Specialty Polyamides Market

Segmentation By Polyamide Type (Polyamide 6/10, Polyamide 6/12, Polyamide 4/6, Polyamide 10, Polyamide 11 and Polyamide 12); By End-User Industries (Transportation, Energy, Consumer Goods, Industrial Coatings, Electronics and Others) - Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 974 | Published On: Feb 08, 2023
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Market Segmentation

Our-in depth analysis of the global Specialty Polyamides market includes the following segments:

By Polyamide Type

  • Polyamide 6/10
  • Polyamide 6/12
  • Polyamide 4/6
  • Polyamide 10
  • Polyamide 11
  • Polyamide 12

By End-User Industries

  • Transportation
  • Energy
  • Consumer Goods
  • Industrial Coatings
  • Electronics
  • Others

By Region

Global Specialty Polyamides Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Specialty Polyamides Market Graph
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Market Size & Forecast

Specialty polyamides market is anticipated to record a significant CAGR of 6.8% over the forecast period. Many multi-national companies are concentrating towards new product development of specialty polyamides. Moreover, the many advantageous properties of specialty polyamides are exploited in the field of textiles and electronics. New uses for specialty polyamides derivatives are discovered at regular gap intervals which are expected to drive the specialty polyamides market rapidly.

Currently the global specialty polyamides market is observing vibrant growth on account of increasing demand of polymer foams in the market. Advances in material industry in the past few years and growing technological combination explorations are projected to drive specialty polyamides market besides the wide range of functions of specialty polyamides in an immense range of products such as powder coating, resins, alloys, hot melt adhesives, thermoplastic elastomer and more during the forecast period. On the basis of regional platform, global Specialty Polyamides market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

As a precursor to highly flexible, abrasion resistant polyamides in polymer industry, North America is panned to observe substantial specialty polyamides market growth due to rising specialty polyamides usage in automotive industry. North America is expected to be followed by Asia-Pacific in terms of consumption due to expanding specialty polyamides requirements in consumer goods and electronics industries. On the back of multiplying uses for specialty polyamides in growing end-use industries producing products such as skis and ski boots, medical wearable devices, conveyor belts and pulleys, antistatic additives, wires and cables, Asia Pacific is budding as a regional specialty polyamides consumption market.

Europe is expected to drive the demand and positively impact specialty polyamides market growth over the forecast period owing to increasing specialty polyamides application for electrical and electronic components, metal coating and in medical devices and catheters.

Specialty Polyamides Market Graph

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Growth Drivers & Challenges

The rising demand for specialty polyamides and its products for various processes in medical, electronics, consumer goods, industrial coating, automotive industries are expected to drive the market rapidly over the forecast period. The growing R&D activity associated with specialty polyamides is further expected to increase the market growth on account of discovery of new applications of specialty polyamides with technological advancements. The increased durability, quality, energy absorbing property and light-weight of specialty polyamides are estimated to drive the market with the insertion of new technological advancements in the manufacturing sector. Stringent governmental regulations to promote eco-friendly materials are predicted to help the specialty polyamides market grow further during the forecast period. Rapid industrialization leading to rising economic development with thriving manufacturing sector is expected to boost the specialty polyamides market across the developed as well as the developing regions across the globe.

However, cost constraints associated to technologically advanced materials with rigorous and time consuming process involvement to alter an entire process flow along with low adoption of specialty polyamides in major plastic consuming regions is expected to serve as a key restraint in the sturdy growth of specialty polyamides market over the forecast period.

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Top Featured Companies Dominating The Market

    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Arkema Inc.
    • Evonik Industries AG
    • Koninklijke DSM N.V.
    • Radici Group
    • N.V.E. I. du Pont de Nemours
    • Solvay S.A.
    • Teknor Apex
    • Asahi Kasei Corporation
    • Ascend Performance Materials LLC

In The News

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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