The Europe Polyamide market demand stood at nearly 1900 thousand tonnes in 2023 and is expected to grow at a CAGR of 4.62% during the forecast period until 2034.
Polyamide, a synthetic polymer characterized by its recurring amide linkages, boasts a wide range of applications across industries. While occurring naturally in proteins, wool, and silk, it is also artificially synthesized into various forms including nylons, solidum poly, and aramids. Its remarkable durability and strength make it a favoured material for processing fibers in textiles, films in electrical and electronics, and engineering plastics in automotive manufacturing. Polyamides are extensively utilized in crafting casings for televisions, laptops, mobile phones, and other electronic gadgets. Their versatility extends to the production of connectors, switches, relays, components for 3D circuits, spools, and various computer parts, thanks to their minimal water absorption, optimal balance, and exceptional resistance to chemicals, heat, and abrasion. Based on type, Polyamide market is divided into Polyamide 6 and Polyamide 6,6. Polyamide 6 is crucial in textiles, providing strength and durability to fabrics, sportswear, and clothing. It's also pivotal in engineering plastics, forming tough components like gears and bearings. In automotive applications, its lightweight yet robust properties make it ideal for parts like engine covers and fuel tanks.
The demand for Polyamide in Europe is likely to register a moderate growth. The demand for Polyamide in Europe is expected to see a moderate increase due to several factors. Firstly, the automotive industry, which is a significant consumer of Polyamide for manufacturing various components, is projected to witness steady growth. In 2022, Europe represented a quarter of the global consumption of polyamide (PA) in terms of volume. The versatile characteristics of polyamide make it applicable across various sectors such as automotive, packaging, and electrical and electronics. Germany emerged as the largest market, experiencing a high growth. This growth is driven by the electrical and electronics as well as automotive industries, which collectively accounted for the highest portion of the market share by volume. The increased demand for electronic devices can be attributed to the adoption of remote work models and the establishment of home offices. Furthermore, the, following extensive negotiations, has led to a surge in electric vehicle sales. This shift towards electric vehicles is expected to positively impact the consumption of polyamides in the region. Additionally, the construction sector, another key market for Polyamide, is anticipated to experience moderate expansion, driving demand for Polyamide-based materials in applications such as pipes, cables, and insulation. Moreover, the growing focus on sustainability and environmental regulations in Europe is likely to lead to the adoption of Polyamide as a replacement for traditional materials in various industries, further boosting its demand. In conclusion, the Europe Polyamide market is likely to reach roughly 3200 thousand tonnes in 2034.
Based on the end-user industry, the Europe Polyamide market is segmented into Textiles, Automotive, Electricals & Electronics, General Industries, and Others. The largest market share of Polyamide goes in Electrical & Electronics sector, which was about 32% in the year 2023. Automotive industry plays the second largest sector. Consumers are choosing electric vehicles as a result of government regulations concerning the manufacturing and production of internal combustion engines. Consequently, there's an anticipated rise in polyamide sales in the area due to increased production of EVs and vehicles adhering to the latest lightweight and higher fuel efficiency standards.
Major players in the Europe Polyamide market are BASF SE, Celanese Corporation, Domo Chemicals, DSM, Grodno Azot, Grupa Azoty S.A., Koch Industries, Inc., KuibyshevAzot, LANXESS, Radici Partecipazioni SpA, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Europe Polyamide which covers production, demand and supply of Polyamide market in Europe.
• To analyse and forecast the market size of Europe Polyamide
• To classify and forecast Europe Polyamide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Polyamide market in Europe.
To extract data for Europe Polyamide market, primary research surveys were conducted with Polyamide manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Europe Polyamide market over the coming years.
ChemAnalyst calculated Polyamide demand across the Europe region by analysing the volume of Polyamide consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polyamide manufacturers and other stakeholders
• Organizations, forums and alliances related to Polyamide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polyamide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Europe Polyamide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
1900 thousand tonnes
Market size Volume by 2034
3200 thousand tonnes
Growth Rate
CAGR of 4.62% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2023
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By Type: Polyamide 6 and Polyamide 6,6
By End-Use: (Textiles, Automotive, Electricals & Electronics, General Industries, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Germany, Italy, France, Belgium, Sweden and the Rest of Europe.
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What was the size of Europe Polyamide market in terms of volume in 2023?
Ans:
The size of Europe Polyamide market has grown significantly in the historic period and reached approximately 1900 thousand tonnes in 2023.
Q2.
Which industry is dominating the Europe Polyamide market?
Ans:
Electricals & Electronics industry is dominating the Europe Polyamide market in with a share of roughly 30% in 2023.
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