Specialty Polyamides Market Size Worth 4.37 USD billion, Trends, Growth Strategies, Vital Challenges, Key Players and Forecast Analysis by 2029

Specialty Polyamides Market Overview:

Specialty polyamide is a division of polyamides that comprises different polyamides that hold superior properties such as recyclability, light weight, performance, and application over general polyamides. Specialty polyamide is used as a substitute for synthetic polyamide. It is preferred, as it is lightweight and provides high performance, flexibility, toughness, and abrasion resistance. Consumption of specialty polyamides has significantly increased over the last few years in automotive and electrical industries.

The global Specialty Polyamides market Size is likely to grow 4.37 USD billion by 2029, from 2.60 billion in 2020, at a CAGR of 6.1% during 2022-2029.

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The growing concerns regarding automobile fuel efficiency and high demand for green solutions are also anticipated to fuel the demand for specialty polyamides market. Specialty polyamides such as aramid and nylon such as polycaprolactam and polyphthalamides are produced from sebacic acid which gives the polyamide excellent lubricity, high thermal stability and high flash points and other properties. The increasing demand from various end-use industries like automotive, consumer goods, energy and other industries is driving the demand for specialty polyamides market.

Specialty Polyamides Market Key Players

The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Arkema SA, Basf Se, Dowdupont, E. I. Du Pont De Nemours And Company, Evoniik Industries Ag, Invista, Koninklijke Dsm N.V and Others

Recent Development

In November 2021, Arkema, a specialty chemicals company based in France, announced the construction of its new polyamide 11 powders plant in China. The construction of the plant is expected to be complete in the first quarter of 2023. The company aims to meet the high demand for advanced bio-circular materials with the new plant in Asia.
In June 2021, Solvay, a multinational chemical company headquartered in Belgium, introduced its first partially bio-based polyamide textile yarn named Bio Amni. It is manufactured at the company's textile industrial unit situated in Brazil.
On May 18, 2020, Huntsman Corporation acquired CVC Thermoset Specialities for US $ 300 million. Under this acquisition Huntsman Corporation acquires the whole business of CVC Thermoset Specialities including composites, thermosets, adhesives and others. This acquisition helped Huntsman Corporation in growing its Advanced Materials Portfolio.
On February 4, 2020, BASF acquired Solvay's Polyamide business for US $ 1.436 billion. This acquisition will help BASF to broaden its engineered plastics solutions to a wider portfolio. The acquisition also broadened BASF's polyamide capabilities with innovative and well-known products such as Technyl. This facilitated BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility.

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Specialty Polyamides Market Segmentation:

Specialty Polyamides Market by Type, 2020-2029, (USD Million) (Kilo Tons)

Polyamide 6/10
Polyamide 6/12
Polyamide 4/6
Polyamide 10
Polyamide 11
Polyamide 12

Specialty Polyamides Market by Product, 2020-2029, (USD Million) (Kilo Tons)

Long Chain
High Temperature
Mxd6/Para

Specialty Polyamides Market by Application, 2020-2029, (USD Million) (Kilo Tons)

Automation & Transportation
Electrical & Electronics
Consumer Goods & Retail
Energy
Industrial Coatings
Others

Growth Factors:

Increasing demand from the Specialty Polyamides industries
The growing use of Specialty Polyamides in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Specialty Polyamides Market

Specialty Polyamides Market Regional Analysis

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Specialty Polyamides Market Trends

- The report identifies, determines, and forecasts the Global Specialty Polyamides Market segments based on their type, sub-type, technology used, applications, end-users, and regions.

- Industry to Industry Holds Largest Share in the Specialty Polyamides Market

- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.

- Demand from Regional / geographical is expected to drive the Growth

- Rising Adoption of Market Segments in the Specialty Polyamides Growth

- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Specialty Polyamides Market.

Frequently Asked Questions (FAQ):

What are the different applications of specialty polyamide?
What are the key factors driving the specialty polyamide market growth?
Who are the key competitors in the specialty polyamide market?
What are the different strategies adopted by industry players to maintain dominance in the specialty polyamide market?
Which end use industry will dominate the specialty polyamide market?

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