High Performance Polyamides Market Forecasts to 2028 – Global Analysis By Product Type (Polyamide 8, Polyamide 9, Polyamide 46, Polyamide 9T, Polyarylamide, Polyphthalamides and Other Product Types), Manufacturing Process (Injection Molding and Blow Moldi

High Performance Polyamides Market Forecasts to 2028 – Global Analysis By Product Type (Polyamide 8, Polyamide 9, Polyamide 46, Polyamide 9T, Polyarylamide, Polyphthalamides and Other Product Types), Manufacturing Process (Injection Molding and Blow Molding), End User (Automotive, Building & Construction, Medical & Healthcare, Consumer Goods, Electrical & Electronics and Other End Users) and Geography

According to Stratistics MRC, the Global High Performance Polyamides Market is accounted for $2.18 billion in 2022 and is expected to reach $3.67 billion by 2028 growing at a CAGR of 9.1% during the forecast period. Among the synthetic thermoplastic resins in the polyamide family, high performance polyamide is one. It is a polyamide in which the terephthalic acid residues hold at least 55% of the molar proportion of dicarboxylic acid found in structural units along the polymer chain. High performance polyamide resins have polymers added to them so that they can be used in specific applications result of combining polymers and additives. Fibreglass, minerals, flame retardants, and other chemicals are added as ingredients while creating composites.

According to the Organization International des Constructers d' Automobiles (OICA), although there’s a decline in 2019, For a car's power train, manufacturers are promoting plastic chain tensioned guides made of PA 4, 6, since PA 6, 4, which offers better wear performance than high molecular weight PA 6, 6, and PA 6, 6.

Market Dynamics:

Driver:

Increasing Demand in automotive sector

High performance polyamides are lightweight, have strong chemical and heat resistance, and have good dimensional stability. Numerous components, including hoses and gear shift modules, in the car industry are made from high performance polyamides. The aircraft industry prefers them because they are effective fire retardants and emit little smoke. High strength-to-weight ratios are necessary for the automotive industry since they affect a vehicle's performance. To replace metals without sacrificing the strength and safety of the vehicle, the industry relies on cutting-edge technologies like High performance polyamides thereby encouraging the market growth.

Restraint:

High cost

Because the production of high performance polyamides is more complicated than that of other plastics, including standard polyamides, it demands a significant investment. Products made of high performance polyamides must be produced at high temperatures and with technical know-how. Plastics are expensive, which raises production costs, restricts their use, and slows market expansion. High production costs also prevent small and mid-sized businesses from entering the market, which hinders the growth of the high performance polyamides market.

Opportunity:

Emerging applications in various industries

The automotive and electrical industries are increasingly adopting high performance polyamides. The application spectrum of HPPAs is expanding as a result of ongoing research and development in both the high performance polyamides and application industries. These breakthroughs create new prospects for the automobile industry to apply HPPAs. Various under-the-hood parts of cars, including fuel systems, cooling systems, and fuel injector nipples, are made with them. These were utilised in the electrical industry for microelectronics and high voltage applications. They are ideal for electrical applications due to their superior thermal, electrical, mechanical, and chemical qualities, as well as their great thermal stability, which results in outstanding electrical insulation properties.

Threat:

Difficulty in processing

The absence of reputable compounders and distributors is one of the biggest issues high performance polyamide manufacturers must deal with. Compounding or processing high performance polyamides requires a high level of technical skill. High performance polyamides must be compounded using specialist equipment and setup since it is significantly more complicated than compounding normal polyamides or any other kinds of plastics. Due to the fact that high performance polyamides also collect moisture while being manufactured, the humidity in the manufacturing facility must be carefully monitored because it might cause volumetric shrinkage when cooled, especially for thick materials.

Covid-19 Impact

The market share of high-performance polyamides has been impacted by the corona virus disease outbreak, and as a result of the lockdowns imposed by various governments, the activity of significant end-use polyamide industries has been suspended in many ways. As a result, various industries experienced a decline. After the required social distance has ended, it is assumed that things will return to normal. Another aspect, such as movement restrictions, exhibits a clear and immediate effect. In order to combat the COVID-19 pandemic, there is an increasing need for medications and pharmaceutical packaging solutions, which will fuel the market's growth for high performance polyamides over the forecast period.

The Polyphthalamides segment is expected to be the largest during the forecast period

The Polyphthalamides segment is estimated to have a lucrative growth, due to its usage in the automobile industry and other sectors. Because of PPA's chemical resistance, high strength, stiffness at high temperatures, and dimensional stability, this includes electrical parts, manufacturing, or oil extraction. It is used in many different things, including cables and wires, automobiles, and electronics and electrical. It is renowned for its low moisture absorption and strong dimensional stability. It contributes to overall fuel efficiency improvement.

The Medical & healthcare segment is expected to have the highest CAGR during the forecast period

The Medical & healthcare segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its structural components in both mobile smart gadgets and medical equipment. The material is suitable for medical equipment components such housings, coverings, chassis, and frames due to its high strength, rigidity, and good surface finish. Applications range from patient lifting devices, breathing masks, surgical instruments, analytic containers, and operating room lights, structural elements of hospital beds, monitor supports, infusion systems, ventilators, walking aids, hearing aids, and fitness trackers. In addition to being compatible with customised PC/ABS moulds, HPPA is also compatible with frequently used disinfectants and cleaners that degrade plastics that perform poorly which boosts the market growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to boost in consumer purchasing power has led to an increase in demand for well-known luxury vehicles overall, with attention being drawn to the sector's higher usage of polyamide. The usage of polyamide in automobiles to replace metal with ordinary plastic has led to an increase in demand in this industry. In addition, the big businesses in this area have agreed to expand and cooperate. Organizations involved in the creation of various launches have advanced sanctioning solutions that can proactively alter the functionality are propelling the market growth in this region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to to the rising demand for non-residential construction projects including hospitals, schools, and universities over the projected period, the construction sector are anticipated to increase significantly. As a result, there will be an increase in demand for high-performance polyamide items such cable glands, panel terminal plugs, window systems, pipeline liners, and corrugated pipes, which will fuel the market's expansion in European region.

Key players in the market

Some of the key players profiled in the High Performance Polyamides Market include BASF SE, Evonik Industries AG, Arkema, DuPont, Lanxess, EMS-Cheme Holding AG, Mitsui Chemicals Inc, Toray Industries Inc, Kolon Plastic INC, AdvanSix Inc, Koninklijke DSM N.V, RTP Company, Kuraray CO, Radic Group SpA and Solvay

Key Developments:

In November 2020, Amcor announced the development of the lightest 900-ml Polyethylene Terephthalate (PET) bottle for edible oil in Brazil. The custom-designed bottle for agribusiness and food producer Bunge in São Paulo is 22 percent lighter than other bottles while offering great sustainability benefits.

Product Types Covered:
• Polyamide 8
• Polyamide 9
• Polyamide 46
• Polyamide 9T
• Polyarylamide
• Polyphthalamides
• Other Product Types

Manufacturing Processes Covered:
• Injection Molding
• Blow Molding

End Users Covered:
• Automotive
• Building & Construction
• Medical & Healthcare
• Consumer Goods
• Electrical & Electronics
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements