Long-Chain Polyamide Market: Information by Application (Fuel Lines, Cooler Hoses), End-User (Electrical and Electronics, Consumer Goods and Retail, Energy), and Region—Forecast till 2029

Feb 11, 2021   Polyamide refers to a polymer that features recurring amide groups, R―CO―NH―R′, as integral parts of the main polymer chain. The primary raw materials used in these polyamides are hexamethylenediamine, adipic acid, and caprolactam. Long-chain polyamides (PA) are a long alkane segment of polyamide that incorporates PA12, PA11, PA610, PA612, PA410, PA1010, and PA1012 and are used to produce monofilaments, which are utilized in an expansive scope of high compound obstruction and excellent dim...
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Polyamide refers to a polymer that features recurring amide groups, R―CO―NH―R′, as integral parts of the main polymer chain. The primary raw materials used in these polyamides are hexamethylenediamine, adipic acid, and caprolactam. Long-chain polyamides (PA) are a long alkane segment of polyamide that incorporates PA12, PA11, PA610, PA612, PA410, PA1010, and PA1012 and are used to produce monofilaments, which are utilized in an expansive scope of high compound obstruction and excellent dimensional steadiness uses. These are obtained from the polycondensation of hexamethylenediamine and sebacic acid and are extracted from the castor oil plant's seeds, which accounts for more than 60% by weight PA610.

Long-Chain polyamides are used for countless applications that require chemical resistance and good dimensional stability because of their toughness, high strength, corrosion resistance, and wear resistance properties. It has these properties as it contains a small average number of amide groups in the main chain, making the cross-linking density of the hydrogen bond low, resulting in a flexible chain nature of long-chain polyamides. Moreover, because of the increasing length of carbon-chain in diacid or diamine, the long-chain polyamide exhibits better processability, which has resulted in its broad range of applications across various industries, especially automobile and electrical and electronics industries.

Therefore, the global Long-Chain polyamide market is anticipated to increase during the forecast period due to a broad range of applications in different end-use industries. However, the complex procedures used in preparing these polyamides have raised their price, which may restrict this market's growth.

Market Dynamics

Growing Automotive Industry to Fuel the Demand for Long-Chain Polyamides

The growth in the long-chain polyamide market is expected to be driven by the automotive industry's growth. Long-chain polyamides are used in the automotive industry to fulfill the need for automotive thermal management components. It finds its extensive applications in this industry due to its excellent balance of oil resistance, mechanical strength, toughness, thermal stability, and design flexibility. These are mostly used in electrical systems such as cable harnesses, lamp holders, fuel supply systems like quick-action couplings, fuel filter housings, and fuel lines; in engine compartments such as inlet pipe and intake manifold oil sensors, and many others.

The growing automotive industry in developing nations such as India, and China, where the population is continuously increasing, is expected to boost the overall growth of the industry and demand for long-chain polyamides, thus driving this market's growth. Furthermore, according to the report shared by the American Automotive Policy Council (AAPC) in 2018, U.S. auto production is expected to exceed 11.5 million vehicles per year through 2021 and reach 12 million by 2025, indicating that the industry is growing in developing economies and also the developed ones.

Rising Electrical and Electronics Sector to Create Incremental Opportunities for the Growth of This Market

The ever-growing electrical and electronics sector is creating incremental opportunities for the manufacturers of the long-chain polyamides market. These long-chain polyamides are used in display technologies, smart devices, mobile electronics, home electronics, and electrical components.

Additionally, as the electronic devices and assemblies are getting smaller, they dissipate high amounts of heat. The demand for these polyamides has risen sharply, further anticipated to boost the demand for long-chain polyamides. In addition to this, this sector's growth in emerging economies will also propel the demand for these polyamides due to industrialization and rising demands for various kinds of electronic products by the population.

According to the Indian Brand Equity Foundation (IBEF), the appliance and consumer electronics (ACE) market in the country was valued at 31.48 USD Billion in 2017, further projected to reach 48.37 USD Billion by 2022. The below figure shows the growth of this industry over the years, which is further anticipated to grow in the near future.

Figure 1:Revenue for 2017-19, USD Billion

Revenue-for-2017-19-USD-Billion

Source: Brazilian Electrical and Electronics Association

Cost Sensitiveness of Automotive Industry may Hamper the Growth of the Market

The fluctuating prices of the vehicles in the automotive industry are expected to restrict the global Long-Chain polyamide market's growth. The rise in these vehicles' prices due to low supply or various other factors is anticipated to have a negative influence over the demand for these long-chain polyamides. The increased prices in this industry will lead to less automobile production as there will be less demand by the individuals, which will further restrict the demand for these polyamides.

Global Long-Chain Polyamide by Geography

Based on geography, the Long-Chain Polyamide market is categorized into North America, Europe, Asia-Pacific, Central, South America, the Caribbean, the Middle East, and Africa. The Asia-Pacific is expected to hold the largest market share during the forecast period due to emerging economies that have increased the usage of long-chain polyamides across various industries such as automotive, electricals and electronics, consumer goods, and others.

The demand for long-chain polyamides is expected to increase in this region because of the large-scale investments in the automobile sector, where it is widely used. Due to the growing population and urbanization, the sector is expected to see a surge in demand in the Asia-Pacific region. The rising demand for luxury cars by the consumers due to the increase in consumers' purchasing power is also expected to impact the growth of the long-chain polyamide market positively. They fulfill the need for automotive thermal management components and maintain excellent toughness and strength during their exposure to hot automobile fluids.

As per the National Investment Promotion and Facilitation Agency, the industry currently manufactures 26 million vehicles, including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles, out of which 4.7 million were exported in the year 2019-20 and the overall automobile exports marked growth of 2.95% in that year. Moreover, this sector has also attracted 2.4 USD billion FDI from April 2000 - June 2020 in the country; accounting for 5.1% of the total FDI inflows and is expected to reach 300 USD billion by 2026 from 118 USD billion in 2020, which shows the rapid growth of the automotive sector in emerging economies.

Furthermore, the growing electrical and electronics industry in this region due to electricity fluctuations has led to electric protection devices' demand. The rising demand It is anticipated to boost the demand for long-chain polyamides. These are more compact than their alternatives and can be easily integrated with other components used in the products. Therefore, this region is anticipated to have maximum growth in this market.

Key Players

  • BASF SE
  • Evonik Industries AG
  • Arkema S.A.
  • Dupont De Nemours, Inc.
  • Royal DSM N.V.
  • Asahi Kasei Corporation
  • LG Chem Ltd
  • INVISTA
  • Solvay America, Inc.
  • RadiciGroup

The global Long-Chain polyamide market consists of a considerable number of both small and big players. The big players of this market have adopted strategies such as acquisitions and expansions to achieve growth in the long-chain polyamide market and increase their market shares. For instance, BASF SE signed an agreement with Solvay to acquire its integrated polyamide business in 2019.

Key Developments

  • In September 2019, BASF signed an agreement with Solvay to acquire its non-European PA6.6 polyamide business for USD 1.77 billion, which includes a 50% share of the company Butachimie's adiponitrile (ADN) production as per the agreement made in 2017.

Long-Chain Polyamide Market Segmentation

By Application

  • Fuel Lines
  • Cooler Hoses
  • Corrugated Tubes
  • Oil and Gas Transportation
  • Sensors and Solenoids
  • Others

By End-User

  • Automotive and Transportation
  • Electrical and Electronics
  • Consumer Goods and Retail
  • Energy
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • Middle East
  • Africa

Frequently Asked Questions (FAQs)

The growing automotive industry, rising electrical and electronics sector, rising demands for various kinds of electronic products by the population are the key factors expected to drive Long-Chain Polyamide Market during the forecast period.
BASF SE, Evonik Industries AG, Arkema S.A., Dupont De Nemours, Inc., Royal DSM N.V., Asahi Kasei Corporation, LG Chem Ltd, INVISTA, Solvay America, Inc., RadiciGroup are the top players in Long-Chain Polyamide Market.
Asia Pacific is expected to hold the highest market share in Long-Chain Polyamide Market.
Automotive and Transportation Segment is expected to be the leading segment in Long-Chain Polyamide Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.

Polyamide refers to a polymer that features recurring amide groups, R―CO―NH―R′, as integral parts of the main polymer chain. The primary raw materials used in these polyamides are hexamethylenediamine, adipic acid, and caprolactam. Long-chain polyamides (PA) are a long alkane segment of polyamide that incorporates PA12, PA11, PA610, PA612, PA410, PA1010, and PA1012 and are used to produce monofilaments, which are utilized in an expansive scope of high compound obstruction and excellent dimensional steadiness uses. These are obtained from the polycondensation of hexamethylenediamine and sebacic acid and are extracted from the castor oil plant's seeds, which accounts for more than 60% by weight PA610.

Long-Chain polyamides are used for countless applications that require chemical resistance and good dimensional stability because of their toughness, high strength, corrosion resistance, and wear resistance properties. It has these properties as it contains a small average number of amide groups in the main chain, making the cross-linking density of the hydrogen bond low, resulting in a flexible chain nature of long-chain polyamides. Moreover, because of the increasing length of carbon-chain in diacid or diamine, the long-chain polyamide exhibits better processability, which has resulted in its broad range of applications across various industries, especially automobile and electrical and electronics industries.

Therefore, the global Long-Chain polyamide market is anticipated to increase during the forecast period due to a broad range of applications in different end-use industries. However, the complex procedures used in preparing these polyamides have raised their price, which may restrict this market's growth.

Market Dynamics

Growing Automotive Industry to Fuel the Demand for Long-Chain Polyamides

The growth in the long-chain polyamide market is expected to be driven by the automotive industry's growth. Long-chain polyamides are used in the automotive industry to fulfill the need for automotive thermal management components. It finds its extensive applications in this industry due to its excellent balance of oil resistance, mechanical strength, toughness, thermal stability, and design flexibility. These are mostly used in electrical systems such as cable harnesses, lamp holders, fuel supply systems like quick-action couplings, fuel filter housings, and fuel lines; in engine compartments such as inlet pipe and intake manifold oil sensors, and many others.

The growing automotive industry in developing nations such as India, and China, where the population is continuously increasing, is expected to boost the overall growth of the industry and demand for long-chain polyamides, thus driving this market's growth. Furthermore, according to the report shared by the American Automotive Policy Council (AAPC) in 2018, U.S. auto production is expected to exceed 11.5 million vehicles per year through 2021 and reach 12 million by 2025, indicating that the industry is growing in developing economies and also the developed ones.

Rising Electrical and Electronics Sector to Create Incremental Opportunities for the Growth of This Market

The ever-growing electrical and electronics sector is creating incremental opportunities for the manufacturers of the long-chain polyamides market. These long-chain polyamides are used in display technologies, smart devices, mobile electronics, home electronics, and electrical components.

Additionally, as the electronic devices and assemblies are getting smaller, they dissipate high amounts of heat. The demand for these polyamides has risen sharply, further anticipated to boost the demand for long-chain polyamides. In addition to this, this sector's growth in emerging economies will also propel the demand for these polyamides due to industrialization and rising demands for various kinds of electronic products by the population.

According to the Indian Brand Equity Foundation (IBEF), the appliance and consumer electronics (ACE) market in the country was valued at 31.48 USD Billion in 2017, further projected to reach 48.37 USD Billion by 2022. The below figure shows the growth of this industry over the years, which is further anticipated to grow in the near future.

Figure 1:Revenue for 2017-19, USD Billion

Revenue-for-2017-19-USD-Billion

Source: Brazilian Electrical and Electronics Association

Cost Sensitiveness of Automotive Industry may Hamper the Growth of the Market

The fluctuating prices of the vehicles in the automotive industry are expected to restrict the global Long-Chain polyamide market's growth. The rise in these vehicles' prices due to low supply or various other factors is anticipated to have a negative influence over the demand for these long-chain polyamides. The increased prices in this industry will lead to less automobile production as there will be less demand by the individuals, which will further restrict the demand for these polyamides.

Global Long-Chain Polyamide by Geography

Based on geography, the Long-Chain Polyamide market is categorized into North America, Europe, Asia-Pacific, Central, South America, the Caribbean, the Middle East, and Africa. The Asia-Pacific is expected to hold the largest market share during the forecast period due to emerging economies that have increased the usage of long-chain polyamides across various industries such as automotive, electricals and electronics, consumer goods, and others.

The demand for long-chain polyamides is expected to increase in this region because of the large-scale investments in the automobile sector, where it is widely used. Due to the growing population and urbanization, the sector is expected to see a surge in demand in the Asia-Pacific region. The rising demand for luxury cars by the consumers due to the increase in consumers' purchasing power is also expected to impact the growth of the long-chain polyamide market positively. They fulfill the need for automotive thermal management components and maintain excellent toughness and strength during their exposure to hot automobile fluids.

As per the National Investment Promotion and Facilitation Agency, the industry currently manufactures 26 million vehicles, including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles, out of which 4.7 million were exported in the year 2019-20 and the overall automobile exports marked growth of 2.95% in that year. Moreover, this sector has also attracted 2.4 USD billion FDI from April 2000 - June 2020 in the country; accounting for 5.1% of the total FDI inflows and is expected to reach 300 USD billion by 2026 from 118 USD billion in 2020, which shows the rapid growth of the automotive sector in emerging economies.

Furthermore, the growing electrical and electronics industry in this region due to electricity fluctuations has led to electric protection devices' demand. The rising demand It is anticipated to boost the demand for long-chain polyamides. These are more compact than their alternatives and can be easily integrated with other components used in the products. Therefore, this region is anticipated to have maximum growth in this market.

Key Players

  • BASF SE
  • Evonik Industries AG
  • Arkema S.A.
  • Dupont De Nemours, Inc.
  • Royal DSM N.V.
  • Asahi Kasei Corporation
  • LG Chem Ltd
  • INVISTA
  • Solvay America, Inc.
  • RadiciGroup

The global Long-Chain polyamide market consists of a considerable number of both small and big players. The big players of this market have adopted strategies such as acquisitions and expansions to achieve growth in the long-chain polyamide market and increase their market shares. For instance, BASF SE signed an agreement with Solvay to acquire its integrated polyamide business in 2019.

Key Developments

  • In September 2019, BASF signed an agreement with Solvay to acquire its non-European PA6.6 polyamide business for USD 1.77 billion, which includes a 50% share of the company Butachimie's adiponitrile (ADN) production as per the agreement made in 2017.

Long-Chain Polyamide Market Segmentation

By Application

  • Fuel Lines
  • Cooler Hoses
  • Corrugated Tubes
  • Oil and Gas Transportation
  • Sensors and Solenoids
  • Others

By End-User

  • Automotive and Transportation
  • Electrical and Electronics
  • Consumer Goods and Retail
  • Energy
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • Middle East
  • Africa

Frequently Asked Questions (FAQs)

The growing automotive industry, rising electrical and electronics sector, rising demands for various kinds of electronic products by the population are the key factors expected to drive Long-Chain Polyamide Market during the forecast period.
BASF SE, Evonik Industries AG, Arkema S.A., Dupont De Nemours, Inc., Royal DSM N.V., Asahi Kasei Corporation, LG Chem Ltd, INVISTA, Solvay America, Inc., RadiciGroup are the top players in Long-Chain Polyamide Market.
Asia Pacific is expected to hold the highest market share in Long-Chain Polyamide Market.
Automotive and Transportation Segment is expected to be the leading segment in Long-Chain Polyamide Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.