Polyamides are environmental friendly and cost effective, thus manufacturers of EPD are opting for polyamides in place of other thermoset materials.
Increasing need and inclination towards technologically advanced devices in housing and construction projects across developed and developing economies are major factors to boost growth of the global polyamide in electronic protection device market over the forecast period. However, availability of substitutes is expected to hamper growth of the global market.
The global polyamide in electronic protection device market report has been segmented on the basis of product type, end-use application, and region. On the basis of product type, the global polyamide in EPD market is segmented into PA 6, PA 66, PA 46, PA 612, and others (Polyphthalamide and other high temperature polyamides). On the basis of end-use application, the target market is segmented into miniature circuit breaker (MCB), molded case circuit breaker (MCCB), relays, contactors, and terminal blocks.
On the basis of region, the global Polyamide in electronic protection device (EPD) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in Asia Pacific accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period and is closely followed by North America market. This can be attributed to high adoption of advanced technologies in electronic and construction sector in the region. Revenue from the market in Europe witness significant growth over the forecast period, and is expected to register a CAGR of XX.X%. This can be attributed to rapid industrialization in countries in the region. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global polyamide in EPD market include DuPont, BASF SE, Royal DSM, Good fellow, Inc., Nilit Ltd., Lanxess AG, INVISTA S.A.R. L, Advan Six, Inc., Toray Industries, Inc., EMS Chemie Holding AG, Ascend Performance Materials LLC, and Huntsman Corporation.