Polyamides refer to macromolecules that contain repeating units linked by amide bonds. Natural polyamides include proteins such as wool and silk, whereas artificial polyamides include materials such as nylon and aramids. Important properties of polyamides, such as high strength & abrasion resistance, have resulted in an extensive use of polyamides to manufacture carpets, protective clothing, and consumer appliances. The market for polyamides is expanding as a result of its growing use in applications such as electronics, automotive plastics, and protective clothing.
The North American market is one of the most important contributors to the global polyamide market. In the North American market, the U.S. and Canada can be observed to be the major players, wherein Canada is expected to be the faster-growing segment, projected to grow at a CAGR of 4.2% from 2013 to 2018. In terms of applications, the North American polyamide market has been dominated by segments such as electrical & electronics and consumer goods & appliances. The electrical & electronics segment is expected to grow at a CAGR of 2.6% during the given forecast period.
The North American region is one of the most technologically advanced regions in the world, especially in terms of consumer appliances and other electronic goods. Recent innovations have resulted in significant growth of the North American electrical & electronics segment. The growth of this segment is expected to drive the growth for demand in the polyamide market. In addition, the growing automotive sector in Mexico and the growing need in North America for weight reduction in vehicles have led to a rise in the demand for polyamide. These factors are expected to be the main drivers for the growth of the North American polyamide market in the near future. The major companies that cater to the growing market are Honeywell International, Inc. (U.S.), BASF SE (Germany), and Huntsman Corporation (U.S.), among others.
The North American polyamide market report provides insights into the segmentation of the concerned market. The North American market has been segmented in terms of applications, types, products, and major countries in the region. On the basis of types, the market has been segmented into calendered polyamide, extruded polyamide, and molded polyamide. The main applications of polyamide include automotive plastics, cables, carpet industry, consumer goods & appliances, electrical & electronics, packaging, protective clothing, and textiles, among others. The products of the polyamide market include polyamide composites, polyamide elastomers, and polyamide fibers, among others. The market report also includes details of the competitive landscape, market dynamics such as drivers & restraints, and the strategies & developments undertaken by participating companies of the North American polyamide market.
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