Specialty Polyamides Market - Forecast(2024 - 2030)

Report Code: CMR 56082 Report Format: PDF + Excel

Specialty Polyamides Market Overview

Specialty polyamides market size is expected to be valued at US$4.3 billion by the end of the year 2027 and is set to grow at a CAGR of 6.2% during the forecast period from 2022-2027. The Surging demand for lightweight materials with abrasion resistance and other properties in the automotive and transportation industry is one of the key factors contributing to the growth of the specialty polyamides market. In addition, the growing concerns regarding automobile fuel efficiency and high demand for green solutions are also anticipated to fuel the demand for specialty polyamides market. Specialty polyamides such as aramid and nylon such as polycaprolactam and polyphthalamides are produced from sebacic acid which gives the polyamide excellent lubricity, high thermal stability and high flash points and other properties. The increasing demand from various end-use industries like automotive, consumer goods, energy and other industries is driving the demand for specialty polyamides market.

COVID-19 impact

Amid the Covid-19 pandemic, specialty polyamides market witnessed downfall in the growth and demand owing to various economic and legal restrictions imposed by many countries across the world. The decrease in the growth of the construction industry, automotive industry, electrical and electronics industry during the year 2020 also highly affected the specialty polyamides market. And therefore, the decline in growth of these end use industries like building & construction, automotive, electrical and electronics also impacted the demand for specialty polyamides. However, the specialty polyamides market is set to improve by the end of the year 2021.

Report Coverage

The report: “Specialty Polyamides Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Specialty Polyamides Industry.

By Types: High Temperature Specialty Polyamide (PA46, PA4T, PA6T/6, PA6T/66, PA6T/6I, PA6T/6I/66, PA6T/DT, PA6T/66/DT, PA9T and Others), Long Chain Specialty Polyamide (Polyamide 6/10, Polyamide 6/12, Polyamide 4/6, Polyamide 10, Polyamide 11, Polyamide 12 and Others) and Mxd6/Para.
By End-Use Industry: Automotive, Electrical and Electronics, Consumer Goods, Energy, Industrial Coating and Others.
By Geography: North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific market held the largest share in the specialty polyamides market owing to increase in demand from the electrical industry from countries like China, India, Japan and South Korea.
  • Technological advancements in the electrical and electronics industry is driving the demand for specialty polyamides market.
  • The increase applications in the packaging industry are driving the demand for specialty polyamides market.
  • Amid the Covid-19 pandemic, the specialty polyamides market witnessed slow growth owing to the ongoing covid-19 pandemic.


Figure: Asia-Pacific Specialty Polyamides Market Revenue, 2021-2027 (US$ Billion)

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Specialty Polyamides Market Segment Analysis – By Types

High Temperature Specialty Polyamide segment held the largest share in the specialty polyamides market in the year 2021. High temperature specialty polyamides such as polyphthalamides are used for various applications owing to their properties such as cost-effectiveness and durability. High temperature specialty polyamides are used in the automotive, aerospace, medical, and electrical / electronic industries where demanding properties are required. Therefore, the increasing demand from various end use industries such as automotive industry and electrical industry is increasing the demand for specialty polyamides market.

Specialty Polyamides Market Segment Analysis – By End-Use Industry

Energy and power segment held the largest in the specialty polyamides market in the year 2021. The oil & gas industry is projected to have the highest growth in terms of demand for the specialty polyamides products. The growing demand for preserving products along with their safety from extreme temperature, sensitive conditions concerning temperature, and pressure fluctuations are expected to push the demand for high-temperature molding, which helps in attaining better surface quality and good push of flow to the product. For instance, according to the International Energy Association (IEA) oil market report, the global oil consumption is estimated to increase by 5.4 million barrels per day in the year 2021. This gives rise to the demand for a product that can act as good seal frame, which will help in preserving the products (such as oil). This is set to project the usage of specialty polyamides in the form of polycaprolactam and polyphthalamides.

Specialty Polyamides Market Segment Analysis – By Geography

Asia-Pacific region held the largest share of 40% in the specialty polyamides market in the year 2021. The highest demand from the Asia-Pacific region is due to the availability of cheap raw materials such as nylons, aramids, sodium polyaspartate, and wool. The presence of emerging countries like India, China and South Korea also drives the market growth in APAC region. Furthermore, the growing demand for environment friendly vehicles, developing aviation sector, and growing investment in the infrastructure sector across the region also propels the market growth. Whereas, the growth in the electronics and IT industries is also contributing to the market growth. For instance, according to the Japan Electronics and Information Technology Industries Association (JEITA) report 2020, the total global production by the electronics and IT industries is expected to increase by a mere 2% year on year in 2020 to reach $2,972.7 billion. This will drive the demand for specialty polyamides market in the region. 

Specialty Polyamides Market Drivers

Technological advancements in the electrical and electronics industry is driving the demand for specialty polyamides market

The evolution of technology in the past few years has contributed to the growth of electronic protection devices. There has been a significant change in the control, testing and commissioning methods, which fuels the growth of electronic protection devices industry. This further gives rise to the need of specialty polyamide such as polycaprolactam and polyphthalamides in electronic protection devices market, due to their insulation properties and low flammability. For instance, the Voltage Test Station (VTS) from Grace Engineered Products is a permanent electrical safety device that helps quickly and safely validate zero electrical energy from outside the electrical cabinet. This helps in detecting the presence or absence of voltage, malfunctions of the disconnect switch and unintended release of stored electrical energy with the help of specialty polyamides. This is driving the demand for specialty polyamides market. 

The increased applications in the packaging industry is driving the demand for specialty polyamides market

The increase in demand for polyamides such as polyethylene terephthalate (PET), polyphthalamides, low- and high-density polyethylene (LDPE and HDPE) is driving the demand for specialty polyamides from the packaging industry. Specialty polyamides are widely used in the packaging industry owing to their properties such as chemical purity, stability, hydrophobicity, low temperature performance, excellent weathering, high resistance to water, heat & sunlight and other properties. According to the data from World Packaging Organisation (WPO), a global organization and regulatory body of the packaging industry, the annual turnover of the global packaging industry crossed the value of US$500 billion during the year 2020, which served as an important factor driving the demand for adhesives and sealants which in turn increased the growth of specialty polyamides market. This is driving the growth and demand for specialty polyamides market from the packaging sector across the globe. 

Specialty Polyamides Market Challenges

Availability of other substitutes for polyamide

The availability of substitutes for polyphthalamides such as polystyrene, polyester, and polybutyleneis acts as a major challenge to the growth of specialty polyamide market. These substitutes are relatively cheaper and is easier to handle than polyamides like polycaprolactam and polyphthalamides, which makes them a better substitute thereby acting as one of the biggest challenges to the specialty polyamide industry. Polystyrene can be made into various other applications by adding other additives, colorants, foam, other plastics etc. Polystyrene can also be extracted from natural products such as coffee, cinnamon etc. This makes polystyrene easily available and a preferred type of material. This is majorly hampering the growth of the specialty polyamides market.

Specialty Polyamides Industry Outlook

Acquisitions and mergers, production expansion, facility expansion collaborations, partnerships, investments, are some of the key strategies adopted by players in this market. Specialty Polyamides major companies include:

  1. BASF Group
  2. Formosa Group
  3. Li Peng Enterprise Co. Ltd
  4. Royal DSM
  5. DuPont de Nemours, Inc.
  6. Good Fellow Inc.,
  7. Shenma Industrial Co. Ltd
  8. Radici Group
  9. Huntsman Corporation
  10. Ascend Performance Materials LLC
  11. Arkema SA
  12. Toray Industries Inc
  13. Evonik Industries AG.

Acquisitions/Technology Launches

  • On May 18, 2020, Huntsman Corporation acquired CVC Thermoset Specialities for US $ 300 million. Under this acquisition Huntsman Corporation acquires the whole business of CVC Thermoset Specialities including composites, thermosets, adhesives and others. This acquisition helped Huntsman Corporation in growing its Advanced Materials Portfolio. 
  • On February 4, 2020, BASF acquired Solvay’s Polyamide business for US $ 1.436 billion. This acquisition will help BASF to broaden its engineered plastics solutions to a wider portfolio. The acquisition also broadened BASF’s polyamide capabilities with innovative and well-known products such as Technyl. This facilitated BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility. 

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1. Specialty Polyamides Market- Market Overview
    1.1 Definitions and Scope
2. Specialty Polyamides Market - Executive Summary
    2.1 Key Trends by Types
    2.2 Key Trends by End-Use Industry
    2.3 Key Trends by Geography
3. Specialty Polyamides Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Specialty Polyamides Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Specialty Polyamides Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Specialty Polyamides Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Specialty Polyamides Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Specialty Polyamides Market – By Types (Market Size -$Million/Billion)
    8.1 High Temperature Specialty Polyamide
        8.1.1 PA46
        8.1.2 PA4T
        8.1.3 PA6T/6
        8.1.4 PA6T/66
        8.1.5 PA6T/6I
        8.1.6 PA6T/6I/66
        8.1.7 PA6T/DT
        8.1.8 PA6T/66/DT
        8.1.9 PA9T
        8.1.10 Others
    8.2 Long Chain Specialty Polyamide
        8.2.1 Polyamide 6/10
        8.2.2 Polyamide 6/12
        8.2.3 Polyamide 4/6
        8.2.4 Polyamide 10
        8.2.5 Polyamide 11
        8.2.6 Polyamide 12
        8.2.7 Others
    8.3 Mxd6/Para
9. Specialty Polyamides Market - By End-Use Industry (Market Size -$Million/Billion)
    9.1 Automotive
    9.2 Electrical and Electronics
    9.3 Consumer Goods
    9.4 Energy
    9.5 Industrial Coating
    9.6 Others
10. Specialty Polyamides Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Specialty Polyamides Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Specialty Polyamides Market – Industry/Segment Competition Landscape Premium
    12.1 Company Benchmarking Matrix- Major Companies
    12.2 Market Share at Global Level - Major companies
    12.3 Market Share by Key Region - Major companies
    12.4 Market Share by Key Country - Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category - Major companies
13. Specialty Polyamides Market – Key Company List by Country Premium Premium
14. Specialty Polyamides Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best-efforts basis for private companies"

LIST OF TABLES

1.Global Specialty Polyamide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
1.1 Automotive Transportation Market 2023-2030 ($M) - Global Industry Research
1.2 Electrical Electronics Market 2023-2030 ($M) - Global Industry Research
1.3 Consumer Good Retail Market 2023-2030 ($M) - Global Industry Research
1.4 Energy Market 2023-2030 ($M) - Global Industry Research
1.5 Industrial Coating Market 2023-2030 ($M) - Global Industry Research
2.Global Specialty Polyamide Market:Application Estimate Trend Analysis Market 2023-2030 (Volume/Units)
2.1 Automotive Transportation Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Electrical Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Consumer Good Retail Market 2023-2030 (Volume/Units) - Global Industry Research
2.4 Energy Market 2023-2030 (Volume/Units) - Global Industry Research
2.5 Industrial Coating Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Specialty Polyamide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
3.1 Automotive Transportation Market 2023-2030 ($M) - Regional Industry Research
3.2 Electrical Electronics Market 2023-2030 ($M) - Regional Industry Research
3.3 Consumer Good Retail Market 2023-2030 ($M) - Regional Industry Research
3.4 Energy Market 2023-2030 ($M) - Regional Industry Research
3.5 Industrial Coating Market 2023-2030 ($M) - Regional Industry Research
4.South America Specialty Polyamide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
4.1 Automotive Transportation Market 2023-2030 ($M) - Regional Industry Research
4.2 Electrical Electronics Market 2023-2030 ($M) - Regional Industry Research
4.3 Consumer Good Retail Market 2023-2030 ($M) - Regional Industry Research
4.4 Energy Market 2023-2030 ($M) - Regional Industry Research
4.5 Industrial Coating Market 2023-2030 ($M) - Regional Industry Research
5.Europe Specialty Polyamide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
5.1 Automotive Transportation Market 2023-2030 ($M) - Regional Industry Research
5.2 Electrical Electronics Market 2023-2030 ($M) - Regional Industry Research
5.3 Consumer Good Retail Market 2023-2030 ($M) - Regional Industry Research
5.4 Energy Market 2023-2030 ($M) - Regional Industry Research
5.5 Industrial Coating Market 2023-2030 ($M) - Regional Industry Research
6.APAC Specialty Polyamide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
6.1 Automotive Transportation Market 2023-2030 ($M) - Regional Industry Research
6.2 Electrical Electronics Market 2023-2030 ($M) - Regional Industry Research
6.3 Consumer Good Retail Market 2023-2030 ($M) - Regional Industry Research
6.4 Energy Market 2023-2030 ($M) - Regional Industry Research
6.5 Industrial Coating Market 2023-2030 ($M) - Regional Industry Research
7.MENA Specialty Polyamide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
7.1 Automotive Transportation Market 2023-2030 ($M) - Regional Industry Research
7.2 Electrical Electronics Market 2023-2030 ($M) - Regional Industry Research
7.3 Consumer Good Retail Market 2023-2030 ($M) - Regional Industry Research
7.4 Energy Market 2023-2030 ($M) - Regional Industry Research
7.5 Industrial Coating Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Specialty Polyamides Market Revenue, 2023-2030 ($M)
2.Canada Specialty Polyamides Market Revenue, 2023-2030 ($M)
3.Mexico Specialty Polyamides Market Revenue, 2023-2030 ($M)
4.Brazil Specialty Polyamides Market Revenue, 2023-2030 ($M)
5.Argentina Specialty Polyamides Market Revenue, 2023-2030 ($M)
6.Peru Specialty Polyamides Market Revenue, 2023-2030 ($M)
7.Colombia Specialty Polyamides Market Revenue, 2023-2030 ($M)
8.Chile Specialty Polyamides Market Revenue, 2023-2030 ($M)
9.Rest of South America Specialty Polyamides Market Revenue, 2023-2030 ($M)
10.UK Specialty Polyamides Market Revenue, 2023-2030 ($M)
11.Germany Specialty Polyamides Market Revenue, 2023-2030 ($M)
12.France Specialty Polyamides Market Revenue, 2023-2030 ($M)
13.Italy Specialty Polyamides Market Revenue, 2023-2030 ($M)
14.Spain Specialty Polyamides Market Revenue, 2023-2030 ($M)
15.Rest of Europe Specialty Polyamides Market Revenue, 2023-2030 ($M)
16.China Specialty Polyamides Market Revenue, 2023-2030 ($M)
17.India Specialty Polyamides Market Revenue, 2023-2030 ($M)
18.Japan Specialty Polyamides Market Revenue, 2023-2030 ($M)
19.South Korea Specialty Polyamides Market Revenue, 2023-2030 ($M)
20.South Africa Specialty Polyamides Market Revenue, 2023-2030 ($M)
21.North America Specialty Polyamides By Application
22.South America Specialty Polyamides By Application
23.Europe Specialty Polyamides By Application
24.APAC Specialty Polyamides By Application
25.MENA Specialty Polyamides By Application
26.Evonik Industry Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Arekma Sa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Basf Se, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.E. I. Du Pont De Nemours And Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Koninklijke Dsm N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Asahi Kasei Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Lg Chem, Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Invista S R L, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Solvay S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Radici Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)