Global high performance polyamide market

High Performance Polyamide Market Size, Share, Growth Analysis, By Polyamide Type (Polyamide 6T, Polyarylamide), By Manufacturing Process (Injection Molding, Blow Molding), By End-Use Industry (Automotive, Electrical & Electronics), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15A2355 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 120 | Figures: 77

High Performance Polyamide Market Dynamics

High Performance Polyamide Market Driver

Spiralling Demand from Automotive Industry will Bolster Demand for High Performance Polyamide in Global Market

  • The continuous expansion of the automotive industry, the rising demand for consumer products in emerging nations, and the expansion of the electronics and electrical sector are expected to drive market growth during the forecast period.
  • Overall increase in the electronics industry segment and the rising demand for various consumer electronics, including smartphones, contemporary smartwatches, tablets, and new laptops are anticipated to drive the global high performance polyamides market.
  • Additionally, the market for high-performance polyamides is being supported by the rising popularity of biopolyamides to offer producers attractive opportunities.

High Performance Polyamide Market Restraint 

Stringent Regulations to Hinder Market Growth during Forecast Period

  • Growing environmental regulations prohibit the widespread use of synthetic polyamides due to their detrimental effects on human health. This factor will negatively impact the market growth in the years to come.
  • High-performance polyamides are expensive which will hinder their growth in the global market. The presence of various alternatives will also be an obstacle to market growth.
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FAQs

Global High Performance Polyamide Market size was valued at USD 2.8 billion in 2023 and is poised to grow from USD 3.01 billion in 2024 to USD 5.23 billion by 2032, growing at a CAGR of 7.2% during the forecast period (2025-2032). 

Global high performance polyamides market is fragmented due to the presence of many players in the market which result in high competition in the market landscape.Major players use product quality offered and technology employed to produce high-performance poly amides as the basis for competition. They use various strategies such as mergers and acquisitions, collaboration and strategic partnership, and new product development and launches to fortify their consumer base and plan for market expansion and growth. 'BASF SE (Germany) ', 'Arkema S.A. (France) ', 'Solvay S.A. (Belgium) ', 'Evonik Industries AG (Germany) ', 'Asahi Kasei Corporation (Japan) ', 'Mitsui Chemicals, Inc. (Japan) ', 'Toray Industries, Inc. (Japan) ', 'LANXESS AG (Germany) ', 'Kuraray Co., Ltd. (Japan) ', 'EMS-Chemie Holding AG (Switzerland) ', 'Royal DSM N.V. (Netherlands) ', 'DuPont de Nemours, Inc. (USA) ', 'Celanese Corporation (USA) ', 'Ube Industries, Ltd. (Japan) ', 'Teijin Limited (Japan) ', 'Sumitomo Chemical Co., Ltd. (Japan) ', 'Honeywell International Inc. (USA) ', 'Ascend Performance Materials LLC (USA) ', 'RadiciGroup (Italy) '

Sustainable Choices will Shape the Future of Global High Performance Polyamide Market: Material suppliers have accelerated the development of resins and additives for improved sustainability in automobiles, particularly electric vehicles (EVs), as well as in electronics, packaging, and medical equipment. New engineering and commodity thermoplastics as well as new additives that are sustainable and replacements for their counterparts are expected to be seen. These new resins will have benefits including mechanically or chemically recycled content and materials and additives made from biobased feedstocks.

Globally, Asia Pacific held the highest share in the global market in the past few years. The major contributor for high performance polyamides market in this region are automobile as well as electrical & electronic industry. Medical & healthcare and construction also contribute significantly to the market in this region. Due to the rising demand for non-residential construction projects including hospitals, schools, and universities over the projected period, the construction sector is anticipated to increase significantly. This will increase demand for high-performance polyamides products, which will spur market growth. Examples of these products include cable glands, window systems, pipeline liners, strip terminal blocks, and corrugated pipes.

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Global high performance polyamide market

Report ID: SQMIG15A2355

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