Polyamide Market Research Report - Forecast till 2030

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), By End-Use (Automotive, Electrical & Electronics, Textile, Aerospace & Defense, Packaging and Consumer Goods) - Forec

ID: MRFR/CnM/3826-CR | February 2021 | Region: Global | 338 Pages         

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Polyamide Market

The Polyamide Market is projected to witness substantial growth at a CAGR of over 5% to reach USD 38.56 Billion by the end of 2030.

By Type PA 6 PA 66 Bio Polyamides & Specialty Polyamides
By Class Aliphatic Polyamides Semi-Aromatic &Aromatic Polyamides
By Application Fibers Wire & Cables 3D Printing Sports Equipment Engine Components Brakes & Transmission Parts Household Goods & Appliances
By End-Use Automotive Electrical & Electronics Textile Aerospace & Defense
Key Players
Companies Profiled   BASF SE (Germany)   Evonik Industries AG (Germany)   Lanxess (Germany)   Arkema (France)   DuPont (US)   EMS-CHEMIE HOLDING AG (Switzerland)   Mitsui Chemicals    Inc (Japan)   Toray Industries Inc (Japan)   KOLON PLASTIC INC (South Korea)   AdvanSix Inc (US)
Market Driving Forces   Growing Adoption from Automotive Sector to Drive Market Growth   High demand for green solutions are expected to fuel commodity demand
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Polyamide Market Overview

According to MRFR, the Polyamide Market is projected to witness substantial growth at a CAGR of over 5% to reach USD 38.56 Billion by the end of 2030. The major growth of this market is due to the increasing demand for polyamide 6 and polyamide 66 from the automotive industry.

August 2022

DSM Engineering Materials has debuted a more sustainable version of its flagship polyamide (PA) product — StanylB-MB (Bio-based Mass Balanced) with up to 100% bio-based content. Using the maximum possible levels of biomass-waste feedstock, it enables DSM Engineering Materials to halve the carbon footprint of this product line and, by extension, of the StanylB-MB-based products of its customers.

The industry-first launch of a 100% bio-based high-temperature PA underlines the business’s ongoing commitment to helping customers fulfill their sustainability ambitions by supporting the transition to a circular and bio-based economy.

COVID-19 Analysis

The outbreak of coronavirus disease (COVID-19) and consequent lockdowns levied by governments of many countries have temporarily halted large end-use polyamide industries' activity. As a result, the industry is undergoing a downturn. Movement limitations tend to have a clear and immediate effect, and after the obligatory social gap has finished, it is assumed that things will return to normal circumstances. In addition, harmful effects on human health can create hindrances to the growth of the polyamide market during the forecast period.

April 2022

Having successfully completed the third-party certification process administered by DNV Business Assurance Ltd, Arkema will now introduce a range of advanced Rilsan polyamide 11 grades as well as a range of Oleris oleochemicals that are certified to meet the criteria of the SuCCESS sustainable supply chain code.

Foster/Mednet will be the new distributor for Arkema’s High-Performance Polymers for medical applications. Foster Corporation, Arkema’s primary High-Performance Medical Polymers distributor globally and historical partner will support MedNet by supplying them with their extensive range of compounds based on Arkema’s specialty polyamides and will bring their in-depth technical knowledge of Arkema’s high-performance polymers portfolio.

Competitive Landscape

Key Players Focus Mainly on Product Development

The global polyamide market is highly fragmented and different tactics, such as new product releases, extensions, alliances, joint ventures, collaborations, acquisitions, and others, have been used by major players to expand their presence in the polyamide market. Expansion, product growth, and agreement are some of the main tactics adopted by the global polyamide industry players.

  • BASF SE (Germany)

  • Evonik Industries AG (Germany)

  • Lanxess (Germany)

  • Arkema (France)

  • DuPont (US)

  • EMS-CHEMIE HOLDING AG (Switzerland)

  • Mitsui Chemicals, Inc (Japan)

  • Toray Industries Inc (Japan)

  • KOLON PLASTIC INC (South Korea)

  • AdvanSix Inc (US)

Market Dynamics


Growing Adoption from Automotive Sector to Drive Polyamide 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 global 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.


Growing R&D Investments to Create Growth Avenues for Polyamide Market Players

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.


Fluctuating Crude Prices to Impede Market Growth

However, fluctuating crude oil prices have influenced the production of petrochemicals and, consequently, the production of hexamethylenediamine, adipic acid and caprolactum. Therefore, the volatile prices of raw materials are likely to curb the growth of the global polyamide industry over the prognosis period. The development of the demand being studied is projected to be hampered by stringent government regulations and competition from elastomer-based alternatives. In addition, there is now an early warning of a relative downturn in the world economy. This would have a negative effect on the polyamide industry which could delay ongoing investment and development in the polyamide sector for a few years. 

October 2022

Ascend Performance Materials has launched ReDefyne, a portfolio of sustainable polyamides created with up to 100% pre-and post-consumer recycled polyamide 66 or 6 to provide a low carbon footprint and reliable performance, even in demanding applications.

ReDefyne combines the company’s expertise with integrated operations and its global application development expertise to produce a recycled polyamide that performs in areas recycled materials have typically been ruled out of.

Segmental Analysis

Global Polyamide has been segmented based on Type, Class, Application, and End-Use Industry.

By Type

The worldwide polyamide market has been divided into three segments by type, namely PA 6, PA 66, and bio polyamides & specialty polyamides. A significant market share of over 51 percent of the global market was kept in the PA 6 segment and is likely to rise at the fastest CAGR during the forecast period.

By Class

The demand for polyamides has been divided by class into aliphatic polyamides (class of nylon) and semi-aromatic & aromatic polyamides. In addition, the section of aliphatic polyamides (nylon class) is segmented into PA 4,6, PA 6,6, PA 6, PA 6,10, PA 6,9, PA 11, and others. Similarly, PA 6T, PA 6I, poly (p-phenylene terephthalamide, and others) are further classified into the semi-aromatic & aromatic polyamides category. In 2018, the aliphatic polyamides (nylon class) segment held a greater share of over 61 percent and is projected to record a CAGR of 5.2 percent during the forecast period.

By Application

The primary application segments covered under the framework of the report are fabrics, wire & cables, 3D printing, sports equipment, engine components, braking & transmission parts and household goods & appliances, among others. One of the fastest-growing segments in the global market is projected to be the 3D printing sector, while the engine parts segment is expected to have the largest share in the global polyamide market.

By End-Use

The global polyamide market has been divided into automobiles, electrical & electronics, textiles, aerospace & defence, packaging, consumer goods, and others by the end-use industry. In 2018, the automotive industry had the highest share of the polyamide market and a CAGR of 5.5% is expected to be registered during the assessment period.

August 2022

Toray Industries, Inc., announced today that it has completed a mass production system and initiated sales of Toraypearl PA6. This truly spherical polyamide 6 particle offers outstanding high strength, heat resistance, and surface smoothness for powder bed fusion 3D printers. The production facility for this offering should be fully operational by the fiscal year ending March 2026, and further expanding this business and lifting capacity will be insighted.

The outstanding performance characteristics of Toraypearl™PA6 enable 3D printing of complex and precise shapes as well as smooth surface, this can reduce the need for polishing and other post-processing stages.Regional Analysis

The geographical overview of the global polyamide market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.

Asia Pacific is projected to record the highest growth due to higher per capita income in developing markets, middle-class population growth, and increased living standards. The rapidly expanding automotive manufacturing industry is also supplementing the regional consumer demand for the commodity. The great driving forces for growth are the supply of low-cost raw materials and labour and increased purchasing capacity. Moreover, the global specialty polyamide suppliers are drawn by large untapped opportunities and friendly government policies to set up their production and distribution facilities in the region.

U.S. to be the Major Contributor for North America

The North American economy is powered by the growth of numerous end-use U.S. 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 capitalise 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.

Recent Development

November 2020: For engineered plastics, monofilaments, and cable links, Ascend Value Materials introduced many new grades of its HiDura long-chain polyamides. HiDura polyamide 610 and 612 have been developed to provide exceptional dimensional stability and long life with improved chemical, impact and abrasion resistance.

July 2020: The Board of Directors of BASF India approved the purchase of the company's 100% interest in BASF Value Polyamides from BASF Nederland B.V. BASF SE and BASF SE. The acquisition of BASF Value Polyamides will reinforce the role of the organisation as a leading industry service supplier and increase market penetration to key growth markets. 

Report Overview

By Type

  • PA 6

  • PA 66

  • Bio Polyamides & Specialty Polyamides

By Class

  • aliphatic polyamides (nylon class)

  • semi-aromatic & aromatic polyamides

By Application

  • Fibers

  • Wire & Cables

  • 3D Printing

  • Sports Equipment

  • Engine Components

  • Brakes & Transmission Parts

  • Household Goods & Appliances

  • Others

By End-Use Industry

  • Automotive

  • Electrical & Electronics

  • Textile

  • Aerospace & Defense

  • Packaging

  • Consumer Goods

  • Others

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 38.56 Billion
  CAGR   5% (2020-2027)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Class, Application, and End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), Evonik Industries AG (Germany), Lanxess (Germany), Arkema (France), DuPont (US), EMS-CHEMIE HOLDING AG (Switzerland), Mitsui Chemicals, Inc (Japan), Toray Industries Inc (Japan), KOLON PLASTIC INC (South Korea), AdvanSix Inc (US)
  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 Drivers   High demand for green solutions are expected to fuel commodity demand

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Frequently Asked Questions (FAQ) :

The Asia Pacific region has the chance to score the highest for the polyamides market in the coming years.

The notable players performing well for the global polyamides market are Honeywell International, Inc. (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), Dupont (U.S.), Asahi Kasei Corporation (Japan), Huntsman International LLC (U.S.), Formosa Plastics Corporation (Taiwan), Koninklijke DSM N.V. (the Netherlands), Arkema SA (France), and UBE INDUSTRIES, LTD (Japan).

Strategies like a merger, acquisition, collaboration, product innovation, launch, advertising, brand promotion, and others are going to be significant for the global polyamides market.

The engineering segment has the upper hand in the application segment of the polyamides market.

Factors like high standard performance, better efficiency, enhanced durability, notable reliability, and others are going to place the polyamides market ahead.