Press release
Growing Industry of Polyamide Market Top Key Company's Global Emerging Trends, Competitive Landscape 2024 with Top competitors like BASF SE, Honeywell International, Inc., Asahi Kasei Corporation,Evonik Industries and others
Global Polyamide Market
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. 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.
Market Analysis
The Global Polyamide Market 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.
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Market Segmentation of Global Polyamide Market
The polyamide market 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
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.
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Major Market Drivers & Restraint
• Increase demand inautomotive industry
• Dynamic economic development in Asia-Pacific
• Advanced weapons in defense sector
• Stringent government regulations
• Competition from alternatives like elastomer based
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Frequently Asked Questions?
• What will the market size be in 2024?
• What are the key factors driving the global market?
• What are the challenges to market growth?
• Who are the key players in the market?
• What are the market opportunities and threats faced by the key players?
• What will be the growth rate in 2024?
• Which strategies are used by top players in the Global Polyamide Market?
Global Major Market Competitors of Polyamide Market
Some of the major players in this market
• 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
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Competitive Landscape
The global polyamide market 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.
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