Polyamide 12 (PA12) Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2022
“The factors that are playing a major role in the growth of
the market are growing demand in oil and gas pipeline
application, aerospace & defense, and healthcare sector;
excellent electrical insulation, and government initiatives
and funding.”
Global polyamide 12 (PA12) market is expected to grow at a significant CAGR in the upcoming period as the
scope and its applications are rising enormously across the globe. Polyamides are long chain polymers
containing amide units (N-H- C=O) that are obtained by polymerization of an acid with an amide. Polyamide 12
(PA 12) is a thermoplastic with a general formula [HN(CH2)11CO]n.
The factors driving the market include excellent chemical and thermal resistance, high stability, and low density
on the part of polyamide 12. The factors that are playing a major role in the growth of the market are growing
demand in oil and gas pipeline application, aerospace & defense, and healthcare sector; excellent electrical
insulation, and government initiatives and funding. However, high cost may restrain overall market growth in
the years to come. The market is segmented based on product type, end-user, and region.
High-quality grade, regular grade, and other product types could be explored in polyamide 12 (PA12) in the
forecast period. The market may be categorized based on applications like electronics, automotive applications,
consumer goods, industrial applications, and others that could be explored in the forecast period. Consumer
goods sector accounted for the substantial market share of polyamide 12 (PA12) and is estimated to lead the
overall market in the years to come. The reason could be its wide applications across the manufacturing sector
and is exclusively used in toothbrush bristles, flake jackets, and chairs. In addition, the automotive sector is
estimated to grow at the fastest pace in the years to come.
Get Sample Copy of this Report @
https://www.millioninsights.com/industry-reports/polyamide-12-pa12-market/request-sample