The North America Polyamide market demand stood at nearly 1700 thousand tonnes in 2023 and is expected to grow at a CAGR of 4.89% during the forecast period until 2034.
Polyamide, a synthetic polymer characterized by repeating amide linkages, is found naturally in proteins like wool and silk, while its artificial forms include nylons, solidum poly, and aramids. Its exceptional durability and strength make it highly sought after for various applications, including fiber processing in textiles, film processing in electrical and electronics, and the production of engineering plastics for the automotive industry. Polyamides are widely used in the manufacturing of cases for TVs, laptops, mobile phones, and other electronic devices. Their low water absorption, excellent balance, and impressive resistance to chemicals, heat, and abrasion make them ideal for producing connectors, switches, relays, sections of 3D circuits, spools, and various computer parts. Based on type, the North America Polyamide market is divided into Polyamide 6 and Polyamide 6,6.
The surge in demand for polyamides across industries is driven by several key factors. Firstly, the expansion of the automotive sector, fuelled by the growing preference for lightweight and fuel-efficient vehicles, has led to increased utilization of polyamides in various automobile components. In 2022, North America produced almost 19% of the global automotives. Secondly, the thriving electronics industry has contributed to the rising demand for polyamides, particularly in insulation and other critical applications essential for electronic devices. Additionally, the growing need for flexible and sustainable packaging solutions in response to environmental concerns has created opportunities for polyamide usage in the packaging sector. Moreover, continuous technological advancements in polyamide manufacturing processes and the development of new grades with enhanced properties have paved the way for innovative applications across diverse industries. These market drivers collectively propel the growth of the polyamide market, positioning it as a versatile and indispensable material in today's industrial landscape. The United States leads the region in polyamide resin consumption due to its expanding automotive and packaging sectors. The increasing growth of these industries is expected to fuel the demand for polyamide resin in the country in the foreseeable future. Thus, North America Polyamide market is likely to reach roughly 2900 thousand tonnes in 2034.
Based on the end-user industry, the North America Polyamide market is segmented into Textiles, Automotive, Electricals & Electronics, General Industries, and Others. Among these, the Automotive industry is the largest segment of the North America Polyamide market and held about 30% in the year 2023.
Major players in the North America Polyamide market are AdvanSix, Arkema, Ascend Performance Materials, BASF SE, Celanese Corporation, Domo Chemicals, DSM, EMS-Chemie Holding AG, Koch Industries, Inc., Polymeric Resources Corporation, 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 Polyamide which covers production, demand and supply of Polyamide market in the globe.
• To analyse and forecast the market size of Polyamide
• To classify and forecast North America Polyamide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Polyamide market in the globe.
To extract data for North America 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 North America Polyamide market over the coming years.
ChemAnalyst calculated Polyamide demand across the North America 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, North America 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
1700 thousand tonnes
Market size Volume by 2034
2900 thousand tonnes
Growth Rate
CAGR of 4.89% 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)
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What was the size of North America Polyamide market in terms of volume in 2023?
Ans:
The size of North America Polyamide market has grown significantly in the historic period and reached approximately 1700 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Polyamide?
Ans:
Automotive is the leading consumer of Polyamide.
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