Polyamide Market by Product (Aliphatic Polyamides, Aromatic Polyamides), Type (Bio-Based, Conventional), End-User Industries - Global Forecast 2024-2030
The Polyamide Market size was estimated at USD 46.39 billion in 2023 and expected to reach USD 49.09 billion in 2024, at a CAGR 5.91% to reach USD 69.35 billion by 2030.
The polyamide market includes the production, sales, and application of diverse synthetic polymers known as nylons, characterized by their durability, versatility, and lightweight properties. These materials are commonly employed in automotive, aerospace & defense, electronics & electrical appliances, packaging, and consumer goods manufacturing. Growing demand for lightweight materials in automotive applications for better fuel efficiency and increased need for high-performance components in aerospace and military sectors are driving the market growth. Moreover, the rising utilization of flexible packaging across various industries, including food products, beverages, and pharmaceuticals, propels market growth. Fluctuations in raw material prices of polyamides and water absorption and shrinkage issues associated with polyamides are restraining the market growth. Additionally, the ongoing research and developments for exploring sustainable alternatives such as bio-based polyamides derived from renewable sources have contributed to market expansion by offering environmentally friendly substitutes. In addition, expanding polyamide’s applications across 5G and wearable devices is expected to create significant growth opportunities in the market.
Regional Insights
The United States and Canada are significant consumers of polyamides in the Americas owing to the high demand from industries such as automotive, aerospace, electronics, packaging solutions, and textiles. The need for lightweight components in the automotive and aerospace sectors has led to a surge in polyamide usage to reduce weight and improve fuel efficiency. Additionally, increased investments in research and development aim to create sustainable alternatives for traditional materials. Europe represents a significant position in the global polyamide market due to its strict environmental regulations that promote green initiatives and sustainability within various industries. The recent adoption of circular economy action plans has accelerated investments in advanced materials that can be more efficiently recycled or repurposed after use. Innovations in food packaging technologies have led the EU countries to adopt biodegradable polyamides, contributing significantly to waste reduction efforts. Furthermore, in the Middle East & Africa (MEA) region, polyamide demand is primarily driven by oil & gas operations requiring high-performance materials that can withstand harsh conditions. China is one of the major and largest producers and consumers of polyamide materials in the Asia-Pacific region due to rapid economic growth and expanding automotive and textile industries. India and Japan are emerging as significant players in the market owing to increasing infrastructure investments and the adoption of advanced materials across various sectors.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Polyamide Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Growing need for high-performance components in aerospace, automotive, and military applications
- Rising utilization of flexible packaging across various industries
- Market Restraints
- Fluctuation in raw material prices of polyamides
- Market Opportunities
- Rising research & development to develop bio-based polyamides
- Expanding the applications of polyamides across 5G and wearable devices
- Market Challenges
- Water absorption and shrinkage issues with polyamides
- Market Segmentation Analysis
- Product: Growing demand for aliphatic polyamides for superior moisture absorption properties at a lower cost
- Type: Significant adoption of bio-based polyamides due to their environmental benefits
- End-User Industries: Increasing utilization in the automotive and consumer goods & appliances industries due to their extensive application scope
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Polyamide Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Polyamide Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Evonik Launches PA12 Powder for 3D Printing Based on Bio-Circular Raw Material
Evonik Industries AG is promoting a circular plastics economy in additive manufacturing by introducing a new grade of its polyamide 12 powder, called INFINAM eCO PA12. INFINAM eCO PA12 is a PA12 powder material for industrial 3D printing. This innovative material offers a proven reusability rate of 100 % for structure support powder, ensuring excellent processability and stable mechanical properties in 3D printed parts.
Radicigroup Inaugurates New Production Plant in India
RadiciGroup, a renowned global contributor to the production of engineering polymers, recently inaugurated its first industrial facility in India. This complex spans an impressive area of 19,000 square meters, with a dedicated manufacturing space of 11,000 square meters specifically for engineering polymers. With this strategic investment, RadiciGroup reaffirms its long-term commitment to the Indian market, expanding its global production network encompassing seven additional plants and multiple sales sites.
UBE Launches FDA-Approved Nylon For Advanced and More Sustainable Packaging Solution
UBE introduced UBE NYLON 5036B, a new high-performing co-polyamide grade approved by the U.S. FDA for food contact applications. This nylon grade offers recyclability and has a lower melting point (Tm 179°C) compared to other existing CoPA 6/6.6 grades. UBE NYLON 5036B is suitable for thermoforming due to its excellent processability, puncture resistance, mechanical properties, optical properties, and oxygen barrier.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Polyamide Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Polyamide Market, highlighting leading vendors and their innovative profiles. These include AdvanSix Inc., Aramid Hpm, LLC, Arkema Group, Asahi Kasei Corporation, Ascend Performance Materials Operations LLC, Avient Corporation, BASF SE, Beaulieu International Group N.V., Celanese Corporation, China National Bluestar (Group) Co, Ltd., DOMO Chemicals GmbH, DuPont de Nemours, Inc., EMS Group, Envalior GmbH, Evonik Industries AG, FUJIFILM Corporation, Gujarat State Fertilizers & Chemicals Limited, Huntsman Corporation, Huvis Corp., Hyosung Group, Koch Industries, Inc., Kolon Industries, Inc., Kuraray Co., Ltd., Lydall, Inc., Merck KGaA, Mitsubishi Gas Chemical Company Inc., Mitsui Chemicals, Inc., Radici Partecipazioni S.p.A., Roboze S.p.A., Royal DSM, Shanghai J&S New Materials Co.,ltd, Sinopec Corp., Sumitomo Chemical Co., Ltd., Taekwang Industrial Co., Ltd., Teijin Limited, Toray Industries, Inc., TOYOBO MC Corporation, UBE Corporation, X-FIPER New Material Co., Ltd., and Yantai Tayho Advanced Materials Co.,Ltd..
Market Segmentation & Coverage
This research report categorizes the Polyamide Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Aliphatic Polyamides
- Polyamide 11
- Polyamide 12
- Polyamide 6
- Polyamide 66
- Aromatic Polyamides
- Aramid
- Polyphthalamide
- Type
- Bio-Based
- Conventional
- End-User Industries
- Automotive
- Consumer Goods & Appliances
- Electrical & Electronics
- Packaging
- Textile & Carpets
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Aliphatic Polyamides
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing need for high-performance components in aerospace, automotive, and military applications
- 5.1.1.2. Rising utilization of flexible packaging across various industries
- 5.1.2. Restraints
- 5.1.2.1. Fluctuation in raw material prices of polyamides
- 5.1.3. Opportunities
- 5.1.3.1. Rising research & development to develop bio-based polyamides
- 5.1.3.2. Expanding the applications of polyamides across 5G and wearable devices
- 5.1.4. Challenges
- 5.1.4.1. Water absorption and shrinkage issues with polyamides
- 5.2. Market Segmentation Analysis
- 5.2.1. Product: Growing demand for aliphatic polyamides for superior moisture absorption properties at a lower cost
- 5.2.2. Type: Significant adoption of bio-based polyamides due to their environmental benefits
- 5.2.3. End-User Industries: Increasing utilization in the automotive and consumer goods & appliances industries due to their extensive application scope
- 5.3. Market Trend Analysis
- 5.3.1. Well-established supply chain of polyimide with significant production capabilities across Americas
- 5.3.2. Growing consumption and production of polyamide with availability of raw materials in the Asia-Pacific region
- 5.3.3. Growing emphasis on recyclable and bio-based polyamide coupled with robust presence of major chemical companies in the EMEA region
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Polyamide Market, by Product
- 6.1. Introduction
- 6.2. Aliphatic Polyamides
- 6.3. Aromatic Polyamides
- 7. Polyamide Market, by Type
- 7.1. Introduction
- 7.2. Bio-Based
- 7.3. Conventional
- 8. Polyamide Market, by End-User Industries
- 8.1. Introduction
- 8.2. Automotive
- 8.3. Consumer Goods & Appliances
- 8.4. Electrical & Electronics
- 8.5. Packaging
- 8.6. Textile & Carpets
- 9. Americas Polyamide Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Polyamide Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Polyamide Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Evonik Launches PA12 Powder for 3D Printing Based on Bio-Circular Raw Material
- 12.3.2. Radicigroup Inaugurates New Production Plant in India
- 12.3.3. UBE Launches FDA-Approved Nylon For Advanced and More Sustainable Packaging Solution
- 12.3.4. Kolon Industries to Double Output of High-Strength Aramid Fibers
- 12.3.5. NILIT & BASF Create Biobased Polyamide From Waste
- 12.3.6. BASF and StePac Partner to Develop Sustainable Packaging for Shelf-Life Extension of Fresh Produce
- 12.3.7. Arkema Announces the Launch of a New Line of Recycled High Performance Polyamides.
- 12.3.8. Partnership Excellence that Drives Domo's Sustainable Polyamide Solutions
- 12.3.9. Toray Invents 100% Bio-Based Adipic Acid from Sugars Derived from Inedible Biomass, Scaling Up for Application to Eco-Friendly Nylon 66
- 12.3.10. Ascend Agrees to Acquire Formulated Polymers Ltd.
- 12.3.11. Avient Launches Nymax BIO Low Water Absorption and Bio-Based Polyamides
- 12.3.12. Basf Expands Its Offering Of Polyamides and Polyphthalamides in Europe by Acquisition of Solvay’s Polyamide Business
- 12.3.13. BASF Announces Investments in HMD and PA 6.6
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
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