The global polyamide resins market is estimated to grow at a CAGR of nearly 6% during the forecast period. Superior properties of polyamides and emerging demand for recycled polyamide resins are primarily contributing to the growth of the market. Polyamides (Nylon) possesses high temperature and electrical resistance properties. It shows excellent chemical resistance owing to the crystalline structure. Polyamides contain very good barrier and mechanical properties and can easily be flame retarded. All polyamides tend moisture absorption as it belongs to the amide chemical group. A comprehensive range of polyamides are semi-crystalline and are normally very strong materials with better chemical and thermal resistance.
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Polyamides can be applied in high-temperature settings. The different types of polyamides offer a comprehensive range of properties with the melting point, specific gravity, and moisture content tend to reduce with the increasing number of polyamides. Generally, the flexibility and impact resistance of polyamides likely to increase with moisture content, whereas the toughness reduces. The degree of moisture content relies on temperature, part thickness, and crystallinity. Preconditioning can be used for the prevention of adverse effects associated with absorption of moisture during service. Polyamides tend to offer better resistance to several chemicals, although cannot be resistant to strong alkalis, acids, and alcohol.
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Owing to these superior properties, it is being significantly used in automotive and electrical and electronics applications. There are nearly 30,000 components in a vehicle of which one-third are produced from plastic. Nearly 39 different kinds of basic plastics in a vehicle are used in automobiles. Most commonly used plastics in an automobile include polyamides, polyurethane, polypropylene, and polyvinyl chloride. Nylon offers superior mechanical properties and flexibility that has led its applications in the automotive industry.
In the automotive industry, it is used in the air intake, cooling fans, wire and cable jacketing, turbo air ducts, brake and power steering reservoirs, gears for windshield wipers and speedometers, and valve and engine covers. Nylon is also used in several electrical/electronic components such as plugs and antenna-mounting devices, switches, and sockets. Rising demand for engineering thermoplastics is also a major factor encouraging the adoption of polyamide resins. Polyamide resins are among the most important classes of engineered thermoplastics and are generally recyclable, which, in turn, is contributing to the market growth.
Market Segmentation
Global Polyamide Resins Market by Product Type
• Polyamide 6
• Polyamide 6,6
• Polyamide 6,12
• Polyamide 11
• Others
Global Polyamide Resins Market by End-Use Industry
• Inks, Paints and Coatings
• Automotive
• Aerospace
• Chemical
• Electrical and Electronics
• Textile
• Packaging
• Others
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Arkema S.A.
• Ascend Performance Materials Operations LLC
• BASF SE
• Celanese Corp.
• Cytech Coatings Pvt. Ltd.
• DOMO Chemicals GmbH
• DuPont de Nemours, Inc.
• Ensinger GmbH
• Evonik Industries AG
• Gabriel Performance Products
• Innotek Technology (China) Ltd.
• Kermel
• Koch Industries, Inc.
• Koninklijke DSM N.V.
• Kraton Corp.
• Kuraray Co., Ltd.
• Lanxess AG
• Merck KGaA
• Mitsubishi Chemical Corp.
• MPD Industries Pvt. Ltd.
• Nilit Ltd.
• PolyOne Corp.
• Radici Partecipazioni SpA
• RI Chemical Corp.
• RTP Co.
• Thomas Swan & Co. Ltd.
• Toray Industries, Inc.
• Toyobo Co., Ltd.
• Unitika Ltd.
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