Thermosetting Polyamide Market Size, Trends and Insights By Technology (Extrusion Molding, Hot Compression Molding, Direct Forming, Isotactic Pressing, Other), By Application (Aerospace, Automotive, Electronics Appliances, Construction, Adhesives, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- DuPont
- Mitsui Chemicals
- SABIC
- Saint Gobain
- General
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Thermosetting Polyamide Market size was estimated at USD 25.89 Billion in 2021 and is expected to reach USD 29.11 billion in 2022 and is expected to hit around USD 54.95 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030.
Thermosetting polyamide is an amorphous engineering plastic. It is also called thermosetting and thermoplastic. It possesses exceptional physical and chemical resistance properties. It is widely used in water pipelines, automotive parts, medical equipment, construction machinery, signage, storage boxes, electrical plugs and casings, kitchen appliances, and toys.
The global thermosetting polyamide market is evolving, and companies are now focusing more on strengthening and consolidating R&D activities; thereby increasing the production capacity of thermosetting polyamide thus, driving the market growth by catering to the need for thermosetting polyamide in above mentioned end-use industries.
Growth Factors.
The growing use of thermosetting polyamide in the automobile and aerospace sectors will aid market growth.
The massive use of thermosetting polyamide in various end-use industries due to its favorable features is anticipated to drive demand for it during the forecast period.
The demand for thermosetting polyamides is multiplying in the automotive industry due to their high strength, flexibility, and thermal conductivity attributes. Furthermore, thermosetting polyamide is widely preferred in manufacturing various auto components. This is projected to propel the growth of the thermosetting polyamide market in the automotive industry.
Furthermore, the medical devices manufacturing industry is multiplying owing to the rise in diseases, advancement in technology, and government support for the medical industry have spurred the thermosetting polyamide market. Thermosetting polyamide is extensively used in the manufacturing process of medical devices. It is used primarily where stiffness, high strength, and structural integrity requires. This factor is positively driving the market during the forecast period.
Moreover, factors such as the rise in population across the globe and well established industrial sector in both developed and developing economies have enhanced the performance of thermosetting polyamides in the industrial sector, wherein it is used in the gaskets, pipes, inserts, insulation coatings, seals, and other manufacturing equipment. Therefore, this factor is expected to increase the potential sales of thermosetting polyamide, thus, offering the most remunerative opportunities for the future.
Thermosetting polyamide market Segmentation.
Thermosetting polyamide market, segmented by Technology
Depending upon the technology, the thermosetting polyamide market is segmented into extrusion molding, hot compression molding, direct forming, and isotactic pressing.
The extrusion molding-based technology type segment dominated the market in 2021 and held 36.56% of the total market share over the forecast period. Extrusion molding-based technology is widely used in the automotive industry, where it is used to manufacture different shapes of various auto components. Polyamide is an excellent source of thermal insulation, resistance to chemicals, and temperature. It possesses high strength & flexibility, due to which it is the most preferred TP’s in various industries, including aerospace, adhesive & sealants, fabric, and the automotive sector has enhanced the growth of polyurethane-based thermosetting polyamide during the forecast period.
Thermosetting polyamide market, a segment based on the Application
The global thermosetting polyamide market is studied across aerospace, automotive, electronics, construction, adhesives, and others. It is expected that the international automotive industry segment to hold a dominant position during 2022 -2031 and account for 43.67% of the total market share.
Thermosetting polyamides are used mainly uses extrusion-molding technology for the production of different shapes of auto-components. In addition, it is resistant to chemicals, temperature, and high flexibility used to monitor air inlets and exhaust for improved engine operation. For instance, according to a report published by for India Brand Equity Foundation in July 2022, India’s annual production of automobiles in FY22 was 22.93 million. These factors are expected to enhance the demand for the thermosetting polyamide market.
Furthermore, the building and construction sector is expected to grow over the forecast period. This is attributed to the growing young population, rise in demand for building, and advancement in infrastructure development have driven the demand for TP, which is used for thermal and acoustic insulation purposes.
Other segments, such as the electric, industrial, adhesives, and consumer goods sector, show positive growth during the forecast period due to growing demand for Thermosetting polyamide.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 25.89 Billion |
| Projected Market Size in 2030 | USD 54.95 Billion |
| Market Size in 2022 | USD 29.11 Billion |
| CAGR Growth Rate | 5.8% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | DuPont, Mitsui Chemicals, SABIC, Saint Gobain, General, Toray International, Taimide, Shinmax Technology, Stratasys, 3E Etese, Arakawa Chemica, Kaneka High Tech Materials, Nitto Denko, Sumitomo Bakelite Co. Ltd., U-PICA Company Ltd., and Others |
| Key Segment | By Technology, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Regional Analysis
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the dominant region in the thermosetting polyamide market and accounted for 36.89% of the total market share during the forecast period. This region is also anticipated to maintain its dominance throughout the forecast period. Countries such as China, Japan, India, and others significantly contribute to the region’s thermosetting polyamide market growth.
Critical factors for the growing automotive, electric vehicle, building and construction, aerospace, and other end-use industry has surged the demand for thermosetting polyamide. Furthermore, the Indian automobile industry contributes almost 6.4% of India’s GDP and 35% of the manufacturing GDP. It is leading employers to provide where TP’s are used extensively in the automobile sector as a substitute over metals, offering additional benefits such as drastically reducing the weight of vehicles and allowing better fuel efficiency and handling. These factors together increase the usage of thermosetting polyamide in the growing automotive industry.
A tremendous surge in construction and electronics activity in developed and developing economies such as China, India, Japan, South Korea, and other Asia-Pacific nations has enhanced the demand for thermosetting polyamide. Additionally, favorable government policies and financing, expansion of research and innovation activities to enhance the production technology for thermosetting polyamides.
In addition, countries such as Japan and Taiwan constantly expand their electrical & automation manufacturing output. As a result, thermosetting polyamide is widely employed in various electrical & electronic products such as wires, cables, and other electronic components, which help in quick and efficient bioelectric sensory devices. For instance, according to a report published by Hennessy Funds, Japan accounts for around 30% market for supplying factory automation products in the world. These factors are escalating the demand for thermosetting polyamide in the Asia-Pacific region.
Due to government support, Europe, North America, and the LAMEA region have shown positive growth in the thermosetting polyamide market. R&D activities on thermosetting polyamide have spurred market growth. In addition, the increase in the population and the rise in demand for automobiles and electric vehicles in North America and European regions have enhanced the overall market for thermosetting polyamide.
Key Players
- DuPont
- Mitsui Chemicals
- SABIC
- Saint Gobain
- General
- Toray International
- Taimide
- Shinmax Technology
- Stratasys
- 3E Etese
- Arakawa Chemical
- Kaneka High Tech Materials
- Nitto Denko
- Sumitomo Bakelite Co. Ltd.
- U-PICA Company Ltd.
Key Insights:
• The extrusion molding technology segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 36.56%.
• Global automotive application segment held a dominant position during 2022 -2031 and accounted for 43.67% of the total market share during the forecast period.
• Asia-Pacific is the dominant region in the bio-butanol market, with a total market share of 36.89% during the forecast period.
Recent Development:
- In September 2018, Lubrizol Corp. launched a new product named thermosetting polyamide material for medical applications. This strategic product launch has strengthened Lubrizol’s product portfolio for thermosetting polyamide.
- In February 2020: BASF has expanded its polyamide business, and it will start marketing several polyamides (PA) and polyphthalamide (PPA) grades in Europe that it acquired as part of the takeover of Solvay’s PA66 business. This strategic business expansion has enhanced the polyamide business in the Europe region.
COVID-19 Analysis
The thermosetting polyamide market has had a negative impact due to the COVID-19 pandemic. Owing to the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.
Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain due to government restrictions during the lockdown.
However, the thermosetting polyamide market faced several difficulties with material supply chain disruptions, and labor shortages, in 2020.
Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the cosmetics sector. Also, several thermosetting polyamide-based product manufacturing companies have shut down or shrunk their operations due to the risk of infection among the workforce.
This has temporarily hampered the demand and supply chain of the thermosetting polyamide market. In addition, the falling income of customers has led contraction in demand for glasses, refractory materials, and others during the COVID-19 period.
In the first quarter of 2021, the market for thermosetting polyamide has experienced an increase in the demand for thermosetting polyamide chemicals in pharmaceutical, healthcare, and other end-use industry worldwide, compared to that in 2020.
Segments covered in the report
By Technology
- Extrusion Molding
- Hot Compression Molding
- Direct Forming
- Isotactic Pressing
- Other
By Application
- Aerospace
- Automotive
- Electronics Appliances
- Construction
- Adhesives
- Others
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Thermosetting Polyamide Market, (2022 – 2030) (USD Billion)
- 2.2 Global Thermosetting Polyamide Market : snapshot
- Chapter 3. Global Thermosetting Polyamide Market – Industry Analysis
- 3.1 Thermosetting Polyamide Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising demand in the automotive industry
- 3.2.2 Increased energy saving consciousness in developing nations
- 3.2.3 Rising worldwide demand for electric vehicles
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Technology
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global Thermosetting Polyamide Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Thermosetting Polyamide Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Thermosetting Polyamide Market – Technology Analysis
- 5.1 Global Thermosetting Polyamide Market overview: By Technology
- 5.1.1 Global Thermosetting Polyamide Market share, By Technology, 2021 and 2030
- 5.2 Extrusion Molding
- 5.2.1 Global Thermosetting Polyamide Market by Extrusion Molding, 2022 – 2030 (USD Billion)
- 5.3 Hot Compression Molding
- 5.3.1 Global Thermosetting Polyamide Market by Hot Compression Molding, 2022 – 2030 (USD Billion)
- 5.4 Direct Forming
- 5.4.1 Global Thermosetting Polyamide Market by Direct Forming, 2022 – 2030 (USD Billion)
- 5.5 Isotactic Pressing
- 5.5.1 Global Thermosetting Polyamide Market by Isotactic Pressing, 2022 – 2030 (USD Billion)
- 5.6 Other
- 5.6.1 Global Thermosetting Polyamide Market by Other, 2022 – 2030 (USD Billion)
- 5.1 Global Thermosetting Polyamide Market overview: By Technology
- Chapter 6. Global Thermosetting Polyamide Market – Application Analysis
- 6.1 Global Thermosetting Polyamide Market overview: By Application
- 6.1.1 Global Thermosetting Polyamide Market share, By Application, 2021 and 2030
- 6.2 Aerospace
- 6.2.1 Global Thermosetting Polyamide Market by Aerospace, 2022 – 2030 (USD Billion)
- 6.3 Automotive
- 6.3.1 Global Thermosetting Polyamide Market by Automotive, 2022 – 2030 (USD Billion)
- 6.4 Electronics Appliances
- 6.4.1 Global Thermosetting Polyamide Market by Electronics Appliances, 2022 – 2030 (USD Billion)
- 6.5 Construction
- 6.5.1 Global Thermosetting Polyamide Market by Construction, 2022 – 2030 (USD Billion)
- 6.6 Adhesives
- 6.6.1 Global Thermosetting Polyamide Market by Adhesives, 2022 – 2030 (USD Billion)
- 6.7 Others
- 6.7.1 Global Thermosetting Polyamide Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Thermosetting Polyamide Market overview: By Application
- Chapter 7. Thermosetting Polyamide Market – Regional Analysis
- 7.1 Global Thermosetting Polyamide Market Regional Overview
- 7.2 Global Thermosetting Polyamide Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Thermosetting Polyamide Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Thermosetting Polyamide Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Thermosetting Polyamide Market, 2022 – 2030 (USD Billion)
- 7.4 North America Thermosetting Polyamide Market, by Technology, 2022 – 2030
- 7.4.1 North America Thermosetting Polyamide Market, by Technology, 2022 – 2030 (USD Billion)
- 7.5 North America Thermosetting Polyamide Market, by Application, 2022 – 2030
- 7.5.1 North America Thermosetting Polyamide Market, by Application, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Thermosetting Polyamide Market, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Thermosetting Polyamide Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Thermosetting Polyamide Market, 2022 – 2030 (USD Billion)
- 7.7 Europe Thermosetting Polyamide Market, by Technology, 2022 – 2030
- 7.7.1 Europe Thermosetting Polyamide Market, by Technology, 2022 – 2030 (USD Billion)
- 7.8 Europe Thermosetting Polyamide Market, by Application, 2022 – 2030
- 7.8.1 Europe Thermosetting Polyamide Market, by Application, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Thermosetting Polyamide Market, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Thermosetting Polyamide Market, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Thermosetting Polyamide Market, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Thermosetting Polyamide Market, by Technology, 2022 – 2030
- 7.10.1 Asia Pacific Thermosetting Polyamide Market, by Technology, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Thermosetting Polyamide Market, by Application, 2022 – 2030
- 7.11.1 Asia Pacific Thermosetting Polyamide Market, by Application, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Thermosetting Polyamide Market, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Thermosetting Polyamide Market, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Thermosetting Polyamide Market, 2022 – 2030 (USD Billion)
- 7.13 Latin America Thermosetting Polyamide Market, by Technology, 2022 – 2030
- 7.13.1 Latin America Thermosetting Polyamide Market, by Technology, 2022 – 2030 (USD Billion)
- 7.14 Latin America Thermosetting Polyamide Market, by Application, 2022 – 2030
- 7.14.1 Latin America Thermosetting Polyamide Market, by Application, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Thermosetting Polyamide Market, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Thermosetting Polyamide Market, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Thermosetting Polyamide Market, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Thermosetting Polyamide Market, by Technology, 2022 – 2030
- 7.16.1 The Middle-East and Africa Thermosetting Polyamide Market, by Technology, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Thermosetting Polyamide Market, by Application, 2022 – 2030
- 7.17.1 The Middle-East and Africa Thermosetting Polyamide Market, by Application, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 DuPont
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Mitsui Chemicals
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 SABIC
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Saint Gobain
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 General
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Toray International
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Taimide
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Shinmax Technology
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Stratasys
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 3E Etese
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Arakawa Chemica
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Kaneka High Tech Materials
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Nitto Denko
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Sumitomo Bakelite Co. Ltd.
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 U-PICA Company Ltd.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.1 DuPont
List Of Figures
Figures No 1 to 25
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
FAQs
“Asia-Pacific” region will lead the global Thermosetting Polyamide market during the forecast period 2022 to 2030.
The key factors driving the market are rising demand in the automotive industry, increased energy saving consciousness in developing nations, and rising worldwide demand for electric vehicles.
The key players operating in the Thermosetting Polyamide market are DuPont, Mitsui Chemicals, SABIC, Saint Gobain, General, Toray International, Taimide, Shinmax Technology, Stratasys, 3E Etese, Arakawa Chemica, Kaneka High Tech Materials, Nitto Denko, Sumitomo Bakelite Co. Ltd., U-PICA Company Ltd.
The global Thermosetting Polyamide market is expanding growth with a CAGR of approximately 5.8% during the forecast period (2022 to 2030).
The global Thermosetting Polyamide market size was valued at USD 25.89 Billion in 2021 and it is projected to reach around USD 54.95 Billion by 2030.