IMARC Group, a leading market research company, has recently releases 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 global polyamide in electronics protection devices (EPD) market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
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 is a synthetic polymer employed to manufacture electronic protection devices (EPDs) due to its excellent strength, durability, and electrical insulation properties. It is widely deployed in various applications, including contactors, cable and wire insulation, battery pack covers, miniature circuit breakers (MCBs), molded case circuit breakers (MCCBs), relays, circuit board encapsulation, and terminal blocks. It provides better dimensional stability, high thermal and chemical resistance, and excellent friction and wear properties.
Additionally, it is a lightweight, easy-to-process, environmentally friendly, and recyclable material that ensures reliable performance, enhances equipment safety, and offers protection against extreme vibrations, temperatures, shocks, and humidity. Consequently, polyamide in EPD is extensively applied in consumer electronics, aerospace, defense, transportation, automotive, electrical and electronics, construction, healthcare, power generation, and telecommunication industries across the globe.
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What are the growth prospects and trends in the polyamide in electronics protection devices (EPD)?
The market is primarily driven by the significant expansion in building and construction activities due to the growing population. In addition, the rising product use in building components, such as insulated protective materials, exterior panels, and electronic component housing, are contributing to the market growth. In line with this, the rising product demand in residential and commercial construction to safeguard lighting systems, electrical junction boxes, wiring, and heating, ventilation, and air conditioning (HVAC) equipment is influencing the market growth.
Moreover, the widespread adoption of polyamide-based EPDs, such as conduit systems, enclosures, covers, cases, and terminal blocks, widely utilized to protect electronic components, cables, and printed circuit boards (PCBs) in the electrical and electronics industry, represents another major growth-inducing factor. Besides this, the escalating demand for consumer electronics products, such as smartphones, tablets, gaming consoles, wearables, audio systems, and laptops, is accelerating the product adoption rate. Along with this, the expanding automotive industry and the increasing demand for EPDs to protect wiring harnesses, connectors, motors, onboard electronics, and sensors from electrical faults are propelling the market growth. Apart from this, the market is growing at different rates in numerous regions, with Asia-Pacific being the largest polyamide in EPD market due to the growing safety concerns, various technological advancements, and the implementation of several government initiatives.
Moreover, the industry is expected to face competition in the upcoming years as various key players are implementing competitive strategies to sustain their presence in the market. Furthermore, various government initiatives to promote the use of EPDs to ensure safety standards, growing demand for lightweight and durable EPDs, extensive research and development (R&D) activities, increasing adoption of automation and robotics in industries, and the rising demand for electric vehicles (EVs), are creating a positive market outlook across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Insights:
- PA 6
- PA 66
- PA 4,6
- PA 612
- Others
Application Insights:
- MCB
- MCCB
- Relays
- Contactors
- Terminal Blocks
Breakup by Geography:
- 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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