High Performance Polyamides Market

High-Performance Polyamides Market Size (2023-2028):

The high-performance polyamides Market is predicted to be of a value of $ 2.49 billion by the end of the year 2028 with a current CAGR of 7.8%.

The high-performance polyamide market is driven by the escalating use of polyamide 11 and polyamide 9T due to their superior property of thermal conductivity. The high-performance polyamides market has seen significant expansion in recent years, and this expansion is also predicted to persist in the coming years. High-performance polyamides, due to their characteristic properties such as high thermal stability, greater chemical resistance, high dielectric strength, low shrinkage, and greater design flexibility, are employed in a wide range of industries. end-use such as transportation, medical, electrical and electronic, industrial, and others. High-performance polyamides are specialized engineering thermoplastic materials that are employed in some of the main applications, namely automotive applications, high-end consumer goods, and electronic applications. Polyamides 10, Polyamides 11, and Polyamides 12 are some of the most important types of high-performance polyamides. The combination of polymers and additives is called a compound. Ingredients that are added to produce compounds include minerals, flame retardants, fiberglass, and other chemicals.

High-Performance Polyamides Market Trends:

The special monomeric structure of amorphous polyamides provides heat resistance and transparency. The advantages of high-performance polyamides include a high melting point, reduced moisture absorption, improved dimensional stability, and better retention of mechanical properties at high temperatures. Polymers are employed in combination with other ingredients to make various products. The combination of polymer and additives is often called plastic. The ingredients employed to produce composites are fiberglass, minerals, heat stabilizers, and flame retardants.

Recent Developments in the High-Performance Polyamides Market:

• Ascend will launch new polyamides at K 2019. Ascend Performance Materials on this day declared its motive to introduce so many latest specialty polyamides at K 2019 to meet the rising requirements of its consumers.
• Solvay  Performance Polyamides, a world leader in polyamide-based performance materials, announces the start of production of engineering plastics in San Luis Potosí, Mexico.

High-Performance Polyamides Market Drivers:

The call for high-performance polyamides is driven by a variety of factors, including escalated automotive production, escalated calls for consumer goods in developing markets, and escalated calls from the electronics and electrical industry. The expansion of automobile production due to escalated calls for energy-efficient vehicles is supporting market expansion. Escalating use of engineering thermoplastics in vehicles due to their superior properties, such as high strength and resistance to heat and electricity. The expanding electronics industry and growing call for consumer electronics such as smartphones, smartwatches, tablets, and laptops are predicted to drive the worldwide market. Additionally, high-performance polyamides are widely employed in many consumer goods applications such as sports, cosmetics, and personal care. Therefore, the widespread penetration of high-performance polyamides in the consumer goods industry, coupled with the escalating call for high-performance engineering thermoplastics, is likely to drive market expansion.

High-Performance Polyamides Market Restraints:

Although the market for high-performance polyamides is growing at a significant rate, a few factors, such as high prices of raw materials, the shift of the end-use market from developed to developing countries, and rising costs of raw materials. production hampers the expansion of the market worldwide.

Opportunities in the High-Performance Polyamides Market:

The rapid advances in thermoplastic polymers and the high adoption of high-performance polyamides by automobile manufacturers, due to properties such as excellent strength and toughness when exposed to hot, aggressive fluids and hot air, are the main factors that are predicted to drive the worldwide market for high-performance polyamides in the near future. Another factor that is predicted to drive the market is the increase in car sales around the world. The expansion of the electronics industry in developed and developing countries, the escalating call for advanced electronic devices, and the focus of manufacturers to integrate high-performance polyamides into various components are other factors that are predicted to drive the worldwide market during the foreseen period.

Challenges in the High-Performance Polyamides Market:

Escalated environmental regulations against the consumption of synthetic polyamides due to their negative impact on human health are likely to affect the expansion of the market in the coming years.

HIGH-PERFORMANCE POLYAMIDES MARKET REPORT COVERAGE:

High-Performance Polyamides Market Segmentation:

By Type:

• PA 12

• PA 11

• PA 46

• PARA

• PPA

PA 11 accounted for the largest market share in 2019 due to its suitability in multiple application areas, while PA 9T is the fastest-growing high-performance polyamide type segment due to its escalating acceptance in various end-use industries such as transportation, electricity, electronics, and industrial applications.

By End-Use Industry:

• Transportation

• Electrical & electronics

• Medical

• Industrial

These are the top end-use industries examined in the report. In 2019, the transportation end-use industry accounted for the largest market share, in terms of value and volume, followed by energy and electronics, industry, medicine, and others. The medical industry is estimated to have the highest CAGR between 2019 and 2024 among all end-use industries considered.

High-Performance Polyamides Regional Analysis:

• North America 

• Europe 

• Asia Pacific

• Latin America 

• Middle East & Africa 

Asia-Pacific is the largest market for high-performance polyamides. The escalating call for high-performance polyamides in this region is mainly due to their escalated use in the electrical, electronic, and medical industries. North America is the second-largest consumer and manufacturer of high-performance polyamides worldwide. The market in this region is mainly driven by the growing opportunities in the transportation industry and also by the growing industrial sector. Transportation, electricity, and electronics are the top two end-use industries contributing to the growing call for high-performance polyamides in the world.

The Middle East and Africa is the second-fastest-growing region after Asia-Pacific due to the expansion of the electrical and electronics industry in the region. The Asia Pacific region market accounted for the largest 34.6% share of the worldwide high-performance polyamides market in 2018 with a market value of US $ 915.2 and is predicted to grow at a CAGR of 6 , 4% during the period under review. The market expansion can be attributed to the expansion of major end-use industries such as automotive, aerospace and defense, consumer goods, and energy and electronics, among others. The growing call for high-tech thermoplastics in the automotive and electrical and electronic sectors is the main factor driving market expansion in the region. China accounted for the largest market share in 2018 and is predicted to grow at a CAGR of 7% during the period considered. Japan followed China, it was valued at $ 142.1 million in 2018.

The European market is predicted to record a CAGR of 5% during the reporting period, 2019-2025. This expansion is attributed to escalated regulations aimed at reducing carbon emissions, which has led to an escalated call for energy-efficient materials in the car, and thus for high-performance polyamides.

High-Performance Polyamides Market Key Players:

1. Arkema S.A. (France)

2. BASF SE (Germany)

3. DuPont (US)

4. Evonik Industries AG (Germany)

5. DSM (The Netherlands)

6. Solvay (Belgium)

7. Toray Industries Inc. (Japan)

8. Kuraray Co.Ltd (Japan)

9. Lanxess (Germany)

10. Radici Group SpA (Italy)

11. EMS Chemie Holding AG (Switzerland)

12. Ascend (US)

13. INVISTA (US)

14. NILIT (Israel)

15. DOMO (Italy)

16. UBE Industries (Japan)

17. Asahi Kasei (Japan)