Africa Polyamide Market Size
Study Period | 2017 - 2029 | |
Market Size (2024) | USD 138.75 Million | |
Market Size (2029) | USD 201.40 Million | |
Largest Share by End User Industry | Automotive | |
CAGR (2024 - 2029) | 7.74 % | |
Largest Share by Country | South Africa | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Africa Polyamide Market Analysis
The Africa Polyamide Market size is estimated at 138.75 million USD in 2024, and is expected to reach 201.40 million USD by 2029, growing at a CAGR of 7.74% during the forecast period (2024-2029).
138.75 Million
Market Size in 2024 (USD)
201.40 Million
Market Size in 2029 (USD)
2.47 %
CAGR (2017-2023)
7.74 %
CAGR (2024-2029)
Largest Market by End-user Industry
28.89 %
value share, Automotive, 2023
Due to its temperature and chemical resistance, PA is used in a wide range of automotive applications, including intake manifolds, fuel lines, underhood parts, and other products.
Fastest Growing Market by End-user Industry
10.45 %
Projected CAGR, Electrical and Electronics, 2024-2029
Owing to the increasing advancements in sustainable solutions, including lightweight properties, the demand for PA is increasing in electronics and is projected to witness the fastest growth.
Largest Market by Sub Resin Type
46.67 %
value share, Polyamide (PA) 6, 2023
Owing to its applications and the highest shares in various industries, including automotive, electrical and electronics, aerospace, and construction, PA 6 resin occupied the largest share.
Largest Market by Country
38.60 %
value share, South Africa, 2023
Owing to the huge volume share of 44.36% of Africa's automotive production, South Africa dominated the market.
Leading Market Player
33.17 %
market share, Celanese Corporation, 2022
Due to its significant geographic presence and offering of PA materials with improved mechanical property retention with exposure to moisture, chemicals, and high temperatures, Celanese dominated the market.
The automotive segment is the largest and fastest-growing end-user industry
- The automotive segment is the largest end-user industry in the African polyamide market. Vehicle production in the region reached 1.36 million units in 2022, recording a CAGR of 3.51% by revenue from 2020. Kenya has various opportunities for investments in the field of automobile production. In line with favorable economic policies, Kenya has become the ideal hub for automotive manufacturers to gain entry into the eastern and central parts of Africa in order to grow their businesses. Through increased foreign direct investments and trade, the African automotive industry's growth strategies are focused on becoming highly integrated with the global automotive environment. Such factors are, in turn, fueling the growth of the African polyamide market.
- Electronics is the region's second-largest end-user industry. Over the coming years, rising production of electronics components in the region is expected to drive demand for polyamide resins. The demand for consumer electronics in Africa is expected to register a CAGR of 13.85% and reach a value of USD 17.79 billion by 2027. As a result, the region's increased production in the electrical and electronics end-user industry is expected to result in the segment recording a CAGR of 7.72% by revenue over the forecast period.
- Automotive is the fastest-growing end-user industry for polyamide resin in the regional market, expected to register a CAGR of 9.28% by value during the forecast period (2023-2029). Vehicle production in the region is projected to reach 1.74 million units in 2029 from 1.23 million units in 2023. This increase in vehicle production in the region is projected to drive demand for polyamide resins in Africa over the forecast period.
South Africa is the largest and the fastest-growing country
- Africa accounted for nearly 0.89% of the global consumption of polyamide resin in 2022. These resins exhibit versatile properties, which they find applications in various industries, such as automotive, packaging, and electrical and electronics.
- South Africa is the region's largest consumer country of polyamide resin due to its rising packaging and automotive industries, which held a revenue share of 38.76% and 33.4% in 2022. Plastic packaging products in the country increased at an annual rate of 2.20% in 2022 and reached around 0.94 million tons. Moreover, automotive production in the country reached 0.53 million units in 2022 from 0.51 million units in 2021. The rising plastic packaging and automotive production are projected to drive the demand for PET resin in the country in the coming years.
- Nigeria is the second-largest country in the African polyamide resin market which is expected to register a CAGR of 5.65% in terms of value during the forecast period. The country's demand for polyamide resin is increasing significantly due to rising vehicle production, increasing building and construction activities, etc. Automotive production in the country reached 0.39 million units in 2022 from 0.37 million units in 2021. As Nigeria's population continues to rate of more than 2.5% per year and is projected to reach 400 million by 2050, the country's existing infrastructure is at risk of becoming overburdened in the coming years. Therefore, between 2021 and 2025, the construction market in Nigeria is projected to experience an annual growth rate of 3.2%. Thereby, it is projected to drive the demand for polyamide resin in the future.
Africa Polyamide Market Trends
Manufacturing on the rise to tackle the rapidly growing demand
- South Africa is the leading manufacturing hub in Africa. Its manufacturing capabilities, efficient logistics network, and preferential regional market access position the country as an ideal location for electronics companies seeking to supply their products to Africa. South Africa has a diverse electronics industry that ranges from electrical machinery, household appliances, and telecommunication equipment to consumer electronics. In 2022, the African region imported around 70% of its local electrical and electronics demand.
- The consumer electronics industry still relies heavily on imports. According to estimates, South Africa brought 60% of all consumer electronics into Africa in 2018. In 2020, the electrical and electronic production in the country decreased at a growth rate of around 3.2%, by revenue, compared to the previous year, owing to the widespread lockdown adopted by the government and the supply chain disruption faced due to the lockdown. In the feature phone space, shipments were down by 26.6% to 21.9 million units as vendors were transitioning away from these devices toward entry-level smartphones. All such factors led to a decrease in the production of electrical and electronic components in the region at a CAGR of -9.41% from 2020 to 2022.
- The government is focused on promoting and supporting domestic manufacturing, R&D, and developing safety standards for the electrical and electronics manufacturing industry. The output of electrical and electronic industrial components is anticipated to record a CAGR of 6.28% during the forecast period (2023-2029) to supply the emerging African middle-class population.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rising demand for commercial and military aircraft to drive component production
- Developing economies and government policies boosting construction infrastructure
- Morocco is heavily relying on polyamide imports, and the same is expected in the future
- Africa has ample scope for engineering plastics recycling as the region struggles with a 12% recycling rate
- Cheap labor and raw materials are drawing foreign investments
- Packaged food and beverages leading the demand for plastic packaging solutions
- Crude oil price to significantly influence the polyamide resin price
Africa Polyamide Industry Overview
The Africa Polyamide Market is moderately consolidated, with the top five companies occupying 59.74%. The major players in this market are Arkema, Celanese Corporation, DSM, EMS-Chemie Holding AG and LANXESS (sorted alphabetically).
Africa Polyamide Market Leaders
Arkema
Celanese Corporation
DSM
EMS-Chemie Holding AG
LANXESS
*Disclaimer: Major Players sorted in alphabetical order.
Africa Polyamide Market News
- January 2023: DSM introduced two new polyamide grades, Akulon FLX-LP and Akulon FLX40-HP, which will be used as liner materials and will provide robust performance in Type IV pressure vessels used for hydrogen storage.
- November 2022: Celanese Corporation completed the acquisition of the Mobility & Materials (“M&M”) business of DuPont. This acquisition enhanced the company's product portfolio of engineered thermoplastics through the addition of well-recognized brands and intellectual properties of DuPont.
- September 2022: LANXESS introduced a sustainable polyamide resin, Durethan ECO, which consists of recycled fibers made from waste glass to reduce its carbon footprint.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
Africa Polyamide Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
-
4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
- 4.1.4 Electrical and Electronics
- 4.1.5 Packaging
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4.2 Import And Export Trends
- 4.2.1 Polyamide (PA) Trade
- 4.3 Price Trends
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4.4 Recycling Overview
- 4.4.1 Polyamide (PA) Recycling Trends
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4.5 Regulatory Framework
- 4.5.1 Nigeria
- 4.5.2 South Africa
- 4.6 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Aerospace
- 5.1.2 Automotive
- 5.1.3 Building and Construction
- 5.1.4 Electrical and Electronics
- 5.1.5 Industrial and Machinery
- 5.1.6 Packaging
- 5.1.7 Other End-user Industries
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5.2 Sub Resin Type
- 5.2.1 Aramid
- 5.2.2 Polyamide (PA) 6
- 5.2.3 Polyamide (PA) 66
- 5.2.4 Polyphthalamide
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5.3 Country
- 5.3.1 Nigeria
- 5.3.2 South Africa
- 5.3.3 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Arkema
- 6.4.2 Celanese Corporation
- 6.4.3 DSM
- 6.4.4 EMS-Chemie Holding AG
- 6.4.5 LANXESS
7. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
8. APPENDIX
-
8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, AFRICA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, AFRICA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, AFRICA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, AFRICA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, AFRICA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, AFRICA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, AFRICA, 2017 - 2021
- Figure 8:
- AFRICA POLYAMIDE MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
- Figure 9:
- VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 10:
- VALUE OF POLYAMIDE (PA) CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 11:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 12:
- VALUE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 13:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 14:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 15:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN AEROSPACE INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 16:
- VALUE OF POLYAMIDE (PA) CONSUMED IN AEROSPACE INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN AEROSPACE INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
- Figure 18:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 19:
- VALUE OF POLYAMIDE (PA) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
- Figure 21:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 22:
- VALUE OF POLYAMIDE (PA) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 23:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
- Figure 24:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 25:
- VALUE OF POLYAMIDE (PA) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 26:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
- Figure 27:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 28:
- VALUE OF POLYAMIDE (PA) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 29:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
- Figure 30:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN PACKAGING INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 31:
- VALUE OF POLYAMIDE (PA) CONSUMED IN PACKAGING INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 32:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
- Figure 33:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 34:
- VALUE OF POLYAMIDE (PA) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 35:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
- Figure 36:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, TONS, AFRICA, 2017 - 2029
- Figure 37:
- VALUE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, USD, AFRICA, 2017 - 2029
- Figure 38:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, AFRICA, 2017, 2023, AND 2029
- Figure 39:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, AFRICA, 2017, 2023, AND 2029
- Figure 40:
- VOLUME OF ARAMID CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 41:
- VALUE OF ARAMID CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 42:
- VALUE SHARE OF ARAMID CONSUMED BY END USER INDUSTRY, %, AFRICA, 2022 VS 2029
- Figure 43:
- VOLUME OF POLYAMIDE (PA) 6 CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 44:
- VALUE OF POLYAMIDE (PA) 6 CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 45:
- VALUE SHARE OF POLYAMIDE (PA) 6 CONSUMED BY END USER INDUSTRY, %, AFRICA, 2022 VS 2029
- Figure 46:
- VOLUME OF POLYAMIDE (PA) 66 CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 47:
- VALUE OF POLYAMIDE (PA) 66 CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 48:
- VALUE SHARE OF POLYAMIDE (PA) 66 CONSUMED BY END USER INDUSTRY, %, AFRICA, 2022 VS 2029
- Figure 49:
- VOLUME OF POLYPHTHALAMIDE CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 50:
- VALUE OF POLYPHTHALAMIDE CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 51:
- VALUE SHARE OF POLYPHTHALAMIDE CONSUMED BY END USER INDUSTRY, %, AFRICA, 2022 VS 2029
- Figure 52:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
- Figure 53:
- VALUE OF POLYAMIDE (PA) CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
- Figure 54:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 55:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 56:
- VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, NIGERIA, 2017 - 2029
- Figure 57:
- VALUE OF POLYAMIDE (PA) CONSUMED, USD, NIGERIA, 2017 - 2029
- Figure 58:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
- Figure 59:
- VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
- Figure 60:
- VALUE OF POLYAMIDE (PA) CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
- Figure 61:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
- Figure 62:
- VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
- Figure 63:
- VALUE OF POLYAMIDE (PA) CONSUMED, USD, REST OF AFRICA, 2017 - 2029
- Figure 64:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
- Figure 65:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, AFRICA, 2019 - 2021
- Figure 66:
- MOST ADOPTED STRATEGIES, COUNT, AFRICA, 2019 - 2021
- Figure 67:
- REVENUE SHARE OF POLYAMIDE (PA) BY MAJOR PLAYERS, %, AFRICA, 2022
Africa Polyamide Industry Segmentation
Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Aramid, Polyamide (PA) 6, Polyamide (PA) 66, Polyphthalamide are covered as segments by Sub Resin Type. Nigeria, South Africa are covered as segments by Country.
- The automotive segment is the largest end-user industry in the African polyamide market. Vehicle production in the region reached 1.36 million units in 2022, recording a CAGR of 3.51% by revenue from 2020. Kenya has various opportunities for investments in the field of automobile production. In line with favorable economic policies, Kenya has become the ideal hub for automotive manufacturers to gain entry into the eastern and central parts of Africa in order to grow their businesses. Through increased foreign direct investments and trade, the African automotive industry's growth strategies are focused on becoming highly integrated with the global automotive environment. Such factors are, in turn, fueling the growth of the African polyamide market.
- Electronics is the region's second-largest end-user industry. Over the coming years, rising production of electronics components in the region is expected to drive demand for polyamide resins. The demand for consumer electronics in Africa is expected to register a CAGR of 13.85% and reach a value of USD 17.79 billion by 2027. As a result, the region's increased production in the electrical and electronics end-user industry is expected to result in the segment recording a CAGR of 7.72% by revenue over the forecast period.
- Automotive is the fastest-growing end-user industry for polyamide resin in the regional market, expected to register a CAGR of 9.28% by value during the forecast period (2023-2029). Vehicle production in the region is projected to reach 1.74 million units in 2029 from 1.23 million units in 2023. This increase in vehicle production in the region is projected to drive demand for polyamide resins in Africa over the forecast period.
End User Industry | Aerospace |
Automotive | |
Building and Construction | |
Electrical and Electronics | |
Industrial and Machinery | |
Packaging | |
Other End-user Industries | |
Sub Resin Type | Aramid |
Polyamide (PA) 6 | |
Polyamide (PA) 66 | |
Polyphthalamide | |
Country | Nigeria |
South Africa | |
Rest of Africa |
Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polyamide market.
- Resin - Under the scope of the study, virgin polyamide resins like Polyamide 6, Polyamide 66, Polyphthalamide, and Aramid in the primary forms are considered.
Keyword | Definition |
---|---|
Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms