Polyamide Market Size, Share, Growth Analysis, By Type(Polyamide 6 (PA6), Polyamide 66 (PA66), Polyamide 11 (PA11), Polyamide 12 (PA12) and others), By Application(Automotive, electronics, consumer goods, packaging), By End use industry(Automotive, electrical and electronics, healthcare, textiles and others), By Region - Industry Forecast 2024-2031

Global Polyamide Market features a highly competitive landscape with the presence of several key players vying for market share. Major companies operating in the market are actively engaged in strategic initiatives such as mergers and acquisitions, partnerships, and new product launches to strengthen their market position. Additionally, investment in research and development activities to introduce innovative polyamide solutions with enhanced properties is a common strategy adopted by market players. The competitive environment is characterized by intense rivalry, technological advancements, and a focus on sustainable manufacturing practices. Moreover, players are expanding their production capacities and global footprints to cater to the growing demand from various end-use industries. The competitive landscape in the global polyamide market is expected to witness further consolidation as companies strive to gain a competitive edge by offering a diverse range of high-performance polyamide products and solutions to meet the evolving needs of customers across industries.

Top Player’s Company Profiles

• BASF SE (Germany)

• Solvay SA (Belgium)

• DuPont de Nemours, Inc. (US)

• DSM NV (Netherlands)

• Lanxess AG (Germany)

• Ascend Performance Materials LLC (US)

• Radici Group (Italy)

• Evonik Industries AG (Germany)

• Invista (US)

• Asahi Kasei Corporation (Japan)

• Arkema SA (France)

• Mitsui Chemicals, Inc. (Japan)

• Ube Industries, Ltd. (Japan)

• Formosa Plastics Corporation (Taiwan)

• SABIC (Saudi Arabia)

• Domo Chemicals GmbH (Germany)

• Toray Industries, Inc. (Japan)

• Sumitomo Chemical Co., Ltd. (Japan)

• Lanxess Corporation (US)

• Victrex plc (UK)

Recent Development

• In October 2023, Toray Industries signed an agreement with Honda Motor to jointly develop chemical recycling technology for glass-fiber-reinforced polyamide (PA) 6 parts recovered from end-of-life vehicles. The partners have begun verifying a technology that entails depolymerization using subcritical water to obtain raw caprolactam. 
• In June 2023, Mitsui Chemicals announced the launch of its new Technoflon PA12 product line, which is designed for high-performance applications. 
• In May 2023, RadiciGroup announced the launch of its new Rilsan PA11 product line, which is designed for food-contact applications.