Polyamides Market Updates

Polyamides Market size was valued at USD 39 Billion in 2023 and is poised to grow from USD 42.12 Billion in 2024 to USD 77.96 Billion by 2032, growing at a CAGR of 8% during the forecast period (2025-2032).

Key players in the global polyamides market are investing in research and development activities to stay ahead in the competition. They are adopting various strategies such as mergers & acquisitions, collaborations, and expanding product portfolios. 'BASF SE (Germany)', 'LEALEA ENTERPRISE CO., LTD. (Taiwan)', 'DSM (Netherlands)', 'Ascend Performance Materials (U.S.)', 'Invista (U.S.)', 'Arkema (France)', 'Evonik (Germany)', 'RTP Company (US)', 'KRAIBURG TPE GMBH & CO. KG (Germany)', 'KURARAY CO., LTD (Japan)', 'SABIC (South Arabia)', 'LG Chem, (South Korea)', 'Huntsman International LLC (US)', 'LyondellBasell Industries Holdings B.V. (US)', 'Exxon Mobil Corporation (US)', 'KRATON CORPORATION (US)', 'Lubrizol (US)', 'Celanese Corporation (US)', 'Asahi Kasei Corporation (Japan)', 'TSRC (Taiwan)', 'Tosoh (Taiwan)'

The automotive sector is a significant consumer of polyamides, using them in various applications such as engine components, electrical connectors, and interior parts. The growing automotive industry, particularly in emerging markets, has driven the demand for polyamides.

Sustainability has become a significant trend in the plastics industry, including the polyamides market. Manufacturers and consumers are increasingly seeking more environmentally friendly options. As a result, there has been a growing interest in bio-based polyamides derived from renewable sources such as castor oil, which have a lower carbon footprint compared to traditional petroleum-based polyamides.

The Asia-Pacific region dominates the polyamide market in terms of market share during the forecast period. This can be attributed to the increasing demand for polyamide in the region. The dominant position of Asia-Pacific is driven by the growing applications of polyamide in the food packaging and automotive industries, as well as the rising demand for processed food products.