PUBLISHER: IMARC | PRODUCT CODE: 1722636
PUBLISHER: IMARC | PRODUCT CODE: 1722636
The global polyamide market size reached USD 35.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 56.5 Billion by 2033, exhibiting a growth rate (CAGR) of 5.03% during 2025-2033. The growing automotive industry demand, expanding electrical and electronics industry, and ongoing advancements in polyamide technology are primarily driving the market's growth.
Polyamide, or nylon, refers to a high-performance polymer that comprises repeated units in the molecular chain linked together by recurring amide groups. It can be procured naturally from wool and silk or can be processes synthetically through nylon, polyamide 6, and aramids. Polyamide possesses a broad range of features, such as high temperature, durability, abrasion, and tensile strength, low-gas permeability, and enhanced chemical and electrical resistance. On account of these properties, it is widely used as a key component for manufacturing switches, plugs, sockets, pumps, home textile materials, backpacks, coatings, and paintings. At present, polyamide is commercially available in bio and specialty polyamide types.
The widespread adoption of polyamide over metal across the automotive sector to produce interior, structural, and technical components of vehicles can be attributed to the increasing need for lightweight, safe, durable, and economical plastics. Polyamides are extensively employed for manufacturing glass-reinforced plastic-based structural parts, air intake manifolds, airbag containers, cooling systems, and rock valve covers in automobiles, which, in turn, represents the key factor primarily driving the market growth. In line with this, the increasing awareness regarding the various beneficial properties of polyamide, including superior balance, low water absorption, and high chemical and heat abrasion, is further facilitating its incorporation in various electronic devices, such as bobbins, laptops, smartwatches, relays, and three-dimensional (3D) circuits for fabrication purposes. This is acting as another major growth-inducing factor. Additionally, the rising environmental awareness amongst consumers has prompted manufacturers to invest in research and development (R&D) activities to introduce specialty and castor oil-based bio-polyamide, which is also contributing to the market growth. Apart from this, the increasing product application in the packaging, machinery, textiles, and consumer goods industry as a shielding material in trays and conveyer systems is positively stimulating the market growth.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., Asahi Kasei Corporation, BASF SE, DuPont de Nemours Inc., Evonik Industries AG, Gujarat State Fertilizers & Chemicals Limited (GSFC), Huntsman International LLC, Koch Industries Inc., Koninklijke DSM N.V., Lanxess AG, Mitsubishi Chemical Corporation, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Solvay S.A. and Toray Industries Inc.