Polyamide Market to Exhibit a Striking Growth of USD 51.88 Billion, Registering CAGR of 5.05% by 2029, Size, Share, Trends, Competitive Scenario and Industry Growth Analysis
Data Bridge Market Research analyses that the polyamide market was valued at USD 34.98 billion in 2021 and is expected to reach USD 51.88 billion by 2029, registering a CAGR of 5.05 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Polyamide Market research report execution is becoming very vital for the businesses to gain success because it offers many benefits including insights into revenue growth and sustainability initiative. The large scale Polyamide Market research report is an absolute overview of the market that takes into account various aspects of product definition, market segmentation based on various parameters, and the established merchant landscape. This industry report also offers businesses with the company profile, product specifications, production value, manufacturer’s contact information and market shares for company. Moreover, Polyamide Market business report blends together all-inclusive industry analysis with particular estimates and forecasts to provide complete research solutions with greatest clarity for strategic decision making.
Due to the potential of SWOT analysis and Porter’s Five Forces analysis in generating market research report, they are preferred by the businesses and hence also used while making an excellent Polyamide Market report. Market drivers and market restraints explained in this report provides idea about the rise or fall in the consumer demand for the particular product depending on several factors. In addition, this market report also gives top to bottom assessment of the market with respect to income and developing business sector. Thus, the world class Polyamide Market report endows with in-depth market analysis to thrive in this competitive environment.
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Polyamide is a polymer which held together with amide bonds. Fabrics like silk, wool and nylon are all the examples of polyamides. Silk and wool are natural polyamides, while nylon is synthetic polyamide. Synthetic polyamide thermoplastics are essential in engineering because they deliver high performance at a reasonable price. Polyamide may yield a woven form when it is produced as a fabric, or it may take a harder and sturdier structure when cast as a resin. It may sometimes be weaved for a unique blend of flexibility and strength
Some of the major players operating in the polyamide market are:
- BASF SE (Germany)
- LEALEA ENTERPRISE CO., LTD. (Taiwan)
- DSM (Netherlands)
- Ascend Performance Materials (U.S.)
- Invista (U.S.)
- Arkema (France)
- Evonik (Germany)
- RTP Company (US)
- KRAIBURG TPE GMBH & CO. KG (Germany)
- KURARAY CO., LTD (Japan)
- SABIC (South Arabia)
- LG Chem, (South Korea)
- Huntsman International LLC (US)
- LyondellBasell Industries Holdings B.V. (US)
- Exxon Mobil Corporation (US)
- KRATON CORPORATION (US)
- Lubrizol (US)
- Celanese Corporation (US)
- Asahi Kasei Corporation (Japan)
- TSRC (Taiwan)
- Tosoh (Taiwan)
Polyamide Market Dynamics
- Demand in automotive sector
Increase the demand in the automotive sector of polyamide to forms air intake manifolds, valve covers, engine covers, and airbag containers and used for external components such as wheel covers, handles, grilles, and fuel caps. These components can also use metal, but the polyamide makes them lighter, and more fuel-efficient for cars and also cuts down the production costs.
- High demand for bio based polyamide
Bio-based polyamides are one form of polyamide that are gaining traction due to the increasing environmental concerns by the consumption of fossil fuel-based polyamides. Their improved low moisture absorption rate, chemical resistance, and higher impact strength than their traditional counterparts have increased their usage in several applications like tires, sporting goods, cable jackets, carpets, and flexible gas and oil hoses. These factors are expected to drive the growth of the polyamide market.
- Usage in textile industry
Polyamides are used to manufacture the fibres and are produced in a variety of forms, as carpet filament, textile filament, and industrial filament. For example, for ropes. However, for both staple fibres and continuous filament, which are spun from the molten polymer at very high speeds there is great importance on controlling the polymer chemistry and the yarn is produced in order to confirm the production of the high quality material which has required for the particular purposes.
The widespread applications of the polyamide in the packaging industry overall the world will act as one of the major factors that will drive the market’s growth. The increase in demand for polyamide in several sectors for example packaging, automotive, electrical and electronics, machinery, textiles, and consumer goods accelerate the market growth. The rise in the inclination towards polyamide comparison to metals in automotive air intake manifolds further influence the market. Moreover, the growth of the research and development and electrical and electronics industry positively affects the polyamide market. Moreover, development is the increasing need for lightweight raw materials in the transportation and automobile sectors to extend beneficial opportunities to the market players during forecast period.
Polyamides are very useful material but sometimes absorb water, which is unfavourable for the market because wetted polyamide has 50% less tensile strength than dry polyamide. Polyamide can also sometimes shrink when cast so these properties will hinder the polyamide market growth rate. Competition from elastomer-based alternatives and fluctuation in prices of raw materials are expected to hinder the polyamide market growth. The presence of stringent government rules is also expected to challenge the polyamide market during forecast period
This polyamide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyamide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Polyamide Market Scope
The polyamide market is segmented on the basis of type, class, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- PA 6
- PA 66
- Bio Polyamides
- Specialty Polyamides
- Aliphatic Polyamides
- Aromatic Polyamides
- Wire and Cables
- 3D Printing
- Sports Equipment
- Engine Components
- Brakes and Transmission Parts
- Household Goods and Appliances
- Electrical and Electronics
- Aerospace and Defence
- Consumer Goods
Global Polyamide Market Country Level Analysis
The polyamide market is analyzed and market size, volume information is provided by country, type, class, application, and end-use as referenced above.
The countries covered in the global polyamide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyamide market and is expected to witness high growth during the forecast period of 2021 to 2028 because of the increasing application of automotive and food packaging industries and the rise in demand for processed food products in emerging markets within the region.
The country section of the polyamide market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The report can answer the following questions:
- North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Polyamide.
- Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Polyamide.
- Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Polyamide.
- Different types and applications of Polyamide, market share of each type and application by revenue.
- Global of Polyamide market size (sales, revenue) forecast by regions and countries from 2022 to 2028 of Polyamide.
- Upstream raw materials and manufacturing equipment, industry chain analysis of Polyamide.
- SWOT analysis of Polyamide.
- New Project Investment Feasibility Analysis of Polyamide.
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Published Wed, 23 Nov 2022 18:05:13 -0600