29 November 2019
Visiongain’s new report Polyamide in Electronic Protection Device (EPD) Market 2020-2030: Forecasts by Type (High-temperature Polyamide, PA6, PA66, PA4,6, Polyphthalamide (PPA), Applications (Contactor, MCB, MCCB, Relays, Terminal Blocks), by region and analysis of leading companies operating in this industry.
The global polyamide in electronic protection (EPD) market was valued at over USD 450 million in 2018 and is anticipated to grow at a CAGR of over 4% during the forecast period from 2020 to 2030. Polyamide demand in EPDs is expected to see growth due to its inclusion in Solid Insulation Switchgear (SIS)'s advanced smart grids and primary transmission switchboard technology. However, it is expected that the availability of cheap polyamide substitutes will remain a major challenge for market participants.
The growth of the construction sector in the Asia Pacific is attributed to a burgeoning population, especially in China & India, and this is expected to drive consumer consumption in building components such as housing for electronic components, insulated protective materials, and exterior panels.
Polyamide is a product that is cost-effective and environmentally friendly. This provides performance benefits such as heat resistance and abrasion. Such factors allow EPD producers by replacing other thermoset products to opt for polyamides in EPDs. Actually, due to the excess availability of caprolactam in the Asian market, the value of polyamide is low due to its volatile floating nature.
Polyamides in electrical switches and gear segments are seeing a sharp increase in sales and consumer demand. Advances in polyamide grades are expected to propel their demand over the forecast period for use in electrical security products.
The industry is experiencing violent mergers and acquisitions. Low cost of production leads to backward integration of polyamide producers across the value chain, resulting in capacity expansion in the Asia Pacific, North America, and Europe.
The prices of raw materials have a significant impact on finished products and influence the dynamics of prices for subsequent end-use industries. The supply of benzene witnessed some irregularities between 2016 and 2017 amid low crude oil prices across the globe, with no significant profits being made by midstream petrochemical refining firms. As a result, several plants in North America and Asia have been shut down, causing global supply disruption. Caprolactam, a cyclohexane derivative, has a positive correlation with the benzene supply-demand situation.
The key drivers of the Asia Pacific market are anticipated to be emerging economic indicators, such as increasing industrial output and local GDP. It is also anticipated that low feedstock prices will fuel consumption in this area.
Favorable laws, professional and economical labor accessibility and government initiatives to define favorable FDI regulations have resulted in major players shifting their production bases to countries like China, India, and Indonesia. Due to increased capacity utilization, the availability of raw material at low prices has driven demand for polyamide as a key ingredient for manufacturing switchgear shields.
As of 2018, in terms of both sales and size, Europe was the second-largest regional market owing to increasing urbanization and continuing industrial development, the market is anticipated to remain positive over the forecast period.
Industry participants focus on developing polyamide grades to help E&E producers comply with the Waste Electrical & Electronic Equipment (WEEE) Directive, the EU Directive on Enforcement of Hazardous Substances in Electrical & Electronic Equipment (RoHS) and four EU REACH Regulation processes: product registration, assessment, authorization, and enforcement.
Some of the key Polyamide in Electronic Protection Device (EPD) market players include AdvanSix, Inc., Ascend Performance Materials LLC, BASF SE, DowDuPont Inc, EMS Chemie Holding AG, Goodfellow, Inc., Huntsman Corporation, INVISTA S.A.R.L, Lanxess AG, Nilit Ltd., Royal DSM, Toray Industries, Inc., and Ube Industries, Ltd. among other prominent players.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Medical Adhesive Market is driven by a growing population, health awareness in developing regions, rising demand for single-use disposable medical products, and growing demand from the medical implant industry.
29 July 2020
With the rise in various industries such as automotive, medical parts, and aerospace machining world, there is a growth in the demand for strong and light-weight materials.
25 June 2020
Where is the Ionic Liquids Market heading? If you are involved in this industry you must read this newly updated report. Visiongain’s report shows you the potential revenues streams to 2030, assessing data, trends, opportunities and business prospects there.
18 June 2020
Owing to many advances and growing sales of consumer electronics goods, the growth of the electrical & electronics industry is boosting demand for adhesives.