The polyamide market is projected to grow from USD 43.8 billion in 2023 to USD 55.7 billion by 2028, at a CAGR of 4.9% from 2023 to 2028. The increasing applications of polyamide in the automotive sector have led to the growth of overall polyamide market. Polyamides are used in the production of various parts in a car such as air intake manifolds, engine covers, coupling parts and door handles.
Companies such as BASF SE (Germany), Envalior (Germany), Celanese Corporation (US), Arkema (US), and Evonik Industries AG (Germany), fall under the winners’ category. These are leading players in the polyamide market, globally. These players have adopted the strategies of new product launches, acquisitions, expansions, partnerships, collaborations, agreements and investments to increase their market shares.
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BASF SE, is Germany’s largest chemical producer, operates production sites in Ludwigshafen (Germany) and Antwerp (Belgium), supplying polyamide and polyamide intermediates to customers in Europe and Asia. Its production sites across NAFTA countries supply polyamide to customers within the region. It develops and markets ingredients & additives for industrial applications, such as fuel & lubricant solutions, polymer dispersions, resins, electronic materials, antioxidants, light stabilizers, oilfield chemicals, and mineral processing & hydrometallurgical chemicals. With 390 production facilities across Europe and operations in more than 90 countries through its subsidiaries, BASF has a strong global presence in North America, Asia Pacific, South America, Africa, and the Middle East.
Envalior, a global engineering materials leader formed from the merger of DSM Engineering Materials and LANXESS High Performance Materials, offers a unique portfolio of brands, recycled and bio-based materials, and deep application and materials expertise. With a strong global footprint in Asia, Europe, and North America, Envalior's high-performance solutions support the transformation of major industries, including automotive and new mobility, electronics and electrical, and consumer products, operates through three divisions namely specialty materials, performance materials, and intermediates and has 32 manufacturing and R&D centers worldwide, providing high-performance solutions to the sectors.
Celanese is a multinational chemical and specialty materials company renowned for its engineering and production of diverse products. The company operates in two business segments, namely engineered materials, and acetyl chains. Its engineered materials segment, offers a comprehensive range of performance-driven plastics and materials and engineered plastics and materials are specifically developed to solve a wide range of challenges, including lightweight, dimensional stability, impact resistance, low friction and wear, and low moisture absorption. It has established a global footprint, operating across diverse regions, including Europe, Africa, Asia Pacific, and the Americas.
Arkema is one of the leading manufacturers of resins and additives with a product portfolio of paints, varnishes, and lacquers solutions. It operates business through four reportable segments, namely adhesive solutions, coating solutions, advanced materials, intermediates, and corporate. It offers polyamides under advanced materials segment, which includes high performance polymers and performance additives. It has a strong focus on R&D in developing electric mobility, offering a range of materials which enhance the performance of batteries. Arkema is expanding its footprint in production and R&D across Europe, North America, and Asia.
Evonik Industries AG
Evonik Industries AG is one of the leading specialty chemical manufacturers. The company operates through its six business segments, namely, smart materials, specialty additives, nutrition & care, performance materials, technology & infrastructure, and enabling functions, other activities, consolidation. It offers polyamide materials under the smart materials segment. It has multiple production units across Germany, US. Its R&D centers are located in New Jersey, Indiana, Pennsylvania, Maryland, North Carolina, Alabama, Istanbul, Bangkok, South Korea, Singapore, Kawasaki, Mumbai, Shanghai, Antwerp, Hamburg, and Halle. The company operates in more than 100 countries located across the regions such as Australia, North America, South America, Europe, Asia Pacific, and Africa.
Polyamide Market by Type (Polyamide 6, Polyamide 66, Bio-Based & Specialty polyamide), Application (Engineering Plastics, Fiber), and Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2028
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