Engineering Plastics Segment Expected To Dominate The Global Polyamide 12 Market

Polyamide 12 Market The global Polyamide 12 Market is estimated to be valued at US$ 381.8 Bn in 2022 and is expected to exhibit a CAGR of 5.9% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Polyamide 12 is an engineering plastic known for its high melting point, low density and strong engineering properties. It finds extensive usage in precision parts, flexible tubing, oil pans, gears and bearings due to its high heat and wear resistance along with toughness. The material also offers advantages like chemical resistance, durability and ease of processing. Market key trends: The engineering plastics segment is expected to dominate the global polyamide 12 market over the forecast period. Polyamide 12 possesses properties which makes it an ideal material for engineering applications. Its high strength to weight ratio and melting point make it suitable for usage under extreme conditions. Also, polyamide 12 offer...