H1 2023: In the first half of 2023, the Polyamide market in the Asia Pacific region witnessed fluctuating price movements. During the first half of 2023, the Asia Pacific region emerged as the predominant consumer of Polyamide 6,6. However, the Chinese market witnessed a continuous decline in Polyamide 6,6 prices, primarily influenced by the textile downstream sector's lacklustre performance. A similar market trend was evident in Europe, where polyamide 66 prices started declining in January 2023 due to a surplus of product inventory in the region. The economic downturn, coupled with high funding costs and weakened consumer spending, resulted from rising inflation and a negative impact on German exports. In April 2023, Radici Partecipazioni SpA declared a force majeure at its Italy site. The economic slowdown in Germany during April to June 2023 led to decreased demand for Polyamide 6,6, particularly in textile and automotive industries, influenced by high interest rates and challenging financial conditions. The Asian-Pacific region, on the other hand, maintained its position as the leading global user of Polyamide 6, with China experiencing a consistent decline in Polyamide 6 prices, attributed to subdued functionality of some textile firms. In the US market, Polyamide 6 prices initially displayed an upward trend in the first quarter of 2023 due to high feedstock prices and uncertain downstream demand. However, the market weakened throughout the second quarter of 2023, driven by reduced cost pressure from feedstock Benzene and Caprolactam, low demand from the textile sector, and a decline in new orders, resulting in a subdued market by June 2023.
The global Polyamide market stood at approximately 7.5 million tonnes in 2022 and is anticipated to grow at a healthy CAGR of 4.98% during the forecast period until 2032.
Polyamide, commonly known as nylon, is a versatile polymer with a wide array of applications spanning multiple industries. In the textile sector, polyamide finds extensive use in the production of fabrics, clothing, hosiery, and sportswear, owing to its exceptional durability, elasticity, and resistance to abrasion. Within the automotive industry, polyamide is a preferred material for manufacturing various components due to its high strength, impact resistance, and ability to withstand elevated temperatures. In the realm of engineering plastics, nylon 6 and nylon 66, derived from polyamide, play a pivotal role in creating durable products such as mechanical parts, electrical components, and consumer goods. Polyamide's applications extend to the packaging industry, where its robustness and barrier properties make it suitable for food packaging, ensuring prolonged shelf life and freshness. In the electronics sector, polyamide is chosen for its electrical insulating properties, making it ideal for manufacturing connectors and insulators. The medical field benefits from polyamide in the production of surgical sutures and various medical devices, leveraging its biocompatibility and strength. Additionally, polyamide is prominent in the production of sporting goods, including ropes and nets, owing to its lightweight nature and high tensile strength. In industrial applications, polyamide is utilized in conveyor belts where its resilience and durability contribute to optimal performance. On the basis of type, Polyamide market is segmented into Polyamide 6, Polyamide 6,6, and Others. Among these, Polyamide 6 holds the largest market share.
Polyamide experiences heightened demand in the automotive sector, where it is employed to create components such as air intake manifolds, valve covers, engine covers, airbag containers, as well as external elements like wheel covers, handles, grilles, and fuel caps. Polyamide proves advantageous by reducing weight, enhancing fuel efficiency, and cutting production costs for automobiles. Another significant trend in the polyamide market involves the surge in demand for bio-based polyamides, driven by increasing environmental concerns related to fossil fuel-based counterparts. The bio-based variants exhibit superior qualities, including a lower moisture absorption rate, enhanced chemical resistance, and higher impact strength, leading to their expanded applications in areas such as tires, sporting goods, cable jackets, carpets, and flexible gas and oil hoses. Furthermore, polyamides find substantial use in the textile industry, contributing to the production of fibers in various forms like carpet filament, textile filament, and industrial filament, including those for ropes. The meticulous control of polymer chemistry during the manufacturing process, especially for staple fibers and continuous filament, ensures the production of high-quality materials tailored for specific applications in the textile sector. The global Polyamide market size is anticipated to reach nearly 11.6 million tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Polyamide and is poised to assert dominance in the global Polyamide market throughout the forecast period. The Asia Pacific region is poised to dominate the global polyamide market throughout the forecast period, primarily driven by robust economic growth, industrialization, and significant investments in key sectors. As a major manufacturing hub, the region attracts substantial investments in industries like automotive, electronics, and textiles, all of which exhibit a substantial demand for polyamide. Rapid urbanization, coupled with a burgeoning population and rising disposable incomes, fuels the demand for automobiles, consumer goods, and textiles—sectors where polyamide plays a crucial role. The ongoing infrastructure development in countries such as China and India further amplify the consumption of polyamide in construction materials. Additionally, the region benefits from a favourable regulatory landscape, skilled labour availability, and proactive government initiatives, creating an environment conducive to the sustained growth of polyamide-dependent industries. Overall, the Asia Pacific region's economic dynamism and diverse industrial activities position it as a dominant force in shaping the trajectory of the global polyamide market.
Based on the end-user industry, the global Polyamide market is divided into Automotive, Electricals & Electronics, Textiles, General Industries, and Others. However Automotive Industry holds the largest segment of the global Polyamide market followed by Textiles industry.
Major players in the Global Polyamide market are Invista Company, Lanxess, Asahi Kasei, Sarla Performance Fibers Ltd. (SPFL), RadiciGroup Spa Chemicals & Plastics, Repol-Ube, Royal DSM Nv., Solvay, Ascend Performance Materials, Celanese Corporation, Fujian Shenyuan new materials co. ltd, Hangzhou Hangding Nylon, Chain Yarn, Fujian Jinjiang Technology, Changle Hengshen Synthetic, Formosa Chemicals & Fibre Corporation, Gujarat State Fertilizer & Chemicals Limited, LIBOLON, Dow Chemical, Li Peng Enterprise, Jiangsu Haiyang Chemical Fibres Co., Ltd, AdvanSix, DSM, Custom Resins, Nylon Corporation of America, Grupa Azoty, KuibyshevAzot, and others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Polyamide which covers production, demand and supply of Polyamide market in the globe.
• To analyse and forecast the market size of Polyamide
• To classify and forecast Global Polyamide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Polyamide market in the globe.
To extract data for Global Polyamide market, primary research surveys were conducted with Polyamide manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Polyamide market over the coming years.
ChemAnalyst calculated Polyamide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Polyamide. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polyamide manufacturers and other stakeholders
• Organizations, forums and alliances related to Polyamide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polyamide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Polyamide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
7.5 million tonnes
Market size Volume in 2032
11.6 million tonnes
Growth Rate
CAGR of 4.98% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Capacity by Technology, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Automotive, Electricals & Electronics, Textiles, General Industries, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Polyamide market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Polyamide.
3. Capacity By Location
To better understand the regional supply of Polyamide by analyzing its manufacturers' location-based capacity.
4. Capacity By Technology
To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.
5. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
6. Production By Company [Quarterly Update]
Study the historical annual production of Polyamide by the leading players and forecast how it will grow in the coming years.
7. Demand by Type
Learn about the various types of Polyamide: Polyamide 6, Polyamide 6,6, and Others, and their demands. It will allow you to choose which Type to concentrate on when designing your strategy.
8. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Automotive, Electricals & Electronics, Textiles, General Industries, and Others) are creating a market and the forecast for the growth of the Polyamide market.
9. Demand by Region
Analyzing the change in demand of Polyamide in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
10. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Polyamide. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
11. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Polyamide.
12. Company Share
Figure out what proportion of the market share of Polyamide is currently held by leading players across the globe.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Polyamide.
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resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Polyamide in terms of volume in 2022?
Ans:
The global market size of Polyamide had reached approximately 7.5 million tonnes in 2022.
Q2.
Which region is the major consumer of Polyamide?
Ans:
Asia Pacific region is the largest consumer of Polyamide globally and had a market share of roughly 32% in 2022.
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Ans:
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