Global Polyamide Market - Industry Trends and Forecast to 2029

Market Analysis and Size

Polyamide is a few years older than polyester. Polyamide first produced before World War I, but it wasn’t formed commercially till 1938. Polyamide is also made from water, petroleum and other chemicals. But the way in which the chemicals are combined in polyamide is different than they are with polyester due to this it gives polyamide which is slightly different properties than polyester. Polyamide is common in textiles like carpets and clothing. It also often characteristics in the production of items that require both flexibility and strength which including gears, guitar picks fishing line, electrical connectors, and strings and medical implants.

Data Bridge Market Research analyses that the polyamide market was valued at USD 34.98 billion in 2021 and is expected to reach USD 51.88 billion by 2029, registering a CAGR of 5.05 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Report Scope and Market Segmentation

Market Definition

Polyamide is a polymer which held together with amide bonds. Fabrics like silk, wool and nylon are all the examples of polyamides. Silk and wool are natural polyamides, while nylon is synthetic polyamide. Synthetic polyamide thermoplastics are essential in engineering because they deliver high performance at a reasonable price. Polyamide may yield a woven form when it is produced as a fabric, or it may take a harder and sturdier structure when cast as a resin. It may sometimes be weaved for a unique blend of flexibility and strength

Polyamide Market Dynamics

Drivers

• Demand in automotive sector

Increase the demand in the automotive sector of polyamide to forms air intake manifolds, valve covers, engine covers, and airbag containers and used for external components such as wheel covers, handles, grilles, and fuel caps. These components can also use metal, but the polyamide makes them lighter, and more fuel-efficient for cars and also cuts down the production costs.

• High demand for bio based polyamide

Bio-based polyamides are one form of polyamide that are gaining traction due to the increasing environmental concerns by the consumption of fossil fuel-based polyamides. Their improved low moisture absorption rate, chemical resistance, and higher impact strength than their traditional counterparts have increased their usage in several applications like tires, sporting goods, cable jackets, carpets, and flexible gas and oil hoses. These factors are expected to drive the growth of the polyamide market.

• Usage in textile industry

Polyamides are used to manufacture the fibres and are produced in a variety of forms, as carpet filament, textile filament, and industrial filament. For example, for ropes. However, for both staple fibers and continuous filament, which are spun from the molten polymer at very high speeds there is great importance on controlling the polymer chemistry and the yarn is produced in order to confirm the production of the high quality material which has required for the particular purposes.

Opportunities

The widespread applications of the polyamide in the packaging industry overall the world will act as one of the major factors that will drive the market's growth. The increase in demand for polyamide in several sectors for example packaging, automotive, electrical and electronics, machinery, textiles, and consumer goods accelerate the market growth. The rise in the inclination towards polyamide comparison to metals in automotive air intake manifolds further influence the market. Moreover, the growth of the research and development and electrical and electronics industry positively affects the polyamide market. Moreover, development is the increasing need for lightweight raw materials in the transportation and automobile sectors to extend beneficial opportunities to the market players during forecast period.

Restraints/ Challenges

 Polyamides are very useful material but sometimes absorb water, which is unfavourable for the market because wetted polyamide has 50% less tensile strength than dry polyamide. Polyamide can also sometimes shrink when cast so these properties will hinder the polyamide market growth rate. Competition from elastomer-based alternatives and fluctuation in prices of raw materials are expected to hinder the polyamide market growth. The presence of stringent government rules is also expected to challenge the polyamide market during forecast period 

This polyamide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyamide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Polyamide Market

The polyamide industry was unaffected by COVID-19 pandemic but the lockdowns during pandemic posed a number of problems for industry participants which is including logistical difficulties in shipping end goods, disrupted supply chains, and recruiting staff from quarantines. The outbreak of coronavirus and government-imposed lockdowns have temporarily disturbed the activities of big end-use polyamide industries. Due to this, the growth of the industry is in a downward spiral. Moreover, It has negative effects on human health which are also expected to obstruct market expansion during the pandemic. 

Global Polyamide Market Scope

The polyamide market is segmented on the basis of type, class, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• PA 6
• PA 66
• Bio Polyamides
• Specialty Polyamides

 Class

• Aliphatic Polyamides
• Semi-Aromatic
• Aromatic Polyamides

Application

• Fibers
• Wire and Cables
• 3D Printing
• Sports Equipment
• Engine Components
• Brakes and Transmission Parts
• Household Goods and Appliances

 End User

• Automotive
• Electrical and Electronics
• Textile
• Aerospace and Defence
• Packaging
• Consumer Goods

Polyamide Market Regional Analysis/Insights

The polyamide market is analysed and market size insights and trends are provided by country, type, class, application and end-user as referenced above.

The countries covered in the polyamide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Asia-Pacific dominates the polyamide market in terms of market share over the forecast period. This is due to the growing demand for polyamide in this region. The Asia-Pacific region dominates the polyamide market because of the growing application of food packaging and automotive industries and the increase in demand for processed food products in this region.

During the projected period, North America is anticipated to be the fastest developing region because of raw materials and textiles and exporting textiles to more than 200 countries. Moreover, growth of automotive sector is also supporting the revenue growth of the market in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Polyamide Market Share Analysis

The polyamide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyamide market.

Some of the major players operating in the polyamide market are:

• BASF SE (Germany)
• LEALEA ENTERPRISE CO., LTD. (Taiwan)
• DSM (Netherlands)
• 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)

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