Report Code : A11472
Polyamide consumption is likely to climb in the future years as the automobile sector expands. As a result, the high demand for polyamides in the automotive industry is expected to propel the growth of the global polyamide market throughout the forecast period.
Eswara Prasad
Manager, Materials and Chemicals at Allied Market Research
According to a new report published by Allied Market Research titled, “Polyamide Market by Type, Application, and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global polyamide market was valued at $26.7 billion in 2020, and is projected to reach $40.6 billion by 2028, growing at a CAGR of 5.4% from 2021 to 2028.
Polyamides are polymers whose structure includes an amide bond connection. Wool and silk include polyamides in their natural state. Polyamides are available in three different types—aliphatic, semi-aromatic, and aromatic. The step growth polymerization or solid phase synthesis technique is used in the artificial formulation of polyamides. The polyamides are commonly found in fabrics, culinary utensils, athletics, and carpets, among other applications. They are tough and heat and chemical resistant and thus are used in a variety of applications, including ropes & cables, bulletproof vests, tennis strings, snowboards, jet engine enclosures, brake & transmission friction elements, and others.
Aliphatic polyamide was the leading product segment and accounted for 90.3% of total market volume in 2020. Surge in demand for aliphatic polyamides particularly in the automotive industry is expected to remain a key driving factor for this segment .
Polyamide fibers & films was the most dominant application and accounted for 56.4% of total market volume in 2020. Growth in demand for nylon fibers & films in end-use industries such as packaging, construction, and household care owing to the rapid increase in urbanization in developing economies of Asia Pacific is expected to drive the nylon films market during the forecast period.
In 2020, automotive became the leading end-use industry, accounting for one-third of overall consumption. Increase in usage of recyclable materials in the worldwide automotive industry is likely to remain a key driving force for this segment during the forecast period.
Asia-Pacific is expected to have the fastest growth rate due to higher per capita income in developing countries, expansion of middle-class population, and rise in living standards. The area consumer demand for the item is being supplemented by the rapid increase in the automotive manufacturing industry.
Some of the key players operating in the global polyamide market are Ascend Performance Materials LLC, Arkema SA, BASF SE, Evonik Industries AG, Gujarat State Fertilizers & Chemicals Limited (GSFC), Koch Industries, Lanxess, Mitsubishi Chemical Holdings, Radici Group, and Royal DSM.
Key Findings Of The Study:
Impact Of Covid-19 On The Global Polyamide Market
Talk to David (Europe)
Talk to Sona Padman (Americas)
5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91 2066346060
Fax: +1(855) 550-5975
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com
Polyamide Market by Type (Aliphatic Polyamides and Aromatic Polyamides), Application (Polyamide Fibers & Films and Engineering Plastics), and End-use Industry (Automotive, Electrical & Electronics, Textile, Construction, Packaging, Consumer Goods, and Others): Global Opportunity Analysis and Industry Forecast 2021–2028
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Buy Full Version
"Polyamide Market"
Purchase Enquiry
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers