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Global Polyamide 12 Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2025

Polyamide 12 market report categorizes global market by end-use industry (Automotive, Consumer Goods, Electronics, Industrial, and Others). Report includes, global industry insights, trends, outlook, and opportunity analysis, 2018-2025<br>

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Global Polyamide 12 Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2025

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  1. Polyamide 12 Market- Global Industry Insight, Trends, Outlook, and Opportunity Analysis 2017-2025

  2. REPORT DESCRIPTION Polyamide 12 Market Outlook According to the U.S Department of Energy, utilization of lightweight materials in just one quarter of the U.S. vehicle fleet is expected to result in fuel savings of up to 5 billion gallons by 2030. Also, 10% reduction in weight of the vehicle can account for 6-8% fuel economy improvement. The U.S. Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) developed the National Program for Greenhouse Gas Emissions and Fuel Economy Standards. The program aims to reduce gasoline use in the country by 2 million barrels per day by 2025 by achieving superior fuel efficiency in automobiles. This factor of lowering the consumption of gasoline is expected to drive growth of the PA 12 market, as light weight vehicles consumes less gas and are manufactured using PA 12. In Europe, polyamide 12 is majorly used in 3D printing, metal coatings, automotive, and personal care industries. Growing 3D printing market in Europe is anticipated to boost demand for polyamide 12. According to the European Union, 3D printing reduces waste in production process and it avoids usage of cutting fluids, which possess potential hazards to human health. These are the factors supporting growth of 3D printing segment as well as fuelling demand for polyamide 12 in the region. For instance, in February 2018, Evonik Industries AG opened a new plant for specialty polyamide 12 powder in Marl, Germany to meet increasing demand for PA 12 from the 3D printing segment.

  3. REPORT DESCRIPTION Polyamide 12 also called nylon 12 is a compound of the polyamide family, which has similar properties with PA 6, PA 6.10, PA 6.12 and PA 11 such as high elongation, good abrasion resistance, and minimal water absorption along with others. PA 12 is highly used in the automotive sector to manufacture lightweight vehicles, which is a major factor fuelling demand for polyamide 12 in the automotive industry. For instance, according to the U.S. Department of Commerce, in 2016, the country exported around 2.1 million new lightweight vehicles. Owing to excellent chemical resistant properties, polyamide 12 is extensively used as a multi-layer and mono-layer PA 12 pipes in the form of fuel, hydraulic, and air brake liners in the vehicles. The major driver for the growth of polyamide 12 market include increasing demand for PA 12 in oil and gas pipeline application due to its better elongation property and minimal water absorption, which allows high usage in pipeline application, as the molded parts show almost no dimensional changes with variation in atmospheric humidity. Some of the major driving factors are various government initiatives such as Evonik’s research and development process towards modified polyamide 12 was funded by the Federal Ministry of Education and Research. The unique biotechnological process relies on renewable resources. Palm kernel oil is a base for various other chemical products, which are produced by Evonik. Over the long run, the entire new process has the potential to replace or complement the butadiene-based production of PA12. Request sample Copy of this Report:https://www.coherentmarketinsights.com/insight/request-sample/1405

  4. REPORT DESCRIPTION

  5. REPORT DESCRIPTION Polyamide 12 also called nylon 12 is a compound of the polyamide family, which has similar properties with PA 6, PA 6.10, PA 6.12 and PA 11 such as high elongation, good abrasion resistance, and minimal water absorption along with others. PA 12 is highly used in the automotive sector to manufacture lightweight vehicles, which is a major factor fuelling demand for polyamide 12 in the automotive industry. For instance, according to the U.S. Department of Commerce, in 2016, the country exported around 2.1 million new lightweight vehicles. Owing to excellent chemical resistant properties, polyamide 12 is extensively used as a multi-layer and mono-layer PA 12 pipes in the form of fuel, hydraulic, and air brake liners in the vehicles. The major driver for the growth of polyamide 12 market include increasing demand for PA 12 in oil and gas pipeline application due to its better elongation property and minimal water absorption, which allows high usage in pipeline application, as the molded parts show almost no dimensional changes with variation in atmospheric humidity. Some of the major driving factors are various government initiatives such as Evonik’s research and development process towards modified polyamide 12 was funded by the Federal Ministry of Education and Research. The unique biotechnological process relies on renewable resources. Palm kernel oil is a base for various other chemical products, which are produced by Evonik. Over the long run, the entire new process has the potential to replace or complement the butadiene-based production of PA12. Request sample Copy of this Report:https://www.coherentmarketinsights.com/insight/request-sample/1405

  6. ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. SERVICES CUSTOMIZED RESEARCH INDUSTRY ANALYSIS SYNDICATED RESEARCH COUNTRY SPECIFIC STUDIES MARKET INTELLIGENCE SERVICES CONSULT STUDIES

  7. ABOUT COHERENT MARKET INSIGHTS Industries we cater SECTOR COVERAGE Healthcare HEALTHCARE IT CLINICAL DIAGNOSTIC BIOTECHNOLOGY PHARMACEUTICAL MEDICAL IMAGING MEDICAL DEVICES Chemicals & Materials Speciality and Fine Chemicals Advanced Materials Bulk Chemicals Green Chemicals Polymers & Resins Food Ingredients Cosmetic Ingredients

  8. ABOUT COHERENT MARKET INSIGHTS KEY STATS RESEARCH SOLUTIONS GLOBAL REPORTS FEASIBILITY STUDIES 100+ Insights Published Per Year COUNTRY ANALYSIS 150+ CONSULT PROJECTS Consulting Projects Till Date SURVEY RESEARCH EXCEL FORECAST DATABASE 125+ COMPETITIVE ASSESSMENT Clients Worldwide Per Year 110+ TECHNOLOGY SNIPPETS CUSTOMIZED SOLUTIONS Analysts and Contract Consultants Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein.

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