Polyamide Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Over the years, polyamides have made strong uphold in the large number of industries owing to its characteristics like good chemical and temperature resistance; provide strength, toughness, and stiffness; and resist wear and abrasion. Industries like automobile including transportation, electrical & electronics, and packaging are some of the major consumers of polyamides owing to its industry preferred properties like lower weight couple with help in reducing the cost without compromising on quality. In automobile industry, polyamide is used mainly as engineered plastics in underhood parts, intake manifold, fuel system, airbag container, and it is also used in exterior parts. The use of polyamide in automobile helps in cost cutting, weight reduction, and higher fuel efficiency. Moreover, polyamides are widely used in electrical & electronics industry owing to its excellent thermal, electrical, mechanical properties. Thus, increasing investment in electrical & electronics industry to improve the transmission & distribution of power and increasing semiconductor production boost the demand of polyamide. However, currently, most the polyamide is derived using crude-oil based raw materials owing to which price of polyamide raw materials is highly dependent on international crude-oil market, which is highly fluctuating, thus manufactures finds difficulty in maintaining profit margins.
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According to UnivDatos Market Insights (UMI)’ research report “Global Polyamide Market”, the market is expected to showcase growth of ~6% during the forecast period 2021-2027. Increasing population couple with improving spending power; growing investment in electrical & electronics industry; recovering automobile industry; and large and growing base of end-use industries are some of the key attributable factors for the growth of the market

Based on type, the market is categorized into PA 6, PA 66, Aramid, and Others. Among these, PA 6 and PA 66 are among the largest consumed polyamides owing to their usage in wide range of industries due to their properties and cost. Automobile, textile, and electrical & electronics are among the largest end-user of PA 6 and PA 66.

Based on application, the market is categorized into engineered plastics, fibers, and adhesives. Among these, engineered plastics held the significant share in the market owing to its vast usage in automobile, packaging, and electrical & electronics industries. The demand of polyamides has increased with the increasing focus of automobile companies on vehicle weight reduction. In engineered plastics application, polyamides are commonly used as co-polymers (for example co-polymers of 6 and 66) and compounded with other materials.  These materials include glass beads, glass fibers and carbon fibers.

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Asia pacific accounted for the significant share in the Polyamide market

Asia Pacific accounted the prominent share in the global polyamide market and is expected to retain its position during the forecast period. This can be attributed to large and growing manufacturing sector in the region, rising population, improving standard of living, and increasing foreign investment in the regional countries. The demand of polyamides are mainly from automotive, textile, electrical & electronics, and packaging industries. The region is the largest market of automotive both in terms of production and sales. Further, regional countries like China and Bangladesh are hub for the global textile industry owing to low labor cost and vast workforce. Further, to increase the local industrial production governments in many regional countries are taking various initiatives to lure the western companies in order to open facilities in the region. Owing to such factors, demand of polyamides is expected to rise during the foreseeable future.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global polyamide market include BASF SE, AdvanSix Inc., Ube Industries Ltd., Domo Chemicals NV, Toray Industries Inc., DuPont de Nemours Inc., Royal DSM N.V., Arkema S.A., Kuraray Co. Ltd., and Lanxess AG. These companies are taking several strategic decisions to meet the growing demand and increase their market share. For instance:

·        In October 2021, Arkema S.A. announced that the construction of a polyamide 11 powders plant in Changshu, China. It is expected to be operational by first quarter of 2023. The construction is in parallel with company’s project to increase global capacity of bio-based polyamide 11 by 50% in Singapore. With investment, the company will support the growing demand of bio-based materials in Asia

·        In January 2020, BASF SE announced that the company has completed the acquisition of Solvay’s polyamide (PA 66) business. The transaction broadens BASF’s polyamide capabilities with innovative and well-known products such as Technyl. This will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility

“Global Polyamide Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.      By Type (PA 6, PA 66, Aramid, and Others)

2.      By Application (Engineered Plastics, Fibers, and Adhesives)

3.      By End-User (Automotive, Electrical & Electronics, Consumer Goods & Appliances, Packaging, Textile, and Others)

4.      By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

5.      By Company (BASF SE, AdvanSix Inc., Ube Industries Ltd., Domo Chemicals NV, Toray Industries Inc., DuPont de Nemours Inc., Royal DSM N.V., Arkema S.A., Kuraray Co. Ltd., and Lanxess AG)

Key questions answered in the study:

1.      What are the current and future trends of the global Polyamide industry?

2.      How the industry has been evolving in terms of type, application, and end-user?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global Polyamide industry?

5.      What are the customer orientation, purchase behavior, and expectations from the global Polyamide suppliers across various region and countries?

Table of Content –

1. MARKET INTRODUCTION

2. RESEARCH METHODOLOGY OR ASSUMPTION

3. MARKET SYNOPSIS

4. EXECUTIVE SUMMARY

5 GLOBAL POLYAMIDE MARKET COVID-19 IMPACT

6 GLOBAL POLYAMIDE MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY END-USER

10 MARKET INSIGHTS BY REGION

11 POLYAMIDE MARKET DYNAMICS

12 POLYAMIDE MARKET OPPORTUNITIES

13 POLYAMIDE MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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