Polyamide 12 Market is predicted to reach USD 0.53 billion at a CAGR of 6.7% during the forecast period

Pune, India, August 2023, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Polyamide 12 Market.


Market Highlights


Market Research Future (MRFR) has published a cooked research report on the “Polyamide 12 Market” that contains information from 2023 to 2032. The Global Polyamide 12 Market is estimated to register a CAGR of 6.7% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the Global Polyamide 12 Market— Evonik Industries AG, Toray Industries Inc, EMS-Chemie Holding AG, Merck KGaA, RTP Company, Dow DuPont, and Arkema SA.


Market Highlights


The Global Polyamide 12 Market is accounted to register a CAGR of 6.7% during the forecast period and is estimated to reach USD 0.53 Billion by 2032.


Global Polyamide 12 Market refers to the worldwide market for polyamide 12, also known as nylon 12. Polyamide 12 is a high-performance thermoplastic polymer that exhibits excellent mechanical properties, chemical resistance, and thermal stability.


The demand for polyamide 12 is highly dependent on the growth of industries that utilize this material in their products, such as automotive components, electrical connectors, and industrial equipment. The overall economic health of countries and regions plays a vital role in determining the demand for polyamide 12. Robust economic growth often leads to increased consumption across industries.


Segment Analysis


The Global Polyamide 12 Market has been segmented based on type and application.


On the basis of type, the market is segmented into General Grade, Reinforced and Plasticized. The reinforced segment dominated the market, accounting for 42% of market revenue in 2022. The use of reinforced polyamide 12 types has expanded in several market segments, such as the automobile, aviation, and defense sectors. 


Based on application, the market has been segmented into automotive, consumer goods, oil & gas and electrical & electronics. The automotive segment dominated the market, accounting for 43% in 2022. Rising passenger vehicle sales, especially in emerging markets, are expected to drive consumer interest in polyamides for automotive purposes.


Regional Analysis


The Global Polyamide 12 Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Polyamide 12 Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Polyamide 12 Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Polyamide 12 Market comprises of Middle East, Africa, and Latin America.


The North American region was a significant consumer of Polyamide 12. The demand for PA 12 in North America was driven by its widespread applications in the automotive, aerospace, and industrial sectors. The region's strong manufacturing base and emphasis on technological advancements in various industries contributed to the demand for PA 12.


Europe was another prominent market for Polyamide 12. Countries such as Germany, France, Italy, and the United Kingdom were key consumers of PA 12, owing to their well-established automotive and industrial sectors.


The Asia-Pacific region was a rapidly growing market for Polyamide 12. The rising industrialization, urbanization, and increasing disposable income in Asia-Pacific led to an upswing in various end-user industries that utilized PA 12 in their products.


 Furthermore, the rest of the world's Global Polyamide 12 Market is divided into the Middle East, Africa, and Latin America. Other regions, including Latin America, the Middle East, and Africa, also contributed to the global polyamide 12 market, with various industries adopting this material for their products.


Key Findings of the Study



  • The Global Polyamide 12 Market is expected to reach USD 0.53 Billion by 2032, at a CAGR of 6.7% during the forecast period.

  • The North American region was a significant consumer of Polyamide 12. The demand for PA 12 in North America was driven by its widespread applications in the automotive, aerospace, and industrial sectors. The region's strong manufacturing base and emphasis on technological advancements in various industries contributed to the demand for PA 12.

  • Based on type, the market is segmented into Reinforced holding the largest market in 2022.

  • Evonik Industries AG, Toray Industries Inc, EMS-Chemie Holding AG, Merck KGaA, RTP Company, DowDuPont and Arkema SA.


Read more Related Article - Polyamide 12 Market

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Base Year 2023
Companies Covered 15
Pages 449
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