Global Polyamide Market Overview 2023-2028
Polyamide, commonly referred to as nylon, is a highly adaptable and high-performance synthetic polymer. It can be obtained from natural sources such as wool and silk or produced synthetically. This thermoplastic substance provides exceptional strength, durability, low gas permeability, and resistance to chemicals. Additionally, it contributes to enhanced mechanical strength, a high melting point, and protection against abrasion. Consequently, polyamide finds extensive application in various industries worldwide, including electronics, automotive, and textiles.
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:
Currently, the automotive industry is experiencing a notable surge in the utilization of polyamide as a superior alternative to metals for manufacturing automotive components, including engine parts and gears. This trend is a significant driver for market expansion. Moreover, the increasing global popularity of electric vehicles (EVs) is fueling the demand for polyamide, further bolstering the market outlook. Additionally, the advantageous characteristics of polyamide, such as improved electrical insulation, thermal stability, and chemical resistance, present lucrative growth prospects for industry investors. The market is also being propelled by the growing need for smaller, lighter, and more resilient electronic devices. Furthermore, industry leaders are introducing bio-based polyamides, which not only help reduce environmental pollution but also maintain 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
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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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