Low Pressure Molding with Polyamides Market is Anticipated to Grow at a CAGR of 6.13 % During The Forecast Period 2017-2022, Says Esticast Research and Consulting
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As per the report “Low-Pressure Molding with Polyamides Market” By Type ( Auto type, Semi-auto type ), By Application ( Electronics, Automotive, Appliance ), Estimation & Forecast, 2017 – 2022.
In 2016, the amber and others segment generated the highest revenue share of the global hair extension market. Among major regions, Asia-Pacific was the highest revenue generating market in 2016.
“Low Pressure Injection Molding has emerged out as a much faster and cleaner substitute of encapsulation. The factors which are driving the market growth are the low viscosity of polyamides, less chances of damage, increased number of cycles per mold, high adhesiveness and others. However machine malfunctioning and temperature controlling issues are concerns faced by the market players.”
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Amber and others polyamide molding segment dominated the global market owing to the versatile use in different industries
Amber polyamides have wide application in encapsulating delicate and complicated semiconductor chips and boards, specifically used in consumer electronics and automotive. Transparent polyamides are naturally crystal clear in their appearance. They are highly preferred in devices and components such as flow meters, medical devices, filter housings, glazing, lamp housings, displays for mobile phones, game consoles, GPS devices, or in other electronic devices such as display screens, display screen films, or packages. Other semi-transparent/ translucent polyamides are also used as, protective sheaths for optical fibers, cable casings and optical fibers. As a result the segment holds a generous market share of around 55% of the global market.
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Electronics industry exhibited the largest application of low pressure molding with polyamide products
With a rapid boom in the electronics industry, the need for electronic manufacturers to effectively protect the fragile parts that make up their products grows as well. Low pressure molding has emerged as an effective solution to protect the fragile parts during the manufacturing process. This advanced method involves less time, lower temperatures, and requires little pressure. The segment held nearly 4/7th of the global market in 2016 and is expected to exhibit the same trend in the near future. However, the appliances and others segment is expected to witness the highest CAGR of 7.05% due to the high application of low pressure polyamide molding in the manufacturing of PCB and circuitry protection, switches, lighting display boards, power regulators, medical sensors and others.
Asia Pacific to lead the global low pressure molding with polyamide market, owing to the emerging electronics industry in the region
Asia–Pacific region includes some of the fastest developing countries of the world such as India, Japan and China. The electronic industry in these nations has been contributing significantly towards their development and has managed to secure an important position in the nation’s economy. In addition to this, the entrance of large multinational companies, and the initiation of homegrown companies in Asia Pacific, the electronics industry has become the leading export industry of most countries, particularly Singapore, Malaysia, Thailand, Taiwan, Korea, China and Philippines. Europe and North America will follow Asia-pacific market during the forecast period.
GLOBAL LOW PRESSURE MOLDING WITH POLYAMIDES MARKET SHARE BY GEOGRAPHY, 2016
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KEY FINDINGS OF GLOBAL LOW PRESSURE MOLDING WITH POLYAMIDES MARKET
- Global low pressure molding with polyamides market is expected to grow with a CAGR of 6.13 %
- The amber and others segment holds a generous market share of around 55% of the global market.
- The electronics industry held nearly 4/7th of the global market in 2016.
- Asia Pacific to lead the global low pressure molding with polyamide market, owing to the emerging electronics industry in the region.
GLOBAL LOW PRESSURE MOLDING WITH POLYAMIDES MARKET, 2012-2022
Some major companies of the market are Henkel, Bostik, Moldman, KY Chemical and Austromelt.