Polyamides Market Size

The polyamides market is projected to experience significant growth, driven by its application in high-performance sectors such as aerospace, electronics, automotive, and telecommunications. The automotive industry currently holds the largest market share, with increased vehicle production boosting polyamide consumption. The aerospace sector is anticipated to be the fastest-growing end-user, influenced by advancements in materials and manufacturing technologies. Asia-Pacific leads in market consumption, with China and Japan at the forefront, while Europe follows closely. Africa is expected to emerge as a rapidly growing region due to its expanding automotive sector and adoption of sustainable materials.

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Market Size of polyamides Industry

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Polyamides Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 18.59 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 25.18 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Automotive
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 6.25 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players

Polyamides Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Polyamides Market Analysis

The Polyamides Market size is estimated at 18.59 billion USD in 2024, and is expected to reach 25.18 billion USD by 2029, growing at a CAGR of 6.25% during the forecast period (2024-2029).

18.59 Billion

Market Size in 2024 (USD)

25.18 Billion

Market Size in 2029 (USD)

4.05 %

CAGR (2017-2023)

6.25 %

CAGR (2024-2029)

Largest Market by End-user Industry

28.93 %

value share, Automotive, 2023

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Due to its temperature and chemical resistance, PA is used in a wide range of automotive applications, including intake manifolds, fuel lines, and underhood parts.

Fastest Growing Market by End-user Industry

7.71 %

Projected CAGR, Packaging, 2024-2029

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With the grwoing developments of packaging techniques using polyamides, the packaging industry is likely to witness the fastest growth.

Largest Market by Sub Resin Type

50.64 %

value share, Polyamide (PA) 6, 2023

Owing to its applications and highest shares in various industries, including automotive, electrical and electronics, aerospace, and construction, PA 6 resin occupied the largest share.

Largest Market by Region

49.31 %

value share, Asia-Pacific, 2023

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Owing to huge markets such as China, India, Japan, and South Korea, Asia-Pacific held around 72.45% of the automotive production and dominated the market.

Leading Market Player

10.48 %

market share, BASF SE, 2022

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With the largest production capacity of around 925 kilotons per year of PA resin in 2022, the company held the largest share. BASF offers various polyamides, including PA6, PA66, PPA, and other products.

The automotive industry to lead the polyamide market

  • Polyamides are high-performance plastics that can withstand high temperatures and corrosive environments. Due to their non-adhesive and low friction properties, they are suitable for applications in various end-user industries, like aerospace, electronics, automotive, and telecommunications.
  • The automotive industry occupied the largest market share by volume in 2022. The automotive market for polyamides experienced a growth of 11.73% in terms of value compared to the previous year. This can be attributed to an increase in vehicle production which subsequently increased the consumption of polyamides. For instance, vehicle production reached 143 million units in 2022 compared to 136 million units in the previous year.
  • The electrical and electronics industry occupied the second-largest market share by volume in 2022. A significant shift of consumers toward consumer electronics as companies began adopting work-from-home models and people began setting up home offices caused a surge in demand for consumer electronics. Thereby raising the demand for polyamides globally.
  • The aerospace sector is the fastest growing end-user for polyamides and is expected to register a CAGR of 7.96% in terms of value during the forecast period (2023-2029). Trends like using advanced materials with light weight and high strength properties, miniaturization, and disruptive technologies will enable smart manufacturing practices in aerospace sector to increase the consumption of polyamides in the future. With the new research and developments in the design of next generation PA compounds and their engineered composites the consumption in aerospace is expected to rise significantly.
Global Polyamides Market

Asia-Pacific to dominate the market demand

  • The global polyamide market accounted for 8.18% of the overall engineering plastics market share in terms of consumption in 2022. Asia-Pacific and Europe are among the major consumers of polyamides globally.
  • Asia-Pacific is the largest consumer of polyamide resin and is expected to register a CAGR of 6.80% in terms of value during the forecast period, making it the fastest-growing sector as well. Countries like China and Japan are at the forefront of the utilization of polyamides occupying 60.63% and 10.52%, respectively, of the total polyamide market share in terms of revenue. This can be attributed to China's automotive industry, which is the only region experiencing a surge in demand for vehicles primarily due to the government reducing taxes on vehicle purchases amid a global semiconductor shortage. For instance, vehicle production in China was 46 million units in 2022 compared to 44 million units in the previous year. China is also among the fastest-growing country in polyamide consumption and is likely to experience a CAGR of 7.13% in terms of value from 2023 to 2029.
  • Europe was the second-largest consumer of polyamides across the world in 2022. The region is expected to register a CAGR of 5.52% in terms of value during the forecast period. Europe's polyamide consumption in the electronics industry accounts for 28.78% of the overall polyamide revenue generated in the region.
  • Africa is likely to register as the fastest-growing region for polyamide consumption owing to its growing automotive production along with the rapid adoption of sustainable and durable building materials during the projected time period. The region is anticipated to grow at a rate of 7.17% during 2023-2029 in terms of value.

Polyamides Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Aramid, Polyamide (PA) 6, Polyamide (PA) 66, Polyphthalamide are covered as segments by Sub Resin Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Polyamides are high-performance plastics that can withstand high temperatures and corrosive environments. Due to their non-adhesive and low friction properties, they are suitable for applications in various end-user industries, like aerospace, electronics, automotive, and telecommunications.
  • The automotive industry occupied the largest market share by volume in 2022. The automotive market for polyamides experienced a growth of 11.73% in terms of value compared to the previous year. This can be attributed to an increase in vehicle production which subsequently increased the consumption of polyamides. For instance, vehicle production reached 143 million units in 2022 compared to 136 million units in the previous year.
  • The electrical and electronics industry occupied the second-largest market share by volume in 2022. A significant shift of consumers toward consumer electronics as companies began adopting work-from-home models and people began setting up home offices caused a surge in demand for consumer electronics. Thereby raising the demand for polyamides globally.
  • The aerospace sector is the fastest growing end-user for polyamides and is expected to register a CAGR of 7.96% in terms of value during the forecast period (2023-2029). Trends like using advanced materials with light weight and high strength properties, miniaturization, and disruptive technologies will enable smart manufacturing practices in aerospace sector to increase the consumption of polyamides in the future. With the new research and developments in the design of next generation PA compounds and their engineered composites the consumption in aerospace is expected to rise significantly.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Sub Resin Type
Aramid
Polyamide (PA) 6
Polyamide (PA) 66
Polyphthalamide
Region
Africa
By Country
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
Middle East
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Polyamides Market Size Summary

The polyamides market is poised for significant growth, driven by their high-performance characteristics that make them suitable for demanding applications across various industries such as aerospace, electronics, automotive, and telecommunications. The automotive sector currently holds the largest market share, with increased vehicle production fueling the demand for polyamides. The electronics industry follows closely, with a surge in consumer electronics demand due to shifts in work-from-home trends. The aerospace sector is emerging as the fastest-growing end-user, with advancements in materials and technologies boosting polyamide consumption. The global polyamide market is a substantial segment of the engineering plastics market, with Asia-Pacific and Europe being major consumers.

Asia-Pacific, led by countries like China and Japan, is the largest and fastest-growing market for polyamides, driven by the automotive industry's expansion and technological advancements. Europe ranks as the second-largest consumer, with significant consumption in the electronics sector. Africa is also expected to experience rapid growth due to increasing automotive production and the adoption of sustainable materials. The market is moderately consolidated, with key players like Ascend Performance Materials and BASF SE leading the industry. Recent strategic moves, such as acquisitions and the introduction of sustainable products, highlight the ongoing efforts to meet the rising demand and enhance product offerings in the polyamides market.

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Polyamides Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Sub Resin Type

      1. 1.2.1 Aramid

      2. 1.2.2 Polyamide (PA) 6

      3. 1.2.3 Polyamide (PA) 66

      4. 1.2.4 Polyphthalamide

    3. 1.3 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Country

          1. 1.3.1.1.1 Nigeria

          2. 1.3.1.1.2 South Africa

          3. 1.3.1.1.3 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Country

          1. 1.3.2.1.1 Australia

          2. 1.3.2.1.2 China

          3. 1.3.2.1.3 India

          4. 1.3.2.1.4 Japan

          5. 1.3.2.1.5 Malaysia

          6. 1.3.2.1.6 South Korea

          7. 1.3.2.1.7 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Country

          1. 1.3.3.1.1 France

          2. 1.3.3.1.2 Germany

          3. 1.3.3.1.3 Italy

          4. 1.3.3.1.4 Russia

          5. 1.3.3.1.5 United Kingdom

          6. 1.3.3.1.6 Rest of Europe

      4. 1.3.4 Middle East

        1. 1.3.4.1 By Country

          1. 1.3.4.1.1 Saudi Arabia

          2. 1.3.4.1.2 United Arab Emirates

          3. 1.3.4.1.3 Rest of Middle East

      5. 1.3.5 North America

        1. 1.3.5.1 By Country

          1. 1.3.5.1.1 Canada

          2. 1.3.5.1.2 Mexico

          3. 1.3.5.1.3 United States

      6. 1.3.6 South America

        1. 1.3.6.1 By Country

          1. 1.3.6.1.1 Argentina

          2. 1.3.6.1.2 Brazil

          3. 1.3.6.1.3 Rest of South America

Polyamides Market Size FAQs

The Global Polyamides Market size is expected to reach USD 18.59 billion in 2024 and grow at a CAGR of 6.25% to reach USD 25.18 billion by 2029.

In 2024, the Global Polyamides Market size is expected to reach USD 18.59 billion.

Polyamides Market Report Snapshots

Polyamides Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029