Polyamide Market Set to Soar: Demand Surges Across Automotive, Electrical, and Industrial Sectors by 2031 | Top key players - BASF SE, AdvanSix Inc., UBE Corporation.

The Global Polyamide Market reached USD 37.4 billion in 2022 and is expected to reach USD 60.2 billion by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.

The Polyamide Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.

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The polyamide market refers to the global industry involved in the production, distribution, and application of polyamides synthetic polymers known for their strength, durability, and resistance to heat and chemicals. Commonly used in textiles, automotive, electronics, and packaging, the market encompasses various types such as nylon 6 and nylon 66, driven by growing demand for lightweight and high-performance materials.

Prominent Industry players in the Polyamide Market

The prominent players in Polyamide market research report are: BASF SE, AdvanSix Inc., UBE Corporation, Lanxess AG, Huntsman Corporation, DSM, Arkema SA, Evonik Industries AG, Honeywell International Inc. and Domo Chemicals.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

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Industry News

February 1, 2022 - BASF began marketing a range of polyamide (PA) and polyphthalamide (PPA) grades in Europe that were acquired from Solvay's PA66 business. These high-performance engineering polymers are now branded under BASF's "Ultramid", previously known as "Technyl" under Solvay.

February 17, 2022 - AdvanSix Inc. announced the acquisition of U.S. Amines Limited in an all-cash deal worth approximately $100 million. The transaction is expected to boost 2022 earnings and was subject to standard closing conditions. Legal counsel was provided by Cleary Gottlieb Steen & Hamilton LLP.

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Market Segments

By Product: PA6, PA66, PA12, Bio-based, Specialty Polyamides, Others.

By Type: Aliphatic Polyamides, Semi- Aromatic, Aromatic Polyamides.

By Application: Automotive, Industrial/Machinery, Electrical & Electronics, Consumer Goods & Appliances, Packaging/Film, Wire & Cable, Textiles, Industrial, Carpet, Staple, Others.

The Polyamide industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.

Regions Covered:

The global Polyamide Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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