The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the 3D PA (Polyamide) Market.
It was estimated prior to this unanticipated outbreak that the 3D PA (Polyamide) Market was expected to grow at a CAGR of 41.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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3D PA (Polyamides) are manufactured by the reaction of a diacid with a diamine. They have the properties of aliphatic and semi and fully aromatic thermoplastics; the latter are also called as aramids. The other alternative to produce Polyamides is by ring opening polymerizations of lactams.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the application type, the market is segmented as healthcare, aerospace & defense, automotive, electronics, and others. The healthcare and aerospace & defense segments account for the largest shares of the market, owing to demand for products along with their compositions. Further, the automotive segment is estimated to grow substantially and adopt 3D PAs during the forecast period.
Based on the type, the market is segmented as PA11 and PA12. The PA12 segment is expected to account for the larger share of the market. This segment is estimated to depict a higher growth driven by the high supply base and increased demand for PA12 in the production of specialized parts. On the other hand, PA11 is a bio-based specialty polyamide. Being environment-friendly, it provides better performance than conventional thermoplastics, which is likely to result in the growth of the bio-based & specialty segment, globally.
In terms of regions, North America is estimated to dominate the 3D PA (Polyamide) market during the forecast period. Countries such as Mexico is likely to show an emerging trend and lucrative growth opportunities in the North American market for 3D PA (Polyamides). Europe and Asia-Pacific have also good presence in the market and are estimated to offer substantial growth opportunities during the forecast period.
Some of the major players in the 3D PA (Polyamide) market are-
- 3D Systems
- EOS GmbH
- Arkema SA
- Evonik AG