Polyamide Precursors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Type (Adipic Acid (ADA), Caprolactam (CPL), Hexamethylenediamine (HMDA), and Other Types), End-user Industry (Automotive, Electrical and Electronics, Textile, Packaging and Other End-user Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Polyamide Precursors Market Size

polyamide precursors market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

polyamide precursors market size

*Disclaimer: Major Players sorted in no particular order
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Polyamide Precursors Market Analysis

The market for polyamide precursors is expected to grow at a CAGR of more than 4% globally during the forecast period.

Increasing usage in textile applications and growing demand from the automobile industry are driving the market growth.

The impact of COVID-19 and other reasons are expected to hinder the market growth.

Polyamide Precursors Market Trends

This section covers the major market trends shaping the Polyamide Precursors Market according to our research experts:

Growing Demand from Automobile and Textile Industries

  • Adipic Acid (ADA), Caprolactam (CPL), Hexamethylenediamine (HMDA) are a few types of polyamide precursors that are being used for many applications. Polyamide precursors are used for producing nylon derivatives such as nylon 6 and nylon 66 (Nylon is a synthetic polymer called a polyamide).
  • A high amount of hexamethylenediamine is consumed for the manufacturing of nylon 66. The adoption of nylon 66 can be seen in the automotive, textiles, and packaging sectors.
  • The main focus of automobiles in recent times is to reduce vehicle weight for greater fuel efficiency and lower emissions. This is likely to raise the demand for lightweight composite nylon resins in automotive applications for under-the-hood components and interior body parts.
  • Nylon 6 fibers are wrinkle-proof and highly resistant to abrasion and chemicals, such as acids and alkalis. Few applications of these fibers include sportswear, swimwear, hosiery, and fashion wear. They have a great stretch fit properties when combined with spandex fibers.
  • Recently, the outbreak of COVID-19 in all regions is expected to decrease the demand for polyamide precursors due to contraction in automotive and other end-user industries, in the short term.
polyamide precursors market share

Asia-Pacific Region to Dominate the Market in the Coming Years

  • Asia-Pacific is expected to dominate the global market owing to the highly developed automobile sector in China, Korea, Japan, and India, coupled with the continuous investments done in the region to advance the textile and electronics sectors through the years.
  • Electronics Industry is one the consumer of polyamide precursors for various applications. ADA is being used in smartphones, OLED TVs, tablets, etc., and is projected to have the highest growth in the market due to the growing consumer electronics segment.
  • Technical fibers are the fastest-growing segment in the Asia-Pacific region due to their applications. Sport, and Medical, sectors are witnessing high demand for these materials owing to the advancements in these sectors in Asia-Pacific.
  • According to the National Bureau of Statistics of China, the export volumes of carpets from China increased from 457.25 million square meters to 635.28 million square meters from 2009-2018. However, the growth rate declined slightly in 2019, in turn impacting the demand for caprolactam in the country.
  • Growth in the electrical and electronics and textile sectors in the Asia-Pacific region are expected to drive the market for polyamide precursors through the years to come.
polyamide precursors industry

Polyamide Precursors Industry Overview

The global high-performance polyamides market is fragmented in nature with many players competing in the market. Some of the major companies are BASF SE, Asahi Kasei Corporation, Lanxess AG, Toray Industries, Inc., and Evonik Industries, among others.

Polyamide Precursors Market Leaders

  1. Asahi Kasei Corporation

  2. BASF SE

  3. Lanxess AG

  4. Toray Industries, Inc

  5. Evonik Industries AG

*Disclaimer: Major Players sorted in no particular order

Asahi Kasei Corporation, Ascend Performance Materials, BASF SE, DuPont, Evonik Industries AG, Huafon Group Co.,Ltd, Invista, Lanxess AG
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Polyamide Precursors Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Usage in Textile Applications

      2. 4.1.2 Growing Demand from the Automobile Industry

    2. 4.2 Restraints

      1. 4.2.1 High Cost and Impact of COVID-19

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Adipic Acid (ADA)

      2. 5.1.2 Caprolactam (CPL)

      3. 5.1.3 Hexamethylenediamine (HMDA)

      4. 5.1.4 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Electrical and Electronics

      3. 5.2.3 Textile

      4. 5.2.4 Packaging

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Asahi Kasei Corporation

      2. 6.4.2 Ascend Performance Materials

      3. 6.4.3 BASF SE

      4. 6.4.4 DuPont

      5. 6.4.5 Evonik Industries AG

      6. 6.4.6 Huafon Group Co.,Ltd

      7. 6.4.7 Invista

      8. 6.4.8 Lanxess AG

      9. 6.4.9 Solvay

      10. 6.4.10 Toray Industries, Inc

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Growth in Electronics

    2. 7.2 Other Opportunities

**Subject to Availability
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Polyamide Precursors Industry Segmentation

The Polyamide Precursors Market report include:

Type
Adipic Acid (ADA)
Caprolactam (CPL)
Hexamethylenediamine (HMDA)
Other Types
End-user Industry
Automotive
Electrical and Electronics
Textile
Packaging
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Polyamide Precursors Market Research FAQs

The Polyamide Precursors Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Asahi Kasei Corporation , BASF SE, Lanxess AG, Toray Industries, Inc and Evonik Industries AG are the major companies operating in the Polyamide Precursors Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Polyamide Precursors Market.

The report covers the Polyamide Precursors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polyamide Precursors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Polyamide Precursors Industry Report

Statistics for the 2024 Polyamide Precursors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polyamide Precursors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Polyamide Precursors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)