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Europe Polyamide Market Size

The Europe Polyamide Market is anticipated to experience significant growth over the forecast period, driven by its versatile properties that cater to various industries such as automotive, electrical and electronics, and aerospace. The market's expansion is influenced by the increasing demand for electric vehicles and advanced electronic devices, which are pivotal in the automotive and electrical sectors, respectively. Additionally, the aerospace industry is expected to contribute substantially to the market's growth due to the rising need for lighter and more fuel-efficient aircraft. Germany and France are notable markets within the region, with Germany leading in market share and France showing rapid growth, particularly in the aerospace and defense sectors. The packaging industry is also projected to witness the highest growth rate, further boosting the overall market size.

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Market Size of europe polyamide Industry

Europe Polyamide Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 4.79 Billion
svg icon Market Size (2029) USD 6.21 Billion
svg icon Largest Share by End User Industry Electrical and Electronics
svg icon CAGR (2024 - 2029) 5.33 %
svg icon Largest Share by Country Germany
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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Europe Polyamide Market Analysis

The Europe Polyamide Market size is estimated at 4.79 billion USD in 2024, and is expected to reach 6.21 billion USD by 2029, growing at a CAGR of 5.33% during the forecast period (2024-2029).

4.79 Billion

Market Size in 2024 (USD)

6.21 Billion

Market Size in 2029 (USD)

2.67 %

CAGR (2017-2023)

5.33 %

CAGR (2024-2029)

Largest Market by End-user Industry

27.85 %

value share, Electrical and Electronics, 2023

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Owing to a wide range of applications of various polyamides, including contactors, circuit breakers, current devices, gears, and motors, the electronics industry occupied the largest share.

Fastest Growing Market by End-user Industry

8.14 %

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

50.52 %

value share, Polyamide (PA) 6, 2023

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

Largest Market by Country

26.24 %

value share, Germany, 2023

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Having the highest revenue share of around 21.27% in the electronics and electrical industry in 2022, Germany occupied the largest share in the market.

Leading Market Player

17.99 %

market share, BASF SE, 2022

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With the largest production capacity of around 427 kilotons per year of PA resin in 2022 in Europe, the company held the largest share of the market. BASF offers various polyamides, including PA6, PA66, and other products.

Growing demand from automotive and electrical & electronics industries will drive market growth

  • Polyamide has several physical properties that make it ideal for manufacturing and industrial use, including abrasion, corrosion, chemical resistance, flame resistance, flexibility, and strength. The volume of European polyamide consumption increased by 3.3% in 2019 compared to 2017 due to increased demand, primarily from the automotive and electrical and electronics industries.
  • The European electrical and electronics industry has the highest consumption volume due to the surge in demand for electronic devices as a result of companies implementing work-from-home models and individuals establishing home offices. Technological advancements generate consistent demand for electronic devices year after year. The industry accounted for 26.9% of the total polyamide volume consumed in 2022, and the consumption volume increased by 1.5% in 2022 compared to 2017.
  • The automotive industry has the second-largest consumption rate due to the surge in vehicle production. The industry accounted for around 26.6% of the total polyamide volume consumed in 2022. Consumers are opting for electric vehicles due to government regulations on the manufacturing and production of internal combustion engines. Polyamide sales in the region are expected to increase due to the growing production of EVs and vehicles with the latest lightweight and higher fuel efficiency requirements.
  • The aerospace industry is expected to be the second fastest growing in terms of consumption value during the forecast period (2023-2029), with a CAGR of 7.97%, owing to the production of aircraft components in response to the growing demand for lighter and more fuel-efficient aircraft.
Europe Polyamide Market

Germany to remain dominant during the forecast period

  • In 2022, Europe accounted for 25% of the global polyamide (PA) consumption by volume. Polyamide's versatile properties make it applicable in various industries such as automotive, packaging, and electrical and electronics.
  • Germany was the largest market, recording a growth of 3.67% by value in 2022 compared to the previous year, attributed to the electrical and electronics and automotive industries, which held 26% and 28% of the market share, respectively, by volume. The surge in demand for electronic devices is a consequence of companies adopting work-from-home models and people setting up home offices. After months of negotiations, the EU reached an agreement to effectively ban new non-electric cars from 2035. This agreement has increased the sales of electric vehicles, which may boost the consumption of polyamides in the region.
  • France was the fastest-growing market, witnessing a growth of 6.39% in terms of value in 2022 compared to 2021. The electrical and electronics and aerospace industries are at the forefront of polyamide utilization in the country. France's aerospace and defense industry is export-driven and ranks second globally.
  • The market is projected to record a CAGR of 5.52% during the forecast period [2023-2029], with the packaging industry reporting the highest CAGR of 8.08% by value. The packaging production volume is expected to reach 39.8 million tons in 2029, up from 30 million tons in 2022, thereby increasing the consumption of polyamides in the future.

Europe 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. France, Germany, Italy, Russia, United Kingdom are covered as segments by Country.

  • Polyamide has several physical properties that make it ideal for manufacturing and industrial use, including abrasion, corrosion, chemical resistance, flame resistance, flexibility, and strength. The volume of European polyamide consumption increased by 3.3% in 2019 compared to 2017 due to increased demand, primarily from the automotive and electrical and electronics industries.
  • The European electrical and electronics industry has the highest consumption volume due to the surge in demand for electronic devices as a result of companies implementing work-from-home models and individuals establishing home offices. Technological advancements generate consistent demand for electronic devices year after year. The industry accounted for 26.9% of the total polyamide volume consumed in 2022, and the consumption volume increased by 1.5% in 2022 compared to 2017.
  • The automotive industry has the second-largest consumption rate due to the surge in vehicle production. The industry accounted for around 26.6% of the total polyamide volume consumed in 2022. Consumers are opting for electric vehicles due to government regulations on the manufacturing and production of internal combustion engines. Polyamide sales in the region are expected to increase due to the growing production of EVs and vehicles with the latest lightweight and higher fuel efficiency requirements.
  • The aerospace industry is expected to be the second fastest growing in terms of consumption value during the forecast period (2023-2029), with a CAGR of 7.97%, owing to the production of aircraft components in response to the growing demand for lighter and more fuel-efficient aircraft.
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
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
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Europe Polyamide Market Size Summary

The Europe Polyamide Market is poised for significant growth, driven by its versatile properties that make it suitable for various industrial applications. The material's resistance to abrasion, corrosion, and chemicals, along with its flexibility and strength, has led to increased consumption in sectors such as automotive, electrical, and electronics. The automotive industry, in particular, is witnessing a surge in polyamide usage due to the rising production of electric vehicles and the demand for lightweight, fuel-efficient vehicles. Meanwhile, the electrical and electronics sector remains the largest consumer of polyamide, fueled by the ongoing demand for electronic devices and technological advancements. The aerospace industry is also expected to contribute to the market's growth, with a focus on producing lighter and more fuel-efficient aircraft components.

Germany and France are key markets within Europe, with Germany leading in polyamide consumption due to its robust electrical and electronics and automotive industries. France is experiencing rapid growth, driven by its aerospace and defense sectors. The packaging industry is projected to see the highest growth rate in polyamide consumption, reflecting the increasing demand for packaging solutions. The market is moderately consolidated, with major players like BASF SE, Domo Chemicals, DSM, LANXESS, and Radici Partecipazioni SpA dominating the landscape. Recent developments, such as the introduction of new polyamide grades and sustainable resin solutions, highlight the industry's focus on innovation and sustainability. As Europe continues to advance in technology and sustainability, the demand for polyamide is expected to rise, supporting the market's expansion over the forecast period.

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Europe 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 France

      2. 1.3.2 Germany

      3. 1.3.3 Italy

      4. 1.3.4 Russia

      5. 1.3.5 United Kingdom

      6. 1.3.6 Rest of Europe

Europe Polyamide Market Size FAQs

The Europe Polyamide Market size is expected to reach USD 4.79 billion in 2024 and grow at a CAGR of 5.33% to reach USD 6.21 billion by 2029.

In 2024, the Europe Polyamide Market size is expected to reach USD 4.79 billion.

Europe Polyamide Market Report Snapshots

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