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North America Polyamide Market Size

The North America Polyamide Market is poised for significant growth, driven by its application in high-performance industries such as automotive, electronics, and telecommunications. The automotive sector, bolstered by trade agreements, currently holds the largest market share, while the electrical and electronics industry is emerging as the fastest-growing segment. The United States leads in consumption due to its robust automotive and packaging industries, with Mexico rapidly increasing its demand through its expanding automotive and consumer electronics markets. This growth trajectory underscores the increasing importance of polyamide in North America's industrial landscape.

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Market Size of north america polyamide Industry

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North America Polyamide Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 2.92 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 3.99 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Automotive
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 6.46 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country United States

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

Key Players

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North America Polyamide Market Analysis

The North America Polyamide Market size is estimated at 2.92 billion USD in 2024, and is expected to reach 3.99 billion USD by 2029, growing at a CAGR of 6.46% during the forecast period (2024-2029).

2.92 Billion

Market Size in 2024 (USD)

3.99 Billion

Market Size in 2029 (USD)

4.43 %

CAGR (2017-2023)

6.46 %

CAGR (2024-2029)

Largest Market by End-user Industry

29 %

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

8.71 %

Projected CAGR, Electrical and Electronics, 2024-2029

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Owing to the high temperature and electrical resistance, the demand for various polyamides is increasing in electronics, which is expected to grow at the fastest rate in the coming years.

Largest Market by Sub Resin Type

48.78 %

value share, Polyamide (PA) 6, 2023

PA 6 dominated the market due to its wide range of applications in industries such as automotive, electrical and electronics, aerospace, and construction.

Largest Market by Country

78.67 %

value share, United States, 2023

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With the highest share of around 66.27% in automotive production and around 86.33% of revenue share in electronics production in North America in 2022, the United States dominated the market for polyamides.

Leading Market Player

26.90 %

market share, Koch Industries, Inc., Inc.

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With the largest production capacity of around 522 kilotons per year of PA resins in 2022 in North America, the company held the largest market share.

Increasing demand from the automotive and electrical and electronics industries in Mexico may drive the market growth

  • 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.
  • The automotive industry occupied the largest market share in terms of consumption of polyamides in 2022. This can be attributed to the United States-Mexico-Canada agreement, which enforces that 75% of the components manufactured in the United States, Mexico, or Canada will avail zero tariffs, subsequently driving the demand for vehicles and polyamides in the region. For instance, vehicle production reached 14.5 million units in 2022 compared to 14 million units in the previous year.
  • The electrical and electronics industry occupied the second-largest market share in terms of consumption of polyamides in 2022, and it is expected to register a CAGR of 8.87% in terms of value during the forecast period, making it the fastest-growing industry.
  • There was a significant shift of consumers toward consumer electronics items like laptops, mobiles, and smart devices, as companies began adopting work-from-home models and people began setting up home offices. This caused a surge in the demand for consumer electronics. For instance, the electrical and electronics industry generated a production revenue of USD 378 billion in 2022 compared to USD 371 million in 2021.
  • Trends like using advanced materials, organic electronics, miniaturization, 5G, Artificial Intelligence (AI), and the Internet of Things (IoT) are expected to enable smart manufacturing practices. They are expected to work as growth drivers for the industry. The electrical and electronics production revenue is expected to reach USD 977 billion by 2029.
North America Polyamide Market

The United States is the largest consumer of polyamide resin in the region owing to its growing automotive and packaging industries

  • North America accounted for 15.6% by value of the global consumption of polyamide resin in 2022. Polyamide is a key polymer in North America for various industries, including automotive, packaging, and electrical and electronics.
  • The United States is the largest consumer of polyamide resin in the region, owing to its growing automotive and packaging industries. The automotive and electrical and electronics industries accounted for around 29.1% and 15.5%, respectively, by value of polyamide demand in the country in 2022. The rising automotive and electrical and electronics industries are projected to drive the demand for polyamide resin in the country during the forecast period. For instance, vehicle production in the country reached 9.6 million units in 2022 from 9.3 million units in 2021.
  • Mexico's demand for polyamide resin is increasing significantly due to increased revenue from vehicle production, plastic packaging production, and electrical and electronics production. The country's demand for polyamide resin is expected to be driven by the growing automotive and electrical and electronics industries. For instance, vehicle production in the country is expected to reach 5.9 million units in 2029 from 4.0 million units in 2023.
  • Mexico is expected to be the fastest-growing country in the North American polyamide market and is expected to register a CAGR of 8.39% by value during the forecast period (2023-2029). The country's consumer electronics market is also expanding at a rapid rate, and it is expected to reach USD 16.23 billion in 2027 from USD 10.36 billion in 2023. The growing US electrical and electronics industry is projected to drive the demand for polyamide resin in the country in the future.

North America 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. Canada, Mexico, United States 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.
  • The automotive industry occupied the largest market share in terms of consumption of polyamides in 2022. This can be attributed to the United States-Mexico-Canada agreement, which enforces that 75% of the components manufactured in the United States, Mexico, or Canada will avail zero tariffs, subsequently driving the demand for vehicles and polyamides in the region. For instance, vehicle production reached 14.5 million units in 2022 compared to 14 million units in the previous year.
  • The electrical and electronics industry occupied the second-largest market share in terms of consumption of polyamides in 2022, and it is expected to register a CAGR of 8.87% in terms of value during the forecast period, making it the fastest-growing industry.
  • There was a significant shift of consumers toward consumer electronics items like laptops, mobiles, and smart devices, as companies began adopting work-from-home models and people began setting up home offices. This caused a surge in the demand for consumer electronics. For instance, the electrical and electronics industry generated a production revenue of USD 378 billion in 2022 compared to USD 371 million in 2021.
  • Trends like using advanced materials, organic electronics, miniaturization, 5G, Artificial Intelligence (AI), and the Internet of Things (IoT) are expected to enable smart manufacturing practices. They are expected to work as growth drivers for the industry. The electrical and electronics production revenue is expected to reach USD 977 billion by 2029.
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
Canada
Mexico
United States
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North America Polyamide Market Size Summary

The North America polyamide market is poised for significant growth, driven by its application in high-performance industries such as automotive, electronics, and telecommunications. Polyamides, known for their ability to withstand high temperatures and corrosive environments, are increasingly utilized in these sectors due to their non-adhesive and low friction properties. The automotive industry, in particular, holds a substantial share of the market, bolstered by trade agreements like the United States-Mexico-Canada Agreement, which promotes local manufacturing and reduces tariffs. This has led to increased vehicle production, thereby boosting the demand for polyamides. Meanwhile, the electrical and electronics industry is emerging as the fastest-growing sector, with advancements in technology and a surge in consumer electronics demand driving its expansion.

The market landscape in North America is characterized by a consolidated structure, with major players such as AdvanSix, Ascend Performance Materials, BASF SE, Celanese Corporation, and Koch Industries dominating the scene. The United States leads in polyamide consumption, supported by its robust automotive and packaging industries. Mexico is also witnessing rapid growth in polyamide demand, fueled by its expanding automotive and electronics sectors. The region's electrical and electronics production is expected to grow significantly, driven by technological innovations and increased consumer electronics sales. This growth trajectory is supported by strategic investments and acquisitions by key industry players, enhancing their product offerings and market presence.

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North America 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 Canada

      2. 1.3.2 Mexico

      3. 1.3.3 United States

North America Polyamide Market Size FAQs

The North America Polyamide Market size is expected to reach USD 2.92 billion in 2024 and grow at a CAGR of 6.46% to reach USD 3.99 billion by 2029.

In 2024, the North America Polyamide Market size is expected to reach USD 2.92 billion.

North America Polyamide Market Report Snapshots

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