February 21, 2024
Polyamide 12 Market

Growing Polyamide 12 Market Automotive Solutions Market is estimated to be valued at US$ 313.9 Bn in 2022

Market Overview:
The global Polyamide 12 market is estimated to be valued at US$ 313.9 Billion in 2022 and is expected to exhibit a CAGR of 5.9% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.

Polyamide 12, commercially known as nylon 12, is a thermoplastic polymer with high strength, elasticity and corrosion resistance. It is used in automotive components such as fuel lines, gears, bearings and electrical components due to its durability in harsh conditions.

Market key trends:
One of the key trends in the polyamide 12 market is its increasing adoption in 3D printing applications. Polyamide 12 Filaments are broadly utilized in fused deposition modeling (FDM) 3D printing which requires materials with high impact resistance, low moisture absorption and high elongation. Its elastic properties make it suitable for 3D printing functional and conceptual prototypes. Furthermore, polyamide 12 shows excellent dimensional stability, low warpage and high heat resistance which allows it to withstand autoclave sterilization processes. These properties have increased its usage in 3D printed items for medical and industrial applications.
Market key trends:

The Polyamide 12 market has been witnessing the trend of increased usage in additive manufacturing applications. Polyamide 12 powder materials have excellent compatibility for fused deposition modelling (FDM) 3D printing technology due to their melt flow properties and layer adhesion. Several industries including automotive and healthcare have started utilizing 3D printing for prototyping as well as producing final parts using Polyamide 12. This has significantly boosted the demand for the material.

SWOT Analysis:

Strengths: High strength to weight ratio and toughness of Polyamide 12 make it suitable for applications requiring durability and impact resistance.
Weaknesses: Susceptibility to hydrolysis makes Polyamide 12 unsuitable for use in humid conditions without proper packaging and sealing.
Opportunities: Growing usage of 3D printing technology provides major opportunity to increase Polyamide 12 adoption in additive manufacturing applications.
Threats: Availability of alternative engineering thermoplastics like Polypropylene and Polyamide 6,6 poses competition threat to Polyamide 12 in certain end use industries.

Key Takeaways:

The global Polyamide 12 Market Demand is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing demand from the automotive industry. Polyamide 12 finds major usage in manufacturing under-hood components, electrical components, fuel system parts, and interior and exterior trims in vehicles owing to its high heat resistance.

Regionally, Asia Pacific dominates the global Polyamide 12 market and is expected to continue its lead over the forecast period. This is attributable to high automobile production in China and other Asian countries, generating significant demand for engineering plastics like Polyamide 12. Other major markets include North America and Western Europe.

Key players operating in the Polyamide 12 market are Arkema Group, DowDuPont Inc., Ensinger GmbH, Evonik Industries AG, UBE Industries Inc., Techmer PM LLC., Invista, EMS-Chemie Holding AG, RTP Company Inc., Toray Industries Inc., Formulated Polymers Limited, and Merck KGaA. Major players are focusing on expanding their production capacities as well as developing newer application-specific grades of Polyamide 12 to further drive its market penetration.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it