USD 2.8 billion
Global High Performance Polyamide Market Size, Share, Growth Analysis, By Type(PA 11, PA 12), By End user(Automotive, Electrical & Electronics), By Manufacturing process(Injection molding, blow molding), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2355 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
120 |
Figures:
77
Global High Performance Polyamide Market Insights
High Performance Polyamide Market size was valued at USD 2.8 billion in 2019 and is poised to grow from USD 2.96 billion in 2023 to USD 5.2 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).
High-performance polyamides are also known as high-performance nylon or polyamide (PA) resins that are a class of thermoplastic polymers that provide mechanical, thermal, chemical, and electrical properties. These materials are extensively used in several industries and high-end applications where high performance, resistance to extreme conditions, and durability is required. Some of the major advantages in using HPAs include heat resistance, chemical resistance, dimensional stability, wear, and abrasion resistance. Rising polyamide consumption in the manufacturing of pipes, insulation materials, industrial brushes, and other products such as building and construction, automotive, and electrical and electronics are expected to fuel the market. Additionally, the growing construction industry in North America and Asia Pacific regional markets, such as Brazil, China, India, the U.S., and Mexico is expected to drive the market growth.
US High Performance Polyamide Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Automotive
Fastest Growth
Automotive
Growth Rate
7.4% CAGR
Global High Performance Polyamide Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global High Performance Polyamide Market By End user ($ Bn)
Global High Performance Polyamide Market By End user (%)
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Global High Performance Polyamide Market Segmental Analysis
High Performance Polyamide Market is segmented on the basis of type, manufacturing process, end users, and region. According to polyamide type, the market is segmented into PA 11, PA 12, PA 46, PA 9T. On the basis of the manufacturing process, the market is bifurcated into injection molding and blow molding processes. According to end users, the market is categorized into automotive, electrical & electronics, industrial, and medical. Based on the region High Performance Polyamide Market is segmented as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
High Performance Polyamide Market Analysis by type
Polyamide 12 (PA 12) segment held the highest market share in 2022. This is possible due to its benefits such as exceptional mechanical qualities, including tensile strength, rigidity, toughness, and surface hardness. Polyamide 12 (PA 12) is generally used for manufacturing trailer brake hoses, fuel lines, football shoe soles, water pipes, air and spray-painting hoses, and other items. Additionally, the material's capacity to act as a moisture barrier is driving the market demand over the projection period.
The PA 9T (Polyamide 9T) segment is expected to register a high CAGR during the forecast period due to its excellent durability and strength, polyester is in higher demand, which is leading to the rising manufacturing of textiles, carpets, kitchenware, sportswear, and several other products. These commodities are employed in a variety of sectors, including consumer goods, automotive, building and construction, and many more.
High Performance Polyamide Market Analysis by end user
The automotive sector accounted for the highest market share in 2022. Growing popularity of electric vehicles and rising awareness of lightweight and efficient automobiles is responsible for segment’s growth. The segment's growth is anticipated to be driven by an increase in the use of high-performance polyamide in automotive components to create robust components during the forecast period.
The medical end user is expected to register a high growth rate during the forecast period. High performance polyamides have exceptional chemical, electrical, and thermal resistance as well as low moisture captivation properties, making them highly effective in a range of medical applications, including dental, surgical, and diagnostic equipment. Due to their improved optical clarity, biocompatibility, and affordability, high-performance polyamides are rapidly being used in the production of medical equipment. A number of polyamides, including polyamide 11 and polyamide 6T, are combined together to attain desired qualities for application in medical devices.
Global High Performance Polyamide Market By End user, 2023 (%)
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Global High Performance Polyamide Market Regional Insights
Globally, Asia Pacific held the highest share in the global market in the past few years. The major contributor for high performance polyamides market in this region are automobile as well as electrical & electronic industry. Medical & healthcare and construction also contribute significantly to the market in this region. Due to the rising demand for non-residential construction projects including hospitals, schools, and universities over the projected period, the construction sector is anticipated to increase significantly. This will increase demand for high-performance polyamides products, which will spur market growth. Examples of these products include cable glands, window systems, pipeline liners, strip terminal blocks, and corrugated pipes.
North America is projected to occupy second largest share in the global high performance polyamides market during the forecast period. This can be attributed to the expansion of the main end-use sectors due to the popularity of electric vehicles, including electrical and electronics, consumer products, and automotive. It is projected that rising consumer electronics demand and the expansion of the construction sector in the United States, Mexico, and Canada will accelerate market growth in the coming years in this region.
Global High Performance Polyamide Market By Region, 2024-2031
- Largest
- Fastest
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Global High Performance Polyamide Market Dynamics
High Performance Polyamide Market Driver
Spiralling Demand from Automotive Industry will Bolster Demand for High Performance Polyamide in Global Market
- The continuous expansion of the automotive industry, the rising demand for consumer products in emerging nations, and the expansion of the electronics and electrical sector are expected to drive market growth during the forecast period.
- Overall increase in the electronics industry segment and the rising demand for various consumer electronics, including smartphones, contemporary smartwatches, tablets, and new laptops are anticipated to drive the global high performance polyamides market.
- Additionally, the market for high-performance polyamides is being supported by the rising popularity of biopolyamides to offer producers attractive opportunities.
High Performance Polyamide Market Restraint
Stringent Regulations to Hinder Market Growth during Forecast Period
- Growing environmental regulations prohibit the widespread use of synthetic polyamides due to their detrimental effects on human health. This factor will negatively impact the market growth in the years to come.
- High-performance polyamides are expensive which will hinder their growth in the global market. The presence of various alternatives will also be an obstacle to market growth.
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Global High Performance Polyamide Market Competitive Landscape
Global high performance polyamides market is fragmented due to the presence of many players in the market which result in high competition in the market landscape.
Major players use product quality offered and technology employed to produce high-performance poly amides as the basis for competition. They use various strategies such as mergers and acquisitions, collaboration and strategic partnership, and new product development and launches to fortify their consumer base and plan for market expansion and growth.
High Performance Polyamide Market Top player's company profiles
- Arkema SA
-
BASF SE
- Solvay
- Evonik Industries AG
- DSM NV
- Dupont de Nemours, Inc.
- Radici Group
- Toyobo Co. Ltd.
- EMS-Chemie Holding AG
- UBE Industries Ltd.
- Toray Industries Inc.
- Ascend Performance Materials LLC
- Kuraray Co. Ltd.
- SABIC
- Mitsubishi Chemical Corporation
- LANXESS AG
- RTP Company
- Quadrant AG
- Ensinger GmbH
- Invista
High Performance Polyamide Market Recent Developments
- In July 2022, BASF a U.S based firm launched Ultramid A3EM8 OP, a polyamide grade optimized for painting. It provides a Class A surface finish and high bonding strength and does not require a primer to enhance bonding with paint.
- In January 2022, the major player Arkema SA increased its global manufacturing capacity by 25% in response to the rising demand for thermoplastic elastomers. According to the company, if the conditions for an extraordinary return on energy, low weight, and flexibility are met, the increased capacity can be finished by 2023.
Global High Performance Polyamide Key Market Trends
- Sustainable Choices will Shape the Future of Global High Performance Polyamide Market: Material suppliers have accelerated the development of resins and additives for improved sustainability in automobiles, particularly electric vehicles (EVs), as well as in electronics, packaging, and medical equipment. New engineering and commodity thermoplastics as well as new additives that are sustainable and replacements for their counterparts are expected to be seen. These new resins will have benefits including mechanically or chemically recycled content and materials and additives made from biobased feedstocks.
Global High Performance Polyamide Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to the global high performance polyamid market report analysis, in terms of product type, the segment of PA 12 type polyamide is growing at a fast rate. This can be attributed to the exceptional qualities of this material such as tensile strength, rigidity, and others. In terms of end users, the automotive segment will hold the largest share of the global market. Increasing popularity of the material in electric vehicles and the robust strength of the parts made from high-performance pol amides are responsible for the increasing demand from the automobile sector.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.8 billion |
| Market size value in 2031 | USD 5.2 billion |
| Growth Rate | 7.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered | ss="MsoNormal" style="margin-bottom: 11.25pt; text-align: justify; line-height: 22.5pt; background: white; vertical-align: baseline;">Global high performance polyamides market is fragmented due to the presence of many players in the market which result in high competition in the market landscape. Major players use product quality offered and technology employed to produce high-performance poly amides as the basis for competition. They use various strategies such as mergers and acquisitions, collaboration and strategic partnership, and new product development and launches to fortify their consumer base and plan for market expansion and growth. High Performance Polyamide Market Top player's company profiles
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global High Performance Polyamide Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global High Performance Polyamide Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global High Performance Polyamide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global High Performance Polyamide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global High Performance Polyamide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global High Performance Polyamide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global High Performance Polyamide Market Report Snapshots
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