Long-chain Polyamide Market Size 2022 By Growth Factors, Applications, Regional Analysis, Key Players
Long-chain Polyamide Market The adverse economic environment led to major job losses and pay cuts across the world and thereby affecting the demand for consumer electronics and automotive vehicles. Thus, the major long-chain polyamide manufacturers had to cut down their production outputs due to a drastic decline in demand from key end-use industries, including automotive and industrial goods. The outbreak of the CoVID-19 pandemic has adversely affected the global demand and supply of long-chain polyamides Size . Disruption of global shipping and logistics networks caused an acute shortage of key raw materials in the market and thereby driving up the raw material price. Moreover, key suppliers of raw materials, including Evonik Industries, Solvay, Ashland, PetroChina Company Limited, and Sumitomo Chemical Co., Ltd had to shut down their factories as per government guidelines. For instance, Evonik Industries closed its manufacturing plants temporarily in March 2022. The closing of r