Polyamide Market, By Type (PA 6, PA 66, Bio Polyamides, Specialty Polyamides),to reach USD 51.88 billion by 2029, registering a CAGR of 5.05 %

Polyamide is a few years older than polyester. Polyamide first produced before World War I, but it wasn't formed commercially till 1938. Polyamide is also made from water, petroleum and other chemicals. But the way in which the chemicals are combined in polyamide is different than they are with polyester due to this it gives polyamide which is slightly different properties than polyester. Polyamide is common in textiles like carpets and clothing. It also often characteristics in the production of items that require both flexibility and strength which including gears, guitar picks fishing line, electrical connectors, and strings and medical implants.

Data Bridge Market Research analyses that the polyamide market was valued at USD 34.98 billion in 2021 and is expected to reach USD 51.88 billion by 2029, registering a CAGR of 5.05 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-polyamide-market

Market Definition

Polyamide is a polymer which held together with amide bonds. Fabrics like silk, wool and nylon are all the examples of polyamides. Silk and wool are natural polyamides, while nylon is synthetic polyamide. Synthetic polyamide thermoplastics are essential in engineering because they deliver high performance at a reasonable price. Polyamide may yield a woven form when it is produced as a fabric, or it may take a harder and sturdier structure when cast as a resin. It may sometimes be weaved for a unique blend of flexibility and strength.

Opportunities

The widespread applications of the polyamide in the packaging industry overall the world will act as one of the major factors that will drive the market's growth. The increase in demand for polyamide in several sectors for example packaging, automotive, electrical and electronics, machinery, textiles, and consumer goods accelerate the market growth. The rise in the inclination towards polyamide comparison to metals in automotive air intake manifolds further influence the market. Moreover, the growth of the research and development and electrical and electronics industry positively affects the polyamide market. Moreover, development is the increasing need for lightweight raw materials in the transportation and automobile sectors to extend beneficial opportunities to the market players during forecast period.

Some of the major players operating in the polyamide market are:

BASF SE (Germany)

LEALEA ENTERPRISE CO., LTD. (Taiwan)

DSM (Netherlands)

Ascend Performance Materials (U.S.)

Invista (U.S.)

Arkema (France)

Evonik (Germany)

RTP Company (US)

KRAIBURG TPE GMBH & CO. KG (Germany)

KURARAY CO., LTD (Japan)

SABIC (South Arabia)

LG Chem, (South Korea)

Huntsman International LLC (US)

LyondellBasell Industries Holdings B.V. (US)

Exxon Mobil Corporation (US)

KRATON CORPORATION (US)

Lubrizol (US)

Celanese Corporation (US)

Asahi Kasei Corporation (Japan)

TSRC (Taiwan)

Tosoh (Taiwan)

Global Polyamide Market Scope

The polyamide market is segmented on the basis of type, class, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

PA 6

PA 66

Bio Polyamides

Specialty Polyamides

 Class

Aliphatic Polyamides

Semi-Aromatic

Aromatic Polyamides

Application

Fibers

Wire and Cables

3D Printing

Sports Equipment

Engine Components

Brakes and Transmission Parts

Household Goods and Appliances

 End User

Automotive

Electrical and Electronics

Textile

Aerospace and Defence

Packaging

Consumer Goods

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