The global polyamide 11 & 12 market is expected to reach at a value of US$ 2,318.4 Mn by 2028 end
Reports and Insights has published a new report titled, “Polyamide 11 & 12 Market: Opportunity Analysis and Future Assessment 2022-2030”
Global Polyamide 11 & 12 Market, By Type (Polyamide 11 and Polyamide 12), By Processing (Injection Molding, Extrusion, Rotomolding, and Assembly Process), By Application (Automotive, Additive Manufacturing (3-D Printing), Energy, Consumer Goods, Industrial, Aerospace & Defense, Sports & Leisure, and Electronics) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
Polyamides are a class of synthetic, long-chain molecules that are made up of many repetitions of the amide group. Polyamide 11 is also called Nylon 11, and Polyamide 12 is also called Nylon 12. They are made by spinning chains of monomers together to form a polymer. Polyamides are biodegradable polymers made from natural resources. They are used in the production of insulation, plastics, and textiles However, there are two types of polyamides, polyamide 11 and polyamide 12.
Polyamide 11 was introduced in 1948, polyamide 11 is made up of the amide linkage between carbon atoms and hydrogen atoms, so it lacks hydrogen on its backbone and it is 100% synthesized, while polyamide 12 is mainly created from petroleum and it has additional hydrogen on its backbone. These differ only in the arrangement of their atoms. Polyamide 11 is a more flexible material which is not as resistant to heat and can be dyed into any color after it is woven, whereas polyamide 12 is a stiffer material and has less stretch than polyamide 11.
With increasing technological advancements across healthcare & automotive industries, demand for new product manufacturing & developments are expected to boost the growth of these industries, further augmenting the economic growth of this target market in the process.
3D printing technologies is on the rise and is gaining popularity over various industries coupled with the rising adoption by manufacturers. Usage of polyamides is also expected to increase due to their properties such as resistant to different chemicals. This increasing adoption of 3D printing technology is slated to increase demand and create opportunities for players to extent & strengthen their customer base.
significant performance and cost advantages over the traditional plastics that are being used for decades. There are many benefits to using polyamides such as their high elasticity, high chemical resistance, and good adhesion and bonding properties. These properties associated with the usage of polyamides are expected to create opportunities for new market entrant as well as existing players to increase their product portfolio, production capacities, and increase their respective geographic presence.
Electric vehicles are gaining popularity, as various governments have eased tax and are also offering subsidies. Electric vehicle requires huge battery sets and these battery sets require cooling. For cooling purposes battery lines are being made from polyamide 11, to save cost. This is trend observed in the automotive industry, and with the increasing demand for EVs, the demand for polyamides will increase.
Some of the key participating players in global polyamide 11 & 12 market are Arkema, Evonik Industries Ltd., EMS-Chemie Holding AG, and RTP Company
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