Nylon 12 is a semi-crystalline thermoplastic material with the formula [(CH2)11C(O)NH]n. It is also known as Polyamide (PA 12). It is either made from laurolactam monomers or ?-aminolauric acid, each having 12 carbons. Good chemical resistance, ability to accept high loading of fillers, low density, less sensitive to stress cracking, and low water absorption are some of the key benefits of Nylon 12. Nylon 12 is deployed in a variety of industries, particularly in automotive, electrical, and sport goods industries. Taking into account the growth of the global Nylon 12 market, QYR Consulting has lately published a new report named, “Global Nylon 12 Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025.” According to the report, the global Nylon 12 market was US$ 1304 Mn in 2018 and is expected to reach US$ 1410 Mn by the end of 2025. The global Nylon 12 market is predicted to exhibit a sluggish CAGR of nearly 1% during the forecast period of 6 years, i.e. between 2019 and 2025.
Nylon 12 to Witness Demand from the Automotive Industry
On the basis of application, the Nylon 12 market has been segregated as car pipeline, engineering applications, cable shell, and PV industry. Key application of Nylon 12 lies in the automotive industry. This is attributed to extensive usage of Nylon 12 based automotive components due to its superior properties. The global Nylon 12 market has been bifurcated on the basis of product as extrusion grade and injection grade. Extrusion grade is gaining popularity on account of its high flexibility, good chemical resistance, light and heat stability, and high dimensional stability.
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Presence of Major Players to Drive the Nylon 12 Market in Europe
Leading manufacturers such as Evonik and Arkema are based in countries such as Germany as well as France, which is fuelling the Nylon 12market growth in Europe. Surge in the production and consumption of Nylon 12 is a key factor driving the Nylon 12 market in North America. Increasing consumption of Nylon 12 in countries such as China and Japan may boost the market growth in Asia Pacific.
Some of the key players operating in the global Nylon 12 market are UBE Industries(JP), Evonik(DE), EMS, Arkema(FR), and Grivory(CH),. Key players are taking up various strategic initiatives such as business expansion, collaborations, partnerships, and mergers and acquisitions with an aim to strengthen its presence in the Nylon 12 market.
High Cost May Curb the Nylon 12 Market Growth
The cost of Nylon 12 is high as compared to the other nylons, which is acting as a major restrain in the market growth. Moreover, minimal heat resistance may challenge the Nylon 12 market growth in the years to come. Lower tensile strength as well as lower heat deflection and glass transition temperature as compared to the standard Nylon are also some of the limitations associated with Nylon 12.
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