Global Polyamide Market Trends, Applications, Analysis, Growth, and Forecast to 2028

“Global Polyamide Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global polyamide market report has been segmented on the basis of type, application, and region.

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Global Polyamide Market: Introduction                

Polyamide is polymer with various properties. Polyamide is used as a replacement of metals in automotive air intake manifolds. These polyamides naturally occur in form of wool, and silk, among others and can be manufactured artificially. Nylon, aramid and polyamide 6 are amongst artificially produced polyamides. Artificial polyamides offer properties includes good mechanical properties, resistance to wear, chemical resistance, and low permeability to gases. Bio-based polyamides are highly adopted in the market owing to their eco- friendly nature. Polyamide are used in various end user industries such as electronics, automotive machinery, textile, coatings, and packaging, among others.

Global Polyamide Market: Dynamics

Increasing adoption for polyamide as engineering plastics different end-use applications industries including automotive, and industrial/machinery, among others is a key factor estimated to drive growth of the global market. In addition, increasing demand for polyamide form electrical & electronics and packaging industries is another factor expected to fuel the global market growth in the years to come.

Moreover, rapid growth in consumer goods and appliances sectors is among another factor expected to fuel the potential market growth over the years to come. Increasing demand for these products in developing as well as developed economics is additional factor estimated to augment growth of the global market.

However, threat of economic slowdown in various developing countries and manufacturing slowdown in developed regions are major factors expected to restraint the target market growth. Cost sensitiveness of automotive industry is another factor expected to challenges growth of the global market to certain extent.

Global Polyamide Market: Segment Insights

Among the type segments, the bio-based and specialty polyamides segment is expected to witness major share in terms of revenue in the global polyamide market, owing to increasing prices of the petrochemical-based raw materials. Bio-based polyamides are high-quality substitute for petro-based materials. Bio-based and specialty polyamides are used in automotive, sports, and electronics applications. Bio-based and specialty polyamides are made from bio-based performance polymers with better properties, such as heat and water resistance, durability, and water solubility. The bio-based and specialty polyamides segment is estimated to record fastest CAGR over the next few years.

Among the application, the engineering plastics segment is expected to record highest share in term of revenue in the global polyamide market. The engineering plastics segment revenue is estimated to register fastest CAGR in the next few years. These polyamide engineering plastics are primarily used in the automotive sector to manufacturer various parts such as speedometer gears, radiator fans, oil filter housing, fuel tank, and others. Automotive is largest end-use segment for the polyamide engineering plastics, followed by the electrical and electronics end-use segment.

Global Polyamide Market: Region Insights

The Asia Pacific polyamide market is expected to record for moderate revenue share contribution in the global polyamide market, owing to presence of various automotive manufacturer industry and rapid growth in the electrical and electronics, and consumer goods and appliances industries in the countries such as India and China. The Asia Pacific market is projected to register highest revenue growth, owing to increasing demand from automotive industry and rapid development in various industrial sectors in countries in this region.

Global polyamide market segmentation:

Segmentation by Type:

• PA 6
• PA 66
• Bio-based & Specialty Polyamides

Segmentation by Application:

• Engineering Plastics
• Fiber

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa