Polyamide Market Growth, Share, Size, Trends and Forecast (2021

Overview

The global polyamide market, during the forecast period 2017–2025, will register growth at a CAGR of 5%. The market for polyamide is set to reach US$38.56 billion by 2025. As per market analysts, the global market is anticipated to witness growth owing to the factors such as the increasing demand from the automotive industry as well as growing R&D investments. However, the market will face challenges and restraints due to fluctuating crude prices and stringent government regulations during the forecast period 2017–2025.

The increasing demand for polyamide 6 and polyamide 66 in the polyamide market is set to play a key role in determining the growth potential during 2017–2025years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the market is poised to grow at a fast pace across application, class, end-use industry, and type segments, factors such as fluctuating crude oil prices could slow down the market's growth worldwide.

Market Segmentation

The Polyamide Market has been segmented into application, class, end-use industry, and type. Based on the segment which is application, the market is categorized on the basis of 3D printing, brakes & transmission parts, engine components, fibers, household goods & appliances, sports equipment, and wire & cables. The global market for polyamide is further segmented based on class into Aliphatic Polyamides (PA 11, PA 6, PA 6, PA 6, PA 6,10,6,6,9, PA 4), Semi-Aromatic & Aromatic Polyamides (PA 6T, PA 6I and Poly(p-phenylene Terephthalamide)]. Furthermore, the market, on the basis of the end-use industry is segmented into aerospace & defense, automotive, consumer goods, electrical & electronics, packaging, and textile. Based on the segment which is type, the market is categorized on the basis of bio polyamides & specialty polyamides, PA 6, and PA 66.

The global market research report covers all the aspects of the polyamide market based on the segmental analysis of these application, class, end-use industry, and type segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The application, class, end-use industry, and type segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from polyamide market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the market.

Regional Overview

The volatile prices of raw materials may hinder the market growth. The market research report suggests that companies in the polyamide market could be supported by large-scale developments in the automotive industry as well as growing adoption from the automotive sector during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for polyamide during the forecast period 2017–2025. As per market analysts, the market is set to witness tremendous growth across aliphatic polyamides (nylon class) and engine parts segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the market research report.

The polyamide market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the polyamide market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others.

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Competitive Landscape

Polyamide has seen increased demand over the years, due to high demand for polyamides in the automotive industry and the rise in demand for luxury cars. Companies functioning in the global market are also being challenged due to competition from elastomer-based alternatives and strict government regulations. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2017–2025. As the market is set to register a high CAGR of 5% and is also anticipated to reach a US$38.56 billion by 2025, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2027. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2017–2025.

Industry News

The Solvay polyamide acquisition (PA 6.6) enterprise was concluded by BASF. With creative and well-known brands such as technyl, the exchange extends BAS F's multifarious capabilities. This allows BASF to provide its clients albeit with nice quality technological solutions, for example self-support and e-mobility. The deal further improves the business in Asia as well as North and South America's proximity to development markets. BASF is now present along the complete production chain of polyamide 6.6 and improves supply stability through its reverse incorporation in the main raw material adiponitrile (ADN).

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