The Latest Polyamides Industry Statistics Explained
The global market size for polyamides is expected to grow from USD 25.4 billion in 2020 to USD 33.2 billion by 2025.
The statistic indicates that the global market size for polyamides, a type of synthetic polymer, is projected to experience significant growth over the forecast period from 2020 to 2025. Specifically, the market is anticipated to increase from USD 25.4 billion in 2020 to USD 33.2 billion by 2025, reflecting a compound annual growth rate (CAGR) underlying this expansion. This growth may be driven by factors such as increasing demand for polyamides in various industries like automotive, packaging, and textiles due to their properties like strength, durability, and versatility. The upward trend in the market size suggests potential opportunities for businesses operating in the polyamides sector to capitalize on this growth and expand their market presence.
The polyamides industry is projected to grow at a CAGR of 5.5% from 2020 to 2025.
The statistic indicates that the polyamides industry is expected to experience a compound annual growth rate (CAGR) of 5.5% over the period from 2020 to 2025. This projection suggests that the industry will steadily expand at a moderate pace over the five-year period. A CAGR of 5.5% means that the industry’s size or revenue is anticipated to increase by an average rate of 5.5% per year during this time frame. Factors such as increasing demand for polyamides in various applications, technological advancements, and market trends are likely contributing to this growth outlook. This statistic provides valuable insights for businesses, investors, and policymakers to understand and anticipate the future trajectory of the polyamides industry.
The automotive sector accounted for the largest share of the polyamides industry in 2019.
The statistic indicates that in 2019, the automotive sector represented the highest proportion of the overall polyamides industry. This implies that a significant portion of polyamides produced and consumed was used specifically within the automotive industry compared to other sectors such as consumer goods, industrial applications, or textiles. The dominance of the automotive sector suggests a strong demand for polyamides in this particular industry, likely driven by factors such as the lightweight and durable properties of polyamides which are well-suited for automotive components like engine parts, connectors, and interior materials. This information is valuable for businesses and policymakers to understand the key industries driving the demand for polyamides and to make informed decisions regarding production, investments, and market strategies within the polyamides sector.
Rising demand in end-use industries such as packaging, electrical & electronics is driving the growth of the polyamides industry.
The statement suggests that the polyamides industry is experiencing growth due to increased demand from various end-use industries, specifically packaging and electrical & electronics. This growth is driven by a rising consumer need for products that utilize polyamides due to their favorable properties and versatility. The packaging industry relies on polyamides for their strength and barrier properties, while the electrical & electronics industry uses polyamides for their insulation and heat resistance characteristics. As these industries continue to expand, the demand for polyamides is expected to rise in parallel, supporting the growth of the polyamides industry as a whole.
The market in Asia Pacific is projected to register the highest CAGR during the forecast period.
This statistic indicates that the market in the Asia Pacific region is expected to experience the highest Compound Annual Growth Rate (CAGR) compared to other global regions over the forecast period. This suggests that the Asia Pacific market is forecasted to grow at a faster pace than markets in other regions, indicating strong potential for investment and business expansion opportunities in this geographical area. Factors such as economic growth, increasing consumer demand, expanding industries, and technological advancements in the Asia Pacific region may contribute to this projected growth rate, making it an attractive market for businesses looking to capitalize on emerging opportunities.
By 2023, Bio-based & Specialty Polyamides market size will be expected to reach USD 4.6 billion.
The statistic ‘By 2023, Bio-based & Specialty Polyamides market size will be expected to reach USD 4.6 billion’ indicates a projected growth in the market for bio-based and specialty polyamides, a type of polymer used in various industries such as automotive, textiles, and packaging. This forecast suggests that by the year 2023, the total value of products and services within the bio-based & specialty polyamides market is estimated to amount to USD 4.6 billion, signifying an anticipated expansion and increasing demand for these materials in the coming years. This statistic helps to illustrate the economic significance and potential opportunities in the bio-based & specialty polyamides industry, reflecting a growing trend towards sustainable and innovative material solutions.
The average price of polyamides is expected to decrease with a growth rate of 2.9% (2020-2025).
The statistic indicating that the average price of polyamides is expected to decrease with a growth rate of 2.9% from 2020 to 2025 suggests that the overall pricing trend for polyamides is projected to exhibit a slight decline over the specified time period. A growth rate of -2.9% implies that the average price of polyamides is anticipated to decrease by 2.9% annually on average during the five-year period. This may be influenced by factors such as changes in production costs, market demand, competition, or technological advancements within the polyamides industry. The projected decrease in price suggests potential cost savings for consumers or businesses utilizing polyamides during this period, although it may also indicate potential challenges or market dynamics affecting the industry.
Polyamides business in China was valued at USD 9.13 billion in 2019.
The statistic ‘Polyamides business in China was valued at USD 9.13 billion in 2019’ indicates the total market worth of polyamides, a type of synthetic polymer, in China during the year 2019. This value represents the revenue generated by the production, sale, and consumption of polyamides within the Chinese market. The figure of USD 9.13 billion highlights the significant economic importance and scale of the polyamides industry in China, reflecting a high demand for these materials likely driven by factors such as industrial manufacturing, infrastructure development, and consumer products within the country. This statistic provides insight into the size and growth potential of the polyamides sector in China, serving as a key indicator of market trends in the plastics and chemicals industry.
The consumption of polyamides for automotive applications in the US was 446,000 metric tons in 2021.
The statistic indicates that the total consumption of polyamides for automotive applications in the United States in 2021 amounted to 446,000 metric tons. Polyamides are a type of synthetic polymer commonly used in the automotive industry for various components such as engine parts, interior trims, and under-the-hood applications due to their high strength and thermal resistance properties. This statistic highlights the significant demand for polyamides within the automotive sector in the US, driven by the need for lightweight and durable materials to improve vehicle performance and efficiency.
The global production capacity of bio-based polyamides is expected to reach 325 kilotons by 2020.
The statistic “The global production capacity of bio-based polyamides is expected to reach 325 kilotons by 2020” indicates the anticipated total manufacturing capacity for bio-based polyamides worldwide by the year 2020. This means that producers are projected to be capable of manufacturing up to 325,000 metric tons of bio-based polyamides to meet market demand and supply chain needs. This statistic highlights the growing importance and adoption of bio-based materials in various industries, such as automotive, packaging, and textiles, as companies are increasingly shifting towards more sustainable and environmentally friendly production practices.
The demand for polyamide hot-melt adhesives in North America stood at 30.0 KT in 2019.
The statistic stating that the demand for polyamide hot-melt adhesives in North America was 30.0 KT (kilotons) in 2019 indicates the total quantity of these particular adhesives that were sought after and consumed in the North American region during that year. This statistic provides valuable insight into the market trends and industrial usage of polyamide hot-melt adhesives in the region, which can be essential for manufacturers, suppliers, and policymakers to understand the demand dynamics and make informed decisions related to production, marketing, and distribution strategies. It can also serve as a benchmark for assessing future trends, forecasting demand, and identifying potential growth opportunities in the polyamide hot-melt adhesive market in North America.
The Indian market size for polyamides was USD 269.2 million in 2017
The statistic ‘The Indian market size for polyamides was USD 269.2 million in 2017’ represents the total value of polyamides products sold in India during the year 2017. This figure reflects the market’s economic significance and provides insight into the demand for polyamides within the Indian market. The size of the market serves as a key indicator for industry stakeholders, policymakers, and investors to evaluate the performance and growth potential of the polyamides sector in India. Additionally, it can be used to track trends over time, compare market sizes between different regions, and make informed business decisions related to production, distribution, and pricing strategies.
The Polyamide 6 segment is expected to grow at a CAGR of over 5.0 % from 2020 to 2027.
The statistic indicates that the Polyamide 6 segment, a type of synthetic polymer commonly used in various industries such as automotive, electronics, and consumer goods, is projected to experience significant growth over the period from 2020 to 2027. The Compound Annual Growth Rate (CAGR) of over 5.0% suggests a steady and consistent increase in demand and market size for Polyamide 6 during this timeframe. This growth rate signifies a favorable outlook for the Polyamide 6 industry, likely driven by factors such as technological advancements, increasing applications, and growing demand from end-users. Overall, this statistic implies a positive trajectory and potential opportunities for stakeholders involved in the Polyamide 6 market.
Europe holds a significant share in the global polyamides market, with Germany being a prominent contributor.
The statement suggests that Europe plays a substantial role in the worldwide polyamides market, indicating that a large portion of polyamides production and consumption occurs in Europe. Germany specifically is highlighted as an important player in this market, likely due to its advanced manufacturing sector and strong presence in the chemical industry. This statistic implies that Europe, and Germany in particular, are key regions to consider when analyzing the trends and dynamics of the global polyamides market, and they may have a significant influence on the overall market performance and developments.
In Japan, polyamides demand is expected to grow at a CAGR of 4.2% from 2019 to 2025.
This statistic indicates that the demand for polyamides in Japan is projected to increase at a compound annual growth rate (CAGR) of 4.2% from the year 2019 to 2025. A CAGR is a measure used to determine the annual growth rate of an investment or, in this case, a specific industry over a certain period of time. In this context, the 4.2% CAGR suggests a steady growth trend in the demand for polyamides in Japan over the specified timeframe, reflecting potential market opportunities and increasing utilization of polyamides in various industries within the country. This statistical insight could be valuable for businesses operating in the polyamides industry or related sectors, helping them understand and anticipate market trends in Japan for strategic planning and decision-making purposes.
The production quantity of polyamides in South Korea amounted to around 567 thousand tons in 2018.
The statistic “The production quantity of polyamides in South Korea amounted to around 567 thousand tons in 2018” indicates the total amount of polyamides, a type of synthetic polymer primarily used in the production of fibers and plastics, that was manufactured in South Korea in the year 2018. This figure of 567 thousand tons reflects the scale of polyamide production within the country during that specific time period. It provides valuable insight into the industrial output and manufacturing capabilities of South Korea’s chemical and plastics industry, highlighting its significance in both domestic and potentially international markets.
In Brazil, the polyamides market was valued at around $284.6 million in 2019.
The statistic “In Brazil, the polyamides market was valued at around $284.6 million in 2019” indicates the total monetary worth of the polyamides market in Brazil during the year 2019. Polyamides are a type of synthetic polymer commonly used in various industries such as textiles, automotive, and packaging. The $284.6 million value reflects the revenue generated from the production, sale, and consumption of polyamides within the Brazilian market. This statistic provides valuable insight into the economic significance of polyamides in Brazil and suggests the level of demand and activity within this particular market segment during the specified time period.
In France, demand for polyamides from electrical and electronics industry is expected to grow at a CAGR of 4.6% between 2020 and 2026.
The statistic indicates that in France, there is anticipated growth in the demand for polyamides from the electrical and electronics industry. This growth is projected to occur at a compound annual growth rate (CAGR) of 4.6% over the period spanning from 2020 to 2026. The CAGR provides a measure of the annual growth rate over this time frame, reflecting a steady increase in demand for polyamides within the specified industry sector. This statistic suggests a positive trend in the utilization of polyamides in electrical and electronics applications in France, indicating potential opportunities and market expansion for this specific type of material.
Conclusion
The statistics presented on the polyamides industry highlight the growth, trends, and potential opportunities within this sector. As the demand for sustainable and high-performance materials continues to rise, it is evident that polyamides will play a crucial role in various applications. By staying informed and adapting to changing market dynamics, businesses can position themselves for success in this evolving industry.
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