Global Polyamide Market 2028 – Forecast & Projected Growth
The global polyamide market is projected to reach USD 33 Billion by 2028, growing at a CAGR of over 3% from 2024 to 2028 owing to the increasing consumption of polyamide from end-user industries such as consumer goods, automotive industry and increasing large-scale investments in the automobile sector. Global Polyamide Market is segmented based on type, application, and region. Based on application, the market has been categorized into engineering plastics & fibers. In 2022, the engineering plastics segment is projected to account for the largest share of the polyamide market since these are mostly used in the automotive sector and in engineering plastics. Regionally, the APAC region dominated the market in 2022 owing to the growing demand for luxury cars and growing consumption power in emerging countries like China, India, and Japan. Some of the leading players in the global polyamide market are Arkema SA H, BASF SE, Honeywell International Inc., Evonik I...