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Pulished Date April, 2021
ID: 11459
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Polyamide Market Segmented By Product Type (Polyamide 6, Polyamide 6-6 and Bio-Based Polyamide), By Application (Moisture-absorbent, Chemical-resistant, Temperature-resistant, Aesthetic and Colorable), By End-User Industry (Automotive, Aerospace, and Defence, Electrical and Electronics, Packaging and Storage, Extrusion and Textile) & By Region | 2021 to 2026

Pulished: April, 2021
ID: 11459
Pages: 180

Polyamide Market Size, Share, Trends & Forecast (2021 - 2026)

The size and share of Polyamide fibers and films have dominated the market, with more than 52% market share in 2020, and are expected to grow at a rate of 5.4% during the period 2021 - 2026.

Nylons are a group of plastics called polyamides. They are essentially polymeric substances composed of long and multiple numbers of molecules in which the repeating units are linked by amide groups. These resins are available both naturally and artificially. Polyamides found primarily in nature are made up of proteins such as wool and silk, and polymers are obtained artificially through the process of polymerization or synthesis of materials such as nylon, aramids, and poly (sodium aspartate). They offer a wide range of properties and uses especially used for film and fiber production and are also available for molding mixes. 

The use of plastics makes vehicles lighter, safer, and cheaper. Plastics are used to make interiors, structural elements, propulsion techniques, and technical parts, among others. Polyamide is used in the production of structural parts based on glass-reinforced plastic, air intake manifolds, engine covers, rocker arm covers, airbag containers, and various other interior automotive parts and exterior. It also improves safety and reduces noise generation. PA 6, 6 is also used in headlight glasses. Moreover, the increasing demand for lightweight materials in the automotive industry, in order to provide greater efficiency and design flexibility, is the main reason for the growth of the polyamides market in recent times.

Recent Developments in the Polyamide Market

  • In April 2019, Honeywell International LLC established a new automation contractor, Casale SA. It will provide modern and reliable solutions and will be an excellent partner for current and future projects.

  • In March 2021, BASF Launches a New Tool For Classifying Polyamide Plastic Waste.

  • In October 2020, DyStar launched the Cadira® Polyamide Polyester / Cellulosic Cadira exhaust.

  • In February 2018, Evonik Industries launched a line of VESTOSINT® brand polyamide 12 (PA 12) specialty powders at its largest global production facility in Marl Chemical Par

Polyamide Market Drivers

The main factors propelling the polyamide market include increasing demand for polyamide six and polyamide 66 from the automotive industry, widespread applications in the packaging industry. Growing demand from the automotive industry due to high performance and low-cost Increased demand of the electronics and coatings industry due to high insulating properties and high wear and product resistance chemicals The high demand for these materials in the construction industry is also driving the market demand. Increase in disposable income and increase in population. The growing automotive industry in both developed and developing countries is expected to drive the polyamide market. Polyamides are preferred by automobile manufacturers because of their high performance at a low cost. Due to the current rise in raw material prices in the automotive industry, manufacturers are turning to polyamides for various applications such as coatings and films. The growth of the automotive industry is due to the increase in disposable income of consumers and the increase in transportation activities around the world. The growing demand for applications in the electronics and coatings industry is expected to drive the market. The increase in construction activity and population growth are the main drivers of the electronics and coatings industry.

Polyamide Market Restraints

Strict government regulations and competition from elastomer-based alternatives are expected to hamper the growth of the studied market. Another factor that can hamper the growth of the market is the degradation of properties due to moisture absorption. The sophisticated production process associated with some limitations of these materials, such as increased moisture absorption affecting the electrical and mechanical characteristics, may also hamper the growth of the market during the forecast period. The threat of an economic slowdown in several developing countries and the slowdown in manufacturing in developed regions are important factors that are expected to limit the growth of the target market.

Opportunities in the Polyamide Market

The growing popularity of polyamides of biological origin will likely present opportunities in the future. There are several growing market opportunities that have the capacity to drive the market demand in the near future. Research and development in the field of specialized and biobased polyamide for different applications should offer immense opportunities to players in the near future. Manufacturers, associations, and manufacturers of finished products invest in R&D activities. The applications of polyamide in contact with food and household products and of automotive specialty polyamides to replace metals should provide opportunities for players in this market. Technological modifications such as bio-based polyamide are expected to drive the market in the near future due to its environmentally friendly properties. Government regulations and growing health awareness in developing countries are expected to boost the market for polyamides of organic origin in the near future.

Challenges in the Polyamide Market

The increased production of bio-based polyamides is expected to offset these challenges and the respective regional markets. Another factor that is expected to challenge the growth of the global market to some extent is the cost sensitivity of the automotive industry.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2021 - 2026

CAGR

5.4%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Honeywell, BASF SE (Germany), Li Peng Enterprise Co. ltd (Taiwan), Royal DSM (Netherlands), Ascend Performance Materials LLC (U.S.), Invista Sarl (U.S.),Arkema SA (France) ,Evonik Industries AG (Germany)

Polyamide Market Segmentation as per the recent analysis report until 2026.

Polyamide Market - By Product Type

  • Polyamide 6
  • Polyamide 6-6
  • Bio-Based Polyamide

PA 6 held the largest market share in 2020 and is expected to maintain its leading position in the market with a growth rate of 5.4% during the forecast period attributed to increasing demand from automotive, electrical, and textile due to high tensile strength and also inhibits good elasticity and chemical resistance.

Polyamide Market - By Application

  • Moisture-absorbent
  • Chemical-resistant
  • Temperature-resistant
  • Aesthetic
  • Colorable

There has been an increasing demand for polyamines in the construction and coatings industry because of their chemical and abrasion resistance, high resistance to extreme temperatures, and high impact resistance.

Polyamide Market - By End-User 

  • Automotive
  • Aerospace and Defence
  • Electrical and Electronics
  • Packaging and Storage
  • Extrusion
  • Textile

The growing demand for polyamides from the automotive industry is the most important factor anticipated to drive the market demand during the forecast period. 

Polyamide Market - By Region

  •  North America 

  •  Europe 

  •  Asia Pacific 

  •  Latin America 

  •  Middle East & Africa 

Asia-Pacific is expected to dominate the global polyamides market and hold nearly 32% market share in terms of value by 2020. In addition, Asia-Pacific has emerged as a major regional polyamides market due to an increase in applications. Automotive and food packaging. Due to large-scale investments in the automotive industry, the polyamide market is expected to witness rapid growth during the forecast period. Asia-Pacific has seen an increase in demand for luxury cars due to the higher purchasing power of consumers, which has resulted in higher consumption of polyamide in this region.

China is one of the main consumers of polyamides imported and produced in the country. China has been an engine of rapid growth over the past two decades globally. However, it is now showing an early sign of a relative economic slowdown. Its annual GDP growth rate was 6.7% in the first quarter of 2020, the lowest in six years. This will have a negative impact on the polyamide market and may prevent further investment and expansion in the polyamide market for a few years. Huge polyamide capacity is expected in China in the near future: the economic downturn will not only affect the overall capacity utilization rate of new domestic factories but could seriously affect polyamide manufacturing in Europe and the American region. North hence it matters significantly.

Impact of Covid-19 on Polyamide Market

The spread of coronavirus disease (COVID-19) and the resulting lockdowns imposed by the governments of several countries have temporarily halted the operations of major polyamide end-use industries. The polyamide market has declined growth rate during this period. Key players developed different strategies to sustain in the market. The polyamide market shares are likely to have significant growth opportunities in 2021 due to unlock guidelines released by the government in every country. 

Polyamide Market Key Players

  1. Honeywell

  2. BASF SE (Germany)

  3. Li Peng Enterprise Co. ltd (Taiwan)

  4. Royal DSM (Netherlands)

  5. Ascend Performance Materials LLC (U.S.)

  6. Invista Sarl (U.S.)

  7. Arkema SA (France)

  8. Evonik Industries AG (Germany)

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Polyamide Market, By Product Type                

                              6.1.1 Polyamide 6           

                              6.1.2 Polyamide 6-6       

                              6.1.3 Bio-Based Polyamide          

                              6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                              6.1.5 Y-o-Y Growth Rate Analysis              

                              6.1.6 Market Attractiveness Index           

               6.2 Polyamide Market, By Application                    

                              6.2.1 Moisture-absorbent            

                              6.2.2 Chemical-resistant               

                              6.2.3 Temperature-resistant        

                              6.2.4 Aesthetic  

                              6.2.5 Colorable 

                              6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                              6.2.7 Y-o-Y Growth Rate Analysis              

                              6.2.8 Market Attractiveness Index           

               6.3 Polyamide Market, By End-User Industry                      

                              6.3.1 Automotive            

                              6.3.2 Aerospace and Defence     

                              6.3.3 Electrical and Electronics   

                              6.3.4 Packaging and Storage       

                              6.3.5 Extrusion  

                              6.3.6 Textile      

                              6.3.7 Market Size Estimations & Forecasts (2021-2026)   

                              6.3.8 Y-o-Y Growth Rate Analysis              

                              6.3.9 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Product Type    

                              7.2.3 By Application        

                              7.2.4 By End-User Industry          

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Product Type    

                              7.3.3 By Application        

                              7.3.4 By End-User Industry          

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Product Type    

                              7.4.3 By Application        

                              7.4.4 By End-User Industry          

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Product Type    

                              7.5.3 By Application        

                              7.5.4 By End-User Industry          

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Product Type    

                              7.6.3 By Application        

                              7.6.4 By End-User Industry          

8. Key Player Analysis                                   

               8.1 Honeywell                  

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 BASF SE (Germany)                 

               8.3 Li Peng Enterprise Co. ltd (Taiwan)                   

               8.4 Royal DSM (Netherlands)                     

               8.5 Ascend Performance Materials LLC (U.S.)                     

               8.6 Invista Sarl (U.S.)                     

               8.7 Arkema SA (France)                

               8.8 Evonik Industries AG (Germany)                        

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Polyamide Market By Region, From 2021-2026 ( USD Billion )

  2. Global Polyamide Market By Product Type, From 2021-2026 ( USD Billion )

  3. Global Polyamide 6 Market By Region, From 2021-2026 ( USD Billion )

  4. Global Polyamide 6-6 Market By Region, From 2021-2026 ( USD Billion )

  5. Global Bio-Based Polyamide Market By Region, From 2021-2026 ( USD Billion )

  6. Global Polyamide Market By Application, From 2021-2026 ( USD Billion )

  7. Global Moisture-absorbent Market By Region, From 2021-2026 ( USD Billion )

  8. Global Chemical-resistant Market By Region, From 2021-2026 ( USD Billion )

  9. Global Temperature-resistant Market By Region, From 2021-2026 ( USD Billion )

  10. Global Aesthetic Market By Region, From 2021-2026 ( USD Billion )

  11. Global Colorable Market By Region, From 2021-2026 ( USD Billion )

  12. Global Polyamide Market By End-User Industry, From 2021-2026 ( USD Billion )

  13. Global Automotive Market By Region, From 2021-2026 ( USD Billion )

  14. Global Aerospace and Defence Market By Region, From 2021-2026 ( USD Billion )

  15. Global Electrical and Electronics Market By Region, From 2021-2026 ( USD Billion )

  16. Global Packaging and Storage Market By Region, From 2021-2026 ( USD Billion )

  17. Global Extrusion Market By Region, From 2021-2026 ( USD Billion )

  18. Global Textile Market By Region, From 2021-2026 ( USD Billion )

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