Polyamide Resins Market 2020-2026

Global Polyamide Resins Market Size, Share & Trends Analysis Report, By Product Type (Polyamide 6, Polyamide 6,6, Polyamide 6,12, Polyamide 11, and Others), By End-Use Industry (Inks, Paints, and Coatings, Automotive, Aerospace, Chemical, Electrical and Electronics, Textile, Packaging, and Others) and Forecast, 2020-2026.

The global polyamide resins market is estimated to witness significant growth during the forecast period. Potential applications of polyamide resins in automotive and electrical and electronics industry is the major factor driving the growth of the market. Polyamide 6,6 has been a material of choice in electronic connectors. However, polyamide 4,6 is finding its application as electronic connectors are gradually exposed to high temperatures owing to the continued advances in lead-free soldering in the industry. Such high-temperature soldering operations need connector materials that are stable minimum 230° C. Currently available connectors have higher pin counts compared to the past, which requires better flow and improved weld-line strength.

There is also a better pitch between pins, which requires connector materials with exceptional weld-line strength, high flow, and high mechanical strength. In several cases, polyamide 4,6 fulfils all these needs. Polyamide filled with electrically conductive materials can offer electrostatic discharge (ESD), antistatic, and electromagnetic interference/ radio frequency interference (EMI/RFI) shielding for electronic devices, as well as for conveyor systems and trays used in the production of semiconductor chips. Typical fillers in this application comprise stainless steel fiber, carbon fiber, nickel-coated carbon fiber, and carbon powder. Therefore, any grade of polyamide can be used in EMI/RFI and ESD protection.

Geographically, Asia-Pacific represents a considerable share in the market owing to the increasing demand for engineering thermoplastics coupled with the increasing electronics manufacturing base in the region. Further, increasing automotive production has been reported in the region. As per the India Brand Equity Foundation (IBEF), domestic production of automobiles grew at 2.36% CAGR during the period, 2016-2020 with 26.4 million vehicles being produced in the country in 2020. Foreign automobile companies are expanding their production base in the country. For instance, in December 2019, a British automobile brand, Morris Garages (MG), declared plans to invest an additional $429.3 million in India. This, in turn, will likely accelerate the demand for polyamide resins in the country as it offers superior mechanical properties and flexibility.

Key players operating in the market include BASF SE, Arkema S.A., DuPont De Nemours, Inc., Koninklijke DSM N.V., and DOMO Chemicals GmbH. The market players are adopting certain strategies including mergers and acquisitions, partnerships and collaborations, and product launches, to gain a competitive advantage. For instance, in October 2019, Evonik declared that it has produced a polymer that is highly transparent based on new monomers, TROGAMID HT which incorporates a comparatively high heat deflection temperature with low water uptake and better mechanical properties. Therefore, it is perfectly suitable for high-end ATEX applications in the extreme temperature range.

Research Methodology

The market study of the global polyamide resins market is incorporated by extensive primary and secondary research conducted. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Authentic public databases
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Polyamide Resins Market Research and Analysis, By Product Type
• Global Polyamide Resins Market Research and Analysis, By End-Use Industry

The Report Covers

• Comprehensive research methodology of the global polyamide resins market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global polyamide resins market.
• Insights about market determinants which are stimulating the global polyamide resins market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.