Pune, India -- (SBWIRE) -- 03/26/2018 -- The Global High Performance Polyamide Market is segmented into five regions based on geography, namely–North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among the aforementioned regions, Asia Pacific accounted for around 35% market share in 2016 and the trend is estimated to continue with the highest CAGR over the forecast period on account of increasing investments especially in the aviation & automotive sector. China is expected to emerge as the leading high performance polyamide producer and consumer due to continuous growth in electrical & electronics industry as well as high demand from construction sector over the assessment period, 2017 to 2023. Other prominent High Performance Polyamide Market in the region include developing countries such as Vietnam, South Korea, and India owing to increasing demand from construction, medical, and aviation sector. Moreover, growing middle class population along with increasing food chain and restaurants have increased the demand for kitchen appliances made from high quality plastic, which in turn, is estimated to propel the demand for High Performance Polyamide in near future.

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North America High Performance Polyamide is classified into U.S, Canada, and Mexico. The U.S. and Mexico are projected to be the leading consumer markets due to rising demand from end use industries such as automobile and medical sector. Moreover, high technological advancement coupled with rising R&D activities in manufacturing process is expected to give a new motivation in the regional market growth. Moreover, changing consumer preference towards durable and easy to handle high performance polyamide is predicted to drive the business growth over the assessment period. Latin American countries such as Brazil, Colombia, and Argentina are among the major contributors in the regional High Performance Polyamide Market and is predicted to witness moderate growth over the foreseeable future. Factors driving the regional market growth are economic developments, rising consumer disposable income, and growth of end use industries.

Europe High Performance Polyamide Market is presumed to witness an above average growth over the assessment period due to strict government regulations and norms regarding the production processes and degradability of polyamide. Germany and France is expected to dominate the regional market share owing to rising demand for light weight passenger and commercial vehicles. Moreover, presence of major automobile manufacturers along with rising utilization of High Performance Polyamide in automobile sector is projected to fuel the growth of the market. The Middle Eastern and African countries are estimated to witness significant growth on account of high economic growth rate and increasing industrial investment.

Segmentation
Globally, High Performance Polyamide Market is segmented on the basis of product, end use industry, and region. Based on product, the market is segmented into PA11, PA12, PA46, PA9T, polyphthalamides (PPA), polyarylamide (PARA). Based on end use industry, the market is categorized into aviation & automobile, electrical & electronics, sports & leisure, medical and others. Based on regions, High Performance Polyamide Market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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Key Players

BASF SE (Germany)
Evonik Industries (Germany)
Royal DSM N.V. (the Netherlands)
Arkema SA (France)
KURARAY CO. LTD (Japan)
Solvay (Belgium)
SABIC (Saudi Arabia)
DuPont (U.S.)
LANXESS (Germany)
Mitsui Chemicals, Inc. (Japan)