Polyamide Market Research Report Information By Type (PA 6, PA 66, Bio Polyamides & Specialty Polyamides), By Class (Aliphatic Polyamides (PA 4,6, PA 6,6, PA 6, PA 6,10, PA 6,9, PA 11), Semi-Aromatic & Aromatic Polyamides [PA 6T, PA 6I and Poly(p-phenylene Terephthalamide)], By Application (Fibers, Wire & Cables, 3D Printing, Sports Equipment, Engine Components, Brakes & Transmission Parts and Household Goods & Appliances), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

Global Polyamide Market Overview

Polyamide Market Size was valued at USD 39 Billion in 2022 and is projected to grow from USD 45 Billion in 2023 to USD 66 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2023 - 2030). The major growth of this market is due to the increasing demand for polyamide 6 and polyamide 66 from the automotive industry are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Polyamide Market Trends

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  Growing Adoption from Automotive Sector to boost market growth

  
  

Owing to the expanding automotive industry, demand for polyamide is expected to rise in the coming years. Therefore, during the forecast period, the high demand for polyamides in the automotive industry is projected to fuel the growth of the Polyamide Market. One of the main factors driving development is the growing need for lightweight materials in the automobile and transportation industries. In addition, rising vehicle fuel economy issues and high demand for green solutions are expected to fuel commodity demand.

Demand for polyamide has grown in recent years as a result of large-scale developments in the automotive industry, where it is commonly used. Asia-Pacific has seen a rise in demand for luxury cars due to an increase in customer buying power, which has resulted in increased consumption of polyamide in this area. Increasingly, polyamide is being used in vehicles to substitute metal with plastic, which has contributed to a rise in demand in the polyamide market. The increasing popularity of bio-based polyamides is expected to be an advantage in the future. Therefore, such factors related to Polyamide have enhanced the Polyamide market CAGR across the globe in recent years.

Polyamide Market Segment Insights

Polyamide Type Insights

The Polyamide Market segmentation, based on type, includes PA 6, PA 66, Bio Polyamides & Specialty Polyamides. The PA 6 segment held the majority share in 2022 of the Polyamide Market revenue. PA 6 (Polyamide 6) is one of the most commonly used types of polyamide, along with PA 66 (Polyamide 66).

Polyamide Class Insights

The Polyamide Market segmentation, based on class, includes Aliphatic Polyamides (PA 4,6, PA 6,6, PA 6, PA 6,10, PA 6,9, PA 11), Semi-Aromatic & Aromatic Polyamides [PA 6T, PA 6I and Poly(p-phenylene Terephthalamide. The Aliphatic Polyamides segment held the majority share in 2022 of the Polyamide Market revenue. Aliphatic polyamides, also known as aliphatic nylons, are a type of polyamide that exhibits excellent resistance to ultraviolet (UV) light, chemicals, and abrasion. They are widely used in various applications, including coatings, adhesives, and automotive parts.

Polyamide Application Insights

Based on application, the Polyamide Market segmentation includes Fibers, Wire & Cables, 3D Printing, Sports Equipment, Engine Components, Brakes & Transmission Parts and Household Goods & Appliances. The 3D Printing segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. The 3D printing industry has been growing rapidly in recent years, and the demand for polyamides in 3D printing has also been on the rise. Polyamide filaments are widely used in 3D printing due to their excellent mechanical properties, high strength, and durability. Additionally, polyamide-based powders are also used in 3D printing, particularly for industrial applications. These all factors for Polyamide positively impact the market growth.

Figure 2: Polyamide Market, by Type, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Polyamide Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific region is a significant consumer of polyamides due to its growing population, increasing urbanization, and expanding industrial sectors such as automotive, electronics, and packaging. The demand for polyamides in these sectors is driven by their excellent mechanical properties, durability, and versatility. Moreover, the shift towards eco-friendly and sustainable products has further propelled the demand for bio-based and recycled polyamides in the region. Government regulations and initiatives that promote the use of sustainable materials have also supported the growth of the polyamides market in the region.

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

Figure 3: POLYAMIDE MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s Polyamide market accounts for the third-largest market share. Europe is a significant consumer of polyamides, and its demand is driven by various end-use industries such as automotive, packaging, and textiles. Polyamides are used in the production of automotive components, such as fuel lines, engine covers, and air intake manifolds, due to their excellent mechanical properties and resistance to high temperatures. In addition, the packaging industry is also a major consumer of polyamides in Europe, particularly in food packaging applications, where they offer excellent barrier properties, preventing moisture and oxygen from entering the packaging and prolonging the shelf life of food products. Further, the Germany Polyamide market held the largest market share, and the UK Polyamide market was the fastest-growing market in the European region.

The North American economy is powered by the growth of numerous end-use. The U.S. automotive sector is also marked by an overwhelming demand for expensive quality vehicles and is predicted to see a rise in sales in the coming years. The U.S. consumer goods industry is estimated to be driven largely by increasing consumer income levels and low inflation. In addition, key players in the industry are pursuing bold and new strategies to capitalize on growth, create alliances, or acquire other businesses to obtain access to a broader customer base and exploit market solutions. During the forecast period, these variables are projected to fuel U.S. commodity demand.

Moreover, the U.S. Polyamide market held the largest market share, and the Canada Polyamide market was the fastest-growing market in the North American region.

Polyamide Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Polyamide market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Polyamide industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Polyamide. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Polyamide industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Polyamide industry to benefit customers and expand the market sector. Major Polyamide market players, including BASF SE, Evonik Industries AG, Lanxess, Arkema, DuPont, EMS-CHEMIE HOLDING AG, Mitsui Chemicals, Inc, Toray Industries Inc, KOLON PLASTIC INC, AdvanSix Inc, and others, are attempting to increase market demand by funding R&D initiatives.

BASF SE is a German multinational chemical company. BASF operates in six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment produces basic chemicals, intermediates, and specialties such as solvents, plasticizers, and monomers. The Materials segment produces plastics, foams, and urethane systems for the automotive, construction, and appliance industries. The Industrial Solutions segment produces coatings, performance materials, and specialty chemicals for various industries including construction, automotive, and energy. The Surface Technologies segment produces coatings, catalysts, and battery materials for various applications. The Nutrition & Care segment produces ingredients for the food, feed, and personal care industries. The Agricultural Solutions segment produces crop protection products and seeds. BASF is also one of the leading producers of polyamides in the world, offering a wide range of products such as Ultramid, Capron, and Vestamid. The company's polyamide products are used in various applications such as automotive, electrical and electronics, and consumer goods.

Evonik Industries AG is a German specialty chemicals company. Evonik operates in four business segments: Specialty Additives, Nutrition & Care, Smart Materials, and Performance Materials. The Specialty Additives segment produces various products such as coatings, adhesives, and surfactants for various applications in industries including automotive, construction, and electronics. The Nutrition & Care segment produces ingredients for food, animal nutrition, personal care, and pharmaceutical industries. The Smart Materials segment produces specialty polymers and materials for industries such as energy, electronics, and coatings. The Performance Materials segment produces high-performance polymers and materials for various industries including automotive, healthcare, and oil and gas.

Key Companies in the Polyamide market includes

• BASF SE


• Evonik Industries AG


• Lanxess


• Arkema


• DuPont


• EMS-CHEMIE HOLDING AG


• Mitsui Chemicals, Inc


• Toray Industries Inc


• KOLON PLASTIC INC among others

Polyamide Industry Developments

November 2021: BASF announced that it has opened a new Research & Development (R&D) facility at Ansan, Korea’s Engineering Plastics Innovation Center (EPIC).

August 2022: Toray Industries, Inc., announced that it has completed a mass production system and initiated sales of Toraypearl PA6. 

Polyamide Market Segmentation

Polyamide Type Outlook

• PA 6


• PA 66


• Bio Polyamides & Specialty Polyamides

Polyamide Class Outlook

• Aliphatic Polyamides (PA 4,6, PA 6,6, PA 6, PA 6,10, PA 6,9, PA 11)


• Semi-Aromatic & Aromatic Polyamides [PA 6T, PA 6I and Poly(p-phenylene Terephthalamide)

Polyamide Application Outlook

• Fibers & Wire & Cables


• 3D Printing


• Sports Equipment & Engine Components


• Brakes & Transmission Parts


• Household Goods & Appliances

Polyamide Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size 2022	USD 39 Billion
Market Size 2023	USD 45 Billion
Market Size 2030	USD 66 Billion
Compound Annual Growth Rate (CAGR)	8.00% (2023-2030)
Base Year	2022
Market Forecast Period	2023-2030
Historical Data	2018 & 2020
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Class, Application, and Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of the World
Countries Covered	The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	BASF SE, Evonik Industries AG, Lanxess, Arkema, DuPont, EMS-CHEMIE HOLDING AG, Mitsui Chemicals, Inc, Toray Industries Inc, KOLON PLASTIC INC
Key Market Opportunities	·         Polyamide is being used in vehicles to substitute metal with plastic, which has contributed to a rise in demand in this market
Key Market Dynamics	·         High demand for green solutions are expected to fuel commodity demand

 

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