The global polyamide resin market is expected to reach around US$ 6.7 billion in revenue by 2032, up from US$ 4.6 billion in 2022, and at a CAGR of 3.5% during the forecast period (2022-2032).
The substitution of polyamide resins for traditional resins, as well as the growing popularity of bio-based polyamide resins, are driving up demand for polyamide resins. Aside from that, sales of polyamide resins surged substantially throughout the projection period due to increased adoption of recycled polyamide resins.
Polyamide resins are a form of micro-molecular polycondensed substance made from vegetable oil and unsaturated fatty acid dimer and polyamine. Active groups, hydroxyl groups, and amide are all present in polyamide resins.
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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.
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Global Polyamide Resins Market: Regional Outlook
Geographically, Europe is anticipated to be a significant platform for polyamide resins manufactures as it accounts around 60% market in term of label manufacturing which consumes ink in a huge volume. Further, Asia Pacific is expected to witness the maximum growth in term of polyamide resins primarily due to the growth in the automotive and chemical industry in the developing economies such as India and China.
The demand for polyamide resins expected to upsurge in developing economies due to increasing disposable incomes, changing lifestyle which has increased the usage of packed food in these countries, growing retail industry, etc. Furthermore, North America and Middle East & Africa expected to grow at a moderate growth rate towards the end of the forecast period
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 Segmentation
By Product Type:
- Dimer Acid–Based (DAB) Polyamide Resins
- Polyamide-epichlorohydrin Resins)
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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