The market is primarily driven by the rising product demand from the automotive industry to manufacture interior, structural, & technical components of vehicles
BROOKLYN, NEW YORK, UNITED STATES, February 24, 2023 /
EINPresswire.com/ -- The latest report published by IMARC Group, titled “Polyamide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global polyamide market reached a value of US$ 29.92 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 43.27 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027. Polyamide, or nylon, is a high-performance polymer composed of repeated molecular chain units linked together by recurring amide groups. It can be obtained naturally from materials like wool and silk or artificially produced by processing materials, such as nylon, polyamide 6, and aramids. It is commercially available in bio and specialty polyamide variants. It offers high temperature, durability, tensile strength, abrasion, low gas permeability, and enhanced chemical and electrical resistance. As a result, polyamide finds extensive applications in manufacturing switches, plugs, sockets, pumps, home textile materials, backpacks, coatings, and paintings.
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Polyamide Market Trends:
The global polyamide market is primarily driven by the rising product demand from the automotive industry to manufacture interior, structural, and technical components of vehicles. Additionally, the increasing product applications in manufacturing lightweight automobiles due to rising environmental concerns among individuals is positively influencing the market growth. Besides this, the surging adoption of polyamide in fabricating industrial valves, electrical connectors, packaging films, and casings used in laptops, televisions, and smartphones is another major growth-inducing factor. Moreover, various product innovations, such as the introduction of specialty and castor oil-based bio-polyamide, have catalyzed market growth. Furthermore, the escalating use of carpets in residential and commercial spaces has augmented the product demand. Other factors, including emerging product applications in consumer goods and packaging, ongoing research and development (R&D) activities, rapid industrialization, and technological advancements, are also anticipated to drive the market further.
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Polyamide Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the polyamide market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Arkema S.A.
• Asahi Kasei Corporation
• BASF SE
• DuPont de Nemours Inc.
• Evonik Industries AG
• Gujarat State Fertilizers & Chemicals Limited (GSFC)
• Huntsman International LLC
• Koch Industries Inc.
• Koninklijke DSM N.V.
• Lanxess AG
• Mitsubishi Chemical Corporation
• Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
• Solvay S.A.
• Toray Industries Inc.
Key Market Segmentation:
The report has segmented the global polyamide market based on type, application, end use industry and region.
Breakup by Type:
• Aliphatic Polyamides
• Aromatic Polyamides
Breakup by Application:
• Polyamide Fibers and Films
• Engineering Plastics
Breakup by End Use Industry:
• Automotive
• Electrical and Electronics
• Textile
• Construction
• Packaging
• Consumer Goods
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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