City of Industry, CA -- (SBWire) -- 06/11/2018 --The PA9T industry was 112.61 million USD in 2017 and is projected to reach USD 176.47 million USD by 2024, at a CAGR (Compounded Annual Growth Rate) of 6.63% between 2017 and 2024. From 2019 to 2024, no other company has claimed to enter into market of PA9T, mainly because Kuraray has monopolized the supply of raw sebacic acid in the upper reaches. Kuraray will build a new base in Thailand in 2020. At present, capacity utilization is approaching full capacity. New production capacity will effectively alleviate the supply shortage in Asia, mainly serving the Southeast Asian and Chinese markets.
The industry is concentrated, currently only Kuraray produce PA9T. Major brands are GN2330, G1300H, N1000A, G1300A, GN2450, GR2300, GT2330, TA112.
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The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global PA9T Market Research Report 2017 report released by QYResearch provides a basic overview of the PA9T industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
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The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the PA9T industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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Global PA9T Market Is Projected to Reach 176.5 Million USD by 2022
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