Polyamide Market worth 55m

TrendingReports 3/22/2024 2:10:33 PM

Market worth $55.7 billion by 2028

The report "Polyamide
by Type
(Polyamide 6, Polyamide 66, Bio-Based & Specialty polyamide), Application
(Engineering Plastics, Fiber), and Region (North America, Europe, Asia Pacific,
South America, Middle East & Africa) - Global Forecast to 2028",
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.


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Browse in-depth TOC on "Polyamide Market"

274 - Tables

44 - Figures

242 – Pages


Growing demand for lightweight
materials in the automotive industry to provide increased efficiency and design
flexibility has paved its way for the growth of polyamide market. Furthermore,
bio-based & specialty polyamides are gaining demand in the market owing to
their eco-friendly nature.


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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.


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.


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By region, the Middle East & Africa is estimated to
be the fastest growing segment of the global polyamide market during 2023 to

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.

The major players operating in the polyamide market
include BASF SE (Germany), Celanese Corporation (US), Arkema (US), Asahi Kasei
Corporation (Japan), Evonik Industries AG (Germany), Kuraray Co., Ltd. (Japan),
Toray Industries, Inc. (Japan), Envalior (Germany), UBE Corporation (Japan),
Formosa Chemicals & Fibre Corp. (Republic of China), SABIC (Saudi Arabia),
Advansix (US), DuPont de Nemours, Inc. (US), Huntsman International LLC (US),
EMS Grivory (Switzerland), DOMO Chemicals (Belgium), Ascend Performance
Materials (US), Mitsubishi Chemical Advanced Materials (Switzerland), Invista
(US), and RadiciGroup (Italy), and others.


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