New York 10013, United States of America – March 22, 2022 —
Polyamide Market Overview
According to the recent survey, the global polyamides market size in 2020 is registered at $26.7 billion and is estimated to exhibit the highest CAGR of 5.4 % along with the market size of $40.6 billion during the forecast period 2020-2028.
Polyamides are found in both natural and synthetical products. These are naturally found in wool & silk, and synthetically in polyamide 6, nylon, aramid, and others. Artificial polyamides are having superior characteristics like wear resistance, strong mechanical qualities, low gas permeability, and chemical resistance. Due to its eco-friendly nature, bio-based polyamides are highly demanded in various applications. As it is highly temperature resistant, it gets populated with the growing demand for lead-free soldering in electronics manufacturing. This is highly preferred for electronic interconnections, conveyor systems, and trays as shielding material.
The rising demand for lightweight materials in transportation and automobiles is fueling the market growth. Upsurging the sales of passenger cars mainly in emerging countries may enhance the demand for polyamides in automotive applications. An increase in vehicle fuel economy issues and rising demand for green solutions are enhancing the market growth. The growing electrical and electronics industry is escalating the demand for polyamides and increasing the growth of the market.
The polyamides market opportunities are changing trends towards bio-based polyamide manufacturing and expansion of R & D activity in the industry is fostering the market growth. Moreover, it is used in vehicles as a metal substitute with plastic which propels the market growth.
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Key Players
The major market players in the market are
- Lanxess (Germany),
- DuPont (US),
- Mitsui Chemicals, Inc (Japan),
- AdvanSix Inc (US),
- BASF SE (Germany),
- Evonik Industries AG (Germany), and others.
Polyamide Market Segmentation
The polyamides market is analyzed into four forms such as type, class, application, and end-use industry.
Type Segmentation: The polyamides types are trifurcated into PA 6, PA 66 and bio polyamides & specialty polyamides.
Class Segmentation: Based on the class, the polyamide market is classified into aliphatic polyamides and semi-aromatic& aromatic polyamides.
Application Segmentation: The polyamides applications are categorized into various forms such as fabrics, wire& cables, sports equipment, 3D printing, engine components, braking & transmission parts, household goods & appliances, and others.
End-user Industry Segmentation: By end-use industry, the polyamides market is sectioned into textiles, electrical & electronics, automobiles, aerospace & defense, consumer goods, packaging, and others.
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Regional Classification
By the latest report, the global polyamides market based on region is analyzed into four major regions such as Asia-Pacific, North America, Europe, and the Rest of the World. Among them, Asia-Pacific is accounting for the largest market share due to high per capita income in developing markets, middle-class population growth, and expanded living standards. The rise in the automotive manufacturing industry is bolstering the market growth in this region.
Moreover, the availability of low-cost raw materials & labor, rising purchasing capacity is also escalating the market growth in this region. North America is expected to grow tremendously growth due to the rise in end-use industries like the automotive sector for expensive quality vehicles. Growing consumer income levels and low inflation is boosting the consumer goods industry in this region.
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Recent Development
November 2020: For engineered plastics, monofilaments, and cable links, Ascend Value Materials introduced many new grades of its HiDura long-chain polyamides. HiDura polyamide 610 and 612 have been developed to provide exceptional dimensional stability and long life with improved chemical, impact and abrasion resistance.
July 2020: The Board of Directors of BASF India approved the purchase of the company’s 100% interest in BASF Value Polyamides from BASF Nederland B.V. BASF SE and BASF SE. The acquisition of BASF Value Polyamides will reinforce the role of the organisation as a leading industry service supplier and increase market penetration to key growth markets.
Table of Content
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 26
1.1.1 GLOBAL POLYAMIDE MARKET, BY TYPE 26
1.1.2 GLOBAL POLYAMIDE MARKET, BY CLASS 27
1.1.3 GLOBAL POLYAMIDE MARKET, BY APPLICATION 28
1.1.4 GLOBAL POLYAMIDE MARKET, BY END-USE INDUSTRY 29
1.1.5 GLOBAL POLYAMIDE MARKET, BY REGION 30
2 MARKET INTRODUCTION
2.1 DEFINITION 31
2.2 SCOPE OF THE STUDY 31
2.3 MARKET STRUCTURE 32
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 33
3.2 PRIMARY RESEARCH 34
3.3 SECONDARY RESEARCH 35
3.4 MARKET SIZE ESTIMATION 36
3.5 FORECAST MODEL 37
3.6 LIST OF ASSUMPTIONS 37
4 MARKET DYNAMICS
4.1 INTRODUCTION 38
4.2 DRIVERS 39
4.2.1 GROWING TEXTILE INDUSTRY IN ASIA-PACIFIC 39
4.2.2 HIGH DEMAND FOR POLYAMIDES IN THE AUTOMOTIVE INDUSTRY 41
4.2.3 DRIVERS IMPACT ANALYSIS 42
4.3 RESTRAINT 42
4.3.1 VOLATILE RAW MATERIAL PRICES 42
4.3.2 RESTRAINT IMPACT ANALYSIS 43
4.4 OPPORTUNITY 44
4.4.1 PROJECTED INCREASE IN THE DEMAND FOR POLYAMIDES IN EMERGING ECONOMIES 44
4.5 TREND 45
4.5.1 GROWING POPULARITY AND DEVELOPMENT OF BIO-BASED POLYAMIDES 45
5 MARKET FACTOR ANALYSIS
5.1 GLOBAL POLYAMIDE MARKET GROWTH PROSPECT 47
5.2 RAW MATERIAL TREND ANALYSIS 48
5.3 SUPPLY CHAIN ANALYSIS 49
5.3.1 RAW MATERIAL SUPPLIERS 50
5.3.2 PRODUCERS 50
5.3.3 DISTRIBUTION CHANNEL 50
5.3.4 END-USE INDUSTRIES 50
5.4 PORTER’S FIVE FORCES MODEL 51
5.4.1 THREAT OF NEW ENTRANTS 51
5.4.2 THREAT OF SUBSTITUTES 52
5.4.3 BARGAINING POWER OF SUPPLIERS 52
5.4.4 BARGAINING POWER OF BUYERS 52
5.4.5 INTENSITY OF RIVALRY 52
5.5 REGULATORY FRAMEWORK ANALYSIS 53
5.6 PRICING ANALYSIS, 2017–2019 53
5.7 TRADE ANALYSIS 54
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