The global polyamide market reached a value of US$ 29.92 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 43.27 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Polyamide, or nylon, refers to a high-performance polymer that comprises repeated units in the molecular chain linked together by recurring amide groups. It can be procured naturally from wool and silk or can be processes synthetically through nylon, polyamide 6, and aramids. Polyamide possesses a broad range of features, such as high temperature, durability, abrasion, and tensile strength, low-gas permeability, and enhanced chemical and electrical resistance. On account of these properties, it is widely used as a key component for manufacturing switches, plugs, sockets, pumps, home textile materials, backpacks, coatings, and paintings. At present, polyamide is commercially available in bio and specialty polyamide types.
Polyamide Market Trends:
The widespread adoption of polyamide over metal across the automotive sector to produce interior, structural, and technical components of vehicles can be attributed to the increasing need for lightweight, safe, durable, and economical plastics. Polyamides are extensively employed for manufacturing glass-reinforced plastic-based structural parts, air intake manifolds, airbag containers, cooling systems, and rock valve covers in automobiles, which, in turn, represents the key factor primarily driving the market growth. In line with this, the increasing awareness regarding the various beneficial properties of polyamide, including superior balance, low water absorption, and high chemical and heat abrasion, is further facilitating its incorporation in various electronic devices, such as bobbins, laptops, smartwatches, relays, and three-dimensional (3D) circuits for fabrication purposes. This is acting as another major growth-inducing factor. Additionally, the rising environmental awareness amongst consumers has prompted manufacturers to invest in research and development (R&D) activities to introduce specialty and castor oil-based bio-polyamide, which is also contributing to the market growth. Apart from this, the increasing product application in the packaging, machinery, textiles, and consumer goods industry as a shielding material in trays and conveyer systems is positively stimulating the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyamide market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Key questions answered in this report:
How has the global polyamide market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global polyamide market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global polyamide market and who are the key players?
What is the degree of competition in the industry?