Polyamide Resins Market

Polyamide Resins Market Outlook (2022 to 2032)

The global polyamide resins market is projected to amass a revenue of around USD 6.7 billion by 2032, up from USD 4.6 billion in 2022 moving forward with a CAGR of 3.5% during the forecast period (2022 to 2032).

The substitution of polyamide resins for conventional resins, and the rising popularity of bio to based polyamide resins play a pivotal role in pushing the demand for polyamide resins forward.

Apart from this, the sales of polyamide resins are soared by the increasing adoption of recycled polyamide resins during the forecast period.

Report Attribute	Details
Polyamide Resins Market Value (2022)	USD 4.6 Billion
Polyamide Resins Market Anticipated Forecast Value (2032)	USD 6.7 Billion
Polyamide Resins Market Projected Growth Rate (2022 to 2032)	3.5%

Polyamide resins are a type of micro to molecular polycondensed compound made from vegetable oil and unsaturated fatty acid dimer and polyamine, consisting of active groups, hydroxyl groups, and amide.

Hence, polyamide resins are also widely used in chemical plants due to their excellent chemical resistance due to their crystalline structure, thereby spiking the demand for polyamide resins.

The rising demand for polyamide resins can be attributed to its curing properties and plasticizer for epoxy resins.

In addition, the sales of polyamide resins are on the rise owing to its wide range of properties such as – flexibility, water resistance, wear resistance, corrosion resistance, better insulation and adhesion properties, etc.

Adoption of polyamide resins is likely to grow significantly as these are available in pellets as well as liquid form, in turn, spiking the demand for polyamide resins.

On the basis of its functional group, polyamide resins have two types which are to dimer acid–based (DAB) polyamide resins and polyamide to epichlorohydrin resins.

On account of the a wide range of application of polyamide resins across numerous end to use industries such as automotive, chemical, fiber, textile, electronics and electrical, inks, and among others, the sales of polyamide resins is likely to go up.

The demand for polyamide resins is also due to their high to density, opaqueness that outperforms other polymers in terms of strength and heat tolerance in automotive applications.

Increased adoption of magazines, internet penetration, newspapers, and books is expected to drive demand for inks and printing, in turn, the demand for polyamide resins.

The sales of polyamide resins are fuelled by the increased product penetration by ongoing advances in lead to free soldering across the electronic connectors industry.

Emerging trends influencing the demand for polyamide resins as well as sales of polyamide resins include increased use of post to consumer recycled polyamide resins, and increased inter to material competition.

Furthermore, increasing automobile production is projected to drive the demand for polyamide resins as a result of the consistent demand for weight reduction in new vehicles over the years.

What are the Key Polyamide Resins Market Dynamics?

The versatility of the flexographic printing market is a key factor fuelling the demand for polyamide resins, in turn, the growth of the global polyamide resins market.

In spite of e-books and internet having increased tremendously from last decade, the demand for magazines, newspapers, books, is also growing on a sound rate and the same is predicted to spur the sales of polyamide resins to an extent.

The demand from paper print sector, in turn, fuels the global polyamide resins market share.

Additionally, the demand for polyamide resins is also expected to augment form its use as a paper based packaging material whose end usage has rapidly grown in the recent times.

Polyamide resins have superior properties such as it provides the high clarity to the printing. Owing to this, sales of polyamide resins surges as it is mostly preferable in the flexographic printing inks.

Other advantages associated with polyamide resins considered to soar the demand for polyamide resins are-it enhances gel recovery, has effective anti-blocking properties, water resistance properties, ester resistance properties, etc.

However, the stringent environmental regulations on polyamide resins are projected to hamper the global demand for polyamide resins.

For instance, polyamide resins listed under the various regulations such as -Toxic Substances Control Act (USA), Domestic Substances List (Canada).

The Philippine Inventory of Chemicals and Chemical Substances (Philippine), Australian Inventory of Chemical Substances (Australia), Existing and New Chemical Substances (Japan), and China's chemical inventory of existing chemical substances, etc.

Which Region is Expected to Dominate the Polyamide Resins Market?

Geographically, Europe is to hold a major polyamide resins market share and is anticipated to be a significant platform for polyamide resins manufactures as it accounts around 60% market in term of label manufacturing which consumes ink in a huge volume.

Further, Asia Pacific is expected to witness the maximum growth in term of polyamide resins primarily due to the growth in the automotive and chemical industry in the developing economies such as India and China.

The sales of polyamide resins expected to upsurge in developing economies due to increasing disposable incomes, changing lifestyle which has increased the usage of packed food in these countries, growing retail industry, etc.

Furthermore, North America and Middle East & Africa expected to grow at a moderate growth rate and hold only a minor polyamide resins market share towards the end of the forecast period.

How is the Competition in the Polyamide Resins Market?

The global polyamide resins market is a highly fragmented market owing to the presence of small as well as international market players at the regional level.

Few of them are identified across the value chain of polyamide resins market are – Solvay SA, Toyobo Co., Ltd., Mitsubishi Chemical holdings, The Ensinger Group, Merck KGaA, RI Chemical Corporation, Gabriel, MPD Industries Pvt. Limited.

Some other key players are Arizona Chemical, The Dow Chemical Company, AnqingHongyu Chemical Co., Ltd, Jinan Tongfa Resin Co., Ltd., RITEKS, Cytech Coatings Private Limited, Thomas Swan & Co. Ltd., and among others.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 3.5% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2014 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Product Type, Product Form, End Use, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	Solvay SA; Toyobo Co., Ltd.; Mitsubishi Chemical holdings; The Ensinger Group; Merck KGaA; RI Chemical Corporation; Gabriel; MPD Industries Pvt. Limited.; Arizona Chemical; The Dow Chemical Company; AnqingHongyu Chemical Co. Ltd.; Jinan Tongfa Resin Co., Ltd.; RITEKS; Cytech Coatings Private Limited; Thomas Swan & Co. Ltd.
Customization	Available Upon Request

Key Segments Profiled in the Polyamide Resins Market Survey

By Product Type:

• Dimer Acid–Based (DAB) Polyamide Resins
• Polyamide-epichlorohydrin Resins)

By Product Form:

• Pellets
• Liquids

By End Use:

• Inks
• Paints & coating
• Automotive
• Chemical
• Fiber and Textile
• Electrical & Electronics
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the Growth Outlook for the Polyamide Resins Market?

The global polyamide resins market is set to advance at a CAGR of 3.5% from 2022 to 2032.

Which Region is Likely to Hold a Major Polyamide Resins Market Share?

Europe is likely to hold a major polyamide resins market share during the forecast period.

Who are a Few Key Players in the Polyamide Resins Market?

Some of the key players in the global polyamide resins market are Solvay SA, Toyobo Co., Ltd., Mitsubishi Chemical holdings, The Ensinger Group, Merck KGaA, RI Chemical Corporation, Gabriel, MPD Industries Pvt. Limited.