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Polyamide demand to grow at CAGR 9.41%

Fiinews by Fiinews
April 3, 2019
in Investment, Manufacturing, Projects
Reading Time: 1 min read
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Industries driving demand growth

 

SRF Ltd.

 

The demand for polyamide in India is projected to grow at a CAGR of 9.41% during 2019-2030 to reach 657 KTPA by 2030. It was 206 KTPA in 2018.

As polyamide has enhanced chemical and mechanical properties such as tensile strength, its demand is growing in industries such as automotive, machinery, electrical & electronics, consumer goods & appliances and textiles.

Moreover, increasing polyamide use in the form of heat conducting polyamides in the electrical & electronics industry is expected to push the country’s polyamide market during 2019-2030.

Rising industrialization coupled with increasing demand for high-quality bio-based polyamides for automotive and sports applications are anticipated to drive the demand for polyamide in India during forecast period.

Some of the major players operating in the country’s polyamide market are Gujarat State Fertilizers & Chemicals Limited, SRF Limited and Century Enka Limited. fiinews.com

Tags: Century Enka Limited.Gujarat State Fertilizers & Chemicals LimitedResearchAndMarketsSRF Ltd
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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