Polyamide Market Report 2023 (Global Edition)

Global Polyamide Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Polyamide Industry growth. Polyamide market has been segmented with the help of its Type, Application , and others. Polyamide market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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By Type, the Polyamide 6 segment dominates the Polyamide Market!

Based on type, the Polyamide 6 segment dominates the polyamide market with more than 49% share. Polyamide 6 (PA6) is a semicrystalline thermoplastic with high strength, superior chemical resistance, and great wear/abrasion resistance that is utilized in numerous technical applications. As a result, it became popular for applications such as gears, cams, rollers, bearings, nuts and bolts, power tool housings, electrical connections, combs, coil formers, automotive fuel tanks, and cooking utensils.

• Polyamide 6
• Polyamide 66
• Bio-based Polyamide
• Specialty Polyamides

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By Application, the Engineering plastics segment dominates the Polyamide Market!

Based on application, the engineering plastics segment dominates the polyamide market with approximately 56% revenue share. Engineering plastics are widely used in a variety of applications, including automotive, electrical, and hardware, construction and development, buyer merchandise and equipment, and mechanical applications, including safety indicators and erosion barriers.

• Engineering Plastics
• Fibers

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Polyamide market report 2023 Edition by contacting our team.

North America Polyamide Market dominates the overall market!

The Global Polyamide Market is geographically divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the market. This is owing to the rising production of nylon. In 2019, the United States produced 600,000 metric tonnes whereas the number was 595,000 metric tons in 2017.
Similar to this, the expanding automotive sector is a primary driver of the polyamide market in North America. The automobile industry is one of the largest in the United States. In 2022, the US market for the production of cars and other vehicles was worth $100.9 billion. In 2021, the American auto sector sold 15 million automobiles and light trucks. The number of automobiles purchased by Americans in 2020 was 14,471,800 million. This raises the demand for polyamide across North America. In addition, the key players in the region are focusing on innovative product launch strategies. For instance, in November 2020, Genomatica and Aquafil partnered to provide a more sustainable polyamide value chain, made from plants instead of crude oil.
Asia Pacific is growing at a high CAGR in the polyamide market which is attributed to the rising demand for polyamide from various industries. The increasing population and disposable income of the countries such as China, South Korea, Singapore, Hong Kong, Taiwan, India, Indonesia, and Malaysia are inclining toward the industrial revolution. This expected the increasing demand for polyamide from food & beverages, robotics, textile, automotive, electronics, medical, and many other industries.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Polyamide Industry News

In February 2022, as part of its acquisition of Solvay's PA66 business, BASF will begin marketing a number of polyamides (PA) and polyphthalamide (PPA) grades in Europe. These technical polymers, formerly known as Technyl, will be offered by BASF under the well-known brand name Ultramid. Customers worldwide will benefit from a diverse plastic offering that includes both PA66 grades as well as Ultramid One J, a PPA based on PA66/6T. BASF received conditional clearance from the European Commission to acquire Solvay's polyamide division. As a result, BASF began effectively selling integrated engineering plastics in emerging areas such as Asia, and North & South America.

Top Companies Market Share in Polyamide Industry: (In no particular order of Rank)

• Invista
• Ascend
• Solvay
• BASF
• Asahi Kasei
• Dupont
• Radici Group
• Shenma
• Hua Yang
• Evonik
• Arkema
• EMS Grivory
• UBE Industries
• Royal DSM
• Lanxess
• Confidential Data
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• Data Hidden

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