The latest report by IMARC Group, titled “Polyamide in Electronics Protection Devices (EPD) Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“.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.
Polyamide in electronics protection devices refers to the application of polyamide materials in the manufacturing of protective components used in the electronics industry. These components play a critical role in safeguarding sensitive electronic equipment from environmental factors, mechanical stress, and other potential hazards. Polyamide, known for its exceptional thermal and mechanical properties, is increasingly gaining prominence as a choice material for electronic protection devices. This is primarily due to its ability to provide reliable insulation, resistance to high temperatures, and durability, making it an ideal candidate for ensuring the longevity and optimal performance of electronic systems.
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Polyamide in Electronics Protection Devices (EPD) Market Trends and Drivers:
The market is experiencing significant growth driven by the expanding electronics industry, including the proliferation of smartphones, IoT devices, and consumer electronics that necessitates robust protection against moisture, dust, and physical damage. Polyamide, with its moisture-resistant properties, serves as a reliable solution to meet these demands. Additionally, the increasing emphasis on sustainability and environmental responsibility is shaping the market. Manufacturers are turning to eco-friendly polyamide options, which have low or zero volatile organic compounds (VOCs). This aligns with the growing awareness of the need for environmentally responsible practices in the electronics industry. The adoption of these sustainable materials ensures compliance with regulations and resonates with consumers who prioritize environmentally friendly products. As a result, the market is witnessing a steady rise in demand, driven by both technological advancements and a commitment to sustainability within the electronics sector.
Report 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
Market Breakup by Region:
- 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
Competitive Landscape with Key Player:
- 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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