Polyamide in E-mobility

Polyamide in E-mobility

Polyamide is a synthetic polymer made from petroleum-based plastics linked together by amide bonds. Its molecules are long and heavy, providing both strength and elasticity. The most familiar manifestation of polyamide is nylon fabric. Fabrics such as wool, silk, and nylon are all examples of polyamides. Wool and silk are exemplified as natural polyamides, whereas nylon is a synthetic option. Synthetic polyamide thermoplastics are sought after in engineering due to their ability to offer high performance at an economical cost.

The polyamide market is expected to grow at a steady rate of around 7.51% owing to the burgeoning adoption of electric vehicles. As the world moves closer to more sustainable and environmentally friendly practices, the growing adoption of electrical vehicles (EVs) has been a major driving force for the expansion of the polyamide market. Polyamides, usually referred to as nylons, are a sort of synthetic polymer used in making diverse components for EVs, including battery separators, fuel cells, and other electronic components. The urge for electric vehicles (EVs) is swiftly growing due to government regulations and consumer preferences, resulting in a developing demand for polyamides. EVs provide a variety of environmental benefits compared to traditional internal combustion engine automobiles, including zero tailpipe emissions and reduced greenhouse gasoline emissions and air pollution. At the same time, EVs are becoming more affordable, which makes them accessible to a larger client base. Many of the governments around the world have established targets to phase out fossil fuels and support the adoption of EVs. For instance, Norway plans to prohibit the sale of new petrol and diesel cars by means of 2025, and the UK and France have set targets to ban sales of new non-electric cars by 2040. Additionally, the sales increase has also been observed, in 2023, according to the report published by the International Energy Agency, there were 6.5 million units of electric vehicles sold in 2021, and the number increased to 10.3 million in 2022, further skyrocketing to 13.9 million in 2023. As an end result, the polyamide enterprise is experiencing a speedy increase, attracting investments in research and development in addition to technological advancements to satisfy the evolving demands of the electric car market.

• Based on product type, the market is divided into polyamide 6, polyamide 66, bio-based polyamide, and specialty polyamides. The polyamide 6 dominated the market in 2022 and is expected to show the same trend in the forecast period. The primary motive for their dominance is their ability to be easily processed and molded into complex shapes and forms. This attribute makes it an appealing choice for manufacturers who necessitate intricate designs and exact dimensions in their products. Polyamide 6 gives a similarly substantial advantage in its eco-friendliness made from renewable resources such as castor oil and completely recyclable at the end of its provider life, PA6 is an attractive choice for corporations keen to lessen their environmental impact and follow sustainability rules. Moreover, given its biodegradability, polyamide 6 eliminates any need for highly-priced disposal methods and reduces the likelihood of hazardous materials seeping into soil and water.
• Based on vehicle type, the market is segmented into hybrid electric vehicles, plug-in hybrid electric vehicles, and battery electric vehicles. The electric vehicle segment is currently the leading segment and is expected to dominate the market in the forecast period. Governments worldwide are implementing stringent regulations and incentives to encourage the adoption of eco-friendly transportation, which has spurred the demand for EVs. The prevalence of Electric Vehicle (EV) segments is additionally attributed to advancements in battery technology. Incorporating lithium-ion batteries has significantly improved EV driving ranges and recharge times, making EVs a more competitive choice than traditional gasoline-powered vehicles. The utilization of polyamides in battery components such as separator films and electrode coatings has resulted in improved performance and safety of these batteries, leading to an increased demand for polyamides in the EV market.
• Based on application, the market is segmented into electronic components, under-bonnet components, vehicle exterior, and vehicle interior. The electronic components segment is currently the major segment and is expected to continue in the same fashion in the forecast period due to the growing electronic components in electric vehicles. Electric components such as batteries, motors, and power electronics require high-performance materials with excellent thermal stability, chemical resistance, and electrical insulation properties and polyamide is a highly preferable material. Moreover, the trend towards autonomous driving and connected cars calls for sophisticated electronic architectures that may process big amounts of data quickly and accurately. these systems depend heavily on superior sensors, actuators, and communication modules, all of which depend upon specialized polymers like polyamides for their proper functioning.
• For a better understanding of the market adoption of the shipbuilding industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, Mexico, and Rest of North America), Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. The Asia Pacific is projected to be the fastest-growing region in the forecast period due to rapid industrialization, increasing population, and urbanization. The Asia Pacific region has seen consistent growth in the automotive industry, with increasing electric car sales and production. This leads to a higher demand for polyamide service providers. Moreover, the presence of numerous domestic and international OEMs, suppliers, and startups in these countries creates a thriving ecosystem for the development and production of e-mobility technologies, further boosting the consumption of polyamides. Additionally, the Asia Pacific region is home to a number of the most renowned technology hubs in the world, consisting of Silicon Valley, Tokyo, Seoul, and Bangalore, which promote innovation and research and improvement (R&D) activities in the field of e-mobility. This abundance of skills, information, and resources allows businesses to create revolutionary products and methods of production, in addition to strengthening the region's popularity as a leader within the polyamide market for e-mobility.
• Some of the major players operating in the market include BASF SE, DowDuPont, Domo Chemicals, Evonik Industries AG, Ascend Performance Materials LLC, Mitsui Chemicals, Lanxess, Radici Group, Ube Industries Ltd, Arkema SA.