Lucintel Forecasts Polyamide Resin Market to Reach $9.0 billion by 2030

CITY, Country, 2024-Jul-22 — /EPR Network/ —

According to the recent study the Polyamide Resin Market is projected to reach an estimated $9.0 billion by 2030 from $6.8 billion in 2023, at a CAGR of 4.0% from 2023 to 2030. Growth in this market is primarily driven by increasing use of lightweight, high temperature thermoplastics in under-hood applications and the replacement of metals with polyamide resin based composites in various end use applications.

Browse 104 figures / charts and 78 tables in this 157 -page report to understand trends, opportunities and forecast in polyamide resin market by end use (transportation, consumer goods, electrical & electronics, and others), resin type (polyamide6, polyamide66, polyamide46, and others), product type (short fiber reinforced thermoplastic (SFT), long fiber reinforced thermoplastic (LFT), and continuous fiber reinforced thermoplastic (CFT), and region (North America, Europe, Asia Pacific and Rest of the World)

Lucintel forecasts that transportation will remain the largest end use market by value due to high demand for lightweight thermoplastics with high temperature resistant property, which makes polyamide resin suitable for under the hood applications.

SFT will remain the largest market due to its various benefits like ease in processing, low cost production, design flexibility, and the ability to process parts with complex shapes

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Asia Pacific and ROW is expected to remain the largest region and witness the highest growth over the forecast period due to growth in construction sector, transportation sector and increasing awareness towards the lightweight thermoplastics with high temperature resistant property.

BASF SE, DSM (Covestro), DuPont, LANXESS AG, and Cytec Solvay S.A. are the major suppliers in the polyamide resin market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056

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