Polyamide Resins Market by Type and Geography - Global Forecast and Analysis 2019-2023

The global polyamide resins market size will grow by USD 2.29 billion during 2019-2023. This market report provides a detailed analysis of the market by type (reactive polyamide resins and non-reactive polyamide resins) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Arkema SA, BASF SE, Celanese Corp., DuPont de Nemours Inc., Evonik Industries AG, Koninklijke DSM NV, Mitsubishi Chemical Holdings Corp., Solvay SA, Toray Industries Inc., and Unitika Ltd.

Key Insights on Polyamide Resins Market - Global Forecast 2019-2023

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Industry Overview

The rising adoption of recycled polyamide resins has been identified as one of the critical polyamide resins market trends. Growing environmental concerns among consumers have driven companies across the world to adopt recycled polyamide resins. To cater to this growing demand, several market vendors, including Solvay, BASF, DOMO Chemicals GmbH (DOMO Chemicals), and Koninklijke DSM are offering recycled polyamide resins. For instance, Econamid, a range of recycled polyamide resins offered by DOMO Chemicals is produced from sustainable feedstock derived from manufacturing of film, fiber, and yarn. Companies, such as Alfred Kärcher GmbH and Co. KG (Alfred Kärcher) are also using Technyl 4earth high quality recycled polyamide resins developed by Solvay for molding spray lances of their high-pressure cleaners. The increasing adoption of recycled polyamide resins is expected to fuel the growth of the market throughout the next five years.

According to this polyamide resins market research report, the replacement of conventional resins by polyamide resins will also be a significant factor contributing to the market growth. The superior properties of polyamide resins have resulted in its increased preference over conventional resins for various applications. For instance, the high temperature and electrical resistance of polyamide resins, such as nylon 66 make it ideal for use as high-performance plastics in automotive and transportation, electrical and electronics, and consumer goods applications. Polyamide resins are also increasingly replacing plastic-based packaging material, such as LDPE and PS in the packaging industry. Polyamide 6 is widely preferred for packaging various food products because of its mechanical strength, thermoformability, transparency, and barrier properties. Moreover, polyamide resins are increasingly being used in chemical plants to prevent the leakage of explosive and hazardous chemicals. The increasing preference of polyamide resins over conventional resins will drive the growth of the market at a CAGR of almost 6% during the forecast period.

Top Companies in Polyamide Resins Market

The global market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this polyamide resins market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

The report offers a detailed analysis of several polyamide resin manufacturers, including:

• Arkema SA
• BASF SE
• Celanese Corp.
• DuPont de Nemours Inc.
• Evonik Industries AG
• Koninklijke DSM NV
• Mitsubishi Chemical Holdings Corp.
• Solvay SA
• Toray Industries Inc.
• Unitika Ltd.

Market Segmentation

Polyamide Resins Market by Type

• Reactive polyamide resins
• Non-reactive polyamide resins

The reactive polyamide resins segment will account for the highest polyamide resins market share. The rising demand for paints and coatings because of the increasing number of residential and non-residential construction projects will be one of the significant factors driving the growth of the polyamide resins market in this segment. This market research report provides an accurate prediction of the contribution of all the segments to the growth of the polyamide resins market size.

Polyamide Resins Market by Region

• APAC
• Europe
• MEA
• North America
• South America

With a complete study of the growth opportunities for the companies, it has been identified that Europe will account for the highest share of the polyamide resin market throughout the forecast period. Factors such as increasing automobile sales and establishment of new production plants will fuel the polyamide resins market growth in this region.

Major Highlights of the Polyamide Resins Market - Global Forecast 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the polyamide resins market during the next five years
• Precise estimation of the global polyamide resin market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the polyamide resins industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of polyamide resins companies

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