Polyamide Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Type (PA 6, PA 66, Aramid, and Others); Application (Engineered Plastics, Fibers, and Adhesives); End-User (Automotive, Electrical & Electronics, Consumer Goods & Appliances, Packaging, Textile, and Others); and Region and Country

Pages:

204

Table:

46

Figure:

121

Report ID:

UMCH21710

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Report Description
Table of content
Research Methodology

Report Description

Polyamide Market
Polyamide Market

The global polyamide market was stood at USD 30 billion and is expected to showcase growth of around 6% during the forecast period (2021-2027). Over the years, polyamides have made strong uphold in the large number of industries owing to its characteristics like good chemical and temperature resistance; provide strength, toughness, and stiffness; and resist wear and abrasion. Industries like automobile including transportation, electrical & electronics, and packaging are some of the major consumers of polyamides owing to its industry preferred properties like lower weight couple with help in reducing the cost without compromising on quality. In automobile industry, polyamide is used mainly as engineered plastics in underhood parts, intake manifold, fuel system, airbag container, and it is also used in exterior parts. The use of polyamide in automobile helps in cost cutting, weight reduction, and higher fuel efficiency. Moreover, polyamides are widely used in electrical & electronics industry owing to its excellent thermal, electrical, mechanical properties. Thus, increasing investment in electrical & electronics industry to improve the transmission & distribution of power and increasing semiconductor production boost the demand of polyamide. However, currently, most the polyamide is derived using crude-oil based raw materials owing to which price of polyamide raw materials is highly dependent on international crude-oil market, which is highly fluctuating, thus manufactures finds difficulty in maintaining profit margins.

Insights Presented in the Report

“Amongst type, PA 6 and PA 66 segment held prominent share in the market in 2020.”

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.

“Amongst application, engineered plastics segment accounted for major share in the global polyamide market

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.

“Asia Pacific captured significant position in the Polyamide market”

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.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country level analysis of the industry


Customization Options:

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Polyamide Market
2.2.Research Methodology of the Polyamide Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Polyamide Market Study
3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5GLOBAL POLYAMIDE MARKET COVID-19 IMPACT
6GLOBAL POLYAMIDE MARKET REVENUE (USD MN), 2019-2027F
7.1.PA 6
7.2.PA 66
7.3.Aramid
7.4.Others
8.1.Engineering Plastics
8.2.Fibers
8.3.Adhesives
9.1.Automotive
9.2.Electrical & Electronics
9.3.Consumer Goods & Appliances
9.4.Packaging
9.5.Textile
9.6.Others
10.1.North America Polyamide Market 
 10.1.1.United States
 10.1.2.Canada
 10.1.3.Rest of North America
10.2.Europe Polyamide Market 
 10.2.1.Germany
 10.2.2.France
 10.2.3.United Kingdom
 10.2.4.Italy
 10.2.5.Spain
 10.2.6.Rest of Europe
10.3.Asia Pacific Polyamide Market
 10.3.1.China
 10.3.2.Japan
 10.3.3.India
 10.3.4.Australia
 10.3.5.Rest of Asia Pacific
10.4.Rest of World Polyamide Market 
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12POLYAMIDE MARKET OPPORTUNITIES
13POLYAMIDE MARKET TRENDS
14LEGAL & REGULATORY FRAMEWORK
15.1.Demand Side Analysis
15.2.Supply Side Analysis 
 15.2.1.Top Product Launches
 15.2.2.Top Business Partnerships
 15.2.3.Top Business Expansions, Investments and Divestitures
 15.2.4.Top Merger and Acquisitions
16VALUE CHAIN ANALYSIS

17.1. Porters Fiver Forces Analysis
17.1.1. Bargaining Power of Buyer
17.1.2. Bargaining Power of Supplier
17.1.3. Intensity of Rivalry
17.1.4. Threats of New Entrant
17.1.5. Threat of Substitute
17.2. Company Shares, by Revenue

18.1. BASF SE
18.2. AdvanSix Inc.
18.3. Ube Industries Ltd.
18.4. Domo Chemicals NV
18.5. Toray Industries Inc.
18.6. DuPont de Nemours Inc.
18.7. Royal DSM N.V.
18.8. Arkema S.A.
18.9. Kuraray Co. Ltd.
18.10. Lanxess AG

19DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Polyamide three major steps undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Polyamide industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Polyamide through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Polyamide market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. Major segment included in the report by type, application, and end-user. Further regional and country-level analyses were conducted to evaluate the overall adoption of the Polyamide globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Polyamide. Further, we conducted factor analysis using dependent and independent variables such as growing end-use industry and increasing application of polyamides. A thorough analysis was conducted for demand and supply-side scenario considering increasing investment, top partnerships, merger and acquisition, business expansion, and product launches in the Polyamide industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Polyamide market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Polyamide across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Polyamide market. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

Polyamide Market
Polyamide Market

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Polyamide market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type, application, and end-user.

The main objective of the Polyamide market study

The current & future market trends of global Polyamide were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Polyamide in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include area of type, application, and end-user
  • Defined analysis of the regulatory framework for the Polyamide industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Polyamide for the major countries
  • Major regions/countries analyzed in the report includes North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the Polyamide market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country level analysis of the industry