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

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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

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