Polyamide Pricing Report

Polyamide Prices December 2023

The price of polyamide in China for Q4 2023 reached 7548 USD/MT (Polyamide 4,6 Chips) in December. The trend, seasonality, and correlation price percentage in the country remained stable during the quarter. There was a slight increment in the price from the previous quarter, while the price percentage for the first and second half of the quarter was seen to be constant.

The price trend for polyamide in Saudi Arabia reached 3782 USD/MT (Polyamide Nylon 66 Med Viscosity) in December 2023. However, the region witnessed stable pricing situations despite maximum changes in the price due to the availability of inexpensive imports causing a bearish trend. The interplay of moderate need and inexpensive imports contributed to the ongoing bearish situation.

Polyamide Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Polyamide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyamide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing polyamide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Polyamide Market Analysis

The global polyamide market size reached US$ 33.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 54.1 Billion, at a projected CAGR of 5.30% during 2023-2032.

• The increasing utilization of polyamides in the textile industry for manufacturing fabrics with extraordinary quality, elasticity, and resistance to harsh conditions and abrasion. The ability of polyamides to withstand rigorous wear and tear makes them ideal for use in making sportswear and various other fashion items like undergarments. Moreover, people are seeking high-quality undergarments that are flexible, stretchable, and provide comfort. Women are also investing in high-quality and seamless lingerie, which is driving the demand for polyamides in the production of premium-quality lingerie. According to the report presented by the IMARC Group, the global lingerie market is expected to reach US$ 149.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.42% during 2024-2032.
• Polyamides are mostly used as epoxy resin curing agents in the paint industry. Because polyamide-based curing agents offer superior adhesion, flexibility, and abrasion resistance, they are frequently utilized in epoxy coatings. These coatings are especially well-liked since they are resilient to corrosion and long-lasting, making them appropriate for use in challenging environments. They are widely used in industrial environments, including maritime constructions, floors, and pipelines.
• The rising utilization of polyamides in the creation of epoxy floorings is propelling the market growth. Epoxy flooring is durable and resistant to wear and tear, which makes it an ideal choice for commercial and industrial spaces. It can withstand the constant pressure of transport vehicles, forklifts, and heavy machinery. Moreover, homeowners are constantly seeking construction materials which offer esthetic appeal on a budget. Epoxy flooring creates a gleaming and highly attractive floor surface thereby improving the overall outlook of indoor spaces. As per the Joint Center for Housing Centers of Harvard University (JCHS), home improvement project spending was recorded at $472 billion in 2022, with an estimated 2024 spending of $485 billion. This will further increase the demand for epoxy flooring as a crucial component in home renovation and remodeling projects.

Polyamide News

The report covers the latest developments, updates, and trends impacting the global polyamide market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyamide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the polyamide industry:

• April 2021: Arkema announced the production of Amino 11 and its flagship Rilsan^® polyamide 11 high performance polymer at the new plant on Jurong Island, Singapore, during the first half of next year.

Product Description

Polyimide is a synthetic polymer manufactured from petroleum-based plastics, which are held together with an amide bond. It is available in three primary families, including aliphatic, semi-aromatic, and aromatic polyamides, also known as aramids. It provides effective corrosion protection against caustic materials and is ideal for harsh environments like chemical processing facilities, wastewater treatment plants, and refineries. It is specifically developed for its exceptional flexibility and is extensively used in the textile industry to manufacture sportswear and undergarments. It is often used in robotics to manufacture highly flexible and durable components and wire and cable protection systems in robots. It is also employed in the automotive industry to manufacture vehicular parts that are capable of enduring high temperatures and mechanical stress.

Regional Coverage

The report provides a detailed analysis of the polyamide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global Polyamide Price

The report offers a holistic view of the global polyamide pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Polyamide Price

The European region experienced a mixed price trend in October and the cost of polyamide 66 was influenced by tight supply and limited stock availability. In addition, the constrained supply prompted key market players to restock the material to meet the intense demand in the domestic market. However, in the mid and final months of the quarter, the polyamide market stabilized owing to weak downstream orders from potential buyers.

This analysis can be extended to include detailed polyamide price information for a comprehensive list of countries.

North America Polyamide Price

In North America, the polyamide market witnessed consistent growth due to heightened product demand and supply. The price trend was primarily impacted because of the sufficient availability of raw materials and stock to meet domestic needs. This change was primarily driven by the stability of raw material prices. Furthermore, the availability of an adequate amount of products among US merchants to meet domestic demand favored the pricing trend.

Specific data on polyamide prices within the United States and Canada can also be provided.

Middle East and Africa Polyamide Price

The polyamide market in the Middle East and Africa (MEA) region showcased mixed sentiment owing to moderate demand, stable supply, and economic fluctuation. In certain countries plant shutdowns also created cost pressure, impacting the price of raw material benzene around the world.

In addition to region-wise data, information on polyamide prices for countries can also be provided.

Asia Pacific Polyamide Price

The polyamide pricing in the Asia Pacific region experienced a bearish trend due to the lackluster demand for the item, particularly attributed to the abundant supply in the market. The stability in the market can be primarily attributed to your ending sale offers that led to the prevention of stockpiling of materials.

This analysis can be further extended to include detailed polyamide prices for a comprehensive list of countries within the region.

Latin America Polyamide Price

The analysis of polyamide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polyamide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting polyamide price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the polyamide industry.