The polyamide market is projected to grow from USD 43.8 billion in 2023 to USD 55.7 billion by 2028, at a CAGR of 4.9% from 2023 to 2028. With a focus on Market growth and future opportunities, this report is a valuable resource for industry professionals, investors, and stakeholders. It includes figures, tables, charts, and insightful analysis. Moreover, the report provides a professional in-depth examination of the polyamide industry current scenario, CAGR, gross margin, revenue, price, production growth rate, volume, value, market share, and polyamide market growth are among the market data assessed and re-validation in the research.
By type, the bio-based & specialty polyamide segment is estimated to be the fastest growing segment of the global polyamide market during 2023 to 2028.
In terms of value, the bio-based & specialty polyamide segment, by product, is projected to be the fastest growing segment during the forecast period. It is made from renewable sources like castor oil or plants and offer sustainability without compromising key properties. Bio-nylon caters to various industries, including automotive, textiles, and packaging, while reducing emissions and fossil fuel dependence and aligning with the circular economy. These properties of bio-based polyamides which contribute to a circular economy are expected to boost the overall polyamide market.
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By application, the engineering plastics segment is projected to register highest CAGR of the global polyamide market during 2023 to 2028.
By application, the engineering plastics segment is projected to be the fastest-growing segment of the global polyamide market during the forecast period in terms of volume. They offer exceptional mechanical strength, thermal stability, and chemical resistance. These versatile plastics are crucial in automotive, aerospace, electronics, and consumer goods industries for producing durable, high-performance components and products which propel the overall polyamide market expansion.
By region, the Middle East & Africa is estimated to be the fastest growing segment of the global polyamide market during 2023 to 2028.
By region, Middle East & Africa is estimated to account for the fastest-growing region of polyamide market from 2023 to 2028. The automotive, power, manufacturing sectors, and infrastructural developments are the key drivers for engineering plastics such as polyamide in Middle East & Africa. UAE and Saudi Arabia are the major markets in the region. These are supported by rising income and increased demand for electronics products which boost the polyamide demand in the region.
Companies such as BASF SE (Germany), Envalior (Germany), Celanese Corporation (US), Arkema (US), and Evonik Industries AG (Germany), fall under the winners’ category. These are leading players in the polyamide market, globally. These players have adopted the strategies of new product launches, acquisitions, expansions, partnerships, collaborations, agreements and investments to increase their market shares.
BASF SE
BASF SE, is Germany’s largest chemical producer, operates production sites in Ludwigshafen (Germany) and Antwerp (Belgium), supplying polyamide and polyamide intermediates to customers in Europe and Asia. Its production sites across NAFTA countries supply polyamide to customers within the region. It develops and markets ingredients & additives for industrial applications, such as fuel & lubricant solutions, polymer dispersions, resins, electronic materials, antioxidants, light stabilizers, oilfield chemicals, and mineral processing & hydrometallurgical chemicals. With 390 production facilities across Europe and operations in more than 90 countries through its subsidiaries, BASF has a strong global presence in North America, Asia Pacific, South America, Africa, and the Middle East.
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Envalior
Envalior, a global engineering materials leader formed from the merger of DSM Engineering Materials and LANXESS High Performance Materials, offers a unique portfolio of brands, recycled and bio-based materials, and deep application and materials expertise. With a strong global footprint in Asia, Europe, and North America, Envalior’s high-performance solutions support the transformation of major industries, including automotive and new mobility, electronics and electrical, and consumer products, operates through three divisions namely specialty materials, performance materials, and intermediates and has 32 manufacturing and R&D centers worldwide, providing high-performance solutions to the sectors.
Celanese Corporation
Celanese is a multinational chemical and specialty materials company renowned for its engineering and production of diverse products. The company operates in two business segments, namely engineered materials, and acetyl chains. Its engineered materials segment, offers a comprehensive range of performance-driven plastics and materials and engineered plastics and materials are specifically developed to solve a wide range of challenges, including lightweight, dimensional stability, impact resistance, low friction and wear, and low moisture absorption. It has established a global footprint, operating across diverse regions, including Europe, Africa, Asia Pacific, and the Americas.
ArkemaArkema is one of the leading manufacturers of resins and additives with a product portfolio of paints, varnishes, and lacquers solutions. It operates business through four reportable segments, namely adhesive solutions, coating solutions, advanced materials, intermediates, and corporate. It offers polyamides under advanced materials segment, which includes high performance polymers and performance additives. It has a strong focus on R&D in developing electric mobility, offering a range of materials which enhance the performance of batteries. Arkema is expanding its footprint in production and R&D across Europe, North America, and Asia.
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Evonik Industries AGEvonik Industries AG is one of the leading specialty chemical manufacturers. The company operates through its six business segments, namely, smart materials, specialty additives, nutrition & care, performance materials, technology & infrastructure, and enabling functions, other activities, consolidation. It offers polyamide materials under the smart materials segment. It has multiple production units across Germany, US. Its R&D centers are located in New Jersey, Indiana, Pennsylvania, Maryland, North Carolina, Alabama, Istanbul, Bangkok, South Korea, Singapore, Kawasaki, Mumbai, Shanghai, Antwerp, Hamburg, and Halle. The company operates in more than 100 countries located across the regions such as Australia, North America, South America, Europe, Asia Pacific, and Africa.
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