Published Date : 14 Oct 19 | Views: 20 | Industry : Chemical & Material
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.
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.
Key Players Having a Strong Grip on the Nylon 12 Market
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.
For more information, check: https://www.qyrconsulting.com/reports/nylon-12-market