Global Polyamide Market Overview and Insights

rushikesh chavan
Aug 20, 2024
2 min read

The Global Polyamide Market is expected to reach USD 54.9 Billion by 2032, at a CAGR of 7.5% during the forecast period 2022 to 2032.

The Global Polyamide Market is poised for significant growth, driven by rising demand across various industries such as automotive, textiles, and packaging. With a forecasted market size of USD 54.9 Billion by 2032 and a CAGR of 7.5% from 2022 to 2032, the polyamide industry is set for substantial expansion.

Historical and Forecast Analysis

This comprehensive report provides historical data from 2018 to 2021 and extensive forecasts from 2022 to 2032. It includes detailed insights into pricing, sales volume, revenue, historical growth, gross margin, and future outlooks for the polyamide market. For a thorough understanding of the market trends and projections.

Access the Free Sample report here.

Key Players in the Market

The major players in the polyamide market include:

Royal DSM
Evonik Industries AG
BASF SE
Koch Industries
Lanxess
Gujarat State Fertilizers & Chemicals Limited (GSFC)
Radici Group
Mitsubishi Chemical Holdings
Arkema SA
Ascend Performance Materials LLC

Market Segmentation

Product Analysis:

Polyamide 6
Polyamide 66
Bio-based Polyamide
Specialty Polyamides

Application Analysis:

Engineering Plastics
Fibers

Regional Analysis:

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

Key Trends and Drivers

The polyamide market is influenced by several key trends:

Automotive Industry: Use in engine parts, fuel systems, and interior components.
Textile Industry: Preferred for clothing, hosiery, and carpets.
Packaging Industry: Utilized for films and coatings.
Sustainability: Development of bio-based and recycled polyamides.

Recent Developments

In August 2020, BASF India, a BASF SE affiliate, approved the merger to acquire BASF Performance Polyamides India.

Market Dynamics

Drivers:

Growing demand for electronic devices.
Rising automotive and textile industry applications.

Restraints:

Fluctuations in petrochemical-based raw material prices.
Competition from alternative materials.

Regional Insights

North America is expected to lead the market, with significant consumption in electronic components and packaging. Asia Pacific is experiencing the fastest growth, driven by industrialization and automotive demand.