Latest News- Polyamide Resins Market: Reactive is expected to lead the Type segment during 2025-2029

The Polyamide Resins Market is being driven by Increasing application of polyamide resins in automotive industry

The Polyamide Resins Market is expected to grow at a CAGR of 6.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1595.8 million. The global polyamide resins market is experiencing significant growth due to the increasing demand for these high-performance materials. However, the market is currently facing a substantial challenge in the form of a global supply shortage of ADNs (Amino Di-isocyanates), a key raw material used in the production of polyamide resins. To mitigate this issue, major industry players are investing heavily in new capacity expansions to increase the availability of raw materials. Polyamide resins offer numerous advantages over alternative resins, such as epoxy, including superior hardening and plasticizing properties. Moreover, their flexibility, water resistance, abrasion resistance, corrosion resistance, better thermal insulation, and excellent adhesion properties make them an ideal choice for various industries, including automotive, electrical and electronics, construction, and packaging. As a result, the sales of polyamide resins are on an upward trajectory, fueling the market growth during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Reactive
  • Non-reactive
• Product Type
  • Pellets
  • Liquids
• Application
  • Molded components
  • Films and fibers
  • Adhesives and sealants
  • Others
• End-user
  • Automotive
  • Electronics and electrical
  • Textiles
  • Packaging
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing application of polyamide resins in automotive industry
• Growing paper industry
• Replacement of conventional resins with polyamide resins

However, the market also witnesses some limitations, which are as follows:

• Shortage in supply of polyamide resins
• Rising environmental concerns
• Stringent regulations on polyamide resins

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Market Scope in Polyamide Resins Market Research Report

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Research Analysis Overview

The Polyamide Resins Market encompasses a range of products including polyamide blends and alloys, coatings, films, membranes, fibers, fabrics, yarn, monomer, and oligomer. Applications span from polyamide polymerization and modification to degradation, recycling, upcycling, and functionalization. Techniques include crosslinking, grafting, nanocomposites, biocomposites, thermoplastics, elastomers, foams, molding, machining, finishing, testing, certification, and standards development.

Market Research Overview

The Polyamide Resins market, a segment of the broader Specialty Chemicals industry, encompasses manufacturers producing high-performance Nylon Resins used in engineering plastics, injection molding, extrusion molding, fiber spinning, and as polymer additives. According to Technavio, the Specialty Chemicals market size is determined by the consolidated revenue of companies specializing in high-value-added chemicals. Factors fueling market expansion include the increasing preference for specialty adhesives and sealants, which cater to the growing demand for advanced product manufacturing.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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