High Performance Polyamide Market by Type (PA 11, PA 12, PA 46, PA 9T, and Others), End-Use Industry (Automotive, Industrial, Medical, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026242 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 3.0 billion mark in 2022 and is expected to hit US$ 5.5 billion by 2030, recording a CAGR of approximately 7.5% during the forecast period.

High adoption by automotive manufacturers is driving the high-performance polyamides market

Due to rapid advancements in thermoplastic polymers and properties such as excellent strength and toughness when exposed to aggressive fluids and hot air, the strong acceptance of high performance polyamides by automotive manufacturers are major factors expected to drive the global high performance polyamides market during the forecast period. The rising sale of automobiles around the globe is another factor anticipated to boost the market.                   

Within the report, the market is segmented into type, end use industry, and geography. By type, the market is further segmented into PA 11, PA 12, PA 46, PA 9T, and others. Based on end use, the market is divided into automotive, industrial, medical, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Increased utilization as well as demand for high performance polyamide market

Polyamides are defined as the type of polymer which is accessible naturally and artificially. High performance polyamides are artificially synthesized thermoplastic resin from the same family and are the integration of additives and polymers to form a composite. High performance polyamides have good chemical resistance, good sterilization capability, and are biocompatible. However, a selective number of polyamides qualify as medical-grade polyamides for application in this segment. Due to the ongoing R&D of both high performance and the application industry, the scope of use of high performance is growing. These events are expected to provide new opportunities to apply to high performance in the end-use industry.

Rising adoption in various industries is one of the major factors accelerating market growth

High performance polyamides offer properties such as high thermal stability, excellent chemical resistance, high dielectric strength, and greater design flexibility. As a result, it is widely used in various end-use industries such as hood parts of cars, such as fuel systems, cooling systems, and fuel injection nipples. High performance polyamides have the ability to withstand extreme conditions such as long-term exposure to chemicals, heat, and moisture. These high performance polyamides are highly used in industrial, medical, and other applications.

Recent strategic developments in the high performance polyamide market

The high performance polyamide market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2022, Solvay launches sustainable high performance polyamide Kalix 10000. Kalix 10000 is a partially bio-based material produced using 100% renewable electricity in addition to renewable, non-food-competitive raw materials.
  • In August 2022, Toray launched Toraypearl PA6 Polymer. Polyamide 6 particle offers high strength, heat resistance, and surface smoothness for powder bed fusion 3D printers.
  • In April 2021, Arkema started a new bio-based polyamide 11 plant in Singapore.

The high performance polyamide market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Arkema, BASF SE, Koninklijke DSM N.V., Kuraray Co., Ltd., and LANXESS are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • High performance polyamide -related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of high performance polyamide
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • PA 11
    • PA 12
    • PA 46
    • PA 9T
    • Others
  • End-Use Industry:
    • Automotive
    • Industrial
    • Medical
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Arkema
    • BASF SE
    • Koninklijke DSM N.V.   
    • Kuraray Co., Ltd.  
    • LANXESS   

Companies profiled

- Arkema

- BASF SE

- Koninklijke DSM N.V.

- Kuraray Co., Ltd.

- LANXESS

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