The market for polyamide resins is expected to expand significantly, with revenues expected to reach about US$ 6.7 billion by 2032, up from US$ 4.6 billion in 2022. Between 2022 and 2032, the market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 3.5%.
The demand for polyamide resins is rising for a variety of reasons. The continuous transition in many sectors from conventional resins to polyamide resins is an important driver. Due to their distinct qualities and adaptability, polyamide resins are desirable substitutes for conventional resins in a variety of applications.
Moreover, the rising popularity of bio-based polyamide resins is also fueling market growth. As environmental concerns become more prominent, industries are increasingly seeking sustainable and eco-friendly materials. Bio-based polyamide resins, derived from renewable sources like vegetable oil, address these concerns and find growing acceptance in the market.
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Primarily, it acts as curing agent and plasticizer for epoxy resins due to having a wide range of properties such as – flexibility, water resistance, wear resistance, corrosion resistance, better insulation and adhesion properties, etc. The polyamide resins are available in pellets as well as liquid form.
On the basis of its functional group, polyamide resins have two types which are – dimer acid–based (DAB) polyamide resins and polyamide-epichlorohydrin resins. Polyamide resins have a wide range of application across numerous end-use industries such as automotive, chemical, fiber, textile, electronics and electrical, inks, and among others
Global Polyamide Resins Market: Market Dynamic
The versatility of the flexographic printing market is a key factor which fuels the growth of the global polyamide resins market. In spite of e-books and internet having increased tremendously from last decade, the demand for magazines, newspapers, books, is also growing on a sound rate.
The demand from paper print sector will in turn fuel the global polyamide resins market growth. Additionally, polyamide resins demand is also expected to be augment form its use as a paper based packaging material whose end usage has rapidly grown in the recent times.
Polyamide resins have superior properties such as it provides the high clarity to the printing. Owing to this, polyamide resins mostly preferable in the flexographic printing inks. Other advantages associated with polyamide resins are – it enhances gel recovery, has effective anti-blocking properties, water resistance properties, ester resistance properties, etc. All aforementioned advantages further drive the global polyamide resins market over the forecast period i.e. 2022-2032.
However, the stringent environmental regulations on polyamide resins will hamper the global polyamide resins market growth. For instance, polyamide resins listed under the various regulations such as – Toxic Substances Control Act (USA), Domestic Substances List (Canada), The Philippine Inventory of Chemicals and Chemical Substances (Philippine), Australian Inventory of Chemical Substances (Australia), Existing and New Chemical Substances (Japan), and China’s chemical inventory of existing chemical substances, etc.
Global Polyamide Resins Market: Industry Participants
The global polyamide resins market is a highly fragmented market owing to the presence of small as well as international market players at the regional level. Few of them are identified across the value chain of polyamide resins market which is – Solvay SA, Toyobo Co., Ltd., Mitsubishi Chemical holdings, The Ensinger Group, Merck KGaA, RI Chemical Corporation, Gabriel, MPD Industries Pvt. Limited, Arizona Chemical, The Dow Chemical Company, AnqingHongyu Chemical Co., Ltd, Jinan Tongfa Resin Co., Ltd., RITEKS, Cytech Coatings Private Limited, Thomas Swan & Co. Ltd., and among others
The global polyamide resins research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Global Polyamide resins market also contains projections using a suitable set of assumptions and methodologies.
The research report on global Polyamide resins market provides analysis and information according to market segments such as geographies, application, and industry.
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Key Segments Profiled in the Polyamide Resins Market Survey
By Product Type:
- Dimer Acid–Based (DAB) Polyamide Resins
- Polyamide-epichlorohydrin Resins)
By Product Form:
- Pellets
- Liquids
By End Use:
- Inks
- Paints & coating
- Automotive
- Chemical
- Fiber and Textile
- Electrical & Electronics
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
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