Polyamides Market by Category (Polyamide 6,6, Polyamide 6, Polyamide 66, Kevlar, and Other Product Types) Application (Moisture-absorbent, Chemical-resistant, Temperature-resistant, Aesthetic, and Colorable) End-user (Automotive, Aerospace and Defense, Electrical and Electronics, Packaging and Storage, Extrusion, Textile, and Other End-user Industries) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.
The polyamides market size was valued at USD 1.68 billion in 2019 and is estimated to register a substantial CAGR of over 6.8% during the forecast period, 2021–2028. The growth of the market is attributed to rising polyamides utilization in the production of insulation materials, pipes, industrial brushes and others which are further used in several end-user segments such as construction and building, electrical and electronics and automotive.
Polyamide refers to a polymer with numerous adaptable properties and applications and significant demand in various end-user industries such as textile, automotives, machinery, electronics, packaging and coatings. These polyamides arise in form of silk and wool among others and further synthesized artificially into product, polyamide 6, nylon and aramid are among the common artificially made polyamides. Artificial polyamides display applications such as low permeability to gases, good mechanical properties, resistance to wear and chemical resistance. Bio-based polyamides are gaining popularity in the market due to its eco-friendly properties. Polyamide 6 is the most dominant type among polyamides in terms of revenue and consumption due to its cost to performance ratio.
The Covid-19 pandemic had both favourable and unfavourable impact on the polyamides market. The demand for various healthcare and medical products, such as pharmaceutical packaging, temperature guns and others has increased which is likely to boost the market. On the other hand, many companies in the polyamides market has been on halt to comply with the government regulation which directly impacts the revenue flow. However, government’s steps and strategies have helped to neutralise the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Expanding automotive industry in developed and developing countries is projected to propel the polyamide market over the forecast period.
- It is favored by manufacturers in automotive industries owing to their high performance at moderate cost. Furthermore, the current rise in price of raw materials in automotive industry leads the manufactures to shift towards polyamide.
- Increasing disposable income of consumers and rising transportation activities across the globe are the key factors for the expansion of polyamide market.
- Rising demand of polyamide applications in electronics and coatings industry is expected to fuel the market growth
- Rising population and increase in the construction activities are projected to boost the market in near future.
- Polyamides are preferred in electrical and electronic sectors owing to its low cost of production and high performance factors such wear resistance and insulation properties.
- Competition from elastomer-based alternatives and rigid government regulations are anticipated to impede the market growth.
- R&D investment and technological advancement in polyamides sector are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the polyamides market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Polyamides Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Category (Polyamide 6,6, Polyamide 6, Polyamide 66, Kevlar, and Other Product Types) Application (Moisture-absorbent, Chemical-resistant, Temperature-resistant, Aesthetic, and Colorable) End-user (Automotive, Aerospace and Defense, Electrical and Electronics, Packaging and Storage, Extrusion, Textile, and Other End-user Industries) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Arkema, BASF SE, DuPont, Royal DSM and Kuraray Co. Ltd. |
Market Segment insights
The polyamide 6,6 segment is projected to constitute a large market share
Based on category, the polyamides market is segregated into polyamide 6,6, polyamide 6, polyamide 66, kevlar, and other product types. The polyamide 6,6 segment is expected to account for a key share of the market during the forecast period owing to its applications and features over its substitutes which includes high mechanical strength, stiffness, fatigue resistance, high mechanical damping ability and ware resistance.
Chemical-resistant segment is expected to register a substantial CAGR
Based on application, the polyamides market is divided into moisture-absorbent, chemical-resistant, temperature-resistant, aesthetic, and colorable. The chemical-resistant segment accounts for a key share of the market and is estimated to propel over the forecast period owing to its applications in automotive industries; however, temperature-resistant is another considerable bi-product of polyamide which plays a crucial role various industries including pharmaceutical and automotive industry.
The Automotive segment is anticipated to expand at a significant pace
Based on end-users, polyamides market is segregated into automotive, aerospace and defense, electrical and electronics, packaging and storage, extrusion, textile, and other end-user industries. The automotive segment is expected to account for a key share of the market during the forecast period.
North America is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to expand at a robust CAGR during the forecast period. The socioeconomic evolution and rising disposable income in these regions are anticipated to drive the market growth; however, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to increased applications of the polyamide.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyamides Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Polyamides Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polyamides Market - Supply Chain
4.5. Global Polyamides Market Forecast
4.5.1. Polyamides Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polyamides Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Polyamides Market Absolute $ Opportunity
5. Global Polyamides Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Polyamides Market Size and Volume Forecast by Applications
5.3.1. Moisture-absorbent
5.3.2. Chemical-resistant
5.3.3. Temperature-resistant
5.3.4. Aesthetic
5.3.5. Colorable
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Polyamides Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Polyamides Market Size and Volume Forecast by End Users
6.3.1. Automotive
6.3.2. Aerospace and Defense
6.3.3. Electrical and Electronics
6.3.4. Packaging and Storage
6.3.5. Extrusion
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Polyamides Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Polyamides Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Polyamides Demand Share Forecast, 2019-2026
8. North America Polyamides Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Polyamides Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Polyamides Market Size and Volume Forecast by Applications
8.4.1. Moisture-absorbent
8.4.2. Chemical-resistant
8.4.3. Temperature-resistant
8.4.4. Aesthetic
8.4.5. Colorable
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Polyamides Market Size and Volume Forecast by End Users
8.7.1. Automotive
8.7.2. Aerospace and Defense
8.7.3. Electrical and Electronics
8.7.4. Packaging and Storage
8.7.5. Extrusion
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Polyamides Demand Share Forecast, 2019-2026
9. Latin America Polyamides Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Polyamides Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Polyamides Market Size and Volume Forecast by Applications
9.4.1. Moisture-absorbent
9.4.2. Chemical-resistant
9.4.3. Temperature-resistant
9.4.4. Aesthetic
9.4.5. Colorable
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Polyamides Market Size and Volume Forecast by End Users
9.7.1. Automotive
9.7.2. Aerospace and Defense
9.7.3. Electrical and Electronics
9.7.4. Packaging and Storage
9.7.5. Extrusion
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Polyamides Demand Share Forecast, 2019-2026
10. Europe Polyamides Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Polyamides Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Polyamides Market Size and Volume Forecast by Applications
10.4.1. Moisture-absorbent
10.4.2. Chemical-resistant
10.4.3. Temperature-resistant
10.4.4. Aesthetic
10.4.5. Colorable
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Polyamides Market Size and Volume Forecast by End Users
10.7.1. Automotive
10.7.2. Aerospace and Defense
10.7.3. Electrical and Electronics
10.7.4. Packaging and Storage
10.7.5. Extrusion
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Polyamides Demand Share Forecast, 2019-2026
11. Asia Pacific Polyamides Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Polyamides Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Polyamides Market Size and Volume Forecast by Applications
11.4.1. Moisture-absorbent
11.4.2. Chemical-resistant
11.4.3. Temperature-resistant
11.4.4. Aesthetic
11.4.5. Colorable
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Polyamides Market Size and Volume Forecast by End Users
11.7.1. Automotive
11.7.2. Aerospace and Defense
11.7.3. Electrical and Electronics
11.7.4. Packaging and Storage
11.7.5. Extrusion
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Polyamides Demand Share Forecast, 2019-2026
12. Middle East & Africa Polyamides Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Polyamides Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Polyamides Market Size and Volume Forecast by Applications
12.4.1. Moisture-absorbent
12.4.2. Chemical-resistant
12.4.3. Temperature-resistant
12.4.4. Aesthetic
12.4.5. Colorable
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Polyamides Market Size and Volume Forecast by End Users
12.7.1. Automotive
12.7.2. Aerospace and Defense
12.7.3. Electrical and Electronics
12.7.4. Packaging and Storage
12.7.5. Extrusion
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Polyamides Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Polyamides Market: Market Share Analysis
13.2. Polyamides Distributors and Customers
13.3. Polyamides Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Arkema
13.4.2. BASF SE
13.4.3. DuPont
13.4.4. Royal DSM
13.4.5. Kuraray Co. Ltd
The polyamides market has been segmented on the basis of:-
Category
- Polyamide 6,6
- Polyamide 6
- Polyamide 66
- Kevlar
- Other Product Types
- Moisture-absorbent
- Chemical-resistant
- Temperature-resistant
- Aesthetic
- Colorable
- Automotive
- Aerospace and Defense
- Electrical and Electronics
- Packaging and Storage
- Extrusion
- Textile
- Other End-user Industries
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Arkema
- BASF SE
- DuPont
- Royal DSM
- Kuraray Co. Ltd
Key players competing in the polyamides market include Arkema, BASF SE, DuPont, Royal DSM and Kuraray Co. Ltd.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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