Polyamides Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Product Type (Polyamide 6,6, Polyamide 6, Polyamide 66, Kevlar, and Other Product Types) Application (Moisture-absorbent, Chemical-resistant, Temperature-resistant, Aesthetic, and Colorable), End-user Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Packaging and Storage, Extrusion, Textile, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

4 %

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Market Overview

The polyamides market is expected to register a CAGR of over 4% during the forecast period. The major factors driving the market studied include increasing demand for polyamide 6 and polyamide 66 from the automotive industry, wide-spread applications in the packaging industry, and increase in demand for kevlar from the defense sector.

  • Stringent government regulations and competition from elastomer-based alternatives are expected to hinder the growth of the market studied.
  • Asia-Pacific is expected to dominate the global market during the forecast period.
  • Increasing popularity of bio-based polyamides is likely to act as opportunities in the future.

Scope of the Report

The polyamides market includes:  

Product Type
Polyamide 6,6
Polyamide 6
Polyamide 66
Kevlar
Other Product Types
Application
Moisture-absorbent
Chemical-resistant
Temperature-resistant
Aesthetic
Colorable
End-user Industry
Automotive
Aerospace and Defense
Electrical and Electronics
Packaging and Storage
Extrusion
Textile
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
Italy
France
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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Key Market Trends

Growing Applications in the Automotive Industry

  • The use of plastics makes vehicles lighter, safer, and more economical. Plastics are used for making interiors, structural elements, propulsion engineering, and technical parts, among others.
  • Polyamide is used in the production of glass-reinforced plastics-based structural parts, air intake manifolds, engine covers, rocker valve covers, airbag containers, and various other interior and exterior automotive parts.
  • For a car's powertrain, manufacturers are promoting plastic chain tensioner guides made of PA 4, 6, since PA 6, 4, which offers better wear performance than high molecular weight PA 6, 6, and PA 6, 6.
  • It also enhances safety and reduces noise generation. PA 6, 6 has found its way into automotive cooling systems, where it allows the consolidation of various components that were once made of aluminum and plastics. PA 6, 6 is also used in headlamp bezels.
  • Furthermore, the growing demand for lightweight materials in the automotive industry, in order to provide increased efficiency and design flexibility, is primarily responsible for the growth of the polyamide market in recent times.

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China to Dominate the Asia-Pacific Market

  • The Chinese automotive manufacturing industry is the largest in the world. The automotive industry is the largest consumer of polyamides. The demand for polyamides from the automotive sector is increasing at a moderately high rate.
  • Globally, China registered the largest defense spending in the world, after the United States. The aviation industry in the country is expected to gather around 6,000 new airplanes by 2033.
  • The increase in the numbers of passengers encouraged the government to invest more in the production of additional flights, which in turn, increased the consumption of polyamides.
  • Electronic products, such as smartphones, OLED TVs, tablets, etc., registered the highest growth rate in the consumer electronics segment.
  • With the increase in the disposable income of middle-class population, the demand for electronic products is projected to grow in the near future, thereby driving the polyamide market.
  • Furthermore, countries, such as India and Japan, are also contributing the favorable share and is expected to contribute toward the growth of the polyamides market over the forecast period. 

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Competitive Landscape

The polyamide market is partially fragmented in nature. Some of the major players of the market studied include Arkema, BASF SE, DuPont, Royal DSM, and Kuraray Co. Ltd, among others.

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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 Demand for Polyamide 6 and Polyamide 66 from the Automotive Industry

      2. 4.1.2 Wide-spread Applications in the Packaging Industry

      3. 4.1.3 Increase in Demand for Kevlar from the Defense Sector

    2. 4.2 Restraints

      1. 4.2.1 Stringent Government Regulations

      2. 4.2.2 Competition from Elastomer-based Alternatives

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Polyamide 6,6

      2. 5.1.2 Polyamide 6

      3. 5.1.3 Polyamide 66

      4. 5.1.4 Kevlar

      5. 5.1.5 Other Product Types

    2. 5.2 Application

      1. 5.2.1 Moisture-absorbent

      2. 5.2.2 Chemical-resistant

      3. 5.2.3 Temperature-resistant

      4. 5.2.4 Aesthetic

      5. 5.2.5 Colorable

    3. 5.3 End-user Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Aerospace and Defense

      3. 5.3.3 Electrical and Electronics

      4. 5.3.4 Packaging and Storage

      5. 5.3.5 Extrusion

      6. 5.3.6 Textile

      7. 5.3.7 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 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 Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Aquafil SpA

      2. 6.4.2 Arkema

      3. 6.4.3 Asahi Kasei Corporation

      4. 6.4.4 Ascend Performance Materials

      5. 6.4.5 BASF SE

      6. 6.4.6 DowDuPont

      7. 6.4.7 INVISTA

      8. 6.4.8 Royal DSM

      9. 6.4.9 Kuraray Co. Ltd

      10. 6.4.10 Lanxess

      11. 6.4.11 NILIT

      12. 6.4.12 Radici Partecipazioni SpA

      13. 6.4.13 Toray Industries Inc.

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Popularity of Bio-based Polyamides

    2. 7.2 Emerging Applications in the Fiber-reinforced Composites

** Subject to Availability

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