High Performance Polyamides Market worth $4.0 billion by 2026 | Key players Royal DSM NV, SABIC, BASF SE, EvonikIndustry, Arkema SA

According to recent market research "High Performance Polyamides Market by Polyamide Type (PA 11, PA 12, PA 46, PA 9T), Manufacturing Process (Injection & Blow Molding),End-use Industry (Automotive, Electrical & Electronics, Industrial, Medical), and Region - Global Forecast to 2026", The global HPPAs market size is expected to grow from USD 2.8 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 7.4% during the forecast period. HPPAs is extensively being used in the automotive, electrical & electronics industrial, medical and other end-use industries. The increasing demand of recyclable products and impressive properties is boosting the demand for HPPAs in multiple end-use industries.

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The PA 11 HPPAs find wide uses in various end-use industries. Some of the major industries includes the automotive, electrical & electronics, industrial, medical, and others. The increasing demand from these industries is expected to drive the PA 11 HPPAs market during the forecasted period.
The COVID-19 pandemic resulted in a decline in industrial activities in the first half of 2020 across the globe. It resulted in reduced demand for HPPAs from various end-use industries.

Injection molding manufacturing process type is the most widely used manufacturing process of HPPAs market. HPPAs are injection molded to form components that are strong, have high mechanical properties, and show good chemical and thermal resistance. Bushings, gears, and bearings are some common automotive parts that are produced using injection molding. It is the most commonly used process and is suitable for mass production.

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The global HPPAs market size was USD 2.8 billion in 2021 and is expected to reach USD 4.0 billion by 2026, projecting a CAGR of 7.4% between 2021 and 2026. HPPAs are increasingly used in the automotive, electrical & electronics, industrial, medical, and other end-use industries. The increasing demand of recyclable materials drives the demand for HPPAs. However, the outbreak of COVID-19 has created ripples across various application industries leading to reduced demand for HPPAs. Due to the lockdown scenario in Europe and North America, the demand for HPPAs from automotive, electrical & electronics, industrial, medical, and other industries have declined in the first half of 2020.

The global HPPAs market is projected to register a significant growth in terms of value, during the forecast period. The high growth of HPPAs can be attributed to the growing end-use industries globally due to the rising population, rapid urbanization, and high economic growth in some regions. Emerging markets like China, UAE, and India are showing remarkable growth due to the aforementioned factors. Also, HPPAs are much better alternative when compared to its traditional substitute. Most of the non-recyclable plastic generated either ends up in landfills or sea. This has caused major policy changes in the European and American regions putting bans and sanctions on non-recyclable polymers.

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E.I. DuPont de Nemours and Company is one of the leading manufacturers of a wide variety of polyamides. The company’s major polyamide products include PA6, PA66, and its combinations. These products are mainly used for food contact applications and blow molding and for high stiffness and impact applications. Currently, the company manufactures and supplies 141 combinations of polyamides based on PA6 and PA66, along with different levels of reinforcements. The company’s huge product portfolio makes it one of the leading companies in the HPPAs market. It is among the oldest players in the market, with over 200 years of experience.

EvonikIndustries AG is among the leading manufacturers of specialty chemicals in the world. The company manufactures and supplies polyamides under the Vestamid brand. Its polyamides have applications in automobile tubing electric vehicles and fast curing. EvonikIndustries AG offers products through four product segments: specialty additives, nutrition & care, smart materials, and performance materials. The company has a wide distribution network across Europe, North America, APAC, Central & South America, and MEA.

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