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Engineering plastics and fiber are the key applications of polyamide

 

The Global Polyamide Market was valued at USD 25.14 Billion in 2016 and is projected to reach USD 30.76 Billion by 2021, at a CAGR of 4.1% from 2016 to 2021.

Browse 376 market data Tables and 70 Figures spread through 335 Pages and in-depth TOC on "Polyamide Market”

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China is a leading consumer of domestically produced and imported polyamides. China has been a driver for the rapid growth in last couple of decades, globally. However, it is now showing an early sign of relative economic slowdown. Its GDP annual growth rate was 6.7% in the first quarter of 2016, which was the lowest in the last six years. This will adversely impact polyamide market and could impede the continued investments and expansion in the polyamide market for a few years. There is a huge polyamide capacity planned in China in near future – economic slowdown will not just impact the overall capacity utilization rate of new domestic plants but could severely hit the polyamide manufacturing in Europe and North American region from where it imports significantly.


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Asia Pacific accounted for the largest share of the polyamide market in 2016.

Asia Pacific was the leading polyamide market in 2016 due to the increased use in the automotive, consumer goods, electrical & electronics, building & construction, and textile industries. In recent years, the automobile sector has witnessed large-scale investments. Moreover, there has been a growing demand for luxury cars driven by the increased purchasing power of consumers in the region. All these factors have contributed to the use of polyamide for the production of lightweight automobiles in Asia Pacific.

Key players operating in the polyamide market, such as BASF SE (Germany), Li Peng Enterprise Co. ltd, (Taiwan), Royal DSM (Netherlands), Ascend Performance Materials LLC (U.S.), Invista Sarl (U.S.), Arkema SA (France), and Evonik Industries AG (Germany), among others, have adopted various strategies to increase their market shares. New product launches, acquisitions, and expansions are some of the key strategies adopted by market players to achieve growth in the polyamide market.

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