Asia-Pacific Polyamide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Asia-Pacific Polyamide Market is segmented by End User Industry (Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging), by Sub Resin Type (Aramid, Polyamide (PA) 6, Polyamide (PA) 66, Polyphthalamide) and by Country (Australia, China, India, Japan, Malaysia, South Korea). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Asia-Pacific Polyamide Market Size

Asia-Pacific Polyamide Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 9.22 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 12.67 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Automotive
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 6.57 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country China

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Asia-Pacific Polyamide Market Analysis

The Asia-Pacific Polyamide Market size is estimated at 9.22 billion USD in 2024, and is expected to reach 12.67 billion USD by 2029, growing at a CAGR of 6.57% during the forecast period (2024-2029).

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9.22 Billion

Market Size in 2024 (USD)

12.67 Billion

Market Size in 2029 (USD)

4.19 %

CAGR (2017-2023)

6.57 %

CAGR (2024-2029)

Largest Market by End-user Industry

31.78 %

value share, Automotive, 2023

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Due to its temperature and chemical resistance, PA is used in a wide range of automotive applications, including intake manifolds, fuel lines, and underhood parts.

Fastest Growing Market by End-user Industry

8.30 %

Projected CAGR, Packaging, 2024-2029

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Owing to the high puncture resistance, transparency, and weather resistance, the demand for PA, especially in food packaging, is increasing and is projected to witness the fastest growth.

Largest Market by Sub Resin Type

52.14 %

value share, Polyamide (PA) 6, 2023

Owing to its applications and the highest shares in various industries, including automotive, electrical and electronics, aerospace, and construction, PA 6 resin occupied the largest share.

Largest Market by Country

60.20 %

value share, China, 2023

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Having the highest share of around 44.75% in automotive production and around 68.01% of revenue share in electronics production in 2022, China held the largest market share in the region.

Leading Market Player

21.28 %

market share, Highsun Holding Group, 2022

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With the largest production capacity of 910 kilotons per year of PA resin in 2022, the company held the largest share of the market. It offers various PA resins for extrusion, compounding, blow molding, and other applications.

The automotive industry to remain dominant during the forecast period

  • Polyamides are high-performance plastics that can withstand high temperatures and corrosive environments. Due to their non-adhesive and low friction properties, they are suitable for applications in various end-user industries like aerospace, electronics, automotive, and telecommunications. Asia-Pacific accounted for 51% of the global consumption of polyamides in 2022, making it the largest consumer of polyamides in the world.
  • The automotive industry holds the largest market share, accounting for 33% of the region's total polyamide consumption in 2022. China's automotive industry was the largest consumer of polyamides in the region in 2022. China is an emerging exporter of small- and medium-sized vehicles, with companies like Geely, Chery, and BYD setting up manufacturing plants to penetrate developing vehicle markets abroad. This is increasing the production of vehicles and the application of polyamides in the country. Vehicle production in the country is expected to reach 64.7 million units in 2029 compared to 46.6 million units in 2022.
  • The packaging industry is expected to be the fastest-growing industry in terms of consumption of polyamides. It is predicted to register a CAGR of 8.22%, by value, during the forecast period [2023-2029]. Trends such as technology-enabled packaging, personalized packaging, and sustainable and environmentally friendly product-driven packaging, which aims to reduce carbon footprint, are expected to drive future demand for food and retail packaging. The packaging industry in countries like South Korea and China is among the fastest-growing in terms of polyamide consumption. These countries are projected to register CAGRs of 10.30% and 9.24%, respectively, by value, during the forecast period.
Asia-Pacific Polyamide Market

China to remain as a market leader in the region

  • The Asia-Pacific region is the largest consumer of polyamides globally, holding a share of over 50.86% in 2022. In this region, polyamides are used extensively in a variety of applications, including electrical and electronics, automotive, consumer goods, and food packaging industries.
  • In 2019, due to geopolitical tensions, global trade saw a minor decline. This decline was particularly pronounced in Malaysia, resulting in the country's first full-year drop in a decade. Consequently, the demand for polyamides in the country fell by 10.09% compared to 2018, whereas the regional demand experienced a Y-o-Y decrease of 2.53%. In 2020, various restrictive factors, such as worker unavailability and raw material shortages resulting from operational and trade restrictions during the pandemic, severely impacted various end-user industries. This factor, in turn, negatively affected the polyamide demand in the region.
  • However, in 2021, as restrictions eased, polyamide demand returned to pre-pandemic levels. This resurgence was primarily driven by the rapid growth in industrial activities in countries like Australia and Malaysia. This growth trend is expected to continue throughout the forecast period, with China expected to witness the highest growth in polyamide demand among all countries. Overall, polyamide demand from the Asia-Pacific region is anticipated to register a CAGR of 4.81% in terms of volume during the forecast period.

Asia-Pacific Polyamide Market Trends

Rapid growth in ASEAN countries to foster electronics production

  • The Asia-Pacific region saw an increase in electrical and electronics production revenue by 13.9% from 2020 to 2021. The electronics sector accounts for 20-50% of the total value of most Asian countries' exports. Consumer electronics such as televisions, radios, computers, and cellular phones are largely manufactured in the ASEAN region.
  • ASEAN leads the production of hard drives, with over 80% of hard drives being manufactured in the region. Overall, the electrical and electronics (E&E) industry in ASEAN relies more on foreign inputs and technology than other industries, with 53% of E&E exports arising from foreign value added (FVA) or foreign inputs integrated into ASEAN’s E&E exports.
  • Countries like Thailand and Malaysia lead in the production of electronics in the region. Thailand, home to one of the largest electronics assembly bases in Southeast Asia, leads in the production of hard drives, integrated circuits, and semiconductors. It ranks second in manufacturing air conditioning units and fourth in the global refrigerators market.
  • The electronics industry has greatly benefitted from ASEAN's integrated production networks, which foster improved trade with larger Asian economies like China and Japan.
  • China held an 11.2% share of global exports in electrical products and registered a growth of 5.8% in the export of digital products from 2019 to 2020. According to the Asian Development Bank, China provides a large market for electronics in the region. Countries such as Thailand, Japan, China, Malaysia, India, and the Philippines continue to lead the region in the production of electronics.
Asia-Pacific Polyamide Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Rapid growth of civil aviation to drive the aerospace component production
  • Growing FDI, coupled with supportive government initiatives, to drive the construction industry
  • Asia-Pacific to remain as a net importer of polyamide resin
  • Technological advancements made the commercialization of recycled various engineering plastics economically viable.
  • Electric vehicles to boost the automobile market in the coming years
  • Evolving consumer trends and growing e-commerce sector to amplify plastic packaging industry
  • Rapidly growing demand and crude oil prices to have a major impact

Asia-Pacific Polyamide Industry Overview

The Asia-Pacific Polyamide Market is moderately consolidated, with the top five companies occupying 51.54%. The major players in this market are Hangzhou Juheshun New Materials Co., Ltd., Highsun Holding Group, Koch Industries, Inc., LIBOLON and Shenma Industrial Co., Ltd. (sorted alphabetically).

Asia-Pacific Polyamide Market Leaders

  1. Hangzhou Juheshun New Materials Co., Ltd.

  2. Highsun Holding Group

  3. Koch Industries, Inc.

  4. LIBOLON

  5. Shenma Industrial Co., Ltd.

Asia-Pacific Polyamide Market Concentration

Other important companies include China Petrochemical Development Corporation, Guangdong Xinhui Meida Nylon Co.,Ltd, Sinolong, UBE Corporation, Zig Sheng Industrial Co., Ltd..

*Disclaimer: Major Players sorted in alphabetical order.

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Asia-Pacific Polyamide Market News

  • January 2022: As part of the collaboration, Invista Textiles (UK) Limited planned to license its nylon 66 polymerization technology for two new production lines to Pingmei Shenma.
  • August 2021: Koch Industries Inc.'s subsidiary, Invista, has a subsidiary in China called Invista Nylon Chemicals (China) Co., which planned to double its current nylon 66 polymer production capacity at Shanghai Chemical Industry Park (SCIP) to 400,000 tons per year, strengthening Koch Industries Inc.'s integrated nylon 66 value chain in China.
  • June 2021: Hangzhou Juheshun New Materials Co. Ltd increased the capacity of its polyamide 6 production facility in China to 300,000 tons to address the growing demand.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

Asia-Pacific Polyamide Market
Asia-Pacific Polyamide Market
Asia-Pacific Polyamide Market
Asia-Pacific Polyamide Market

Asia-Pacific Polyamide Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Import And Export Trends

      1. 2.2.1. Polyamide (PA) Trade

    3. 2.3. Price Trends

    4. 2.4. Recycling Overview

      1. 2.4.1. Polyamide (PA) Recycling Trends

    5. 2.5. Regulatory Framework

      1. 2.5.1. Australia

      2. 2.5.2. China

      3. 2.5.3. India

      4. 2.5.4. Japan

      5. 2.5.5. Malaysia

      6. 2.5.6. South Korea

    6. 2.6. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Building and Construction

      4. 3.1.4. Electrical and Electronics

      5. 3.1.5. Industrial and Machinery

      6. 3.1.6. Packaging

      7. 3.1.7. Other End-user Industries

    2. 3.2. Sub Resin Type

      1. 3.2.1. Aramid

      2. 3.2.2. Polyamide (PA) 6

      3. 3.2.3. Polyamide (PA) 66

      4. 3.2.4. Polyphthalamide

    3. 3.3. Country

      1. 3.3.1. Australia

      2. 3.3.2. China

      3. 3.3.3. India

      4. 3.3.4. Japan

      5. 3.3.5. Malaysia

      6. 3.3.6. South Korea

      7. 3.3.7. Rest of Asia-Pacific

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. China Petrochemical Development Corporation

      2. 4.4.2. Guangdong Xinhui Meida Nylon Co.,Ltd

      3. 4.4.3. Hangzhou Juheshun New Materials Co., Ltd.

      4. 4.4.4. Highsun Holding Group

      5. 4.4.5. Koch Industries, Inc.

      6. 4.4.6. LIBOLON

      7. 4.4.7. Shenma Industrial Co., Ltd.

      8. 4.4.8. Sinolong

      9. 4.4.9. UBE Corporation

      10. 4.4.10. Zig Sheng Industrial Co., Ltd.

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 6:  
  2. IMPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, ASIA-PACIFIC, 2017 - 2021
  1. Figure 7:  
  2. EXPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, ASIA-PACIFIC, 2017 - 2021
  1. Figure 8:  
  2. ASIA-PACIFIC POLYAMIDE MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
  1. Figure 9:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 10:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 11:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 13:  
  2. VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 14:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 15:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED IN AEROSPACE INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED IN AEROSPACE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN AEROSPACE INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 24:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 27:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 29:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 30:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED IN PACKAGING INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 31:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED IN PACKAGING INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 32:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 33:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 34:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 35:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 36:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 37:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 38:  
  2. VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 39:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 40:  
  2. VOLUME OF ARAMID CONSUMED, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 41:  
  2. VALUE OF ARAMID CONSUMED, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 42:  
  2. VALUE SHARE OF ARAMID CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 43:  
  2. VOLUME OF POLYAMIDE (PA) 6 CONSUMED, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 44:  
  2. VALUE OF POLYAMIDE (PA) 6 CONSUMED, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 45:  
  2. VALUE SHARE OF POLYAMIDE (PA) 6 CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 46:  
  2. VOLUME OF POLYAMIDE (PA) 66 CONSUMED, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 47:  
  2. VALUE OF POLYAMIDE (PA) 66 CONSUMED, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 48:  
  2. VALUE SHARE OF POLYAMIDE (PA) 66 CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 49:  
  2. VOLUME OF POLYPHTHALAMIDE CONSUMED, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 50:  
  2. VALUE OF POLYPHTHALAMIDE CONSUMED, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 51:  
  2. VALUE SHARE OF POLYPHTHALAMIDE CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 52:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 53:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 54:  
  2. VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 55:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 56:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
  1. Figure 57:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED, USD, AUSTRALIA, 2017 - 2029
  1. Figure 58:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
  1. Figure 59:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, CHINA, 2017 - 2029
  1. Figure 60:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED, USD, CHINA, 2017 - 2029
  1. Figure 61:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
  1. Figure 62:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 63:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 64:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 65:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, JAPAN, 2017 - 2029
  1. Figure 66:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED, USD, JAPAN, 2017 - 2029
  1. Figure 67:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, JAPAN, 2022 VS 2029
  1. Figure 68:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, MALAYSIA, 2017 - 2029
  1. Figure 69:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED, USD, MALAYSIA, 2017 - 2029
  1. Figure 70:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2029
  1. Figure 71:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, SOUTH KOREA, 2017 - 2029
  1. Figure 72:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 73:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2022 VS 2029
  1. Figure 74:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 75:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 76:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2022 VS 2029
  1. Figure 77:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2019 - 2021
  1. Figure 78:  
  2. MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2019 - 2021
  1. Figure 79:  
  2. PRODUCTION CAPACITY SHARE OF POLYAMIDE (PA) BY MAJOR PLAYERS, %, ASIA-PACIFIC, 2022

Asia-Pacific Polyamide Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Aramid, Polyamide (PA) 6, Polyamide (PA) 66, Polyphthalamide are covered as segments by Sub Resin Type. Australia, China, India, Japan, Malaysia, South Korea are covered as segments by Country.

  • Polyamides are high-performance plastics that can withstand high temperatures and corrosive environments. Due to their non-adhesive and low friction properties, they are suitable for applications in various end-user industries like aerospace, electronics, automotive, and telecommunications. Asia-Pacific accounted for 51% of the global consumption of polyamides in 2022, making it the largest consumer of polyamides in the world.
  • The automotive industry holds the largest market share, accounting for 33% of the region's total polyamide consumption in 2022. China's automotive industry was the largest consumer of polyamides in the region in 2022. China is an emerging exporter of small- and medium-sized vehicles, with companies like Geely, Chery, and BYD setting up manufacturing plants to penetrate developing vehicle markets abroad. This is increasing the production of vehicles and the application of polyamides in the country. Vehicle production in the country is expected to reach 64.7 million units in 2029 compared to 46.6 million units in 2022.
  • The packaging industry is expected to be the fastest-growing industry in terms of consumption of polyamides. It is predicted to register a CAGR of 8.22%, by value, during the forecast period [2023-2029]. Trends such as technology-enabled packaging, personalized packaging, and sustainable and environmentally friendly product-driven packaging, which aims to reduce carbon footprint, are expected to drive future demand for food and retail packaging. The packaging industry in countries like South Korea and China is among the fastest-growing in terms of polyamide consumption. These countries are projected to register CAGRs of 10.30% and 9.24%, respectively, by value, during the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Sub Resin Type
Aramid
Polyamide (PA) 6
Polyamide (PA) 66
Polyphthalamide
Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
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Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polyamide market.
  • Resin - Under the scope of the study, virgin polyamide resins like Polyamide 6, Polyamide 66, Polyphthalamide, and Aramid in the primary forms are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Asia-Pacific Polyamide Market Research FAQs

The Asia-Pacific Polyamide Market size is expected to reach USD 9.22 billion in 2024 and grow at a CAGR of 6.57% to reach USD 12.67 billion by 2029.

In 2024, the Asia-Pacific Polyamide Market size is expected to reach USD 9.22 billion.

Hangzhou Juheshun New Materials Co., Ltd., Highsun Holding Group, Koch Industries, Inc., LIBOLON and Shenma Industrial Co., Ltd. are the major companies operating in the Asia-Pacific Polyamide Market.

In the Asia-Pacific Polyamide Market, the Automotive segment accounts for the largest share by end user industry.

In 2024, China accounts for the largest share by country in the Asia-Pacific Polyamide Market.

In 2023, the Asia-Pacific Polyamide Market size was estimated at 9.22 billion. The report covers the Asia-Pacific Polyamide Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Polyamide Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Polyamide Industry Report

Statistics for the 2023 Asia-Pacific Polyamide market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Polyamide analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia-Pacific Polyamide Market Report Snapshots

Asia-Pacific Polyamide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029