Polyamide In Electronic Protection Device Market To Reach $609.5 Million By 2030

Polyamide In Electronic Protection Device Market Growth & Trends

The global polyamide in electronic protection device market size is expected to be valued at USD 609.5 million in 2030 and is projected to grow at a CAGR of 3.7% from 2024 to 2030. Polyamide in electronic protection device (EPD) is a cost-effective and environment-friendly material. It offers performance advantages such as abrasion and heat resistance, which has been encouraging EPD manufacturers to replace other thermoset materials with polyamides in EPDs.

Rapid industrialization and technological advancements pertaining to infrastructure in developing nations are factors likely to boost the demand for EPDs, and, in turn, trigger demand for polyamides in application areas such as switch gears. Increasing utilization of electronic appliances, coupled with high repair cost incurred due to short circuits at high temperature, is also contributing to increasing adaptation of polyamides for shielding purposes in these appliances.

Polyamide manufacturers are progressively trying to align their product development strategies with ongoing trends in the electrical component market. Consumers are switching to low-cost products without compromising on safety and performance. Manufacturers of electrical protection devices are constantly experimenting with different types of materials such as polystyrene, polyester, and polybutylene. However, these efforts have failed to match the performance results offered by polyamide.

DuPont, DSM, and BASF are front-runners in terms of innovation directed to improve the characteristics and performance of polyamides catering to electrical switchgear and appliances industries. BASF and DuPont have wide and diverse product portfolios under the polyamide segment. The companies offer polyamide 6 and 66 under various brands with distinctive and crafted characteristics to suit EPD requirements.

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Polyamide In Electronic Protection Device Market Report Highlights

• The Drag Embedment Anchors (DEA) captured the largest revenue share of 33.9% in 2023.

• Asia Pacific Polyamide In Electronic Protection Device market dominated the market and accounted for 38.9% of the total revenue in 2023.

• North America was valued at USD 356.4 million in 2023 and is projected to grow at a CAGR of 4.1% over the forecast period.

• The FPSO segment held a revenue share of 38.8% in 2023.

• Middle East and Africa region is expected to grow at the fastest CAGR of 4.9% over the forecast period.

Polyamide In Electronic Protection Device Market Segmentation

Grand View Research has segmented the global polyamide in electronic protection device market report based on type, anchorage, application and region:

Polyamide In Electronic Protection Device Product Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

• PA 6

• PA 66

• PA4,6

• High Temperature Polyamides

• Polyapthalmide

Polyamide In Electronic Protection Device End Use Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

• MCB

• MCCB

• Relay

• Contactor

• Terminal Blocks

Polyamide In Electronic Protection Device Regional Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Thailand

• Latin America

  • Argentina

  • Brazil

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in Polyamide In Electronic Protection Device Market

• UBE Corporation

• TORAY INDUSTRIES, INC.

• NILIT

• BASF

• Ascend Performance Materials

• DuPont

• DSM

• Huntsman International LLC.

• LANXESS

• Advansix