Market expansion for polyamide 12 is fueled by rising consumer demand for lightweight cars. It is projected that rising passenger car sales, particularly in developing nations, will increase demand for polyamides in automotive applications. The market for autos is expanding due to rising investments in the industry. For instance, the automobile industry attracted cumulative equity Foreign Direct Investment inflows of around US$30.78 billion between April 2000 and September 2021, according to a research from the Indian Brand Equity Foundation published in February 2022. In addition, the Indian government anticipates that by 2023, the vehicle sector will draw investments worth US$ 8–10 billion from both domestic and foreign sources. The market for polyimide 12 would expand with a growing auto sector.
Global Polyamide 12 Market was valued at US$ 313.9 Billion in 2021 in terms of revenue, exhibiting a CAGR of 5.9% during the forecast period (2022 to 2030).
Prominent Companies Polyamide 12 Industry:
1. Evonik Industries AG
Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries. The company was founded in 1873 and is headquartered in Essen, Germany. In December, 2022 Evonik launched a non-animal-derived squalene suitable for vaccines and other pharmaceutical applications.
2. Toray Industries Inc.
Toray Industry Inc. was founded in 1926 and has development of new fields and materials as a basic materials manufacturer. It has headquarters situated in Tokyo, Japan. In December, 2022 Toray Industries, Inc., announced that it has developed a polyethylene terephthalate (PET) film that combines excellent applicability and adhesion for water-based and solvent-free coatings and can eliminate solvent-derived carbon-dioxide emissions.
3. Merck KGaA
Merck & Co., Inc. operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health. Merck & Co., Inc. was founded in 1891 and is headquartered in Kenilworth, New Jersey. In January, 2023 Merck completes acquisition of the chemical business of Mecaro.
4. Arkema Group
Founded in 2004, Arkema Group is a specialty chemicals and advanced materials company offering glass coating products, and chemical products. The company has headquarters in Pennsylvania, USA.
5. Ensinger GmbH
Founded in 1966, and has headquarters situated in Baden-Württemberg, Germany
6. UBE Industries Inc.
Ube Corp manufactures and sells chemicals, construction materials, and machinery products. The company has headquarters situated in Tokyo, Japan.
7. Techmer PM LLC.
Techmer PM was established by John Manuck in November 1981 in Los Angeles. The company has headquarters situated in Tennessee, USA.
8. EMS-Chemie Holding AG
EMS-CHEMIE HOLDING AG engages in the high performance polymers and specialty chemicals businesses worldwide. The company was founded in 1936 and is based in Domat/Ems, Switzerland.
*Definition- Polyamide 12 is a member of the polyamide family, also referred to as nylon, and the number 12 indicates that the molecule has 12 carbon atoms.
