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The Global Polyamide Market was valued at USD 25.14 Billion in 2016 and is projected to reach USD 30.76 Billion by 2021, at a CAGR of 4.1% from 2016 to 2021.
The Global Polyamide Market was valued at USD 25.14 Billion in 2016 and is projected to reach USD 30.76 Billion by 2021, at a CAGR of 4.1% from 2016 to 2021.
The global biaxially oriented polyamide (BOPA) film market is expected to display higher growth rate in the upcoming period. Rapid surge in bi-axially oriented polyamide (BOPA) film market is credited to the growing demand for lightweight & durable materials in various end-user applications. Some of these applications include interior design industry, paper packaging, cosmetics sector, automobile industry, and footwear & packaging industry.
Globally, biaxially oriented polyamide (BOPA) film is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of biaxially oriented polyamide (BOPA).
BOPA films are used as a clear and printable thermoplastic, which has higher meting point in comparison with BOPP films. Biaxially oriented polyamide (BOPA) film also exhibits exceptional strength and toughness, and good oxygen barrier properties. Rapid adoption of linear simultaneous stretching line (LISIM) technique and increasing demand for balanced film with better dimensional stability and less shrinkage are considered as the key market trend associated with biaxially oriented polyamide (BOPA) film market over the past few years.
The biaxially oriented polypamnide (BOPA) film is formed with several decorative shades. The biaxially oriented polyamide film offer appalling look and pleasing feel. The biaxially oriented polyamide films offer additional advantages such as cost efficiency and lower density. The biaxially oriented polyamide films are also adopted for silky matte, and matte to glossy finish. Common application of biaxially oriented polyamide films include packaging in food & beverages sector.
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The biaxially oriented polyamide film market is broadly categorized into major segments based on the product type such as monolayer BOPA film, bilayer BOPA film, triple layer BOPA film, and multilayers BOPA film. Monolayer BOPA films. Monolayer BOPA film segment is growing rapidly in the BOPA film market with substantial revenue generation in the last few years. Growing popularity of monolayer BOPA film segment is attributed to the increasing product penetration and easy availability.
The biaxially oriented polyamide (BOPA) films market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies, surge in number of research & development activities and existence of well-established infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness slower growth rate.
Asia-Pacific region is estimated to hold a major share in the biaxially oriented polyamide (BOPA) film industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing manufacturing activities, rapid industrialization, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the biaxially oriented polyamide (BOPA) film market are Unitika Ltd., Green Seal Holding Ltd., Domo Chemicals, and A.J. Plast Public Co., Ltd.
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