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Discover the global polyamide market that will grow with highest CAGR of 4.3% by 2024

Discover the global polyamide market that will grow with highest CAGR of 4.3% by 2024

Global Polyamide Market Analysis, By Product Type (Polyamide 6,6, Polyamide 6, Polyamide 66/6, Kevlar, Others); By Application (Moisture Absorbent, Chemical Resistant, Temperature Resistant, Aesthetic, Colorable), End-user and Geography – Industry Trends and Forecast to 2024

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The Global Polyamide Market Size accounted for USD 25.64 billion in 2016 and is projected to grow at a CAGR of 4.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The Polyamide Market report consists of below pages:

  • No of pages: 350
  • No of Figures: 60
  • No of Tables: 220

Global Polyamide Market Analysis, By Product Type (Polyamide 6,6, Polyamide 6, Polyamide 66/6, Kevlar, Others); By Application (Moisture Absorbent, Chemical Resistant, Temperature Resistant, Aesthetic, Colorable), By End-user (Automotive, Aerospace & Defense, Electrical & Electronics, Packaging & Storage, Extrusion, Textile, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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Market Definition

Polyamide (PA), commonly called Nylon, is a semi-crystalline polymer derived from cyclohexane. It has an amide group (CONH). PAs have exceptional toughness along with good wear and sliding abilities.

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They can either be aliphatic or aromatic in nature. The latest trend in this market is high demand automotive industries and for development of advance weapons in defense sector.

There is growing demand of polyamide for applications such as moisture absorbent, chemical resistant, temperature resistant, aesthetic, colorable are the driving for the polyamide market in the forecasted years.

Major Market Drivers:

  • Increase demand inautomotive industry
  • Dynamic economic development in Asia-Pacific
  • Advanced weapons in defense sector

Market Restraint:

  • Stringent government regulations
  • Competition from alternatives like elastomer based

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Market Segmentation: Global Polyamide Market

  • The polyamide market trends is segmented on the basis of product type into polyamide 6,6, polyamide 6, polyamide 66/6, Kevlar and others.
  • On the basis of application, the market is segmented moisture absorbent, chemical resistant, temperature resistant, aesthetic, and colorable.
  • On the basis of end-user, the market is segmented automotive, aerospace & defense, electrical & electronics, packaging & storage, extrusion, textile, others.
  • On the basis of geography, the polyamide market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.

Competitive Landscape

The global polyamide market growth is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Major Market Competitors

Some of the major players in polyamide market report include BASF SE, Honeywell International, Inc., Asahi Kasei Corporation, Evonik Industries AG, E.I. Dupont De Nemours & Company, Formosa Plastics Corp., Huntsman Corporation, Arkema SA H, Royal DSM N.V., Ube Industries Limited, Invista S.A.R.L.,Lanxess AG, Quadrant AG, Solvay SA, Saudi Basic Industries Corp. (Sabic Innovative Plastics Holdings Bv), EMS Grivory, Kuraray, Toray, Domo Chemicals, GrupaAzoty, Radici Group, Ascend Performance Materials LLC, Li Peng Enterprise Co., Ltd., Grodno Khimvolonko, Zotefoams, Toyobo Co., Ltd., China Shenma Groupand many more.

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