Cost-Effective And Environment-Friendly Material Is Playing Major Role In Growth Of Polyamide in EPD Market

San Francisco, 31 October 2018 – According to a report by Grand View Research, Inc., global polyamide in electronic protection device (EPD) market is anticipated to value USD 90.18 billion by 2025. Growing requirement for environment-friendly and cost-effective material to manufacture smart grids is anticipated to propel demand for polyamide in electronic protection device. Polyamide is likely to offer effective properties such as high abrasion and heat resistance making it preferable among manufacturers of EPDs over other thermoset materials.

Continual technological advancements related to infrastructure in developing economies owing to rapid industrialization can influence growth of market. Rising use of electronic appliances coupled with high repair cost attributed to short circuits can augment market growth over next few years. Growing adoption of polyamide in electrical, construction, and electronic sector owing to its properties and performance advantages can stimulate growth of market. High demand for polyamides in electrical switches and gear segments can spur growth of market. Advancements in polyamide grades to use it in electrical protection devices is expected to impel market growth during the forecast period (2014 to 2025).

Access In-depth Insights On Polyamide in EPD Market: www.grandviewresearch.com/industry-analysis/polyamide-in-electronic-protection-device-epd-market

Availability of cheap substitutes for polyamides is likely to restrict growth of market over next few years.

The polyamide in electronic protection device market can be segregated on the basis of product, device, and region. Based on product, the market can be categorized into PA 6, PA 66, PA 4,6, high temperature polyamide, and polyphthalamide (PPA). In 2016, PA6 dominated the market and accounted for largest market share. However, superior properties of PA66 over PA6 are expected to fuel product demand over the forecast period. In thermally and mechanically stressed moldings, PA66 is anticipated to emerge as preferred grade of polyamide attributed to strong dielectric resistance. In addition, continual development of polymer technology is likely to widen application scope of PA66. This, in turn, can drive product segment during the forecast period.

Based on device, the market can be classified into MCB, MCCB, Relays, Contactors, and Terminal Blocks. In 2016, MCB segment dominated the market and accounted for largest market share. Followed by MCB, MCCB accounted for 33% of overall market share in terms of volume in 2016. The segment is expected to grow at similar pace over the forecast period. Unprecedented regulatory pressure imposed by several regulatory bodies to improve product in terms of safety and performance can augment growth of this segment. Sizes of MCCB and MCB are expected to be reduced in recent years to get better functioning and cost optimization. Reduction in product cost is likely to support manufacturers to sustain in this competitive market. Hence, challenge for manufacturers is to improve performance of polyamides of all grades to support housing preferences for gears and switches.

Regional segmentation includes Europe, North America, Asia Pacific, Central & South America, and Middle East & Africa. In 2016, Asia Pacific dominated the market and accounted for largest market share. The region recorded consumption of 38 kilo tons of polyamide in the year to manufacture electronic devices. Supportive regulations coupled with availability of skilled and economical workforce is expected to influence growth of market. Initiatives by local governments to define lucrative FDI regulations is likely to attract major players and shift their manufacturing plants to countries such as India, China, and Indonesia. In addition, availability of raw material at economical prices attributed to increased capacity utilization can augment growth of market in the region.

On the contrary, Europe accounted for market share of 16% in 2016 in terms of both volume and revenue. The market is expected to witness positive growth over the forecast period attributed to ongoing industrial evolution and rising urbanization.

Some of the leading companies offering polyamide in electronic protection device are Royal DSM, EMS Chemie Holding AG, Huntsman Corporation, Ascend Performance Materials LLC, and Lanxess AG. At production level, market is expected to witness acquisitions and mergers. Low production cost can prompt polyamide manufacturers to backward integration across value chain to expand their business in North America, Asia Pacific, and Europe. In addition, manufacturers are likely to produce nylon resins and caprolactam to integrate themselves across value chain.

Access More Reports Of The same Category: www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the global polyamide in EPD market on the basis of product, device, and region as follows: 

Polyamide in EPD Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • PA 6
  • PA 66
  • PA 4,6
  • High Temperature Polyamide
  • Polyphthalamide (PPA)

Polyamide in EPD Device Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • MCB
  • MCCB
  • Relays
  • Contactors
  • Terminal Blocks

Polyamide in EPD Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • North America
    • US.
  • Europe
    • Germany
    • UK.
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
  • Middle East & Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-polyamide-in-electronic-protection-device-epd-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

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