IMARC Group, a leading market research company, has recently released a report titled “Polyamide in Electronics Protection Devices (EPD) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the polyamide in electronics protection devices (EPD) market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the Polyamide in Electronics Protection Devices (EPD) Market?
The global polyamide in electronics protection devices (EPD) market size reached US$ 363.68 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 461.51 Million by 2028, exhibiting a growth rate (CAGR) of 3.80% during 2023-2028.
What is Polyamide in Electronics Protection Devices (EPD)?
Polyamide, a synthetic polymer renowned for its strength, durability, and electrical insulation properties, is commonly used in the manufacturing of electronic protection devices (EPD). It finds extensive usage in various applications, such as circuit board encapsulation, contactors, cable and wire insulation, battery pack covers, miniature circuit breakers (MCBs), molded case circuit breakers (MCCBs), relays, and terminal blocks. Polyamide exhibits superior dimensional stability, optimal resistance to high temperatures and chemicals, exceptional friction and wear characteristics, etc. It is lightweight, easily processable, environmentally friendly, and recyclable, offering enhanced equipment safety, reliable performance, safeguarding against extreme temperatures, vibrations, shocks, and humidity, etc. As a result, polyamide finds widespread applications across several sectors, including automotive, construction, aerospace, transportation, healthcare, power generation, telecommunications, etc.
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What are the growth prospects and trends in the polyamide in electronics protection devices (EPD) industry?
The expanding consumer electronics industry is primarily driving the polyamide in electronics protection devices (EPD) market. Besides this, the escalating demand for this polymer to protect smartphones, tablets, laptops, gaming consoles, wearables, and audio systems is further augmenting the market growth. Moreover, the elevating requirement for high-performance polyamide in the production of advanced MCCBs, which resist high thermo-mechanical and electrical stress, flame retardant properties, and preserve the integrity of electrical components, is also catalyzing the global market. Apart from this, the growing product popularity in residential and commercial construction projects for preventing damages to electrical junction boxes, lighting systems, wiring, and HVAC equipment and in the automotive sector to safeguard harnesses, onboard connectors, motors, and sensors is anticipated to propel the polyamide in electronics protection devices (EPD) market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
- PA 6
- PA 66
- PA 4,6
- PA 612
- Terminal Blocks
Market Breakup by Region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Advansix Inc.
- Ascend Performance Materials LLC
- BASF SE
- Koninklijke DSM N.V.
- DuPont de Nemours Inc
- EMS-Chemie Holding AG
- Huntsman Corporation
- Lanxess AG
- Nilit Ltd
- UBE Corporation
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