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Asia-Pacific Polyamide Market Size

The Asia-Pacific polyamide market is projected to experience significant growth, with its market size expanding over the forecast period. This region, being the largest consumer globally, utilizes polyamides across various industries, including automotive, electronics, and packaging. The automotive sector holds a substantial portion of the market share, driven by China's burgeoning vehicle production and export activities. Meanwhile, the packaging industry is anticipated to be the fastest-growing segment, fueled by trends in sustainable and technology-driven packaging solutions. Despite past challenges such as geopolitical tensions and the pandemic, the demand for polyamides in the Asia-Pacific is expected to rebound and continue its upward trajectory, with China leading in growth.

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Market Size of asia-pacific polyamide Industry

Asia-Pacific Polyamide Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 9.22 Billion
svg icon Market Size (2029) USD 12.67 Billion
svg icon Largest Share by End User Industry Automotive
svg icon CAGR (2024 - 2029) 6.57 %
svg icon Largest Share by Country China
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific Polyamide Market Analysis

The Asia-Pacific Polyamide Market size is estimated at 9.22 billion USD in 2024, and is expected to reach 12.67 billion USD by 2029, growing at a CAGR of 6.57% during the forecast period (2024-2029).

9.22 Billion

Market Size in 2024 (USD)

12.67 Billion

Market Size in 2029 (USD)

4.19 %

CAGR (2017-2023)

6.57 %

CAGR (2024-2029)

Largest Market by End-user Industry

31.78 %

value share, Automotive, 2023

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Due to its temperature and chemical resistance, PA is used in a wide range of automotive applications, including intake manifolds, fuel lines, and underhood parts.

Fastest Growing Market by End-user Industry

8.30 %

Projected CAGR, Packaging, 2024-2029

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Owing to the high puncture resistance, transparency, and weather resistance, the demand for PA, especially in food packaging, is increasing and is projected to witness the fastest growth.

Largest Market by Sub Resin Type

52.14 %

value share, Polyamide (PA) 6, 2023

Owing to its applications and the highest shares in various industries, including automotive, electrical and electronics, aerospace, and construction, PA 6 resin occupied the largest share.

Largest Market by Country

60.20 %

value share, China, 2023

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Having the highest share of around 44.75% in automotive production and around 68.01% of revenue share in electronics production in 2022, China held the largest market share in the region.

Leading Market Player

21.28 %

market share, Highsun Holding Group, 2022

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With the largest production capacity of 910 kilotons per year of PA resin in 2022, the company held the largest share of the market. It offers various PA resins for extrusion, compounding, blow molding, and other applications.

The automotive industry to remain dominant during the forecast period

  • Polyamides are high-performance plastics that can withstand high temperatures and corrosive environments. Due to their non-adhesive and low friction properties, they are suitable for applications in various end-user industries like aerospace, electronics, automotive, and telecommunications. Asia-Pacific accounted for 51% of the global consumption of polyamides in 2022, making it the largest consumer of polyamides in the world.
  • The automotive industry holds the largest market share, accounting for 33% of the region's total polyamide consumption in 2022. China's automotive industry was the largest consumer of polyamides in the region in 2022. China is an emerging exporter of small- and medium-sized vehicles, with companies like Geely, Chery, and BYD setting up manufacturing plants to penetrate developing vehicle markets abroad. This is increasing the production of vehicles and the application of polyamides in the country. Vehicle production in the country is expected to reach 64.7 million units in 2029 compared to 46.6 million units in 2022.
  • The packaging industry is expected to be the fastest-growing industry in terms of consumption of polyamides. It is predicted to register a CAGR of 8.22%, by value, during the forecast period [2023-2029]. Trends such as technology-enabled packaging, personalized packaging, and sustainable and environmentally friendly product-driven packaging, which aims to reduce carbon footprint, are expected to drive future demand for food and retail packaging. The packaging industry in countries like South Korea and China is among the fastest-growing in terms of polyamide consumption. These countries are projected to register CAGRs of 10.30% and 9.24%, respectively, by value, during the forecast period.
Asia-Pacific Polyamide Market

China to remain as a market leader in the region

  • The Asia-Pacific region is the largest consumer of polyamides globally, holding a share of over 50.86% in 2022. In this region, polyamides are used extensively in a variety of applications, including electrical and electronics, automotive, consumer goods, and food packaging industries.
  • In 2019, due to geopolitical tensions, global trade saw a minor decline. This decline was particularly pronounced in Malaysia, resulting in the country's first full-year drop in a decade. Consequently, the demand for polyamides in the country fell by 10.09% compared to 2018, whereas the regional demand experienced a Y-o-Y decrease of 2.53%. In 2020, various restrictive factors, such as worker unavailability and raw material shortages resulting from operational and trade restrictions during the pandemic, severely impacted various end-user industries. This factor, in turn, negatively affected the polyamide demand in the region.
  • However, in 2021, as restrictions eased, polyamide demand returned to pre-pandemic levels. This resurgence was primarily driven by the rapid growth in industrial activities in countries like Australia and Malaysia. This growth trend is expected to continue throughout the forecast period, with China expected to witness the highest growth in polyamide demand among all countries. Overall, polyamide demand from the Asia-Pacific region is anticipated to register a CAGR of 4.81% in terms of volume during the forecast period.

Asia-Pacific Polyamide Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Aramid, Polyamide (PA) 6, Polyamide (PA) 66, Polyphthalamide are covered as segments by Sub Resin Type. Australia, China, India, Japan, Malaysia, South Korea are covered as segments by Country.

  • Polyamides are high-performance plastics that can withstand high temperatures and corrosive environments. Due to their non-adhesive and low friction properties, they are suitable for applications in various end-user industries like aerospace, electronics, automotive, and telecommunications. Asia-Pacific accounted for 51% of the global consumption of polyamides in 2022, making it the largest consumer of polyamides in the world.
  • The automotive industry holds the largest market share, accounting for 33% of the region's total polyamide consumption in 2022. China's automotive industry was the largest consumer of polyamides in the region in 2022. China is an emerging exporter of small- and medium-sized vehicles, with companies like Geely, Chery, and BYD setting up manufacturing plants to penetrate developing vehicle markets abroad. This is increasing the production of vehicles and the application of polyamides in the country. Vehicle production in the country is expected to reach 64.7 million units in 2029 compared to 46.6 million units in 2022.
  • The packaging industry is expected to be the fastest-growing industry in terms of consumption of polyamides. It is predicted to register a CAGR of 8.22%, by value, during the forecast period [2023-2029]. Trends such as technology-enabled packaging, personalized packaging, and sustainable and environmentally friendly product-driven packaging, which aims to reduce carbon footprint, are expected to drive future demand for food and retail packaging. The packaging industry in countries like South Korea and China is among the fastest-growing in terms of polyamide consumption. These countries are projected to register CAGRs of 10.30% and 9.24%, respectively, by value, during the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Sub Resin Type
Aramid
Polyamide (PA) 6
Polyamide (PA) 66
Polyphthalamide
Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
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Asia-Pacific Polyamide Market Size Summary

The Asia-Pacific polyamide market is a significant segment within the global landscape, driven by its extensive application across various high-demand industries such as automotive, electronics, and packaging. Polyamides, known for their high-performance characteristics, including resistance to high temperatures and corrosive environments, are increasingly utilized in sectors like aerospace, telecommunications, and consumer goods. The region's dominance in polyamide consumption is underscored by its substantial share of the global market, with the automotive industry being the largest consumer. China's burgeoning automotive sector, alongside its role as a major exporter of vehicles, significantly contributes to the region's polyamide demand. Additionally, the packaging industry is poised for rapid growth, fueled by trends in technology-enabled and sustainable packaging solutions, particularly in countries like South Korea and China.

The market landscape is moderately consolidated, with key players such as Hangzhou Juheshun New Materials Co., Ltd., Highsun Holding Group, Koch Industries, Inc., LIBOLON, and Shenma Industrial Co., Ltd. holding a significant share. These companies are actively expanding their production capacities to meet the rising demand for polyamides. The electronics industry, particularly in ASEAN countries, plays a crucial role in the region's economic fabric, with Thailand and Malaysia leading in electronics production. The integrated production networks in ASEAN enhance trade with larger economies, further bolstering the demand for polyamides. Despite challenges posed by geopolitical tensions and the pandemic, the market has shown resilience, with a return to pre-pandemic demand levels and continued growth anticipated throughout the forecast period.

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Asia-Pacific Polyamide Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Sub Resin Type

      1. 1.2.1 Aramid

      2. 1.2.2 Polyamide (PA) 6

      3. 1.2.3 Polyamide (PA) 66

      4. 1.2.4 Polyphthalamide

    3. 1.3 Country

      1. 1.3.1 Australia

      2. 1.3.2 China

      3. 1.3.3 India

      4. 1.3.4 Japan

      5. 1.3.5 Malaysia

      6. 1.3.6 South Korea

      7. 1.3.7 Rest of Asia-Pacific

Asia-Pacific Polyamide Market Size FAQs

The Asia-Pacific Polyamide Market size is expected to reach USD 9.22 billion in 2024 and grow at a CAGR of 6.57% to reach USD 12.67 billion by 2029.

In 2024, the Asia-Pacific Polyamide Market size is expected to reach USD 9.22 billion.

Asia-Pacific Polyamide Market Report Snapshots

Asia-Pacific Polyamide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029