Polyamide 12 (PA12) Market Overview, Consumption Pattern and Demand Analysis till 2022
Global Polyamide 12 (PA12) Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Polyamides are long chain polymers containing amide units (N-H- C=O) that are obtained by polymerization of an acid with an amide. Polyamide 12 (PA 12) is a thermoplastic with a general formula [HN(CH2)11CO]n. The factors driving the market include excellent chemical and thermal resistance, high stability, and low density on the part of polyamide 12. The factors that are playing a major role in the growth of the market are growing demand in oil and gas pipeline application, aerospace & defense, and healthcare sector; excellent electrical insulation, and government initiatives and funding. However, high cost may restrain overall market growth in the years to come. The market is segmented based on product type, end-user, and region.
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