Polyamide 11 Market - Forecast(2023 - 2028)

Report Code: CMR 19470 Report Format: PDF + Excel

Polyamide 11 Market Overview

Polyamide 11 market size is estimated to reach US$2.1 billion by 2027, after growing at a CAGR of 6.6% during 2022-2027. Polyamide 11 (PA11) or nylon 11 is a polyamide non-degradable bioplastic synthesized from vegetable oil. It belongs to aliphatic polyamides family. Ricinoleic acid serves as a basic raw material in the chemical synthesis. Other materials required are methanol, hexamethylene diamine, undecylenic acid and hydrogen bromide. Unlike majority of polyamides which are based on sebacic acid, polyamide 11 is based on undecylenic acid. Bio-composite can be prepared by blending polyamide 11 with polybutylene succinate. The resultant composite has properties similar to polyamide 11 but with reduced material cost. Some of the characteristics of polyamide 11 are low water adsorption, durability, chemical and mechanical heat resistance. These wide varieties of properties are responsible for boosting the global polyamide 11 industry.

COVID-19 Impact

Many of the industries across the globe have faced several challenges due to the COVID-19 pandemic. The industries such as electronics, packaging, aerospace including many others have experienced pitfalls. Many projects in such industries have been halted due to an interrupted supply chain and employee shortages due to quarantines. Also, the production and demand in waste water treatment industry has declined due to an interrupted supply chain and cessation in transportation of raw materials. According to International Finance Corporation, water and wastewater utilities in 2020 were expecting reductions of 15% in revenue collections on average due to the COVID-19 crisis. Thus, the global pause in industrial production and distribution, the demand and consumption of global polyamide 11 has hampered to an extent in several industries. 

Report Coverage

The report: “Polyamide 11 Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments of the global polyamide 11 industry.

By Type: Injection Molding, Extrusion (Blown Film Extrusion and Extrusion Blow Molding), Rotational molding, Laser Sintering and Others.
By Grade: Rigid, Semi Flexible and Flexible.
By Application: Offshore Application, High Pressure Hydraulic Hose, Filters, Pipes, Tubes (Flexible Tubes, Beer Tubes and Others), Blood Bags, Living Hinges, Powder Coating, Food Packaging, Tools (Gears, Cams and Others) and Others.
By End Use Industry: Automotive (Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicle), Oil and Gas, Water Treatment Industry, Packaging Industry, Aerospace (Commercial Aviation, Military Aviation and General Aviation), Electronics (Optical and Copper Cable Sheathing, Connectors, Housings and Others), Medical (Catheters, Solution Bags, Medical Equipment and Others), Sports Industry (Shoe Soles, Skies and Others) and Others.
By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC) and South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and Rest of the World (Middle East and Africa).

Key Takeaways

  • Asia-Pacific is the fastest growing region in the polyamide 11 market. This growth is mainly attributed to the increased demand from aerospace industry.
  • Electronics segment is expected to be the significant segment owing to the surge in demand of polyamide 11 for connectors and cables.
  • Global Polyamide 11 plays an important role in several industries especially in the packaging industry which is expected to provide significant growth opportunity for the global market.

Figure: Asia Pacific Polyamide 11 Market Revenue, 2021-2027 (US$ Billion)

Polyamide 11 Market Revenue

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Polyamide 11 Market Segment Analysis – By Application

The Food Packaging segment held the largest share in the polyamide 11 market in 2021 and it is expected to grow with a CAGR of around 7.9% during the forecast period. Polyamide 11 has superior handling property and shielding capacity. This property has application in packaging such as flexible packaging. It is lightweight with low density. Stand-up pouches and reclosable pouches are examples of flexible packaging. Flexible packaging is beneficial in several ways. It is economical in terms of production cost. Consumers also prefer flexible packaging due to attractive look and convenience in handling. According to PKG Brand Design, 71% of Americans prefer flexible food packaging over rigid packaging. Thus, surge in demand for food packaging is boosting the demand for polyamide 11 market.

Polyamide 11 Market Segment Analysis – By End-Use Industry

The Electronics segment held the largest polyamide 11 market share in 2021 and it accounted for around 21%. Polyamide 11 is a semi-crystalline aliphatic polyamide with excellent chemical resistance. As there are few amide groups in the chain, moisture absorption is minimal meaning that the environment in which it is utilized has little effect on its mechanical qualities and dimensions. These characteristics made it suitable for electronics industry. It is used in connectors and cables which are required with other electronics items such as semiconductors, transistors etc. According to Allianz Trade, semiconductor revenue in 2021 globally reached to US$ 553 billion. Thus, surge in demand of polyamide 11 in electronics is boosting the global market.

Polyamide 11 Market Segment Analysis – By Geography

The Asia Pacific is the leading region accounted for the largest share in the polyamide 11 market in 2021 and held nearly 36% of market share. This growth is mainly attributed to the increase in demand for polyamide 11 in end-use industries such as aerospace, electronics, packaging and sports in the region. Polyamide 11 is lightweight and it has good chemical and corrosion resistance. Its thermal conductivity can be altered depending upon porosity level. Environmental issues and corrosion resistance draw attention to polyamide 11 coatings. Main structural parts such as the shaft and tail drive shaft must be coated against crozant during aircraft manufacture and maintenance activities. Technical specifications for these types of structural elements are very strict. It is used in many parts of Aerospace. Aerospace industry in Asia Pacific is improving from Covid impact. According to International Air Transport Association, Aerospace industry’s losses in Asia during Covid have decreased in 2021 from $11.2 billion to $2.4 billion in 2022. Thus, the growth in the Aerospace industry in Asia Pacific is boosting the polyamide 11 market growth.

Polyamide 11 Market Drivers

Increased Use in Aerospace

Polyamide 11 has low density but blending with a composite can enhance its quality. It improves its load distribution capacity while maintaining density and strength. This is ideal for aerospace applications as a light-weight material consumes less fuel. Also, it possesses corrosion and abrasion resistance. According to MarketScale publications, Boeing's 787s now utilize over 50% composites in their construction, with the remaining materials consisting of a combination of aluminum, titanium, steel and other metals. Thus, the increasing benefit of polyamide 11 in aerospace is boosting the market growth.

Growth in Sports Industry

Polyamide 11 is used in various sports equipment. It is resistant to moisture, corrosion and low density. Coatings containing polyamide 11 on sports equipment require less maintenance. Also, it enhances the look of sports equipment. It has application in badminton shuttlecocks, top layering of skis, racket strings and eyelets. It is also used in sports shoes' soles. According to FRED Economic Data, retail sales of sports equipment in the United States in 2021 were $7535 million. Thus, the growth in sports industry is boosting the demand for global polyamide 11.

Polyamide 11 Market Challenges

More Expensive and High Shrinkage

Polyamide is available in different grades such as polyamide 11, polyamide 12 and polyamide 6/6. Among these polyamides, polyamide 6/6 is most commonly used for industrial applications. Although polyamide 11 is lightweight, it is weaker than polyamide 6/6. Also, it is more expensive than other polyamides. Polyamide 11 has high shrinkage percentages in various casting applications. These limitations hamper the growth of polyamide 11 market.

Polyamide 11 Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the polyamide 11 market. Top 10 companies in polyamide 11 market are:

1. 3M Company
2. Arkema SA
3. Evonik Industries AG
4. BASF SE
5. DuPont
6. EMS-Chemie Holding
7. UBE Industries
8. SK Chemicals
9. Solvay SA
10. Sumitomo Chemical

Recent Developments

  • In April 2021, Arkema announced the start of its new polyamide 11 plant in Singapore in first half of 2022. This plant contributes 50% increase in global polyamide 11 production capacity of Arkema.
  • In August 2020, Nylstar introduced a new yarn made from recycled INVISTA polyamide 6/6. It has 50% or more recycled content with Global Recycled Standard (GRS) certification.
  • In August 2019, An agreement between DOMO Chemicals and Solvay to buy Solvay's Performance Polyamides Business in Europe was signed. This covers businesses dealing with engineering plastics in France and Poland, high performance fibers in France and businesses dealing with polymers and intermediates in France, Spain, and Poland. The arrangement is a crucial step towards Solvay's remaining Polyamides business being sold to BASF.

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Specialty Polyamides Market- Forecast (2022-2027)

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Polyamide-6 Market- Forecast (2022 - 2027)

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High Performance Polymers Market – Forecast (2022 - 2027)

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1. Polyamide 11 Market - Market Overview
    1.1 Definitions and Scope
2. Polyamide 11 Market - Executive Summary
    2.1 Key Trends by Process
    2.2 Key Trends by Grade
    2.3 Key Trends by Application
    2.4 Key Trends by End Use Industry
    2.5 Key Trends by Geography
3. Polyamide 11 Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Polyamide 11 Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Polyamide 11 Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Polyamide 11 Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Polyamide 11 Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Polyamide 11 Market – By Process (Market Size - $Million/Billion)
    8.1 Injection Molding
    8.2 Extrusion
        8.2.1 Blown Film Extrusion
        8.2.2 Extrusion Blow Molding
    8.3 Rotational molding
    8.4 Laser Sintering
    8.5 Others
9. Polyamide 11 Market – By Grade (Market Size -$Million/Billion)
    9.1 Rigid
    9.2 Semi Flexible
    9.3 Flexible
10. Polyamide 11 Market – By Application (Market Size - $Million/Billion)
    10.1 Offshore Application
    10.2 High Pressure Hydraulic Hose
    10.3 Filters
    10.4 Pipes
    10.5 Tubes
        10.5.1 Flexible Tubes
        10.5.2 Beer Tubes
        10.5.3 Others
    10.6 Blood Bags
    10.7 Living Hinges
    10.8 Powder Coating
    10.9 Food Packaging
    10.10 Tools
        10.10.1 Gears
        10.10.2 Cams
        10.10.3 Others
    10.11 Others
11. Polyamide 11 Market – By End Use Industry (Market Size - $Million/Billion)
    11.1 Automotive
        11.1.1 Passenger Cars
        11.1.2 Light Commercial Vehicle
        11.1.3 Heavy Commercial Vehicle
    11.2 Oil and Gas
    11.3 Water Treatment Industry
    11.4 Packaging Industry
    11.5 Aerospace
        11.5.1 Commercial Aviation
        11.5.2 Military Aviation
        11.5.3 General Aviation.
    11.6 Electronics
        11.6.1 Optical and Copper Cable Sheathing
        11.6.2 Connectors
        11.6.3 Housings
        11.6.4 Others
    11.7 Medical
        11.7.1 Catheters
        11.7.2 Solution Bags
        11.7.3 Medical Equipment
        11.7.4 Others
    11.8 Sports Industry
        11.8.1 Shoe Soles
        11.8.2 Skies
        11.8.3 Others
    11.9 Others
12. Polyamide 11 Market - By Geography (Market Size - $Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Polyamide 11 Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Polyamide 11 Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Product Type/Product category - Major companies
15. Polyamide 11 Market – Key Company List by Country Premium Premium
16. Polyamide 11 Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."

LIST OF TABLES

1.Global Polyamide 11 Market, by Type Market 2019-2024 ($M)
2.Global Polyamide 11 Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Polyamide 11 Market, by Type Market 2019-2024 (Volume/Units)
4.Global Polyamide 11 Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Polyamide 11 Market, by Type Market 2019-2024 ($M)
6.North America Polyamide 11 Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Polyamide 11 Market, by Type Market 2019-2024 ($M)
8.South America Polyamide 11 Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Polyamide 11 Market, by Type Market 2019-2024 ($M)
10.Europe Polyamide 11 Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Polyamide 11 Market, by Type Market 2019-2024 ($M)
12.APAC Polyamide 11 Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Polyamide 11 Market, by Type Market 2019-2024 ($M)
14.MENA Polyamide 11 Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
2.Canada Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
10.UK Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
12.France Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
16.China Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
17.India Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Polyamide 11 Industry Market Revenue, 2019-2024 ($M)
21.North America Global Polyamide 11 Industry By Application
22.South America Global Polyamide 11 Industry By Application
23.Europe Global Polyamide 11 Industry By Application
24.APAC Global Polyamide 11 Industry By Application
25.MENA Global Polyamide 11 Industry By Application