South America Polyamide Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.96 Billion |
|
|
Market Size (2029) | USD 1.30 Billion |
|
Largest Share by End User Industry | Packaging |
|
|
CAGR (2024 - 2029) | 6.41 % |
|
Largest Share by Country | Brazil |
Major Players |
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|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
South America Polyamide Market Analysis
The South America Polyamide Market size is estimated at 0.96 billion USD in 2024, and is expected to reach 1.30 billion USD by 2029, growing at a CAGR of 6.41% during the forecast period (2024-2029).
0.96 Billion
Market Size in 2024 (USD)
1.30 Billion
Market Size in 2029 (USD)
6.57 %
CAGR (2017-2023)
6.41 %
CAGR (2024-2029)
Largest Market by End-user Industry
31.59 %
value share, Packaging, 2023
PA is increasingly used in the flexible packaging industry to achieve weight reduction and preserve product freshness. Thus, the packaging industry dominated the demand.
Fastest Growing Market by End-user Industry
8.60 %
Projected CAGR, Aerospace, 2024-2029
Owing to the increasing replacement of metal parts with plastic parts, combined with the exceptional properties of PA, the aerospace industry is likely to witness the fastest growth.
Largest Market by Sub Resin Type
44.72 %
value share, Polyamide (PA) 6, 2023
Owing to its applications and highest shares in various industries, including automotive, electrical and electronics, aerospace, and construction, PA 6 resin occupied the largest share.
Largest Market by Country
72.82 %
value share, Brazil, 2023
Having the highest volume share of around 60.54% in plastic packaging production in South America, Brazil held the largest share.
Leading Market Player
42.11 %
market share, Koch Industries, Inc., Inc.
With the largest production capacity of around 40 kilotons per year of PA resin in 2022 in South America, the company held the largest share of the market.
The packaging industry to remain dominant during the forecast period
- Polyamides are high-performance plastics that can withstand high temperatures and corrosive environments, making them suitable for applications in industries such as aerospace, automotive, and packaging. The South American polyamide market registered a growth of 11.64% value in 2022 compared to 2021. One of the major reasons behind the rise in polyamide consumption is its increasing application in the packaging and automotive industries.
- The packaging industry recorded the largest share of the market, with an annual growth rate of 15.65% in terms of value in 2022 compared to the previous year. This growth was attributed to the consumer shift toward convenience food and on-the-go lifestyles, as well as the development of retail-ready packaging, which drove the demand for packaging materials. Plastic packaging production increased by more than 252 thousand tons in 2022 compared to 2021, further impacting polyamide consumption.
- The automotive industry occupied the second-largest market in terms of consumption, with an annual growth rate of 12.32% in value in 2022 compared to 2021. Access to credit and low-interest rates offered by the government increased consumer confidence, leading to a boost in automobile sales in the region. Vehicle production reached 5.12 million units in 2022, which was 6.8% higher than in 2021. As a result, the demand for polyamides surged in the automotive industry in 2022.
- The market is expected to record a CAGR of 6.46% in value during the forecast period [2023-2029], with the aerospace industry reporting the highest CAGR of 8.65% by value. This growth can be attributed to the demand for 2460 new passenger and freighter aircraft by 2040, which will boost the production of aerospace components and increase the consumption of polyamides in the future.
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Brazil to exhibit high growth rate aided by fast-paced packaging and electronics industries
- Polyamide has a wide range of applications in the packaging and electrical and electronics industries, such as packaging foods and beverages, specifically convenience-sized soft drinks, water, coil forms, electrical encapsulation, electrical devices, and smart meters. South America accounted for around 5.05% of the global consumption of polyamide resin in 2022 by value.
- Brazil is the largest shareholder in the regional market, and the country's demand for polyamide resin is increasing significantly due to the rising packaging and electrical and electronics industries. Brazil occupied the largest share of regional packaging production, with a 61% share in 2022. Brazil's plastic packaging production is expected to reach 5.21 million tons by 2029, compared to 3.67 million tons in 2022. The surge in demand for technologically advanced consumer electronics and appliances such as smartphones, laptops, computers, cameras, televisions, and others is expected to boost consumer electronics demand. The e-commerce market in the country is projected to reach a revenue of around USD 94.63 billion in 2027 from USD 53.86 billion in 2023.
- Argentina is the fastest-growing market segment, with a 9.04% CAGR in terms of revenue, which can be attributed to the country's automotive industry. The automotive industry is predicted to witness a CAGR of 10.78% in value during the forecast period. Argentina passed legislation promoting the auto industry, which implements schemes such as the early refund of the VAT, which will increase vehicle sales in the future. For example, vehicle production in the country is expected to reach 1,279 thousand units by 2029 compared to 803 thousand units in 2022.
South America Polyamide Market Trends
Rapid pace of technological innovations to boost the industry growth
- In South America, Brazil held the major share of nearly 40% of the region's electrical and electronics production revenue in 2017. In 2017, Brazilian electronics products had a penetration of nearly 20% in the e-commerce sector. The advancement of technology in the region increased the demand for consumer electronics products, such as smart TVs, smart refrigerators, smart air conditioners, and other electrical and electronic products. South American electrical and electronics production revenue witnessed a CAGR of over 6.16% between 2017 and 2019.
- In 2020, with the rise in demand for consumer electronics for remote working and home entertainment due to the pandemic, the production of electrical and electronic products in the region increased at a growth rate of 1.1% by revenue compared to the previous year. Rising disposable income, increased demand for luxury products, technological advancements, and improvement in living standards are some of the major factors driving the electrical and electronics market's growth. As a result, in the region, electrical and electronics production also increased at a rate of 14.9% by revenue in 2021.
- The rapid pace of electronic technological innovation is driving consistent demand for newer and faster electrical and electronic products. As a result, it has also increased the demand for the production of electrical and electronics in the region. The penetration of multinational companies, like LG, Samsung, Microsoft, Panasonic, Dell, Intel, Toshiba, Sony, Philips, Sharp, Apple, and Lenovo, also positively affects the electrical and electronics market. All such factors are expected to fuel the production revenue of electrical and electronics in the region during the forecast period at a rate of around 7%.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing agreements and partnerships to boost the growth
- Government reforms and increasing infrastructure investments to aid the industry growth
- The automotive industry to boost the demand for polyamide in South America
- Owing to low recycling rates in South American countries the scope of recycling rises with government initiatives
- Fast paced growth of electric vehicle sales to augment the industry
- Food packaging to drive the plastic packaging demand
- Volatile crude oil prices and geopolitical factors to highly influence prices of polyamide resins
South America Polyamide Industry Overview
The South America Polyamide Market is fairly consolidated, with the top five companies occupying 100%. The major players in this market are Asahi Kasei Corporation, BASF SE, Celanese Corporation, DSM and Koch Industries, Inc. (sorted alphabetically).
South America Polyamide Market Leaders
Asahi Kasei Corporation
BASF SE
Celanese Corporation
DSM
Koch Industries, Inc.
Other important companies include AdvanSix, Ascend Performance Materials, Domo Chemicals, EMS-Chemie Holding AG, UBE Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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South America Polyamide Market News
- January 2023: DSM introduced two new polyamide grades, Akulon FLX-LP and Akulon FLX40-HP, which will be used as liner materials and will provide robust performance in Type IV pressure vessels used for hydrogen storage.
- November 2022: Celanese Corporation completed the acquisition of the Mobility & Materials (“M&M”) business of DuPont. This acquisition enhanced the company's product portfolio of engineered thermoplastics through the addition of well-recognized brands and intellectual properties of DuPont.
- October 2021: EMS-Chemie Holding AG developed polyamide resin to be used as metal replacement under the brand Grivory G7V with high UV stability for increased surface finish applications.
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.
South America Polyamide Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Aerospace
2.1.2. Automotive
2.1.3. Building and Construction
2.1.4. Electrical and Electronics
2.1.5. Packaging
2.2. Import And Export Trends
2.2.1. Polyamide (PA) Trade
2.3. Price Trends
2.4. Recycling Overview
2.4.1. Polyamide (PA) Recycling Trends
2.5. Regulatory Framework
2.5.1. Argentina
2.5.2. Brazil
2.6. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Aerospace
3.1.2. Automotive
3.1.3. Building and Construction
3.1.4. Electrical and Electronics
3.1.5. Industrial and Machinery
3.1.6. Packaging
3.1.7. Other End-user Industries
3.2. Sub Resin Type
3.2.1. Aramid
3.2.2. Polyamide (PA) 6
3.2.3. Polyamide (PA) 66
3.2.4. Polyphthalamide
3.3. Country
3.3.1. Argentina
3.3.2. Brazil
3.3.3. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
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).
4.4.1. AdvanSix
4.4.2. Asahi Kasei Corporation
4.4.3. Ascend Performance Materials
4.4.4. BASF SE
4.4.5. Celanese Corporation
4.4.6. Domo Chemicals
4.4.7. DSM
4.4.8. EMS-Chemie Holding AG
4.4.9. Koch Industries, Inc.
4.4.10. UBE Corporation
5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, SOUTH AMERICA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, SOUTH AMERICA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, SOUTH AMERICA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, SOUTH AMERICA, 2017 - 2021
- Figure 8:
- SOUTH AMERICA POLYAMIDE MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
- Figure 9:
- VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 10:
- VALUE OF POLYAMIDE (PA) CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 11:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 12:
- VALUE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 13:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 14:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 15:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN AEROSPACE INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE OF POLYAMIDE (PA) CONSUMED IN AEROSPACE INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN AEROSPACE INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 18:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE OF POLYAMIDE (PA) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 21:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 22:
- VALUE OF POLYAMIDE (PA) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 24:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 25:
- VALUE OF POLYAMIDE (PA) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 26:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 27:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 28:
- VALUE OF POLYAMIDE (PA) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 30:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN PACKAGING INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 31:
- VALUE OF POLYAMIDE (PA) CONSUMED IN PACKAGING INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 32:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 33:
- VOLUME OF POLYAMIDE (PA) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 34:
- VALUE OF POLYAMIDE (PA) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 35:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 36:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 37:
- VALUE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 38:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 39:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 40:
- VOLUME OF ARAMID CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 41:
- VALUE OF ARAMID CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 42:
- VALUE SHARE OF ARAMID CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 43:
- VOLUME OF POLYAMIDE (PA) 6 CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 44:
- VALUE OF POLYAMIDE (PA) 6 CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 45:
- VALUE SHARE OF POLYAMIDE (PA) 6 CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 46:
- VOLUME OF POLYAMIDE (PA) 66 CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 47:
- VALUE OF POLYAMIDE (PA) 66 CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 48:
- VALUE SHARE OF POLYAMIDE (PA) 66 CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 49:
- VOLUME OF POLYPHTHALAMIDE CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 50:
- VALUE OF POLYPHTHALAMIDE CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 51:
- VALUE SHARE OF POLYPHTHALAMIDE CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 52:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 53:
- VALUE OF POLYAMIDE (PA) CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 54:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 55:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 56:
- VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, ARGENTINA, 2017 - 2029
- Figure 57:
- VALUE OF POLYAMIDE (PA) CONSUMED, USD, ARGENTINA, 2017 - 2029
- Figure 58:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
- Figure 59:
- VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, BRAZIL, 2017 - 2029
- Figure 60:
- VALUE OF POLYAMIDE (PA) CONSUMED, USD, BRAZIL, 2017 - 2029
- Figure 61:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
- Figure 62:
- VOLUME OF POLYAMIDE (PA) CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 63:
- VALUE OF POLYAMIDE (PA) CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 64:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
- Figure 65:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH AMERICA, 2019 - 2021
- Figure 66:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2019 - 2021
- Figure 67:
- PRODUCTION CAPACITY SHARE OF POLYAMIDE (PA) BY MAJOR PLAYERS, %, SOUTH AMERICA, 2022
South America 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. Argentina, Brazil are covered as segments by Country.
- Polyamides are high-performance plastics that can withstand high temperatures and corrosive environments, making them suitable for applications in industries such as aerospace, automotive, and packaging. The South American polyamide market registered a growth of 11.64% value in 2022 compared to 2021. One of the major reasons behind the rise in polyamide consumption is its increasing application in the packaging and automotive industries.
- The packaging industry recorded the largest share of the market, with an annual growth rate of 15.65% in terms of value in 2022 compared to the previous year. This growth was attributed to the consumer shift toward convenience food and on-the-go lifestyles, as well as the development of retail-ready packaging, which drove the demand for packaging materials. Plastic packaging production increased by more than 252 thousand tons in 2022 compared to 2021, further impacting polyamide consumption.
- The automotive industry occupied the second-largest market in terms of consumption, with an annual growth rate of 12.32% in value in 2022 compared to 2021. Access to credit and low-interest rates offered by the government increased consumer confidence, leading to a boost in automobile sales in the region. Vehicle production reached 5.12 million units in 2022, which was 6.8% higher than in 2021. As a result, the demand for polyamides surged in the automotive industry in 2022.
- The market is expected to record a CAGR of 6.46% in value during the forecast period [2023-2029], with the aerospace industry reporting the highest CAGR of 8.65% by value. This growth can be attributed to the demand for 2460 new passenger and freighter aircraft by 2040, which will boost the production of aerospace components and increase the consumption of polyamides in the future.
| 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 | |
| Argentina | |
| Brazil | |
| Rest of South America |
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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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