USD 33.44 billion
Polyamides Market Size, Share, Growth Analysis, By Type(Aramid, polyamide (pa) 6, polyamide (pa) 66, and polyphthalamide), By Application(3D printing, aerospace, automotive, building and construction), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25M2047 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
68
|Figures:
76
Polyamides Market Insights
Polyamides Market size was valued at USD 33.44 billion in 2021 and is poised to grow from USD 39 billion in 2023 to USD 45 billion by 2030, at a CAGR of 8% during the forecast period (2023-2030).
The automotive industry is continuously exploring lightweight materials to improve fuel efficiency and reduce emissions. Polyamides have been increasingly used in the production of lightweight components, such as engine covers, air intake manifolds, and structural parts, contributing to the overall trend of lightweighting in vehicles.
With the focus on circular economy and waste reduction, there have been advancements in recycling technologies for polyamides. The development of improved recycling processes has made it possible to recycle polyamide materials, reducing the environmental impact and supporting the closed-loop approach.
The electrical and electronics industry has been a key consumer of polyamides due to their electrical insulating properties and mechanical strength. With the increasing demand for electronic devices, including smartphones, wearables, and smart home appliances, the use of polyamides in this sector has seen steady growth.
Polyamides are lightweight and offer excellent mechanical properties, making them attractive materials for industries seeking fuel-efficient solutions and reducing carbon footprints. As industries like automotive and aerospace emphasize fuel efficiency, the demand for polyamides has increased.
Furthermore, there is a rising trend in the market for bio-based polyamides due to their environmentally friendly nature. This increased demand for eco-friendly alternatives contributes to the growing popularity of bio-based polyamides.
US Polyamides Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Automotive
Fastest Growth
Automotive
Growth Rate
8% CAGR
Global Polyamide Market ($ Bn)
Country Share for North America Region (%)
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Polyamides Market Segmental Analysis
The global polyamides market is segmented into type, application, and region. Based on type, the market is segmented into aramid, polyamide (pa) 6, polyamide (pa) 66, and polyphthalamide. Based on application, the market is segmented into 3D printing, aerospace, automotive, building and construction, electrical and electronics, industrial and machinery, and packaging. Based on region, the market is segmented into North America, Latin America, Asia Pacific, Europe, and MEA.
Polyamides Market Analysis By Application
The 3D Printing segment emerged as the dominant market in 2022 and is expected to experience substantial growth throughout the forecast period from 2023 to 2030. The remarkable expansion of the 3D printing industry in recent years has significantly contributed to the increased demand for polyamides in this field.
Polyamide filaments have become widely utilized in 3D printing due to their exceptional mechanical properties, offering high strength and durability to printed objects. This trend has been instrumental in driving the demand for polyamides within the 3D printing sector. Furthermore, polyamide-based powders have also found significant application in 3D printing, particularly for industrial purposes. These powders serve as essential materials for the production of intricate and customized parts.
Global Polyamide Market By End Use Industry
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Polyamides Market Regional Insights
The Asia-Pacific region dominates the polyamide market in terms of market share during the forecast period. This can be attributed to the increasing demand for polyamide in the region. The dominant position of Asia-Pacific is driven by the growing applications of polyamide in the food packaging and automotive industries, as well as the rising demand for processed food products.
In terms of growth rate, North America is expected to be the fastest developing region during the projected period. This is primarily due to factors such as the availability of raw materials, a strong textile industry, and the export of textiles to more than 200 countries. Additionally, the growth of the automotive sector further contributes to the revenue growth of the polyamide market in this region.
Global Polyamide Market By Geography
- Largest
- Fastest
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Polyamides Market Dynamics
Polyamides Market Drivers
Rise in Demand from Automotive Sector
- The automotive sector is a significant consumer of polyamides, using them in various applications such as engine components, electrical connectors, and interior parts. The growing automotive industry, particularly in emerging markets, has driven the demand for polyamides.
- Polyamides are lightweight and offer excellent mechanical properties, making them attractive materials for industries seeking fuel-efficient solutions and reducing carbon footprints. As industries like automotive and aerospace emphasize fuel efficiency, the demand for polyamides has increased.
Polyamides Market Restraints
Fluctuating Price of Raw Materials
- The production of polyamides involves the use of petroleum-derived raw materials, and fluctuations in crude oil prices can significantly impact the cost of production. Price volatility can lead to uncertainty in the market and affect profit margins for manufacturers.
- While polyamides offer several advantages, including lightweight and high performance, they are still derived from fossil fuels and are not fully biodegradable. Increasing environmental concerns and regulatory pressures on plastic waste management may impact the growth of polyamides as consumers and industries seek more sustainable alternatives.
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Polyamides Market Competitive Landscape
Key players in the global polyamides market are investing in research and development activities to stay ahead in the competition. They are adopting various strategies such as mergers & acquisitions, collaborations, and expanding product portfolios.
Polyamides Market Top Player’s Company Profiles
- Ascend Performance Materials (U.S.)
- Invista (U.S.)
- Arkema (France)
- Evonik (Germany)
- RTP Company (US)
- KRAIBURG TPE GMBH & CO. KG (Germany)
- KURARAY CO., LTD (Japan)
- SABIC (South Arabia)
- LG Chem, (South Korea)
- Huntsman International LLC (US)
- LyondellBasell Industries Holdings B.V. (US)
- Exxon Mobil Corporation (US)
- KRATON CORPORATION (US)
- Lubrizol (US)
- Celanese Corporation (US)
- Asahi Kasei Corporation (Japan)
- TSRC (Taiwan)
- Tosoh (Taiwan)
Polyamides Market Recent Developments
- In November 2022, Celanese Corporation successfully finalized the acquisition of DuPont's Mobility & Materials ("M&M") business.
- In September 2022, LANXESS unveiled an innovative and environmentally friendly polyamide resin called Durethan ECO.
- In July 2022, BASF SE disclosed its intentions to expand the production capacity of its ultramid polyamide grade in India. The expansion aims to cater to this growing demand and ensure an adequate supply of ultramid polyamide in the market.
Polyamides Key Market Trends
Focus on Sustainable and Bio-Based Polyamides
- Sustainability has become a significant trend in the plastics industry, including the polyamides market. Manufacturers and consumers are increasingly seeking more environmentally friendly options. As a result, there has been a growing interest in bio-based polyamides derived from renewable sources such as castor oil, which have a lower carbon footprint compared to traditional petroleum-based polyamides.
Polyamides Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global polyamides market analyses, the global polyamides market will witness substantial growth during the forecast period. Manufacturers have been investing in research and development to create high-performance polyamide grades with improved properties, such as enhanced heat resistance, UV stability, and chemical resistance. These advanced polyamides cater to specific industry requirements and expand the application possibilities. Nanotechnology has been leveraged to enhance the properties of polyamides further. The incorporation of nanomaterials, such as nanoparticles and nanofibers, can improve mechanical strength, thermal stability, and barrier properties, leading to innovative polyamide-based products with enhanced performance characteristics.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 33.44 billion |
| Market size value in 2031 | USD 45 billion |
| Growth Rate | 8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polyamides Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polyamides Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polyamides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyamides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyamides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polyamides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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