastructure and promoting their manufacturing industry, attention on development in consumers good automotive and others are eventually driving the polyamide 12 market size by 2027. Furthermore, the recent COVID-19 pandemic outbreak will negatively hinder market growth in the Asia Pacific region. Expanding automotive industry across the European region has covered 35% of market share in base year. The objective of the report is to present a comprehensive analysis of the Global Polyamide 12 Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Polyamide 12 Market dynamics, structure by analyzing the market segments and project the Global Polyamide 12 Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Polyamide 12 Market make the report investor’s guide. for more info:https://www.maximizemarketresearch.com/market-report/global-polyamide-12-market/70357/ Scope of Polyamide 12 Market Global Polyamide 12 market, By Type • General Grade • Reinforced • Plasticized • Others Global Polyamide 12 market, By Application • Electricals & Electronics • Consumer Goods • Industrial Coating • Automotive • Oil & Gas • Others Global Polyamide 12 Market, By Region • North America • Europe • Asia Pacific • Latin America • Middle East & Africa Key Players Operating the Polyamide 12 Market, • Formulated Polymers Limited • Toray Industries • Ube Industries, Ltd • Evonik Industries AG • EMS-Chemie Holding AG • RTP Company • Merck KGaA • DowDuPont • Arkema SA • Ensinger For More Information Visit @: Like it? Share it! 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