Polyamide Market: Intense Competition but High Growth & Extreme Valuation

According to a report by Allied Market Research, the global polyamide market was valued at $25.4 billion in 2019 and is projected to reach $40.6 billion by 2028, growing at a CAGR of 5.4% from 2021 to 2028.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/11837

Key Growth Drivers

- Rise in Demand for PA-6: The electrical and electronics sector is experiencing a surge in demand for PA-6.
- Electric Vehicles: Increasing adoption of electric vehicles is boosting the polyamide market.

Market Challenges

- Fluctuating Crude Prices: Volatile crude oil prices can hinder market growth.

Opportunities

- Government Policies: Favorable policies encouraging electric vehicles present lucrative opportunities for market players.

Market Segmentation

Type

- Aliphatic Polyamides: Dominated the market in 2019 with nearly 90% share.
- Aromatic Polyamides: Expected to register the highest CAGR of 6.5% during the forecast period.

Application

- Polyamide Fibers & Films: Held nearly three-fifths of the market in 2019.
- Engineering Plastics: Anticipated to grow at a CAGR of 5.9% during the forecast period.
- End-Use Industry: Varied applications across different industries.

Region

- Asia-Pacific: Largest market share in 2019 (around one-third). Expected to manifest the highest CAGR of 6.8%.

Key Market Players

- Arkema SA
- Ascend Performance Materials LLC
- Evonik Industries AG
- BASF SE
- Koch Industries
- Gujarat State Fertilizers & Chemicals Limited (GSFC)
- Mitsubishi Chemical Holdings
- Lanxess
- Radici Group

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/polyamide-market-A11472

Contact:

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.