Demand for High Performance Polyamides to be Bolstered by the Auto and Electronics Sectors, Projected to Reach 271k MTs by 2022
Industry Experts has released the global market report on High Performance Polyamides. The new report titled ‘ High Performance Polyamides – A Global Market Overview ’ reveals that the Automotive sector is the largest global volume market for High Performance Polyamides, which is also anticipated to record the fastest CAGR of 4.2% between 2016 and 2022 and reach a projected 116.9 thousand metric tons by 2022 from a forecast 91.5 thousand metric tons in 2016. Bridging cost and performance gap between engineering polyamides and other high performance polymers, high performance polyamides (HPPA) are widely used in automotive, electrical & electronics and various other demanding applications. High performance polyamides withstand extreme conditions such as long term exposure to heat, chemicals, and moisture. Compared to standard polyamide technologies including PA 6 and PA 66, HPPAs can offer improved dimensional stability due lower moisture absorbsion. Mega trends in the automotiv...