Specialty Polyamide Market is projected to be worth USD 4.7 Billion by 2030, registering a CAGR of 6.25% during the forecast period (2022 - 2030).
The specialty polyamides market size is growing USD 4.7 billion at a CAGR of 6.25% during the forecast period. Polyamides contain more special properties than conventional ones. The prominent properties of this compound are lightweight, recyclable properties and exceptional performance. Instead of natural polyamides, specialty ones are used as synthetic alternatives. There is toughness, flexibility, and resistance. The use of specialty polyamides is popular in many industries. Especially, automotive and electrical industries have the highest usage of this chemical.
The developments in chemical engineering are expected to create growth opportunities in the market. These specialty polyamides are also alternatives used for silk and cotton textiles. Due to the humidity and temperature resistance are used in the versatile application. Especially, the fuel efficiency features of this component attract many end-users. Many high-end vehicles use speciality polyamides o achieve fuel efficiency.
There are stringent government regulations that increase the overall adoption of polyamide. Also, as these speciality polyamides are recyclable use of this is encouraged by the government. The use of this chemical in consumer goods is also gaining prominence. Growing economies such as the Asia Pacific are raising their overall investments. All these are the factor that will influence the market value of specialty polyamides.
Study Objectives of Specialty Polyamide Market:
Huntsman Corporation is acquiring CVC specialties. This acquisition will happen for 300 million dollars. This acquisition helps in the manufacture of various types of adhesives. Through this development, the portfolio of the market is expected to grow. The overall composites and adhesives will have an increased supply.
BASF is acquiring the business of Solvay’s business for about 1.436 billion. The acquisition of the company is expanding its portfolio in the forecast period. there are innovative products in the market due to this acquisition. Better plastics engineering solutions are offered by the company. All this will increase the profitability of the market.
APAC will be the ruling market for global specialty polyamide, accounting for USD XX Million and is expected to grow over $XX Million by 2022 followed by North America and Europe. With rising in the development of emerging economies can cause countries like China, India, and Brazil to contribute more amount of share in this market.
Europe and Row are the growing market for global specialty polyamide market and are expected to grow at a CAGR of 14.5 % respectively from 2022 to 2030.
Geographic Analysis: The report covers brief analysis of geographical region includes
North America US Canada
Europe Germany France Italy Netherlands U.K. Rest of Europe
APAC China India Japan Rest of Asia-Pacific
RoW South America Middle East Africa
|Market Size||2030: USD 4.7 billion|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Evonik Industries AG, BASF SE, Arekma SA, Asahi Kasei Corporation, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, LG Chem, Ltd., Solvay S.A., INVISTA S.à r.l., and Radici Group|
|Key Market Opportunities||Agreements, Collaborations, Product Launches|
|Key Market Drivers||
The specialty polyamides market is estimated to reach USD 4.7 Billion by 2030. growing at 6.25% CAGR
Demand for lightweight vehicles, growing automotive industry, and demand for durable coating material are boosting market growth.
Key competitors in the specialty polyamide market include Radici Group, INVISTA S.à r.l., Solvay S.A., LG Chem, Ltd., E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Asahi Kasei Corporation, Arekma SA, BASF SE, and Evonik Industries AG.
Different strategies adopted by industry players to maintain dominance in the specialty polyamide market include agreements, collaborations, product launches, and others.
Transportation sector is expected to dominate the specialty polyamide market.
It finds extensive applications in electronics, industrial coatings, consumer goods, energy, and transportation.