Global Polyamide market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research
What Is The Size Of Global Polyamide Industry?
Global Polyamide market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Polyamide Market is largely driven by increase in demand from the construction and coating industries, growing demand from other end-use industries, and the waterproof characteristics of polyamide.
Polyamide is being increasingly adopted in different industries for its waterproof nature and ability to withstand moisture. Waterproof polyamide textiles are being used by several industries to create various goods. Due to its waterproof qualities, it is frequently used to produce athletic and outdoor clothes. During the projected period, increasing demand for sports apparel, home textile materials, swimsuits, backpacks, and hiking apparel is anticipated to fuel the demand for polyamides.
The increasing threat from substitute products like polypropylene and polyvinylidene fluoride (PVDF), is anticipated to slow the rate of expansion of the global polyamide market. When compared to its counterpart, PVDF is a non-reactive thermoplastic that possesses finer qualities.
Furthermore, conversely, polyamide has a lesser degree of elasticity, a higher degree of wear resistance, a tougher surface, and a higher degree of UV resistance. In contrast, polypropylene is easier to handle and has higher elasticity, tensile strength, and smoothness, along with a lower elongation percentage. In recent years, PVF is significantly being used as a replacement for polyamide fishing lines.
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Global Polyamide Market By Product
The Global Polyamide market is segmented by Product into Polyamide 6, Polyamide 66, Bio-based Polyamide, Specialty Polyamide and Others.
The Polyamide 6 product segment held the largest share of the Global Polyamide Market in 2022.
PA 6’s special qualities make it a suitable product substitution for materials like bronze, gunmetal, steel, brass, aluminum, and plastics, among others. The producers of electrical protection devices are promoting segmental expansion.
During the projection period, the demand for polyamide 6 is also estimated to rise as a result of the incorporation of PA 6 for its tensile strength. It is adopted in the premium carpet industry, fishing nets, and travel accessories. To make automobiles lighter and more fuel-efficient, polyamide is used to replace metal parts.
Global Polyamide Market By Application
The Global Polyamide Market is segmented by Application into Engineering, Plastics, Textiles, Electronics and Electrical, Sports Equipment, Automotive, Consumer Goods & Appliances and Others.
Automotive application segment held the largest market share in the Global Polyamide Market in 2022.
The increased use of polyamide in place of metal in the automobile industry to create the interior, structural, and technical parts of vehicles can be attributed to the growing demand for polyamide in the industry.
The production of cooling systems, rock valve covers, and structural elements made of glass-reinforced plastic based on polyamides is a significant driver driving the market’s expansion.
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Key Topics Covered in the Report
- Snapshot of Global Polyamide Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Polyamide Market
- Historic Growth of the Overall Global Polyamide Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Polyamide Market
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- COVID-19 Impact on the Overall Global Polyamide Market
- Future Market Forecast and Growth Rates of the Total Global Polyamide Market and by Segments
- Market Size of Product / Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Polyamide Market in Major Regions
- Major Production / Consumption Hubs in the Major Regions
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Regions
Major Players Profiled in the Report
- Honeywell International Inc.
- BASF SE
- Evonik Industries AG
- DuPont de Nemours Inc.
- Teijin Limited
- LANXESS AG
- Invista
- Solvay SA
- Koninklijke DSM NV
- Domo Chemicals GmbH
- Mitsubishi Chemical Holdings
Emerging Companies Mentioned in the Report
- Toray Industries, Inc.
- Premier Chemical Industries
- Ter Chemicals Distribution Group
- Norelem
- Viscofan Group
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