Polyamide found application as an engineered plastics, fibers, and adhesives. In industries like automotive and electrical & electronics it is mainly used as an engineering plastics while in textile industry, the polymer found application as a fabric. Further, polyamide is used in the manufacturing of hot melt adhesives. Therefore, being a well forward integrated material, the demand of polyamide is likely to grow with rising industrial production owing to growing population, urbanization, and improving standard of living. Further, increasing focus on the research & development of high-performance polyamides is expected to create new revenue markets for the products. For instance, in medical industry, improving standards and regulations mandating high quality of plastics used in medical applications is creating market for specialty polyamides in the medical industry. Specialty polyamides like polyphthalamide (PPA) can be used in medical equipment due to its compatibility with disinfectant, high strength and stiffness. Further, EMS-GRIVORY, a company of EMS Group, manufactured polyamides are used in a wide range of applications for therapeutic equipment and laboratory fittings, disposable and reusable instruments, containers, medical infrastructure, protective equipment and mobility aids in the field of medical technology.

Based on type, the market is categorized into PA 6, PA 66, Aramid, and Others. Among these, PA 6 and PA 66 are among the largest consumed polyamides owing to their usage in wide range of industries due to their properties and cost. Automobile, textile, and electrical & electronics are among the largest end-user of PA 6 and PA 66.

Based on application, the market is categorized into engineered plastics, fibers, and adhesives. Among these, engineered plastics held the significant share in the market owing to its vast usage in automobile, packaging, and electrical & electronics industries. The demand of polyamides has increased with the increasing focus of automobile companies on vehicle weight reduction. In engineering plastics application, polyamides are commonly used as co-polymers (for example co-polymers of 6 and 66) and compounded with other materials. These fillers include glass beads, glass fibers and carbon fibers.

Based on end-user, the market is categorized into automotive, electrical & electronics, consumer goods & appliances, packaging, textile, and others. Among these, automotive held the prominent share in the market owing vast application area of polyamide in vehicle including battery casings, brake hoses, oil sumps and fenders. This in turn reduce the vehicle weight, thus improve the fuel efficiency. Further, using polyamides in place of metals in automobiles helps in cutting down the cost, thereby companies preferred polyamides over metals.

For a better understanding of the market adoption of Polyamide, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for significant share in the market and is expected to showcase substantial growth during the forecast period owing to growing industrial production, increasing investment in setting up new facilities by western players in order to take advantage of lower labor rate and raw material. Further, growing population, increasing urbanization couple with improving per-capita income boosting the demand from end-use industry, thereby increasing the demand of polyamides.

Some of the major players operating in the market include BASF SE, AdvanSix Inc., Ube Industries Ltd., Domo Chemicals NV, Toray Industries Inc., DuPont de Nemours Inc., Royal DSM N.V., Arkema S.A., Kuraray Co. Ltd., and Lanxess AG. These players are taking various strategic decisions to support the growing demand of polyamides.

For instance: in October 2021, Arkema S.A. announced that the construction of a polyamide 11 powders plant in Changshu, China. It is expected to be operational by first quarter of 2023. The construction is in parallel with company’s project to increase global capacity of bio-based polyamide 11 by 50% in Singapore. With investment, the company will support the growing demand of bio-based materials in Asia.

Moreover, in January 2020, BASF SE announced that the company has completed the acquisition of Solvay’s polyamide (PA 66) business. The transaction broadens BASF’s polyamide capabilities with innovative and well-known products such as Technyl. This will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility.

Polyamide found application as an engineered plastics, fibers, and adhesives. In industries like automotive and electrical & electronics it is mainly used as an engineering plastics while in textile industry, the polymer found application as a fabric. Further, polyamide is used in the manufacturing of hot melt adhesives. Therefore, being a well forward integrated material, the demand of polyamide is likely to grow with rising industrial production owing to growing population, urbanization, and improving standard of living. Further, increasing focus on the research & development of high-performance polyamides is expected to create new revenue markets for the products. For instance, in medical industry, improving standards and regulations mandating high quality of plastics used in medical applications is creating market for specialty polyamides in the medical industry. Specialty polyamides like polyphthalamide (PPA) can be used in medical equipment due to its compatibility with disinfectant, high strength and stiffness. Further, EMS-GRIVORY, a company of EMS Group, manufactured polyamides are used in a wide range of applications for therapeutic equipment and laboratory fittings, disposable and reusable instruments, containers, medical infrastructure, protective equipment and mobility aids in the field of medical technology.

Based on type, the market is categorized into PA 6, PA 66, Aramid, and Others. Among these, PA 6 and PA 66 are among the largest consumed polyamides owing to their usage in wide range of industries due to their properties and cost. Automobile, textile, and electrical & electronics are among the largest end-user of PA 6 and PA 66.

Based on application, the market is categorized into engineered plastics, fibers, and adhesives. Among these, engineered plastics held the significant share in the market owing to its vast usage in automobile, packaging, and electrical & electronics industries. The demand of polyamides has increased with the increasing focus of automobile companies on vehicle weight reduction. In engineering plastics application, polyamides are commonly used as co-polymers (for example co-polymers of 6 and 66) and compounded with other materials. These fillers include glass beads, glass fibers and carbon fibers.

Based on end-user, the market is categorized into automotive, electrical & electronics, consumer goods & appliances, packaging, textile, and others. Among these, automotive held the prominent share in the market owing vast application area of polyamide in vehicle including battery casings, brake hoses, oil sumps and fenders. This in turn reduce the vehicle weight, thus improve the fuel efficiency. Further, using polyamides in place of metals in automobiles helps in cutting down the cost, thereby companies preferred polyamides over metals.

For a better understanding of the market adoption of Polyamide, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for significant share in the market and is expected to showcase substantial growth during the forecast period owing to growing industrial production, increasing investment in setting up new facilities by western players in order to take advantage of lower labor rate and raw material. Further, growing population, increasing urbanization couple with improving per-capita income boosting the demand from end-use industry, thereby increasing the demand of polyamides.

Some of the major players operating in the market include BASF SE, AdvanSix Inc., Ube Industries Ltd., Domo Chemicals NV, Toray Industries Inc., DuPont de Nemours Inc., Royal DSM N.V., Arkema S.A., Kuraray Co. Ltd., and Lanxess AG. These players are taking various strategic decisions to support the growing demand of polyamides.

For instance: in October 2021, Arkema S.A. announced that the construction of a polyamide 11 powders plant in Changshu, China. It is expected to be operational by first quarter of 2023. The construction is in parallel with company’s project to increase global capacity of bio-based polyamide 11 by 50% in Singapore. With investment, the company will support the growing demand of bio-based materials in Asia.

Moreover, in January 2020, BASF SE announced that the company has completed the acquisition of Solvay’s polyamide (PA 66) business. The transaction broadens BASF’s polyamide capabilities with innovative and well-known products such as Technyl. This will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility.

Polyamide found application as an engineered plastics, fibers, and adhesives. In industries like automotive and electrical & electronics it is mainly used as an engineering plastics while in textile industry, the polymer found application as a fabric. Further, polyamide is used in the manufacturing of hot melt adhesives. Therefore, being a well forward integrated material, the demand of polyamide is likely to grow with rising industrial production owing to growing population, urbanization, and improving standard of living. Further, increasing focus on the research & development of high-performance polyamides is expected to create new revenue markets for the products. For instance, in medical industry, improving standards and regulations mandating high quality of plastics used in medical applications is creating market for specialty polyamides in the medical industry. Specialty polyamides like polyphthalamide (PPA) can be used in medical equipment due to its compatibility with disinfectant, high strength and stiffness. Further, EMS-GRIVORY, a company of EMS Group, manufactured polyamides are used in a wide range of applications for therapeutic equipment and laboratory fittings, disposable and reusable instruments, containers, medical infrastructure, protective equipment and mobility aids in the field of medical technology.

Based on type, the market is categorized into PA 6, PA 66, Aramid, and Others. Among these, PA 6 and PA 66 are among the largest consumed polyamides owing to their usage in wide range of industries due to their properties and cost. Automobile, textile, and electrical & electronics are among the largest end-user of PA 6 and PA 66.

Based on application, the market is categorized into engineered plastics, fibers, and adhesives. Among these, engineered plastics held the significant share in the market owing to its vast usage in automobile, packaging, and electrical & electronics industries. The demand of polyamides has increased with the increasing focus of automobile companies on vehicle weight reduction. In engineering plastics application, polyamides are commonly used as co-polymers (for example co-polymers of 6 and 66) and compounded with other materials. These fillers include glass beads, glass fibers and carbon fibers.

Based on end-user, the market is categorized into automotive, electrical & electronics, consumer goods & appliances, packaging, textile, and others. Among these, automotive held the prominent share in the market owing vast application area of polyamide in vehicle including battery casings, brake hoses, oil sumps and fenders. This in turn reduce the vehicle weight, thus improve the fuel efficiency. Further, using polyamides in place of metals in automobiles helps in cutting down the cost, thereby companies preferred polyamides over metals.

For a better understanding of the market adoption of Polyamide, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for significant share in the market and is expected to showcase substantial growth during the forecast period owing to growing industrial production, increasing investment in setting up new facilities by western players in order to take advantage of lower labor rate and raw material. Further, growing population, increasing urbanization couple with improving per-capita income boosting the demand from end-use industry, thereby increasing the demand of polyamides.

Some of the major players operating in the market include BASF SE, AdvanSix Inc., Ube Industries Ltd., Domo Chemicals NV, Toray Industries Inc., DuPont de Nemours Inc., Royal DSM N.V., Arkema S.A., Kuraray Co. Ltd., and Lanxess AG. These players are taking various strategic decisions to support the growing demand of polyamides.

For instance: in October 2021, Arkema S.A. announced that the construction of a polyamide 11 powders plant in Changshu, China. It is expected to be operational by first quarter of 2023. The construction is in parallel with company’s project to increase global capacity of bio-based polyamide 11 by 50% in Singapore. With investment, the company will support the growing demand of bio-based materials in Asia.

Moreover, in January 2020, BASF SE announced that the company has completed the acquisition of Solvay’s polyamide (PA 66) business. The transaction broadens BASF’s polyamide capabilities with innovative and well-known products such as Technyl. This will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility.