The global Polyamide market is estimated to be valued over USD 25 Bn in 2018

Global Polyamide Market Size Analysis

A study by bekryl market analysts on the "Global Polyamide market report, analysis, trends and forecast, 2018-2028"

The global Polyamide market size is estimated to be valued over USD 25 billion in 2018 and will register a CAGR of 4.6% to create collective absolute revenue opportunity of USD 61 billion during the forecast period.

In the last few years, there has been an increase in demand for polyamides across end-use industry. The global polyamide market size witnessed 119% increase in its revenue between 2010 and 2015 – despite economic turmoil. Much of the demand has arisen from automotive industry followed by electronics, machinery and consumer goods. It has become the most favored material in automotive industry and is fast replacing metals as the preferred choice. Rise in demand for has led polymer companies to expand their business reach and increase manufacturing capabilities. Presence of large number of regional players shows that there is high market potential for industry leaders to capitalize the market through inorganic growth strategy.

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Global Polyamide Market Drivers and Challenges

Increase in sales of automobiles coupled with increased usage in various industries ranging from electrical and electronics to consumer goods is widely shaping the global polyamide market outlook. Sales of automobiles has increased from 75 million units in 2010 to 94 million units in 2016. Escalating demand is expected to create new industry opportunity for polyamide players. Various major automobiles giants leverages the product on large scale. For instance, Skoda leverages polyamide for its Skoda Octavia front end-carrier.

Expansion in plant capacity and mergers & acquisition are key polyamide market trends shaping the industry. Recently, in 2016, Evonik increases its PA12 production capacity. The plant which is schedule to get operational by 2017 end will increase the production capacity by 50%. The company’s product is generally used as a matrix of thermoplastic composites made of glass fiber, carbon fibers, and aramid or steel fibers.

Another major chemical company – BASF entered the business in early 2010 with an eye to capitalize the lucrative market. Rising demand for polyamide has led the company to plan to acquire Solvay – leader in polyamide industry. In September 2017, BASF announced its plan to acquire Solvay’s polyamide business at USD 2.0 billion. The deal covers Solvay’s ‘upstream’ polymer and intermediates production. Under the proposed agreement, about 2400 Solvay employees will transfer to BASF across sites in Americas, Asia and Europe. However, the parent company – Solvay is expected to retain some part of the business in Latin America. Industry dynamics is expected to be highly competitive during the next 3 to 5 years – depending upon the end-use market scenario in Asia Pacific.

Global Polyamide Market Analysis, Product Analysis

On the basis of product type, the industry is segmented into – polyamide 6, bio-based polyamide, and polyamide 6-6. Polyamide 6 films offers excellent barrier properties in food packaging that helps preserve food from contamination. Rise in processed food demand owing to emergence of retail stores and new business will ultimately create opportunity for the engaged industry players. PA6 will to dominate the global polyamide market throughout the forecast period.

Biobased polyamide market size is further segmented into polyamide 11, polyamide 12, polyamide 46, polyamide 6/10, polyamide 6/12, Polyphthalamide, and others.

Global Polyamide Market Analysis, By Application

On the basis of application, the industry is segmented into engineering plastics and fibers. Engineering plastics will dominate the industry between 2018 and 2028. As per the estimates, over 46% of total demand for PA6 and PA 66 is from engineering plastics.

Global Polyamide Market Analysis, By End-use

Automotive, electrical, machinery, consumer goods, films and coatings, packaging, sportswear and textiles are key end-use segments wherein product finds its application. Automotive and Packaging sector are expected to collectively account for over 39% market share by 2020.

Global Polyamide Market Size and Forecast: Regional Analysis

The global polyamide market size is analyzed across various regions such as North America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, Latin America and Africa. Among these, Asia Pacific polyamide market will dominate the market throughout the forecast period. The growth of the market will be subsumed from China and India – the two power hubs for automotive and consumer goods industry. As per the estimates, Asia Pacific polyamide market accounted for over 51% of global revenue in 2017. China and India polyamide market is estimated to contribute nearly 59% share of regional market in 2018. the market in China is not only the major consumer but also the leading producer. Over half of the production capacity is concentrated in China.

Europe market lost its dominance in 2015 – owing to stringent regulatory scenario and limited end-use market. However, Europe polyamide market revenue will gain market share with expected rise in demand for bio-based PA during the later half of the forecast period.

Latin America and Middle East polyamide market are estimated to account for nearly 9% of total industry revenue in 2017. The share will increase with rise in industrialization in Brazil.

Global Polyamide Market Size and Forecast: Competition Landscape

The industry is moving towards consolidation. In past few years, there has been significant influx of giant players. Some of the key industry players are Huntsman Corp., Honeywell, Koch Industries, DSM N.V., DuPont, Lanxess and Radici Group.

Industry Segmentation

By Product Type:

• Polyamide 6
• Bio-based polyamide
• Polyamide 6-6
• Polyamide 11
• Polyamide 12
• Polyamide 46
• Polyamide 6/10
• Polyamide 6/12
• Polyphthalamide

By Application:

• Engineering Plastics
• Fibers

By End-use:

• Automotive
• Electrical
• Industrial Machinery
• Consumer Goods
• Films and Coatings
• Packaging
• Sportswear
• Textiles

What Will You Discover in the Report?

• An in-depth analysis of the Polyamide market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
• How the Polyamide market sales is expected to grow throughout the forecast period.
• How geopolitical policies and technological changes will affect the Polyamide market in near future
• Where the stakeholders should invest to generate higher profit margins
• How consumers (end-users) will reflect to the Polyamide industry during the forecast period
• Who are the Polyamide industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

• Polyamide Industry Suppliers
• Polyamide Industry Manufacturers
• Consultants and Analysts
• Researchers
• Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Polyamide market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions

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