High Performance Polyamides Market

High Performance Polyamides Market by Polyamide Type (PA 11, PA 12, PA 46, PA 9T), Manufacturing Process (Injection & Blow Molding),End-use Industry (Automotive, Electrical & Electronics, Industrial, Medical), and Region - Global Forecast to 2026

Report Code: CH 4992 Jul, 2021, by marketsandmarkets.com

[236 Pages Report] The HPPAs market size is projected to grow from USD 2.8 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 7.4%. The HPPAs industry is growing due to the rise in demand for various applications from various industries, globally. The demand for HPPAs showed decline in 2020 due to COVID-19. However, the end of lockdown and recovery in the end-use industries will stimulate the demand during the forecast period. 

High Performance Polyamides Market

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Impact of COVID-19 on global HPPAs market

The HPPAs market is has witnessed a decline in 2020 due to the COVID-19 pandemic. This deadly virus has adversely affected the entire globe, especially the North American and European regions. To prevent the further spread of this virus, companies have shut down their operations and manufacturing facilities. This has led to a reduction in the consumption of HPPAs across automotive, electrical & electronics, industrial, medical, other end-use industries.

Market Dynamics of global HPPAs market

Increasing demand from the automotive end-use industry to drive the demand for HPPAs

In the automotive industry, HPPAs is used to manufacture multitudes of under the hood components, such as hoses and gear shift modules. HPPAs are lightweight, offer good thermal and chemical resistance, dimensional stability, and chemical resistance. These are good fire retardants and emit low smoke and hence preferred in the aerospace industry as well.

The automotive industry requires high strength-to-weight ratio, as it determines the vehicle's performance. This is why the industry relies on advanced materials such as HPPAs to replace metals without compromising the strength and safety of the vehicle. The recovery in automotive industry post Covid-19 era is expected to drive the HPPAs market.

Higher costs compared to traditional substitutes is a major restrain for the HPPAs market

Manufacturing HPPAs requires high investment due to a more complex process than any other plastic, such as conventional polyamides. HPPA products are manufactured at high temperatures and require technical expertise. The high cost of plastics adds to the production cost, limiting their applicability and restraining market growth. The high cost of production also restricts the entry of small- and mid-level players into the market, which acts as a deterrent to the growth of the HPPAs market.

Emerging applications in automotive and electrical industries is one of the major opportunity for the HPPAs market

For the past years, HPPAs have been gaining wide acceptance in the automotive and electrical industries. Due to continuous R&D in both HPPAs and application industries, the application range of HPPAs is on the rise. These developments open new opportunities for application on HPPAs in the automotive industry. HPPAs are used to make many under the hood components in vehicles, such as fuel systems, cooling systems, and fuel injector nipples. Recently, Audi tested HPPAs as a material substitute to metals in its gearbox assembly. This will prove to be a turning point in application range of HPPAs in the automotive industry.

In electrical industry, HPPAs were used for high voltage application and microelectronics. Excellent thermal, electrical, mechanical, and chemical properties combined with high thermal stability, high glass transition temperature, low dielectric constant, and overall good electrical insulation properties make them optimal for electrical applications. With the need for novel electrical applications, HPPAs have proved to be optimal solutions suitable even for many types of integrated circuits.

Difficulty in processing is a major challenge for the HPPAs market

One of the major challenges faced by HPPA manufacturers is the lack of quality compounders and distributors. A high level of technical expertise is required for the compounding or processing of HPPAs. The compounding of HPPAs is much more complex than that of conventional polyamides or any other type of plastic and requires specialized equipment and setup. HPPAs also absorb moisture during the manufacturing process; hence the humidity of the manufacturing plant is to be maintained carefully. HPPAs tend to show volumetric shrinkage when cooled, especially for thickness above 6mm.

Market recovery post COVID-19

The COVID-19 outbreak has drastically altered the demand for HPPAs across the globe due to a decline in demand from the automotive, electrical & electronics, industrial, medical, and other end-use industries. The pandemic has abruptly interrupted the operations and global supply chain across various industries, which in turn has slowed down the growth of the HPPAs market. Various countries have imposed lockdown to prevent the further spread of the virus. Europe and North America are the most severely affected regions due to COVID-19. Companies need to cope with this sudden impact brought by the pandemic and have to efficiently work on their supply chain and improve their distribution network to capture the demand for HPPAs in the near future and tackle the sudden fluctuations in the market.

Need to maintain uninterrupted supply chain and operate at full capacity post COVID-19

The global automotive, electrical & electronics, industrial, medical and other end-use industries have witnessed adverse and immediate consequences of the COVID-19 pandemic. These are some of the worst-affected industries, and the biggest challenge for HPPAs manufacturers is to resume the projects and production at their original capacities and make up for the revenue loss and damage caused by the pandemic. The COVID-19 pandemic has created ripples across the global HPPAs industries due to the closure of national and international borders, leading to disrupted supply chains. The challenges in the current and future scenarios for the HPPAs industry are to ensure the smooth flow of global supply chains, responsible for rapidly transporting materials and components across borders. These applications have to make up for the delays or non-arrival of raw materials.

High Performance Polyamides Market by Region

APAC held the largest market share in the HPPAs market

APAC accounts for the biggest share of the global HPPAs market. The automotive, and electrical & electronics are the major consumers of HPPAs in the region. North America is the second major consumer of HPPAs electrical, industrial, medical are the major industries fueling the growth of the HPPAs market in this region.

Key Market Players

The key players in the global HPPAs market are:

  • Royal DSM NV (Netherlands)
  •  E.I. du Pont de Nemours and Company (US)
  •  SABIC (Saudi Arabia)
  •  BASF SE (Germany)
  •  Evonik (Germany)
  •  Arkema SA (France)
  •  Saudi Arabia Basic Industries Corporation (Saudi Arabia)
  •  Lanxexx (Germany)
  • Toray Industries Inc. (Japan)

These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the HPPAs industry. The study includes an in-depth competitive analysis of these key players in the HPPAs market, with their company profiles, recent developments, and key market strategies. 

Scope of the report

Report Metric

Details

Years considered for the study

2018–2026

Base year

2020

Forecast period

2021–2026

Units considered

Value (USD Million), Volume (Kiloton)

Segments

Polyamide Type, Manufacturing Process, End-use Industry and Region

Regions

Europe, North America, APAC, MEA, and South America

Companies

Royal DSM NV (Netherlands), E.I. du Pont de Nemours and Company (US), SABIC (Saudi Arabia), BASF SE (Germany), Evonik (Germany), Arkema SA (France), Saudi Arabia Basic Industries Corporation (Saudi Arabia), and Lanxexx (Germany) are some of the key players in the market.

This research report categorizes the HPPAs market based on polyamide type, manufacturing process, end-use industry, and region.

By Polyamide Type:

  • PA 11
  • PA 12
  • PA 46
  • PA 9T
  • PARA
  • PPA
  • Others

By Manufacturing Process:

  • Injection Molding
  • Blow Molding

By End-use Industry:

  • Automotive
  • Electrical $ Electronics
  • Industrial
  • Medical
  • Others

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • South America

Recent Developments

  • In 2019, Royal DSM expands its India business by the acquisition of SRF Ltd. for its specialty materials business. With this expansion, the company strengthened and expanded its geographical presence in materials market.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction  
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Market Scope
            1.3.1. Markets Covered
            1.3.2. Years Considered in the Report
    1.4. Currency
    1.5. Unit considered
    1.6. Limitations
    1.7. Stakeholders
    1.8. Summary of changes

2 Research Methodology
    2.1. Market Share Estimation
           2.1.1. Secondary Data
                    2.1.1.1. Key Data from Secondary Sources
           2.1.2. Primary Data
                    2.1.2.1. Key Data from Primary Sources
                    2.1.2.2. Key Industry Insights
                    2.1.2.3. Breakdown of primary interviews
    2.2. Market Size Estimation
           2.2.1. Bottom-Up Approach
           2.2.2. Top-Down Approach
    2.3. Market Breakdown & Data Triangulation
    2.4. Research Assumptions
    2.5. Limitations
    2.6. High Performance Polyamide Market- Forecast to 2026, Risk Assessment

3 Executive Summary

4 Premium Insights 
    4.1. Significant Opportunities in High Performance Polyamide Market, 2020–2026
    4.2. High Performance Polyamide Market, By Type
    4.3. High Performance Polyamide Market, By End-Use Industry
    4.4. High Performance Polyamide Market, By Country

5 Market Overview  
    5.1. Introduction
    5.2. Market Dynamics
           5.2.1. Drivers
           5.2.2. Restraints
           5.2.3. Opportunities
           5.2.4. Challenges
    5.3. Porter's Five Forces Analysis
           5.3.1. Bargaining Power of Suppliers
           5.3.2. Bargaining Power of Buyers
           5.3.3. Threat of New Entrants
           5.3.4. Threat of Substitutes
           5.3.5. Degree of Competition
    5.4. Value Chain Analysis
    5.5. Supply Chain Analysis
    5.6. Impact of COVID-19 on High Performance Polyamide Value Chain
    5.7. Technology Analysis
    5.8. Pricing Analysis
    5.9. Patent Analysis
    5.10. Tariff and Regulations
    5.11. Key Markets for Import/Export
    5.12. Raw Material Analysis
    5.13. Ecosystem: High Performance Polyamide Market
    5.14. Case Study Analysis
    5.15. Impact of COVID -19 on High Performance Polyamide Market

6 High Performance Polyamide Market, By Type 
    6.1. Introduction
    6.2. PA 11
    6.3. PA 12
    6.4. PA 46
    6.5. PA 9T
    6.6. PARA
    6.7. PPA

7 High Performance Polyamide Market, By End-Use Industry 
    7.1. Transportation
    7.2. Electrical & Electronics
    7.3. Medical
    7.4. Industrial
    7.5. Others

8 High Performance Polyamide Market, By Manufacturing Process
    8.1. Injection Molding
    8.2. Blow Molding

9 High Performance Polyamide Market, By Region
    9.1. Introduction
    9.2. North America
    9.3. Europe
    9.4. Asia Pacific
    9.5. Middle East & Africa
    9.6. South America

10 Competitive Landscape 
     10.1. Introduction
     10.2. Market Share Analysis
     10.3. Market Ranking
     10.4. Market Evaluation Matrix
             10.4.1. Product Launches and Developments
             10.4.2. Expansions
             10.4.3. Agreements, Collaborations, Joint Ventures, And Partnership
             10.4.4. Mergers & Acquisitions
     10.5. Strength of Product Portfolio
     10.6. Business Strategy Excellence

11 Company Profiles * (Business Overview, Products Mix, Recent Developments, SWOT Analysis, MnM view)
     11.1. Introduction
     11.2. Arkema SA
     11.3. BASF SE
     11.4. Evonik Industries AG
     11.5. Kuraray Co., Ltd.
     11.6. Royal DSM N.V.
     11.7. Solvay S.A.
     11.8. Others
*Details Might Not Be Captured in Case of Unlisted Companies.
Note: This is the tentative list, we will provide you the company profiles of major companies in this market.  

12 Appendix

The study involves two major activities in estimating the current size of the HPPAs market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Factiva, were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The HPPAs market comprises several stakeholders, such as raw material suppliers, manufacturers, end-product users, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of mainly end-use industries including automotive, electrical & electronics, industrial, medical, and others. Advancements in technology and diverse applications in various end-use industry describe the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.  

Following is the breakdown of primary respondents:

High Performance Polyamides Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total HPPAs market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall HPPAs market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the automotive, electrical & electronics, industrial, medical, and others end-use industries.

Report Objectives

  • To analyze and forecast the global HPPAs market size, in terms of volume and value
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze the market segmentation and forecast the market size based on polyamide type, manufacturing process, and end-use industry
  • To analyze and forecast the market size based on five main regions, namely, Asia Pacific (APAC), Europe, North America, Middle East & Africa (MEA), and South America
  • To analyze the market with respect to individual growth trends, prospects, and contribution of submarkets to the total market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To analyze competitive developments such as expansions, partnership, agreement, new product/technology launch, joint venture, contract, and merger & acquisition in the market
  • To profile key players and comprehensively analyze their market share and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of Rest of APAC HPPAs market
  • Further breakdown of Rest of European HPPAs market
  • Further breakdown of Rest of North American HPPAs market
  • Further breakdown of Rest of MEA HPPAs market
  • Further breakdown of Rest of Latin American HPPAs market  

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)
COVID-19

Get in-depth analysis of the COVID-19 impact on the High Performance Polyamides Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the High Performance Polyamides Market

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Report Code
CH 4992
Published ON
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