Polyamides are polymers that find applications in various industry verticals such as textiles, automotive plastics, consumer goods & appliances, and electrical & electronics. The most common form of manufactured polyamides is nylon, which is widely used in the textile industry. The Asia-Pacific region has been observed to be the largest region in the polyamide market, in terms of both value as well as volume. Furthermore, the Asia-Pacific market is projected to grow significantly in the near future.
The Asia-Pacific market is dominated by China and Japan, mainly owing to the rapidly growing electrical & electronics and consumer appliances industries in these countries. China and Japan are known worldwide for their electronic goods. The polyamide segment in China is projected to grow at a CAGR of 7% from 2013 to 2018. India is among the rapidly-emerging markets for polyamide in the Asia-Pacific region.
India and China are among the largest emerging economies in the global economy. The rising disposable incomes of the population in these economies, along with technological advancements, have resulted in the growth of the electronics, consumer appliances, and textiles industries; this has led to an increase in the demand for polyamide in the region. Moreover, the rising need for weight reduction in vehicles of the already established Asia-Pacific automobiles market is also one of the major factors that drives the growth of the polyamide market in the region. Large enterprises globally, which are operational in the polyamide market, are entering into merger, acquisition, and partnership agreements with Asia-Pacific companies, thereby leading to the rapid expansion of the polyamide market across the Asia-Pacific region. Some of the major companies that contribute to the growth of the APAC polyamide market are Formosa Plastics Corporation (Taiwan), Li Peng Enterprise Co. Ltd (Taiwan), and Henan Shenma Nylon Chemical Co. Ltd. (China), among others.
The Asia-Pacific polyamide market report includes details of the market segmentation, market dynamics such as driers & restraints, and the opportunities offered by the market for the existing as well as new players in the concerned market. The APAC market has been segmented in terms of types, applications, products, and major countries within the region. Japan, China, and India are among the main countries that have been considered for this extensive and technical market analysis. The major applications of the market include automotive plastics, electrical & electronics, consumer goods & appliances, hot melt adhesives, packaging, plastic films & sheets, protective clothing, and textiles, among others. On the basis of types, the market has been segmented into calendered polyamide, extruded polyamide, and molded polyamide. The main products of the polyamide market include polyamide fibers, polyamide films & sheets, and polyamide plastics. The market report also throws light on the competitive scenario and the strategies & developments of key companies that operate in the Asia-Pacific polyamide market.
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