Global Players that Constitute just ~5% of the Competitors Hold ~30% of Market Share Despite the Presence of about 400 Competitors, finds a recent market study on Global Polyamide Market by Ken Research
Polyamide is found both naturally (silk and wool) as well as through synthetic sources like aramid, polyamide 6, and more. It is being increasingly adopted due to artificial polyamide’s characteristics like strong mechanical qualities, wear resistance, chemical resistance, and low gas permeability along with natural polyamide’s eco-friendly nature.
Ken Research shares 3 key insights on this high-opportunity market from its latest research study.
1. Country Niche Players Constitute ~60% of the Competitors Followed by Regional Players with ~35% by Type
A comprehensive competitive analysis conducted during the Research Study found that the Global Polyamide Market is highly competitive with ~400 players which include globally diversified players, regional players, as well as a large number of country-niche players who have their niche in polyamide for multiple industries. The global players comprise ~5% of the competition and hold ~30% of the market revenue share.
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2. Competitors in the Market are Adopting Various Expansion Strategies Such as Mergers & Acquisitions and Product Development
With numerous global corporations and small producers conducting their operations through a variety of products and a vast distribution network, the market is considerably competitive by nature. From product manufacturing to final product distribution to multiple places, the enterprises in the sector have a high degree of integration.
To strengthen their positions in the market, well-known businesses that operate employ the acquisition route.
For instance, Laird Performance Materials was purchased by DuPont in July 2021. Through this acquisition, DuPont is able to better position itself in the market by integrating Laird Performance Materials into its Electronics & Industrial Interconnect Solutions (ICS) division.
Companies also use various tactics to increase their yearly sales, such as mergers, expansion, and new product releases.
3. Increased Adoption of Polyamide in Various Parts of the World leading to Major Industry-Wide Developments, Acquisitions, and Deal-Wins
- In March 2022, LANXESS provided its clients with processors of its Durethan polyamides and Pocan polyesters (PBT) certified figures for the carbon footprint of the base resins. The glass fibers produced by LANXESS in Antwerp as well as the polyamide 6 precursor caprolactam were both certified by an authorized verification agency.
- In February 2020, Clariant joined hands with Lavergne to manufacture halogen-free flame-retardant compounds for electronic products. Clariant's Exolit OP halogen-free flame-retardant polyamide and recycled plastic are combined to create the compound. With this development, the company will be able to develop new applications for plastics.
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Key Topics Covered in the Report
- Snapshot of Global Polyamide Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Polyamide Market
- Historic Growth of the Overall Global Polyamide Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Polyamide Market
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- COVID-19 Impact on the Overall Global Polyamide Market
- Future Market Forecast and Growth Rates of the Total Global Polyamide Market and by Segments
- Market Size of Product / Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Polyamide Market in Major Regions
- Major Production / Consumption Hubs in the Major Regions
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Regions
Major Players Profiled in the Report
- Honeywell International Inc.
- BASF SE
- Evonik Industries AG
- DuPont de Nemours Inc.
- Teijin Limited
- LANXESS AG
- Invista
- Solvay SA
- Koninklijke DSM NV
- Domo Chemicals GmbH
- Mitsubishi Chemical Holdings
Emerging Companies Mentioned in the Report
- Toray Industries, Inc.
- Premier Chemical Industries
- Ter Chemicals Distribution Group
- Norelem
- Viscofan Group
For More Information on the Research Report, refer to below links: –
Global Polyamide Market: Ken Research
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Ankur Gupta, Head Marketing & Communications
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