Arkema, the chemicals and specialty materials giant, is all set to boost the production of specialty polyamide powders at its Mont, France manufacturing plant by more than 50%. The company is investing EUR 20 Million in the capacity expansion effort.

France: Arkema is all set to intensify its global production capacity of specialty polyamides powders at its Mont site in France above 50% with an investment of about 20 Million Euros. The expansion is in line with the company’s goal of meeting the rising demand of ultra-high performing powders for industrial applications particularly in the coatings, composite and 3D printing markets globally.

Scheduled for completion in the latter half of 2019, the Arkema plant will increase its capacity for the powders marketed under the brand name Orgasol. Orgasol specialty polyamides powders have remarkably tightly controlled particle size distribution and are known for their toughness. They are specified as ultra-high performing formulation additives, especially for coatings and advanced composite materials, as well as in the 3D printing. The project is likely to aid steady customer growth in these industrial applications and demonstrate Arkema’s commitment to its global customer base.

According to the Global President of Arkema’s Technical Polymers business, the company has recently announced substantial investments in Asia for Rilsan polyamide 11 and Rilsamid polyamide 12 product lines, and the company is now shifting its focus towards the Orgasol specialty powders portfolio. The company will continuously invest to support the customers growth in next generation applications.

Arkema shapes materials and creates new uses that improve the customer performance in lightweight and design materials, bio-sourced materials, new energies, water management, solutions for electronics, and the performance and home insulation.

According to TechSci Research, Arkema’s expansion of its polyamide powders plant at Mont in France is anticipated to have a positive impact as it is likely to double the company’s global production. The plant is expected to have a positive impact on the Global polyamide market, as the market is anticipated to witness robust growth. The investment on expansion is likely to act as a driver for the paints and coating market as well as composite market globally. Increasing urbanization and industrialization, robust development in infrastructure and automotive sector, especially in major developing countries, is expected to drive the growth of the market in the coming years. In addition, with rising environment concerns, there is a growing demand being witnessed for paints & coatings with low volatile organic compounds, which is also positively influencing the demand scenario in the global paints & coatings market.

According to the recently published report by TechSci Research, “Global Polyamide Market, By Type (Polyamide 6, PA 66 and Bio-Based & Specialty Polyamide), By Application (Engineering Plastics and Fibre), By Company and By Geography, Forecast & Opportunities, 2023”, Global Polyamide Market is projected to reach USD 31.52 Billion by 2021, at a CAGR of over 4% from 2018 to 2023 owing to the increasing consumption in consumer goods, growing automotive industry and increasing large-scale investments in automobile sector. Based on applications, the market has been categorised into engineering plastics & fibres. In 2017, the Engineering plastics segment is projected to account for the largest share of the polyamide market since these are mostly used in automotive sector and in engineering plastics, the automotive sector is the largest segment owing to growing automotive sectors followed by electricals & electronics end-use segment. APAC region dominated the market in 2017 owing to growing demand for luxury cars and growing consumption power in the emerging countries like China, India and Japan. The leading players in the market are Li Peng Enterprise Co. ltd, Royal DSM, Ascend Performance Materials LLC, BASF SE, among others.

According to the recently published report by TechSci Research, “Global Paints and Coatings Market, By Technology (Water based & Solvent based), By Application (Architectural, Protective & Others), By Region (Asia-Pacific, Europe, North America, South America & MEA), Competition Forecast & Opportunities, 2012–2022”, Global paints and coatings market stood at around $ 117 billion in 2016 and is projected to surpass $ 167 billion by 2022, predominantly on account of increasing infrastructure development and rising production of automobiles across the globe. Moreover, demand for paints & coatings is likely to further increase in the coming years due to anticipated growth in diverse end-use industries such as marine and white goods, globally.

According to the recently published report by TechSci Research, “Global Composites Market, By Type (Glass Fiber & Carbon Fiber), By Application (Civil Engineering, Aerospace & Défense, & Others), By Manufacturing Process (Lay Up, Injection Moulding, etc.), By Region, Competition Forecast & Opportunities, 2012-2022”, Global composites market was valued at $ 28 billion in 2016 and is projected to reach $ 42 billion by 2022. Growth in the global composites market can be attributed to the growing preference for light weight composite materials, which are being increasingly used in aerospace and automobile sectors. Moreover, with increasing popularity of renewable energy and rising interest in establishing huge wind power plants, demand for composites is likely to further increase in the coming years.

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