The global polyamide resins market is expected to generate revenue of around US$6.7 billion by 2032, compared to US$4.6 billion -dollars in 2022, with a CAGR of 3.5% over the forecast period (2022-2032).
The replacement of polyamide resins with conventional resins and the increasing popularity of bio-based polyamide resins are playing a crucial role in drive demand for polyamide resins. Also, due to the increasing adoption of recycled polyamide resins, sales of polyamide resins increased sharply during the forecast period.
Polyamide resins are a type of micro-molecular polycondesed compound, which prepared by the vegetable oil at the presence of unsaturated fatty acid dimer and polyamine. Polyamide resins have active groups, hydroxyl groups, and amide.
Primarily, it acts as curing agent and plasticizer for epoxy resine due to having a wide range of properties such as – flexibility, water resistance, wear resistance, corrosion resistance, better insulation and adhesion properties, etc. The polyamide resins are available in pellets as well as liquid form.
On the basis of its functional group, polyamide resins have two types which are – dimer acid–based (DAB) polyamide resins and polyamide-epichlorohydrin resins. Polyamide resins have a wide range of application across numerous end-use industries such as automotive, chemical, fiber, textile, electronics and electrical, inks, and among others
Global Polyamide Resins Market: Industry Participants
The global polyamide resins market is a highly fragmented market owing to the presence of small as well as international market players at the regional level.
Few of them are identified across the value chain of polyamide resins market which is –
Solvay SA, Toyobo Co., Ltd., Mitsubishi Chemical holdings, The Ensinger Group, Merck KGaA, RI Chemical Corporation, Gabriel, MPD Industries Pvt. Limited, Arizona Chemical, The Dow Chemical Company, AnqingHongyu Chemical Co., Ltd, Jinan Tongfa Resin Co., Ltd., RITEKS, Cytech Coatings Private Limited, Thomas Swan & Co. Ltd., and among others
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Global Polyamide Resins Market: Segmentation
The global polyamide resins market can be segmented on the basis of product type, product form, end-use industry, and regions. On the basis of product type, global polyamide resins market can be segmented as mentioned below:
On the basis of product forms, global polyamide resins market can be segmented as mentioned below:
On the basis of end-use industry, global polyamide resins market can be segmented as mentioned below:
Global Polyamide Resins Market: Regional Outlook
Geographically, Europe is anticipated to be a significant platform for polyamide resins manufactures as it accounts around 60% market in term of label manufacturing which consumes ink in a huge volume.
Further, Asia Pacific is expected to witness the maximum growth in term of polyamide resins primarily due to the growth in the automotive and chemical industry in the developing economies such as India and China.
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