Press Release

Transparent Polyamides Market to Grow with a CAGR of 4.95% through 2028

Growing demand of transparent polyamides in electronics industry is expected to drive the Global Transparent Polyamides Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Transparent Polyamides Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Transparent Polyamides Market stood at USD 1.36 billion in 2022 and is anticipated to grow with a CAGR of 4.95% in the forecast period, 2023-2028. The initiatives taken by government based on Transparent Polyamides has led to favorable market conditions for the Global Transparent Polyamides Market. Several factors contribute to the growth of various Transparent Polyamides products.

Governments around the world are actively encouraging and investing in advanced material science research. As part of these efforts, extensive studies have been conducted to explore the intricate crystalline structure of transparent polyamides and effectively control strain-induced crystallization. These research initiatives hold immense potential in unlocking the development of highly improved transparent polyamides with enhanced properties. Consequently, the demand for such advanced materials is expected to soar across various industries, fueling innovation and progress. In addition to the focus on advanced material science, there is a growing emphasis from governments on promoting sustainability and the use of bio-based materials to mitigate environmental impact. This shift in approach has paved the way for the development of sustainable transparent polyamides. One noteworthy example is Evonik's groundbreaking product, TROGAMID myCX eCO. This high-performance molding compound is not only designed to meet stringent performance requirements but is also produced partly from renewable raw materials. By combining cutting-edge technology with eco-friendly solutions, Evonik is leading the charge towards a more sustainable future.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Transparent Polyamides Market

Transparent polyamides, renowned for their exceptional mechanical strength, outstanding thermal stability, and superior chemical resistance, are increasingly being utilized in the fabrication of electronic components. These versatile materials find applications ranging from robust and lightweight casings for smartphones, tablets, and laptops to high-performance insulators in intricate circuitry, thereby becoming ubiquitous in the realm of electronics manufacturing.

The electronics industry's shift towards these cutting-edge materials can be attributed to several pivotal factors. Firstly, transparent polyamides offer an optimal blend of lightweight design and enduring resilience, meeting the critical demands of modern electronic device production. Secondly, they exhibit excellent dielectric properties, rendering them ideal for deployment as electrical insulators.

Global Transparent Polyamides Market is segmented into type, grade, end user, regional distribution, and company

Based on its end user, the automotive segment held the largest share in the market. The increasing demand for lightweight materials with superior properties, such as impact resistance, wear resistance, and corrosion resistance, in automobiles can be attributed to various factors. Not only are lightweight materials essential for improving fuel efficiency and reducing emissions, but they also contribute to enhancing vehicle performance and safety. Additionally, the growing utilization of plastics in consumer goods, including sporting equipment and children's toys, further drives the global industry growth over the forecast period. This trend is fueled by the advantages offered by plastics, such as versatility, durability, and cost-effectiveness, making them an attractive choice for manufacturers across various sectors. As the market continues to evolve, the demand for lightweight materials and plastics is expected to rise steadily, shaping the future of the industry.

Based on region, Europe segment is expected to grow during the forecast period. The increasing demand for environment-friendly products in application industries such as automotive & transportation and construction & housing has been driven by stringent regulations on VOC emissions imposed by various governments worldwide. This has led to a surge in research and development activities focused on the development of sustainable solutions. Notably, in the global market, North America has emerged as the second-largest market, accounting for over 25% share in terms of volume. This can be attributed to the significant contribution from both transparent polyamide volumes and revenue generated by the automotive industry in the region.

Major companies operating in Global Transparent Polyamides Market are:

  • Honeywell International Inc.
  • Du Pont de Nemours, Inc.
  • Evonik Industries AG
  • INVISTA S.a.r.l.
  • Arkema Inc.
  • DSM Engineering Plastics B.V.
  • Koch Industries Inc.
  • Shen Ma Industry Co. Ltd.

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“Growing application of Transparent Polyamides in various end user industries are key drivers of the Transparent Polyamides Market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of Transparent Polyamides with every passing year are anticipated to register an impressive growth to Global Transparent Polyamides Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Transparent Polyamides Market By Type (PA-6, PA-66, PA-12, Biobased Polyamides, Others), By Grade (Fiber Grade, Injection Molding Grade, Extrusion Grade), By End User (Automotive, Electrical & Electronics, Consumer Goods, Healthcare, Packaging, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Transparent Polyamides Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Transparent Polyamides Market.


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