April 13, 2024

The Global Polyamide 12 Market Is In Trends Driving Wireless Revolution

The polyamide 12 market has experienced significant growth in recent years owing to the increasing demand for lightweight, durable and high-performance engineering thermoplastics across different end-use industries. Polyamide 12, also known as nylon 12, offers unique properties such as high melting point, low moisture absorption, high tensile strength and excellent chemical resistance. Parts made from polyamide 12 can withstand high temperatures and are resistant to many common chemicals and solvents. The material is finding widespread application in automotive, electronics, 3D printing and oil & gas industries where reliability and durability are of prime importance.

The Global polyamide 12 market is estimated to be valued at US$ 405.54 Mn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the polyamide 12 market are Ultralife Corporation, EaglePicher Technologies LLC, EnerSys, Liberating Technologies, Inc., Panasonic Corporation, Tadiran Batteries Ltd., Saft Groupe S.A., Arotech Corporation, SHENZHEN KAYO BATTERY Co., Ltd, and Vitec Group plc. The growing demand for lightweight and high-performance materials from the automotive industry is a major factor driving the polyamide 12 market. Polyamide 12 components are increasingly replacing metals in auto parts to reduce weight and increase fuel efficiency. The global expansion of the electronics industry especially wearable devices and mobile phones is spurring demand for polyamide 12 which is suitable for housings, connectors and other applications requiring impact resistance and heat tolerance.

The increasing demand for polyamide 12 from oil & gas industry is expected to drive market growth during the forecast period. Majority of oil & gas exploration and production activities now involve high pressure high temperature (HPHT) conditions where equipment needs to withstand harsh environments. Polyamide 12 components are gaining acceptance for use in down-hole tools, well completion equipment and production installations due to resilient properties.

Market key trends

The trend towards additive manufacturing is opening up new applications for Polyamide 12 Market Size . 3D printing with polyamide 12 powder allows complex geometries to be produced efficiently for medical, aerospace and automotive components. The material combines processability with good mechanical properties making it suitable for additive manufacturing for both prototypes and end-use parts. With advancements in 3D printing technologies, polyamide 12 is finding increasing use in niche applications that require design freedoms not possible with conventional manufacturing. This emerging application area will be a major driver of future demand.

Porter’s Analysis
Threat of new entrants: New entrants in polyamide 12 market face high production cost challenges.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes.

Bargaining power of suppliers: Few raw material suppliers exist; suppliers can negotiate prices with producers.

Threat of new substitutes: New materials like polypropylene offer substitution threat.

Competitive rivalry: Intense competition exists among established polyamide 12 producers.

Geographical regions
North America accounts for the largest share of the global polyamide 12 market value owing to high demand from end-use industries.

Asia Pacific region is expected to be the fastest growing market during the forecast period due to rapid industrialization and rising polyamide 12 consumption in industries such as automotive and electrical & electronics in China and India.

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