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Polyamides Market Size, Analysis, Share, & Growth [2031]

Polyamides Market

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Segments - 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 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

Arkema
BASF SE
DuPont
Royal DSM
Kuraray Co. Ltd
Ascend Performance Materials
AdvanSix
UBE Corporation
Domo Chemicals
TORAY INDUSTRIES, INC.

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.

In November 2020, Ascend Value Materials introduced new grades of its HiDura long-chain polyamides. It offers exceptional dimensional stability and improves chemical resistance.

Table Of Content

1. Executive Summary
2. 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 (000â€™ 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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