Polyamide 11 Market - Forecast(2023 - 2028)

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)

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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

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