Polyamide Precursors Market Size (2024 - 2029)

The polyamide precursors market is anticipated to experience growth over the forecast period, driven by increased utilization in textile applications and rising demand from the automobile sector. However, challenges such as the impact of COVID-19 and other factors are expected to impede the expansion of the market size.

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Market Size of Polyamide Precursors Industry

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polyamide precursors market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

polyamide precursors market size

*Disclaimer: Major Players sorted in no particular order

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Polyamide Precursors Market Analysis

The market for polyamide precursors is expected to grow at a CAGR of more than 4% globally during the forecast period.

Increasing usage in textile applications and growing demand from the automobile industry are driving the market growth.

The impact of COVID-19 and other reasons are expected to hinder the market growth.

Polyamide Precursors Industry Segmentation

The Polyamide Precursors Market report include:

Type
Adipic Acid (ADA)
Caprolactam (CPL)
Hexamethylenediamine (HMDA)
Other Types
End-user Industry
Automotive
Electrical and Electronics
Textile
Packaging
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Polyamide Precursors Market Size Summary

The polyamide precursors market is poised for significant growth, driven by increasing applications in textiles and rising demand from the automotive industry. Key components such as Adipic Acid, Caprolactam, and Hexamethylenediamine are integral to the production of nylon derivatives like nylon 6 and nylon 66, which are widely used across various sectors. The automotive industry, in particular, is focusing on reducing vehicle weight to enhance fuel efficiency and minimize emissions, thereby boosting the demand for lightweight composite nylon resins. Additionally, nylon 6 fibers, known for their durability and resistance to abrasion and chemicals, find extensive use in sportswear, swimwear, and fashion wear, especially when combined with spandex fibers. However, the market faces challenges due to the impact of COVID-19, which has led to a temporary decline in demand from the automotive and other end-user industries.

The Asia-Pacific region is expected to lead the global market, supported by its advanced automobile sector and ongoing investments in the textile and electronics industries. The electronics sector, a significant consumer of polyamide precursors, is anticipated to drive market growth, with Adipic Acid being used in products like smartphones and OLED TVs. The region's technical fibers segment is also experiencing rapid growth, fueled by demand in the sports and medical sectors. Despite a slight decline in carpet export growth from China affecting caprolactam demand, the overall expansion in the electrical, electronics, and textile sectors in Asia-Pacific is expected to sustain the market's upward trajectory. The global market remains fragmented, with major players such as BASF SE, Asahi Kasei Corporation, and Lanxess AG competing for market share.

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Polyamide Precursors Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Usage in Textile Applications

      2. 1.1.2 Growing Demand from the Automobile Industry

    2. 1.2 Restraints

      1. 1.2.1 High Cost and Impact of COVID-19

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Adipic Acid (ADA)

      2. 2.1.2 Caprolactam (CPL)

      3. 2.1.3 Hexamethylenediamine (HMDA)

      4. 2.1.4 Other Types

    2. 2.2 End-user Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Electrical and Electronics

      3. 2.2.3 Textile

      4. 2.2.4 Packaging

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Polyamide Precursors Market Size FAQs

The Polyamide Precursors Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Asahi Kasei Corporation , BASF SE, Lanxess AG, Toray Industries, Inc and Evonik Industries AG are the major companies operating in the Polyamide Precursors Market.

Polyamide Precursors Report Snapshots

Polyamide Precursors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)