Specialty Polyamides Market Size, Share & Trend Report

Specialty Polyamides Market Size, Share & Trend Analysis, By Product (Long Chain, High Temperature, MXD6/PARA), By Application (Automotive, Electrical & Electronics, Retail), And Segment Forecasts, 2019 - 2025

  • Published Date: Jan, 2019
  • Base Year for Estimate: 2017
  • Report ID: GVR-1-68038-211-2
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 125

Industry Insights

The global specialty polyamides market size was valued at USD 2.23 billion in 2017. It is likely to post a 6.0% CAGR from 2018 to 2025. Surging demand for lightweight materials in the automotive & transportation industry is one of the key trends escalating market growth.In addition, growing concerns regarding automotive fuel efficiency and high demand for green solutions are poised to fuel the demand for the product over the forecast period.

In terms of revenue, the market in the U.S. was valued at USD 414.43 million in 2017. It is projected to progress at a CAGR of 6.2% over the forecast period.It is slated to experience an upswing in the demand over the coming years owing to flourishing automotive manufacturing sector in the country. The U.S. is one of the most lucrative markets for automotive manufacturing owing to its well-developed economy coupled with presence of supportive government policies.

U.S. specialty polyamides market

The market in the U.S. is further driven by robust growth in the consumer goods and electrical & electronics industries. The consumer goods industry in the U.S. is anticipated to be primarily driven by rising income levels of consumers, low inflation, and strong labour strength.

Specialty polyamides are increasingly finding application in other end use industries, including consumer goods, industrial coatings, retail, and energy. The product exhibits superior properties such as high strength, dimensional stability, and rigidity coupled with excellent thermal and chemical resistance.

Product Insights

The long-chain nylons segment dominated the market in 2017. It is anticipated to maintain its position until 2025, expanding at a CAGR of 6.0% over the forecast period. Long-chain segment include PA12, PA11, PA610, PA612, PA410, PA1010, and PA1012. These are traditionally used to produce monofilaments, which are further used in a broad range of high chemical resistance and good dimensional stability applications.

Long-chain polyamide is nothing but polyamide with repeating unit monomer length greater than 10.High-temperature polyamides are high-crystalline polyamides, which differ from other specialty polyamides such as PA 11, PA 12, PA 6/10, and PA 6/12 on account of their mechanical and thermal properties. High-temperature polyamides include PA46, PA4T, PA6T/6, PA6T/66, PA6T/6I, PA6T/6I/66, PA6T/DT, PA6T/66/DT, PA9T, and PA10T.

Application Insights

In the automotive & transportation sector, the demand for specialty polyamides is estimated to be driven by high adoption of PA 12, PA 11, PA 4/6, and PA 6/12 grades.These grades fulfil the need for automotive thermal management components. They maintain excellent toughness and strength during its exposure to hot automotive fluids. The segment is likely to represent just over 37.0% of the global specialty polyamides market in terms of revenue by 2025. 

Global specialty polyamides market

The demand in the electrical & electronics segment was valued at USD 443.13 million in 2017. It is expected to witness the highest CAGR of 6.7% over the forecast period owing increasing demand for thermally conductive plastics for display technologies, home electronics, mobile electronics, smart devices, electrical components, and household products.

Regional Insights

Asia Pacific was the leading regional market in 2017 and commanded more than 40.0% of the overall revenue. Countries such as China, Japan, and India are sights of high growth rates in the region in terms of value as well as volume. Availability of low-cost raw materials and labour and rising spending power will support the dominance of the segment through 2025. The region is poised to rise at the highest CAGR in terms of both volume and revenue during the forecast period.

North America is projected to experience healthy rise in the demand for specialty polyamides over the forecast period. There has been a significant upswing in the demand for the product from the automotive and electronics industry in the last few years.Efforts are being taken by auto manufacturers to cut down vehicular emissions by implementing lightweight materials to reduce the curb weight of vehicle. The market in North America is anticipated to exhibit a CAGR of 6.0% over the forecast period.

Specialty Polyamides Market Share Insights

Evonik Industries AG; Arkema S.A.; BASF SE; DowDuPont, Inc.; Koninklijke DSM N.V.; Asahi Kasei Corporation; LG Chem; INVISTA; Solvay America, Inc.; and Radici Partecipazioni Spa are some of the key players engaged in R&D and manufacturing of high-quality specialty polyamide.

A wide range of products and surging demand from end users are some of the factors leading to increased competition among market players. On account of higher demand, several polyamide manufacturers, such as BASF SE, Evonik Industries AG, Arkema SA, DowDuPont, Invista, Kuraray Co., Ltd, Mitsubishi Engineering-Plastics Corporation, and Ube Industries Ltd., have increased their production capacities to meet the rising demand from application industries.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in Kilotons and Revenue in USD Million & CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage      

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

Country Scope

U.S., Germany, France, Netherlands, Italy, Poland, Spain, China, India, Japan, Hong Kong, Taiwan, Thailand, South Korea

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global specialty polyamides market report on the basis of product, application, and region:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Long Chain Specialty Polyamide

      • PA 12

      • PA 11

      • PA 6/10

      • PA 6/12

      • PA 4/10

      • PA 10/10

      • PA 10/12

    • High Temperature Specialty Polyamide

      • PA 46

      • PA 4T

      • PA 6T/6

      • PA 6T/66

      • PA 6T/6I

      • PA 6T/6I/66

      • PA 6T/DT

      • PA 6T/66/DT

      • PA 9T

      • PA 10T

    • MXD6/PARA  

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Automotive & Transportation

    • Electrical & Electronics

    • Consumer Goods & Retail

    • Energy

    • Industrial Coatings

    • Others  

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • France

      • Netherlands

      • Italy

      • Poland

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • Hong Kong

      • Taiwan

      • Thailand

      • South Korea

    • Central & South America

    • Middle East & Africa

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