Global Polyamide Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Polyamide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Polyamide market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global polyamide market size reached US$ 31.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
Polyamide, also known as nylon, is a versatile synthetic polymer that is characterized by its durability, strength, resilience, and resistance to wear and tear. It can be obtained naturally from wool and silk or can be processed synthetically. It has high melting points, improved chemical resistance, and the ability to withstand mechanical stress. It is a lightweight material, which makes it a preferred choice for applications where reducing weight is critical. As a result, polyamide is widely utilized in the textiles, construction, automotive, medical, electronics, and aerospace industries across the globe.
Global Polyamide Market Trends and Drivers:
At present, the rising utilization of polyamide in the textiles sector for manufacturing various clothing items, such as stockings, sportswear, and outdoor gear, represents one of the primary factors strengthening the market growth. Apart from this, the increasing adoption of electric vehicles (EVs) among the masses around the world is bolstering the growth of the market. Moreover, the rising employment of polyamide in electrical connectors and insulating materials in the electronics sector is providing a lucrative growth opportunity to industry players. In line with this, the increasing demand for polyamide in the medical industry due to its biocompatibility and sterilization resistance is supporting the growth of the market. Besides this, the introduction of bio-based polyamides that benefit in reducing environmental pollution is contributing to the growth of the market.
Global Polyamide Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Arkema S.A., Asahi Kasei Corporation, BASF SE, DuPont de Nemours Inc., Evonik Industries AG, Gujarat State Fertilizers & Chemicals Limited (GSFC), Huntsman International LLC, Koch Industries Inc., Koninklijke DSM N.V., Lanxess AG, Mitsubishi Chemical Corporation, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Solvay S.A. and Toray Industries Inc.
The report segmented the market on the basis of region, type, application and end use industry.
Breakup by Type:
- Aliphatic Polyamides
- Aromatic Polyamides
Breakup by Application:
- Polyamide Fibers and Films
- Engineering Plastics
Breakup by End Use Industry:
- Automotive
- Electrical and Electronics
- Textile
- Construction
- Packaging
- Consumer Goods
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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