Polyamides Market Size, Analysis, Share, & Growth [2031]
Polyamides Market Size, Analysis, Share, & Growth [2031]
Segments - Polyamides Market by Type (Polyamide 6/6, Polyamide 6, Polyamide 66, Kevlar, and Others), 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 Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-691
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| 190 Pages
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Report Description
The global polyamides market size was USD 35 bn in 2022 and is likely to reach USD 52 bn by 2031, expanding at a CAGR of 5.10% during 2023–2031. The market growth is attributed to the rising polyamide utilization in the production of insulation materials, pipes, industrial brushes, and others.
Polyamide refers to a polymer with numerous adaptable properties and applications and significant demand in various end-user industries such as textile, automotive, machinery, electronics, packaging, and coatings.
These polyamides arise in form of silk and wool among others and are further synthesized artificially into the 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. Polyamides addition to the Polyphthalamide (PPA) lowers glass transition temperature and melting point, which makes the polyphthalamide blends easier to process.
Bio-based polyamides are gaining popularity in the market due to their 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 favorable and unfavorable impacts on the polyamides market. The demand for various healthcare and medical products, such as pharmaceutical packaging, temperature guns, and others have increased, which is likely to boost the market.
On the other hand, many companies in the polyamide market have been on a halt to comply with the government regulation which directly impacts the revenue flow. However, the government’s steps and strategies have helped to neutralize the situation. This pandemic has encouraged key players to implement advanced technologies to overcome these challenges and expand market growth.
Polyamides Market Dynamics
The global polyamide market report has up-to-date insights that help in formulating a strategic roadmap about the estimated market scenario and performance during 2023 to 2031.
What are the Drivers of the Polyamides Market?
Expanding the automotive industry in developed and developing countries is projected to propel the polyamide market during the forecast period. The growing need for lightweight materials in the automobile and transportation industries is the major factor driving the market growth. High demand in the automotive industry for polyamide to form air intake manifolds, engine covers, valve covers, and airbag containers. These factors are also used metals, but the polyamide makes them lighter, and more fuel sufficient for cars.
What Restraints the Polyamides Market?
The fluctuating crude oil prices are increasing and restraining the growth market. Crude oil prices have influenced the production of petrochemicals, adipic acid, production of hexamethylenediamine, and caprolactam. However, competition from elastomer-based alternatives and rigid government regulations are anticipated to impede the market growth.
What are the Opportunities in the Polyamides Market?
Research & development (R&D) investment and technological advancement in the polyamides sector is expected to offer lucrative opportunities for the market players. Polyamide is used in vehicles to substitute metal with plastic, which has increased demand in the polyamide market. However, the need for lightweight raw materials in the transportation and automobile sectors is increasing and to extend beneficial opportunities to the market players in the coming years.
Polyamides Market Scope of the Report
The global polyamides market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Polyamides Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2020–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Type (Polyamide 6/6, Polyamide 6, Polyamide 66, Kevlar, and Others) Application (Moisture-absorbent, Chemical-resistant, Temperature-resistant, Aesthetic, and Colorable) and End-user (Automotive, Aerospace and Defense, Electrical and Electronics, Packaging and Storage, Extrusion, Textile, and Other End-user Industries) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Market Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Arkema; BASF SE; DuPont; Royal DSM; Kuraray Co. Ltd; Ascend Performance Materials; AdvanSix; UBE Corporation; Domo Chemicals; and TORAY INDUSTRIES, INC. |
Polyamides Market Segment Insights
Which Major Factors influence the Significant Growth of the Polyamide 6/6 Segment?
Based on type, the polyamides market is segregated into polyamide 6/6, polyamide 6, polyamide 66, kevlar, and others. The polyamide 6/6 segment is expected to account for a key market share during the forecast period owing to its applications and features over its substitutes which include high mechanical strength, stiffness, fatigue resistance, high mechanical damping ability, and wear resistance.
What are the Major Reasons for Rising Sales in Chemical-resistant Segment?
Based on application, the 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.
Temperature-resistant is another considerable bi-product of polyamide which plays a crucial role in various industries including the pharmaceutical and automotive industry.
What are the Main Aspects for Boosting the Automotive Segment?
Based on end-users, the 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, owing to the wide usage of polyamide. It is used in the production of automotive parts such as engine covers, airbag containers, interior & exterior automotive parts, and others.
Why is Asia Pacific Dominating the Global Polyamides Market?
In terms of region, the global polyamides market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to increasing demand for polyamide. The Asia Pacific dominates the market due to the increasing application of food packaging and automotive industries and increased demand for processed food products.
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 market growth.
Segments
The global polyamides market has been segmented on the basis of
Type
- Polyamide 6
- Polyamide 6
- Polyamide 66
- Kevlar
- Others
Application
- Moisture-absorbent
- Chemical-resistant
- Temperature-resistant
- Aesthetic
- Colorable
End-user
- Automotive
- Aerospace and Defense
- Electrical and Electronics
- Packaging and Storage
- Extrusion
- Textile
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the market are Arkema; BASF SE; DuPont; Royal DSM; Kuraray Co. Ltd; Ascend Performance Materials; AdvanSix; UBE Corporation; Domo Chemicals; and TORAY INDUSTRIES, INC.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.
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In November 2020, Ascend Value Materials introduced new grades of its HiDura long-chain polyamides. It offers exceptional dimensional stability and improves chemical resistance.
Frequently Asked Questions
Some of the key global polyamides market players are Arkema; BASF SE; DuPont; Royal DSM; Kuraray Co. Ltd; Ascend Performance Materials; AdvanSix; UBE Corporation; Domo Chemicals; and TORAY INDUSTRIES, INC.
For region analysis, Asia Pacific dominates the global polyamides market during the forecast period.
The segments provided in the global polyamides market report are type, application, and end-user.
The global polyamides market is estimated to register a compound annual growth rate (CAGR) of around 5.10% during the forecast period.
The global polyamides market size was valued at around USD 35 billion in 2022 and is likely to reach USD 52 billion by 2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyamides Market 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 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 Market - Supply Chain
4.5. Global Polyamides Market Market Forecast
4.5.1. Polyamides Market Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polyamides Market Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Polyamides Market Market Absolute $ Opportunity
5. Global Polyamides Market Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Polyamides Market Market Size and Volume Forecast by Types
5.3.1. Polyamide 6
5.3.2. Polyamide 6
5.3.3. Polyamide 66
5.3.4. Kevlar
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Polyamides Market Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Polyamides Market Market Size and Volume Forecast by Applications
6.3.1. Moisture-absorbent
6.3.2. Chemical-resistant
6.3.3. Temperature-resistant
6.3.4. Aesthetic
6.3.5. Colorable
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Polyamides Market Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Polyamides Market Market Size and Volume Forecast by End Users
7.3.1. Automotive
7.3.2. Aerospace and Defense
7.3.3. Electrical and Electronics
7.3.4. Packaging and Storage
7.3.5. Extrusion
7.3.6. Textile
7.3.7. Others
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Polyamides Market Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Polyamides Market Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Polyamides Market Demand Share Forecast, 2019-2026
9. North America Polyamides Market 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
9.2. North America Polyamides Market Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Polyamides Market Market Size and Volume Forecast by Types
9.4.1. Polyamide 6
9.4.2. Polyamide 6
9.4.3. Polyamide 66
9.4.4. Kevlar
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Polyamides Market Market Size and Volume Forecast by Applications
9.7.1. Moisture-absorbent
9.7.2. Chemical-resistant
9.7.3. Temperature-resistant
9.7.4. Aesthetic
9.7.5. Colorable
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Polyamides Market Market Size and Volume Forecast by End Users
9.10.1. Automotive
9.10.2. Aerospace and Defense
9.10.3. Electrical and Electronics
9.10.4. Packaging and Storage
9.10.5. Extrusion
9.10.6. Textile
9.10.7. Others
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Polyamides Market Demand Share Forecast, 2019-2026
10. Latin America Polyamides Market 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. Latin America Average Pricing Analysis
10.2. Latin America Polyamides Market Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Polyamides Market Market Size and Volume Forecast by Types
10.4.1. Polyamide 6
10.4.2. Polyamide 6
10.4.3. Polyamide 66
10.4.4. Kevlar
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Polyamides Market Market Size and Volume Forecast by Applications
10.7.1. Moisture-absorbent
10.7.2. Chemical-resistant
10.7.3. Temperature-resistant
10.7.4. Aesthetic
10.7.5. Colorable
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Polyamides Market Market Size and Volume Forecast by End Users
10.10.1. Automotive
10.10.2. Aerospace and Defense
10.10.3. Electrical and Electronics
10.10.4. Packaging and Storage
10.10.5. Extrusion
10.10.6. Textile
10.10.7. Others
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Polyamides Market Demand Share Forecast, 2019-2026
11. Europe Polyamides Market 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. Europe Average Pricing Analysis
11.2. Europe Polyamides Market Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Polyamides Market Market Size and Volume Forecast by Types
11.4.1. Polyamide 6
11.4.2. Polyamide 6
11.4.3. Polyamide 66
11.4.4. Kevlar
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Polyamides Market Market Size and Volume Forecast by Applications
11.7.1. Moisture-absorbent
11.7.2. Chemical-resistant
11.7.3. Temperature-resistant
11.7.4. Aesthetic
11.7.5. Colorable
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Polyamides Market Market Size and Volume Forecast by End Users
11.10.1. Automotive
11.10.2. Aerospace and Defense
11.10.3. Electrical and Electronics
11.10.4. Packaging and Storage
11.10.5. Extrusion
11.10.6. Textile
11.10.7. Others
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Polyamides Market Demand Share Forecast, 2019-2026
12. Asia Pacific Polyamides Market 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. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Polyamides Market Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Polyamides Market Market Size and Volume Forecast by Types
12.4.1. Polyamide 6
12.4.2. Polyamide 6
12.4.3. Polyamide 66
12.4.4. Kevlar
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Polyamides Market Market Size and Volume Forecast by Applications
12.7.1. Moisture-absorbent
12.7.2. Chemical-resistant
12.7.3. Temperature-resistant
12.7.4. Aesthetic
12.7.5. Colorable
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Polyamides Market Market Size and Volume Forecast by End Users
12.10.1. Automotive
12.10.2. Aerospace and Defense
12.10.3. Electrical and Electronics
12.10.4. Packaging and Storage
12.10.5. Extrusion
12.10.6. Textile
12.10.7. Others
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Polyamides Market Demand Share Forecast, 2019-2026
13. Middle East & Africa Polyamides Market Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Polyamides Market Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Polyamides Market Market Size and Volume Forecast by Types
13.4.1. Polyamide 6
13.4.2. Polyamide 6
13.4.3. Polyamide 66
13.4.4. Kevlar
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Polyamides Market Market Size and Volume Forecast by Applications
13.7.1. Moisture-absorbent
13.7.2. Chemical-resistant
13.7.3. Temperature-resistant
13.7.4. Aesthetic
13.7.5. Colorable
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Polyamides Market Market Size and Volume Forecast by End Users
13.10.1. Automotive
13.10.2. Aerospace and Defense
13.10.3. Electrical and Electronics
13.10.4. Packaging and Storage
13.10.5. Extrusion
13.10.6. Textile
13.10.7. Others
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Polyamides Market Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Polyamides Market Market: Market Share Analysis
14.2. Polyamides Market Distributors and Customers
14.3. Polyamides Market Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. Arkema
14.4.2. BASF SE
14.4.3. DuPont
14.4.4. Royal DSM
14.4.5. Kuraray Co. Ltd
14.4.6. Ascend Performance Materials
14.4.7. AdvanSix
14.4.8. UBE Corporation
14.4.9. Domo Chemicals
14.4.10. TORAY INDUSTRIES, INC
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