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    Polyamide Precursors Market Report

    Polyamide Precursors Market Report
    Report code - SR2105 Delivery - 2 Weeks
    Polyamide Precursors Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth See more...

    Market Insights

    Polyamide precursors are used for creating nylon derivatives such as nylon 6 and nylon 66. A large amount of a type of polyamide precursor is used in the production of nylon 66. Adipic acid (ADA), caprolactam (CPL), and hexamethylenediamine (HMDA) are the three major types of polyamide precursors. The product's primary application areas include automobiles, electronics, and textiles, among others.

    The onset of the pandemic caused turbulence in the polyamide precursors market. End-use industries suffered as a result of temporary production shutdowns, supply chain disruptions, cash flow constraints, and lockdowns, which reduced the demand for polyamide precursors.

    The increasing use of the product in textile applications, as well as its growing demand in automobiles, are expected to drive the recovery and growth of the polyamide precursors market. Furthermore, technological advancements and application-specific developments are encouraging increased product usage. As a result, the polyamide precursors market is expected to grow at a healthy CAGR of 4.3% during the forecast period.

    Segment Analysis

    Based on the product type, the market is classified as adipic acid, caprolactam, hexamethylenediamine, and others. Hexamethylenediamine is expected to be the largest segment during the forecast period owing to its application in the manufacturing of nylon 66, a synthetic polymer popularly used in the automotive, textiles and packaging industries.

    Based on the end-user industry type, the market is segmented as automotive, electrical and electronics, textile, packaging, and others. Automotive is likely to remain the dominant segment during the forecast period. In past few years the focus on reducing vehicle weight for better fuel efficiency and lower emissions has increased. This is creating the demand for lightweight composite nylon resins in automotive applications for under-the-hood components and interior body parts.

    In terms of regions, Asia-Pacific is expected to remain the largest market for polyamide precursors over the forecast period. The region's product market growth is being driven by the region's vastly developed automobile sector in China, Korea, Japan, and India, as well as the region's ongoing investments in the textile and electronics sectors over the years. North America and Europe, on the other hand, are expected to grow significantly during the forecast period.

    Key Players

    Most of the companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain competitive advantage. The following are some of the key players in the polyamide precursors market:

    • Asahi Kasei Corporation
    • BASF SE
    • Lanxess AG
    • Toray Industries, Inc.
    • Evonik Industries AG

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s polyamide precursors market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The polyamide precursors market is segmented into the following categories:

    Polyamide Precursors Market, by Product Type

    • Adipic Acid (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Caprolactam (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Hexamethylenediamine (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Polyamide Precursors Market, by End-User Type

    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Electrical and Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Textile (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Polyamide Precursors Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

     

    Frequently Asked Questions (FAQs)

    The polyamide precursors market is estimated to grow at a healthy CAGR of 4.3% over the next five years. Factors such as the increasing usage of the product in textile applications and its growing demand in automobiles are expected to drive the growth of the market in the coming five years.

    Asahi Kasei Corporation, BASF SE, Lanxess AG, Toray Industries, Inc., Evonik Industries AG, DuPont, Huafon Group Co., Ltd, Invista, Solvay S.A., and Ascend Performance Materials are some of the key players in the market.

    The region's product market growth is being driven by the region's vastly developed automobile sector in China, Korea, Japan, and India, as well as the region's ongoing investments in the textile and electronics sectors over the years.

    Asia-Pacific is estimated to be the fastest-growing region in the coming years.

    Automotive segment is likely to maintain its dominance in the market in the next five years. The growth of the segment is attributable to the increased focus on reducing vehicle weight for better fuel efficiency and lower emissions, which is creating the demand for lightweight composite nylon resins in the automotive industry.

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