Polyamide 12 (PA 12/Nylon 12) Market Size, Share, Growth Report 2030

Polyamide 12 (PA 12/Nylon 12) Market

Polyamide 12 (PA 12/Nylon 12) Market By Product Types (General Grade, Reinforced, Plasticized, Others) By Application (Automotive, Consumer Goods, Electronics, Industrial, Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Chemical & Materials Report Format : PDF Pages: 242 Report Code: ZMR-5728 Published Date: May-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 1.35 Billion USD 1.89 Billion 5.13% 2022

Polyamide 12 (PA 12/Nylon 12) Market

Industry Perspective:

The global polyamide 12 (PA 12/Nylon 12) market size is set for rapid growth over the forecast period. In terms of revenue, the global Polyamide 12 (PA 12/Nylon 12) market accounted for USD 1.35 Billion in 2022 and is expected to reach USD 1.89 Billion by 2030, growing at a CAGR of 5.13% during the forecast period.

Global Polyamide 12 (PA 12/Nylon 12) Market SizeRequest Free Sample

The market report offers remarkable insights into the essential drivers, opportunities, constraints, and challenges impacting the global polyamide 12 (PA 12/Nylon 12) industry.

Polyamide 12 (PA 12/Nylon 12) Market: Overview

Polyamide 12 (PA 12) is a common class of plastics with large additive applications, it is also known for its tensile strength, toughness, ability to bend without fracture, and impact strength. Due to these mechanical properties, it has long been used by injection molders. PA 12 is also referred to as Nylon 12. And more recently, in additive manufacturing processes for making usable parts and prototypes, PA 12 has been adopted as a standard material.

Key Insights

  • As per the analysis shared by our research analyst, the polyamide 12 market is expected to grow annually at a promising CAGR of around 5.13% during the forecast period 2023-2030.
  • In terms of revenue, the global polyamide 12 market size was valued at around USD 1.35 billion in 2022 and is expected to reach USD 1.89 billion by 2030.
  • The increasing demand from various end-use industries, including automotive, electronics, and packaging is likely to drive the polyamide 12 market in the upcoming period.
  • Based on application, the automotive segment held the largest market share in 2022.
  • Based on product type, the reinforced segment held the dominating market share in 2022.
  • Based on region, the Asia-Pacific region held the largest market share in 2022.

Polyamide 12 (PA 12/Nylon 12) Market: Growth Factors

Ease of processing and versatility of polyamide 12 drive the growth of the market

The global polyamide 12 market is driven by several key factors. One of the primary drivers is the increasing demand from various end-use industries, including automotive, electronics, and packaging. As these industries continue to grow and innovate, the need for materials with unique properties, such as high strength, durability, and chemical resistance, is increasing. Polyamide 12 is a popular choice due to its versatility and ease of processing, making it an attractive option for manufacturers. Another driver of the polyamide 12 market is the growing trend towards sustainable and eco-friendly materials. Polyamide 12 is a material that can be recycled, and it also has a lower environmental impact than some other materials. As consumers and governments become increasingly focused on sustainability, this presents an opportunity for the polyamide 12 market to grow.

Polyamide 12 (PA 12/Nylon 12) Market: Opportunities

Rise in manufacturing activities and growing trend of 3D printing might create ample opportunities

In addition to these drivers, there are several opportunities for growth in the polyamide 12 industry. For example, the Asia Pacific region is expected to be a key driver of growth due to the increasing demand from industries such as automotive, electronics, and packaging. The region is also seeing growth in manufacturing activities, which is further driving the demand for polyamide 12. Other opportunities for growth include the development of new applications for polyamide 12, such as in 3D printing and additive manufacturing. As these technologies continue to advance, there may be new opportunities for polyamide 12 to be used in innovative ways.

Polyamide 12 (PA 12/Nylon 12) Market: Restraints

Extortionate cost of production might hinder the growth of the industry

Despite the drivers and opportunities for growth in the polyamide 12 market, there are also several challenges and restraints that need to be addressed. One of the major constraints is the cost of production, which can be high due to the complex manufacturing process and the cost of raw materials. This can limit the adoption of polyamide 12 in certain industries and applications.

Another restraint is the competition from alternative materials, such as polyamide 6 and polyamide 66, which may offer similar properties at a lower cost. In addition, there may be technical challenges related to processing and integrating polyamide 12 into existing manufacturing processes, which can further limit adoption.

Polyamide 12 (PA 12/Nylon 12) Market: Challenges

Environmental concerns with the production and disposal of polyamide 12 might act as a challenge for the industry

The ongoing COVID-19 pandemic has had a significant impact on the global economy, including the polyamide 12 industry. Supply chain disruptions, reduced demand from some end-use industries, and uncertainty in the global economy have all affected the market.

Finally, there are also environmental concerns associated with the production and disposal of polyamide 12. While the material is recyclable, there are still concerns related to energy consumption and waste generated during the production process. As such, there is a need to develop more sustainable production methods and end-of-life solutions to address these concerns.

Polyamide 12 (PA 12/Nylon 12) Market: Segmentation

The global polyamide 12 market is segmented based on product type, application, and region.

Based on product type, the global market is segmented into General Grade, Reinforced, Plasticized, and others. The reinforced segment held the dominating market share in 2022 and is further projected to grow rapidly during the forecast period. The reinforced segment of the polyamide 12 market has experienced steady growth in recent years.

This can be attributed to the increasing demand from industries such as automotive, electrical, and industrial, which require materials with high strength, stiffness, and durability. Reinforced polyamide 12 offers improved mechanical properties compared to general-grade polyamide 12, making it a popular choice in applications such as engine components, gear parts, and electrical connectors. Additionally, advancements in reinforcement technologies, such as glass and carbon fiber reinforcements, have further increased the performance of reinforced polyamide 12, expanding its application scope.

The reinforced segment is expected to continue its growth trajectory in the coming years as end-use industries continue to demand high-performance materials that can withstand harsh operating conditions and offer long-term durability.

Based on application, the polyamide 12 industry is segmented into Automotive, Consumer Goods, Electronics, Industrial, and others. The automotive segment held the largest market share in 2022 and is further predicted to surge exponentially during the forecast period. The automotive segment is one of the key drivers of the polyamide 12 market, as polyamide 12 offers excellent mechanical properties and thermal stability, making it ideal for use in various automotive applications.

The demand for lightweight materials in the automotive industry has been on the rise, as automakers seek to reduce the weight of vehicles to improve fuel efficiency and reduce emissions. Polyamide 12 offers a lightweight alternative to traditional materials such as metal and glass, while still maintaining high-performance standards. Additionally, the growing adoption of electric vehicles is expected to further drive the demand for polyamide 12, as it offers excellent insulation properties and can help reduce the weight of battery components.

Recent Developments

  • In 2021, Evonik Industries announced the expansion of its polyamide 12 production facility in Marl, Germany. The expansion aims to increase the production capacity of the facility by around 50% to meet the growing demand for high-performance polymers in various industries. The new production line is expected to be operational by 2022 and will utilize Evonik's advanced production technologies to improve the efficiency and sustainability of the production process.
  • In 2020, Arkema announced the acquisition of ArrMaz, a leading provider of specialty chemicals for various industries, including the polyamide 12 market. The acquisition aims to strengthen Arkema's position in the high-performance polymers market and expand its product portfolio to offer more comprehensive solutions to its customers. Additionally, the acquisition will enable Arkema to leverage ArrMaz's expertise in formulation and application technologies to enhance the performance of its polyamide 12 products.

Polyamide 12 (PA 12/Nylon 12) Market: Report Scope

Report Attributes Report Details
Report Name Polyamide 12 (PA 12/Nylon 12) Market Research Report
Market Size in 2022 USD 1.35 Billion
Market Forecast in 2030 USD 1.89 Billion
Growth Rate CAGR of 5.13%
Number of Pages 242
Key Companies Covered Arkema SA, Asahi Kasei Corporation, BASF SE, DowDuPont Inc., EMS-Chemie Holding AG, Evonik Industries AG, Formosa Plastics Corporation, Huntsman Corporation, Kuraray Co. Ltd., Lanxess AG, Radici Group, RTP Company, SABIC, Solvay S.A., Toray Industries Inc., Ube Industries Ltd., Ensinger GmbH, Ems-Grivory, Royal DSM N.V., and Mitsubishi Chemical Holdings Corporation.
Segments Covered By Product Type, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Polyamide 12 (PA 12/Nylon 12) Market: Regional Analysis

Asia-Pacific region to dominate the global market during the forecast period

Based on region, the Asia-Pacific region held the largest market share in 2022 and is further anticipated to grow remarkably during the forecast period. The Asia Pacific region has been a significant contributor to the growth of the polyamide 12 market in recent years. This can be attributed to the rapid industrialization and economic growth in countries such as China, India, and Japan. The increasing demand for high-performance materials in various industries, such as automotive, electrical, and industrial, has driven the growth of the polyamide 12 market in the region.

The automotive industry in Asia Pacific has been a major contributor to the growth of the polyamide 12 market. The region is home to some of the world's largest automotive manufacturers and is expected to witness significant growth in the demand for electric and hybrid vehicles, further boosting the demand for polyamide 12. Additionally, the region's focus on infrastructure development and urbanization is expected to drive the demand for polyamide 12 in the construction industry. Overall, the Asia Pacific region is expected to continue its growth trajectory in the polyamide 12 market, driven by the increasing demand for high-performance materials across various industries.

Polyamide 12 (PA 12/Nylon 12) Market: Competitive Players

The key players operating in the global Polyamide 12 (PA 12/Nylon 12) market include:

  • Arkema SA
  • Asahi Kasei Corporation
  • BASF SE
  • DowDuPont Inc.
  • EMS-Chemie Holding AG
  • Evonik Industries AG
  • Formosa Plastics Corporation
  • Huntsman Corporation
  • Kuraray Co. Ltd.
  • Lanxess AG
  • Radici Group
  • RTP Company
  • SABIC
  • Solvay S.A.
  • Toray Industries Inc.
  • Ube Industries Ltd.
  • Ensinger GmbH
  • Ems-Grivory
  • Royal DSM N.V.
  • Mitsubishi Chemical Holdings Corporation.

The global Polyamide 12 (PA 12/Nylon 12) Market is segmented as follows:

By Product Type

  • General Grade
  • Reinforced
  • Plasticized
  • Others

By Application

  • Automotive
  • Consumer Goods
  • Electronics
  • Industrial
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Table Of Content

Methodology

FrequentlyAsked Questions

Polyamide 12 (PA 12) is a common class of plastics with large additive applications, it is also known for its tensile strength, toughness, ability to bend without fracture, and impact strength. Due to these mechanical properties, it has long been used by injection molders. PA 12 is also referred to as Nylon 12. And more recently, in additive manufacturing processes for making usable parts and prototypes, PA 12 has been adopted as a standard material.

The global Polyamide 12 (PA 12/Nylon 12) market is predicted to increase at a CAGR of 5.13% during the forecast period.

The global Polyamide 12 (PA 12/Nylon 12) market was worth around USD 1.35 billion in 2022 and is expected to reach USD 1.89 billion by 2030.

The global Polyamide 12 (PA 12/Nylon 12) market is being driven by several factors, including increasing demand from various end-use industries, such as automotive, electronics, packaging, and coatings. Other key drivers include the material's unique properties, such as high strength, durability, and chemical resistance, as well as its versatility and ease of processing.

Asia-Pacific held a notable share in the global Polyamide 12 (PA 12/Nylon 12) market in 2022 and is likely to grow the fastest during the forecast period. The growth of the Polyamide 12 (PA 12/Nylon 12) market in Asia-Pacific is being driven by factors such as the increasing demand from industries such as automotive, electronics, and packaging. The region is also seeing growth in manufacturing activities, which is further driving the demand for polyamide 12.

Some of the major companies operating in the Polyamide 12 (PA 12/Nylon 12) market include Arkema SA, Asahi Kasei Corporation, BASF SE, DowDuPont Inc., EMS-Chemie Holding AG, Evonik Industries AG, Formosa Plastics Corporation, Huntsman Corporation, Kuraray Co. Ltd., Lanxess AG, Radici Group, RTP Company, SABIC, Solvay S.A., Toray Industries Inc., Ube Industries Ltd., Ensinger GmbH, Ems-Grivory, Royal DSM N.V., and Mitsubishi Chemical Holdings Corporation.

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