Dublin, May 30, 2024 (GLOBE NEWSWIRE) -- The "Global Polyamide in Electronics Protection Devices Market by Product, Application, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global polyamide in electronics protection devices market continues to show robust growth, with projections indicating a significant increase in market size from US$ 377.5 Million in 2023 to US$ 510.9 Million by 2032
Demonstrating a stable Compound Annual Growth Rate (CAGR) of 3.42%, the market is benefiting from the dynamic expansion of the electrical and electronics sector, alongside increasing utilization in both residential and commercial construction. The ever-growing demand for advanced MCCBs utilizing high-performance polyamide 4,6 (PA 4,6) reflects the market's trend towards more sophisticated protection devices capable of sustaining high stress in various operational conditions.
Inherent properties of polyamide, such as high strength, durability, and electrical insulation, make it an ideal polymer for manufacturing electronic protection devices. Its application spans across MCBs, MCCBs, relays, and terminal blocks, offering enhanced protection against severe environmental conditions. Notable advancements in product applications within industries, including automotive, aerospace, defense, and telecommunications, are contributing to the market's growth trajectory, as these sectors require reliable EPD solutions.
Polyamide's role in safeguarding critical electronics in consumer devices further underscores its importance in today's tech-driven world. The protection of smartphones, tablets, and other consumer electronics against physical and electrical hazards is imperative for both user safety and device longevity, adding another layer of demand for polyamide-based EPDs.
Regional Market Insights and Future Outlook
Regionally, the Asia Pacific market currently leads the global perspective, propelled by initiatives that bolster safety standards and rapid technological evolution. However, all major regions are experiencing a positive market movement, supporting the prediction for the global market's consistent growth. Diving into the market segmentation offers an understanding of how various products and applications contribute to the overall expansion, with PA 6 and MCBs holding significant shares.
In conclusion, the market for polyamide in electronics protection devices is on an upward curve, integrating critical aspects of safety, innovation, and economic growth across a wide spectrum of industries. With the amplified focus on EPD quality and sustainability, the forecast period is set to witness a notable transformation in the global market landscape.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 136 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $377.5 Million |
| Forecasted Market Value (USD) by 2032 | $510.9 Million |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
Companies Featured
- 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
For more information about this report visit https://www.researchandmarkets.com/r/x4iqyx
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