The India Polyamide market has reached around 205 thousand tonnes in FY2023 and is expected to further grow at a CAGR of 4.6% during the forecast period until FY2034.
Polyamide is a is a synthetic polymer with repeating amide linkages. It occurs naturally as protein, wool and silk whereas artificially as nylons, solidum poly and aramids. The high durability and strength offered by Polyamides makes it a supreme preference for fiber processing in textile, film processing in electrical and electronics and processing of engineering plastics for automotive industry. Tv, laptop, mobile phone, and other electronic device cases are made of polyamides. They can be used to produce connectors, switches, relays, sections of 3D circuits, spool, and other computer parts because of their low water absorption, good balance, and great chemical, heat, and abrasion resistance.
India is witnessing in the growth of the textile industry is the primary reason for the expansion of the polyamide market in India. This is mainly due to the high tensile strength of this product. Also, the growing usage of polyamide in automobile sector also contributes significantly to the expansion. Polyamide is used to make a variety of interior and exterior vehicle components, including air intake manifolds, engine covers, rocker valve covers, airbag canisters, and structural pieces made of glass-reinforced polymers. Polyamide blends replace metal parts in automobiles to lower the vehicle weight and increase fuel efficiency. Increasing sale of electric vehicles are anticipated to bolster the polyamide demand even further. Also, the electrical & electronics industry's growing use of polyamide in the form of heat conducting polyamides is anticipated to drive the India polyamide market during the forecast period.
Based on type, the India Polyamide market is divided into Polyamide 6 and Polyamide 6,6. Polyamide 6 injection moulding is used in the construction industry, automotive, electronics, industrial/machinery, consumer products and utilities, and other end uses. Because to Polyamide 6,6's durability, excellent electrical insulating capabilities, and noise-dampening traits, its fibres are extensively utilised in the creation of textiles and garments, fabrics, carpets, and industrial yarns.
Based on region, the India Polyamide Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2023, West India portrayed the key consumer. West India has been the major region in terms of consumption of Polyamide for a wide array of uses due to the presence of leading textile manufacturers situated in Gujarat and Maharashtra.
Based on end-use industry, the India Polyamide market is segregated into different industrial sectors such as Textiles, Automotive, Electricals & Electronics, General Industries, and Others. Among these, Textiles is dominating the segment of Polyamide. This industry consumed approximately 35% of the Polyamide market in FY2023.
Some of the domestic players operating in India Polyamide market are Gujarat State Fertilizers & Chemicals Limited, Sarla Performance Fibers Ltd. (SPFL), SRF Limited, Century Enka Limited, and Toray Industries India Limited. Global players in the Polyamide market are BASF SE, Fujian Shenyuan new materials co. ltd, Guangdong Xinhui Meida Nylon Co., Ltd., Changle Hengshen Synthetic, Fujian Jinjiang Technology, Invista, Zhejiang Mesbon Chemical Fibre, and Others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2034
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Objective of the Study:
• To assess the demand-supply scenario of Polyamide which covers production, demand and supply of Polyamide market in India.
• To analyse and forecast the market size of Polyamide in India.
• To classify and forecast India Polyamide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Polyamide market in India.
To extract data for India 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 India Polyamide market over the coming years.
ChemAnalyst calculated Polyamide demand in India 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, India 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 FY2023
205 thousand tonnes
Market size Volume by FY2034
340 thousand tonnes
Growth Rate
CAGR of 4.6% from FY2024 to FY2034
Base year
FY2023
Estimated year
FY2024
Historical Data
FY2015 – FY2022
Forecast period
FY2025 – FY2034
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By Type: Polyamide 6 and Polyamide 6,6
By End-Use: (Textiles, Automotive, Electricals & Electronics, General Industries, and Others)
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Member - Board of Directors
Osaka Gas Co. Ltd
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What is the anticipated market growth rate of India Polyamide market for the forecast period of FY2024-FY2030?
Ans:
The India Polyamide market is anticipated to grow at a healthy CAGR of 4.60% for the forecast period of FY2024-FY2034.
Q2.
Which industry is dominating the India Polyamide market?
Ans:
As of FY2023, Textiles industry is dominating the Polyamide market in India with an estimated share of roughly 35%.
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