Polyamide Resins Market is Projected to Reach the Valuation of US$ 6.7 Billion in 2032

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.

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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: Market Dynamic

The versatility of the flexographic printing market is a key factor which fuels the growth of the global polyamide resins market. In spite of e-books and internet having increased tremendously from last decade, the demand for magazines, newspapers, books, is also growing on a sound rate.

The demand from paper print sector will in turn fuel the global polyamide resins market growth. Additionally, polyamide resins demand is also expected to be augment form its use as a paper based packaging material whose end usage has rapidly grown in the recent times.

Polyamide resins have superior properties such as it provides the high clarity to the printing. Owing to this, polyamide resins mostly preferable in the flexographic printing inks.  Other advantages associated with polyamide resins are –

it enhances gel recovery, has effective anti-blocking properties, water resistance properties, ester resistance properties, etc. All aforementioned advantages further drive the global polyamide resins market over the forecast period i.e. 2019-2029.

However, the stringent environmental regulations on polyamide resins will hamper the global polyamide resins market growth. For instance, polyamide resins listed under the various regulations such as –

Toxic Substances Control Act (USA), Domestic Substances List (Canada), The Philippine Inventory of Chemicals and Chemical Substances (Philippine), Australian Inventory of Chemical Substances (Australia), Existing and New Chemical Substances (Japan), and China’s chemical inventory of existing chemical substances, etc.

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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

The global polyamide resins research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Global Polyamide resins market also contains projections using a suitable set of assumptions and methodologies.

The research report on global Polyamide resins market provides analysis and information according to market segments such as geographies, application, and industry.

Global Polyamide Resins Market: Segmentation