Global Polyamide Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Polyamide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Polyamide market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Polyamide, also known as nylon, is a versatile synthetic and high-performance polymer. It can be procured naturally from wool and silk or can be processed synthetically. It is a thermoplastic material that offers enhanced strength, durability, low gas permeability, and chemical resistance. It also assists in providing improved mechanical strength, high melting point, and resistance to abrasion. As a result, polyamide is widely employed in the electronics, automotive, and textile industries across the globe.
The global polyamide market size reached US$ 31.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
Global Polyamide Market Trends and Drivers:
At present, the rising adoption of polyamide in the automotive industry as a better alternative to metals in the manufacturing of automotive components, such as engine parts and gears, represents one of the key factors contributing to the market growth. In addition, the growing demand for polyamide due to the rising adoption of electric vehicles (EVs) among the masses around the world is offering a positive market outlook. Moreover, various benefits offered by polyamide, such as enhanced electrical insulation properties, thermal stability, and resistance to chemicals, are offering lucrative growth opportunities to industry investors. Apart from this, the rising demand for smaller, lighter, and more durable electronic devices is strengthening the growth of the market. Furthermore, key players are introducing bio-based polyamides that benefit in reducing environmental pollution while maintaining the desired properties of the material.
Global Polyamide Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Arkema S.A., Asahi Kasei Corporation, BASF SE, DuPont de Nemours Inc., Evonik Industries AG, Gujarat State Fertilizers & Chemicals Limited (GSFC), Huntsman International LLC, Koch Industries Inc., Koninklijke DSM N.V., Lanxess AG, Mitsubishi Chemical Corporation, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Solvay S.A. and Toray Industries Inc.
The report segmented the market on the basis of region, type, application and end use industry.
Breakup by Type:
- Aliphatic Polyamides
- Aromatic Polyamides
Breakup by Application:
- Polyamide Fibers and Films
- Engineering Plastics
Breakup by End Use Industry:
- Electrical and Electronics
- Consumer Goods
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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