The polyamide resin industry is anticipated to grow from US$ 4.6 billion in 2022 to US$ 6.7 billion in revenue by 2032, with a CAGR of 3.5% over the forecast period (2022-2032).
Polyamide resins are synthetic polymers characterized by their excellent mechanical properties, resistance to heat and chemicals, and outstanding wear and abrasion resistance. They are widely used in various forms, such as fibers, films, and engineering plastics. The market for polyamide resins has been expanding steadily, driven by factors such as technological advancements, increasing demand for lightweight and durable materials, and their eco-friendly nature.
The need for polyamide resins is rising, in part due to the traditional resins’ replacement of polyamide resins as well as the growing acceptance of bio-based polyamide resins. In addition, due to the growing use of recycled polyamide resins throughout the projection period, sales of polyamide resins rose substantially.
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Polyamide resins are a type of micro-molecular polycondesed compound, which prepared by the vegetable oil at the presence of unsaturated fatty acid dimer and polyamine. Polyamide resins have active groups, hydroxyl groups, and amide.
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.
Top Key Players
- 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
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.
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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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