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Long-chain Polyamide Market Trends

ID: MRFR//9132-CR | 370 Pages | Author: Anshula Mandaokar| June 2023

Global Long-chain Polyamide Market Overview


Long-chain Polyamide Market Size was valued at USD 2.00 Billion in 2023. The Long-chain Polyamide industry is projected to grow from USD 2.11 Billion in 2024 to USD 3.10 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.94% during the forecast period (2024 - 2032). Growing demand for a variety of industrial, technological, and sporting applications as well as rising use in the automobile industry, are the key market drivers enhancing the market growth.Long-chain Polyamide Market OverviewType: Secondary Research, Primary Research, MRFR Database and Analyst Review


Long-chain Polyamide Market Trends




  • Increasing use in the automotive industry is driving the market growth




Many automobile components, including as air intake manifolds, rocker covers, radiator end tanks, fuel rails, and electrical connectors, are mostly comprised of polyamides. They exhibit exceptional mechanical strength, toughness, thermal stability, and grease resistance. As the emphasis on vehicle weight reduction to improve performance and efficiency has grown, heavy metals and other materials have been replaced with suitable lightweight materials including PVC, polyamides, and elastomers. The demand for lightweight materials is also supported by the severe rules of regulatory authorities, such as the US Environmental Protection Agency, European Law, and Bharat Stage Emission Standards, to safeguard the environment and lower CO2 emissions. The typical modern automobile has about 100 kg of plastic components. The key elements affecting the rising demand are weight reduction, production improvements (better assembly, integration of parts and systems), and enhanced design freedom.


Numerous industrial products, including hoses, tubes, rollers, and conveyor systems, utilise long-chain polyamides. Since PA 12 complies with USP Class VI, is sterilisation resistant, lightweight, has a wide range of flexibility, is chemically resistant, and is straightforward to create, it is used in many small-diameter medical tubing applications, including interventional cardiology and neurology catheters. In the manufacturing industry, PA 11 is widely used as a barrier layer for air, water, and spray painting hoses. The globalization of the industrial industry is a further factor boosting the growth of the market and rising demand for polyamide components. Over the projection period, potential in Asia-emerging Pacific nations, including India, will probably increase demand for cast elastomers.


Due to its exceptional dimensional stability, fatigue and crack resistance, and chemical and chemical resistance, long-chain polyamides are employed in a wide variety of applications. Furthermore, long-chain polyamides are capable of withstanding strong chemicals and incredibly high temperatures. In order to produce items like rollers, pulleys, conveyor systems, connectors for houses and tubes, and filaments, they are aggressively employed. The primary factor driving the market growth rate is an increase in demand for long-chain polyamide from the electrical and electronics industries in both developed and developing nations. Growing end-user sectors, particularly in developing economies, and expanding long-chain polyamide application areas will both have a direct and positive impact on the market's growth rate. Favorable regulations for using long-chain polyamide, a surge in the demand for lightweight materials from the automotive and transportation sectors, a growing emphasis on technological advancements, and modernization of production methods will all contribute to the market's expansion.Thus, driving the Long-chain Polyamide market revenue.


Long-chain Polyamide Market Segment Insights


Long-chain Polyamide Type Insights


The Long-chain Polyamide market segmentation, based on type, includes PA11, PA12, PA610, PA612, and others. PA12 segment accounted for the largest revenue share in 2022. The chemical compound laurolactam, also known as 12-aminolauric acid, is the source of polyamide 12 (PA12). It performs better than other polyamides in terms of its superior impact strength (even at extremely low temperatures), lower melting point, decreased moisture absorption, superior abrasion resistance, excellent chemical resistance, resistance to cracking under stress, higher elongation, lightweight design, and noise and vibration dampening properties. Polyamide 12 offers superior creep resistance than nylon 6/6 while having a lower modulus. The segment is also developing as a result of the rising demand for polyamide 12 in the automobile industry. The shift towards employing bio-based products is expected to provide the market with profitable growth potential.


Long-chain Polyamide End Use Insights


The Long-chain Polyamide market segmentation, based on End Use, includes automotive, electrical & electronics, industrial applications, and others. Industrial applications segment dominated the Long-chain Polyamide market in 2022.Long-chain polyamides are employed in many industrial applications because of their remarkable abrasion resistance, strength, and toughness as well as their low water absorption characteristics. Filaments, houses and tube connectors, conveyor systems, pulleys, rollers, and pulley systems make up the industrial category by application. In addition, the fast industrialization, economic growth, and growing consumer awareness of the advantages of adopting bio-based products are the main drivers of the demand for long-chain polyamides in the industrial sector.


Figure 1: Long-chain Polyamide Market, by End Use Industry, 2022 & 2032 (USD Billion)Long-chain Polyamide Market, by End Use Industry, 2022 & 2032Type: Secondary Research, Primary Research, MRFR Database and Analyst Review


Long-chain Polyamide Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Long-chain Polyamide market dominated this market in 2022 (45.80%). The region's expansion is significantly influenced by the robust development of end-user industries like automotive, electrical and electronics, aerospace, and consumer goods and packaging. The demand for regional polymers is influenced by a number of variables, including the acceleration of industrialisation, population expansion, and rising per capita disposable income in countries like China and India. The movement of critical automotive production facilities from the West to Asia-Pacific, as well as a favourable business climate, are further propelling industry expansion.Moreover, China’s Long-chain Polyamide market held the largest market share, and the Indian Long-chain Polyamide market was the fastest growing market in the Asia-Pacific region.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: LONG-CHAIN POLYAMIDE MARKET SHARE BY REGION 2022 (USD Billion) LONG-CHAIN POLYAMIDE MARKET SHARE BY REGION 2022Type: Secondary Research, Primary Research, MRFR Database and Analyst Review


The North America Long-chain Polyamide Market is expected to register significant growth from 2023 to 2032. Over the course of the forecast period, market growth in the region is anticipated to be driven by the rapidly growing oil and gas sector and the resurgence of the automobile industry. The demand for long-chain polyamide is anticipated to boost the region's established electrical and electronics sectors. The Canadian gas business is expanding more quickly thanks to the nation's quick industrial development. Additionally, the increased spending on the aerospace and defence sectors over the projection period would present profitable prospects for industry participants.Further, the U.S. Long-chain Polyamide market held the largest market share, and the Canada Long-chain Polyamide market was the fastest growing market in the North America region.


Europe Long-chain Polyamide market accounted for the healthy market share in 2022.Automotive manufacturers now place a strong emphasis on incorporating long-chain polyamides into a variety of applications, including the powertrain, electrical components, chassis, trim components, and other vehicle sections due to fuel efficiency and pollution restrictions. Due to shifting consumer preferences towards biobased polymers and growing consumer awareness over the forecast period, the demand for long-chain polyamides is anticipated to increase significantly.Further, the German Long-chain Polyamide market held the largest market share, and the U.K Long-chain Polyamide market was the fastest growing market in the European region.


Long-chain Polyamide Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Long-chain Polyamide market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Long-chain Polyamide industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Long-chain Polyamide industry to benefit clients and increase the market sector. In recent years, the Long-chain Polyamide industry has offered some of the most significant advantages to medicine. Major players in the Long-chain Polyamide market, including DuPont, Evonik Industries AG, BASF SE, Arkema, DSM, EMS-Chemie Holding AG, Nylon Corporation of America, Inc., and Radici Group Spa, are attempting to increase market demand by investing in research and development operations.


Specialty chemical firm Evonik Industries AG (Evonik), a division of RAG-Stiftung. Surfactants, polymers, resins, additives, among other things, are included in its product line. Agriculture, alternative energy, paper and printing, metal and oil products, electrical and electronics, food and animal feed, pharmaceuticals, plastics and rubber, automotive, and construction are just a few of the industries where the company's products are used. Additionally, it provides engineering, logistics, utilities, and process technology services. Major production facilities for Evonik are located in China, Singapore, Belgium, the US, and Germany. In addition to other places, the corporation also operates in North America, Asia-Pacific, Africa, South America, and Europe. Essen, in Nordrhein-Westfalen, Germany, serves as the headquarters for Evonik. Evonik unveiled a unique polyamide powder in February 2019 that is intended specifically for 3D printing applications, even at higher temperatures. Some of the important characteristics of this advancement include its superior chemical and temperature resistance and increased mechanical strength.


BASF SE (BASF) is a company that produces chemicals. It manufactures, markets, and sells chemicals, polymers, crop protection products, and performance items. Solvents, fuel additives, electronic chemicals, pigments, paints, food additives, adhesives, surfactants, fungicides, and herbicides are among the company's product offerings. Construction, agricultural, electronics and electrical, furniture and wood, paints and coatings, automotive, home care, chemicals, nutrition, and other industries are among the many that the company serves. R&D is conducted by BASF in collaboration with international clients, partners, and scientists. A network of production sites supports the company's operations. It is present throughout North America, Europe, South America, Asia Pacific, Africa, and the Middle East. The headquarters of BASF are in Ludwigshafen, Germany. A bio-sourced 3-D printing substance with Nylon PA11 as its foundation was recently unveiled by BASF and Sculpteo. The following 4 printing products were introduced by the company:




  • Ultrasint PA11




  • PA 11 CF




  • PA 11 MJF




  • Ultrasint PA 11 ESD




Key Companies in the Long-chain Polyamide market include



Long-chain Polyamide Industry Developments


December 2022: New medical-grade nylon has been introduced by Ascend and Foster Corp.


Long-chain Polyamide Market Segmentation


Long-chain Polyamide Type Outlook




  • PA11




  • PA12




  • PA610




  • PA612




  • Others




Long-chain Polyamide End Use Outlook




  • Automotive




  • Electrical & Electronics




  • Industrial Applications




  • Others




Long-chain Polyamide Regional Outlook




  • North America



    • US

    • Canada






  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific



    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific






  • Rest of the World



    • Middle East

    • Africa

    • Latin America




 

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