Polyamide 12 Market

Growing usage in retail goods production is driving market growth.

The rising usage in retail goods production drives the market CAGR for polyamide 12. The usage of polyamide 12 market share in the car sector has increased in terms of products and services. The primary goal is to increase the ability to spend, which is expected to increase market demand. Growing demand for lightweight cars drives the polyamide 12 industry forward. Rising passenger vehicle sales, especially in emerging markets, are expected to drive consumer interest in polyamides in automobile manufacturing. Rising expenditure on the vehicle sector is a further driver driving the expansion of the automobile market.

Additionally, the trends indicate signs of a change towards bio-based goods that benefit the market, particularly during the current projection period. The growing preference for bio-based goods is projected to lead to the development of fresh product tangs, which means the market share is predicted to climb and expand throughout the forecast time frame. Polyamide 12 demand is predicted to expand steadily from the 3-D printing sector during the long term projection, with 3-D printing growing acceptance across all segments of society and increasing use by medical device makers.

The onset of the Covid pandemic disease has severely impacted the polyamide 12 industry's size. Consequently, tragedies and lack of access to assets and trained workers further destabilize the economic scenario over the projection period. The emergence of an outbreak has brought about tremendous destruction and disruption, which may risk the market's growth and expansion goals for the time. The lawmakers produced some intense recollections in grasping a reliable method in dealing with the arrival. Nevertheless, rising instances and less information about the disease and careful procedures will aid the marketplace to run over an ideal scenario in the market.

The pandemic was a primary cause of the discomfort, and as a result, there was a necessity for forced lockdown and practical constraints, contributing to the misery. Due to the lockout, there had been a shortage of assets, unprocessed components, and competent work, which may have hampered the market's powers. Rising corporate speculation and asset availability are likely to promote new work initiatives for product improvements and diversification for the target audience dispersed throughout various places that are a part of the market.

For instance, by an Indian Brand Equity Foundation study published in February 2022, the car sector attracted US$ 30.78 billion in FDI in 2021. Furthermore, the Indian government anticipates that the vehicle sector will receive USD 8 to 10 billion in domestic and foreign investment by 2023. The expanding vehicle sector will help the overall market. Thus, it is anticipated that demand for Polyamide 12 will increase throughout the projection timeframe due to the rising usage in retail goods production. Thus, driving the Polyamide 12 market revenue.

Honda Motor signed an agreement with Toray Industries in October 2023 to develop chemical recycling technology for glass-fiber-reinforced polyamide (PA) 6 parts that were recovered by end-of-life vehicles. They have started the verification of a technology, which involves depolymerization via subcritical water for caprolactam raw materials extraction.

Mitsui Chemicals announced the introduction of its new Technoflon PA12 products range designed for high-performance applications in June 2023.

The Global Polyamide 12 Market Industry is projected to experience substantial growth, with estimates indicating a market value of 0.34 USD Billion in 2024 and a potential increase to 0.63 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 5.69% from 2025 to 2035. Such projections highlight the increasing adoption of Polyamide 12 across various sectors, driven by its unique properties and versatility. The anticipated growth underscores the material's significance in meeting the evolving demands of industries worldwide.

The Global Polyamide 12 Market Industry is witnessing significant growth due to the expanding applications of Polyamide 12 in 3D printing technologies. This material is favored for its superior strength and flexibility, making it ideal for producing complex geometries in various industries, including aerospace and healthcare. As 3D printing becomes more prevalent, the demand for high-performance materials like Polyamide 12 is expected to increase. The market is projected to reach 0.63 USD Billion by 2035, suggesting a compound annual growth rate of 5.69% from 2025 to 2035, as industries increasingly adopt additive manufacturing processes.

The Global Polyamide 12 Market Industry is experiencing a surge in demand from the automotive sector, driven by the need for lightweight and durable materials. Polyamide 12 is increasingly utilized in fuel lines, brake systems, and other critical components due to its excellent chemical resistance and mechanical properties. As automotive manufacturers strive to enhance fuel efficiency and reduce emissions, the adoption of advanced materials like Polyamide 12 is likely to grow. This trend is reflected in the projected market value of 0.34 USD Billion in 2024, indicating a robust growth trajectory as the automotive industry continues to innovate.

The Global Polyamide 12 Market Industry is significantly influenced by advancements in the oil and gas sector, where the material is utilized for its exceptional resistance to harsh chemicals and high temperatures. Polyamide 12 is employed in various applications, including pipelines and connectors, which are critical for maintaining operational efficiency and safety. As exploration and production activities expand globally, the demand for reliable materials like Polyamide 12 is likely to rise. This trend underscores the material's importance in ensuring the integrity of oil and gas infrastructure, further driving market growth.

The Global Polyamide 12 Market Industry is also benefiting from the increasing focus on sustainable materials and practices. Manufacturers are seeking alternatives that not only meet performance standards but also align with environmental regulations. Polyamide 12, being recyclable and derived from renewable resources, presents a viable option for companies aiming to reduce their carbon footprint. This shift towards sustainability is expected to bolster the market, as industries prioritize eco-friendly materials in their supply chains. The growing awareness of environmental issues is likely to enhance the demand for Polyamide 12 in various applications.

The Global Polyamide 12 Market Industry is propelled by ongoing technological innovations in material science, which enhance the properties and applications of Polyamide 12. Research and development efforts are focused on improving the material's performance characteristics, such as impact resistance and thermal stability. These advancements enable Polyamide 12 to be utilized in more demanding applications across sectors like electronics and consumer goods. As industries continue to seek high-performance materials, the innovations in Polyamide 12 are expected to drive market growth, reflecting the dynamic nature of material science.

By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Polyamide 12 market area will dominate this market during the projected timeframe, owing to well-established polyamide 12 manufacturing bases in the North American region.

Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Polyamide 12 Market Share by Region 2022 (USD Billion)Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe region’s Polyamide 12 market is expected to grow significantly during the projected timeframe because the region’s healthcare industry is anticipated to be credited to the expansion. So the region's facilitation will assist the market development at a consistent rate over the projected timeframe. Further, the German Polyamide 12 market holds the largest market share, and the UK Polyamide 12 market is expected to grow and expand rapidly in the European region during the projected timeframe.

The Asia-Pacific Polyamide 12 Market accounts for the second-highest market share during the projected timeframe. This is because of the quick growth of consumer demand due to APAC growth efforts and increased industrialization, which will boost overall market growth. Moreover, China’s Polyamide 12 market dominates the market share, and the Indian Polyamide 12 market is expected to grow and expand steadily in the Asia-Pacific region during the projected timeframe.

Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and product lines, which will help the Polyamide 12 market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with important market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings.

The Polyamide 12 industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.

Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the key business strategies organizations use in the Polyamide 12 industry to benefit customers and capture untapped market share and revenue. The Polyamide 12 industry has recently offered significant advantages to the automotive industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially.

Major players in the Polyamide 12 market, including Evonik Industries AG (Germany), EMS-Chemie Holding AG (Switzerland), RTP Company (US), Merck KGaA (Germany), DowDuPont (US), Arkema SA (France), Toray Industries, Inc (Japan), Ube Industries, Ltd. (Japan), Ensinger (Germany), Formulated Polymers Limited (India), is attempting to expand market share and demand by investing in research and development (R&D) operations to produce sustainable and affordable solutions.

Evonik Industries is a holding corporation specializing in producing specialty chemicals. It was formed in 1919 and had its headquarters in Essen, Germany. Food & Care, Energy Efficiency, Performance Resources, Solutions, and Other Operations are its business segments. In October 2021, Evonik began to supply subsequent ecological polyamide 12 molding materials to its clients. The business has revealed that some commercial VESTAMID products may now be manufactured using renewable energy sources at Evonik's Marl Chemical Park in Germany.

It has a better eco-balance: its greenhouse gas emissions are reduced by 40%, while the use of land and consumption of water is reduced by more than 99%.

Mitsubishi Chemical Corporation is a company that makes chemicals. The company creates, manufactures, and distributes health and performance care goods, building supplies, and other substances. They offer building, medicinal, power, and petrochemical services. They provide a wide range of goods, from components to useful goods, to help build the basis of many industries. Mitsubishi and AMP, an emerging German biomaterials start-up, have engaged in a select joint research and commercial business contract on PBT powder material for commercial 3D printing in June 2020. This collaboration allows MCC and AMP to extend their 3D printing product line significantly.