Canada Specialty Polyamides Market Size & Outlook
Canada specialty polyamides market, 2018-2030 (US$M)
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Canada specialty polyamides market highlights
- The Canada specialty polyamides market generated a revenue of USD 96.6 million in 2022 and is expected to reach USD 168.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
- In terms of segment, high temperature polyamides was the largest revenue generating product in 2022.
- Long Chain Nylons is the most lucrative product segment registering the fastest growth during the forecast period.
Specialty polyamides market data book summary
| Market revenue in 2022 | USD 96.6 million |
| Market revenue in 2030 | USD 168.5 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | High temperature polyamides |
| Fastest growing segment | Long Chain Nylons |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Long Chain Nylons, High Temperature Polyamides, MXD6/PARA |
| Key market players worldwide | Evonik Industries AG, Arkema SA, Basf SE, Dow Inc, Koninklijke DSM NV, Asahi Kasei Corp, LG Chem, INVISTA, Solvay SA, Radici Group, Ems-Chemie Holding AG, Ube Corp, Kuraray Co Ltd, Mitsubishi Gas Chemical Co Inc, Toyobo Co Ltd |
Other key industry trends
- In terms of revenue, Canada accounted for 3.8% of the global specialty polyamides market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. specialty polyamides market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 168.5 million by 2030.
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Specialty Polyamides Market Scope
Specialty Polyamides Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada specialty polyamides market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to specialty polyamides market will help companies and investors design strategic landscapes.
High temperature polyamides was the largest segment with a revenue share of 47% in 2022. Horizon Databook has segmented the Canada specialty polyamides market based on long chain nylons, high temperature polyamides, mxd6/para covering the revenue growth of each sub-segment from 2018 to 2030.
The Canada automotive industry is expected to witness a significant demand for Specialty Polyamides owing to their excellent mechanical properties, chemical resistance, and thermal stability. Automotive manufacturing is one of the largest industrial sectors in Canada.
Moreover, favorable economic conditions, such as the lowest business tax burden and lowest cost structures in advanced economies, including the U.S. and Japan in the automotive manufacturing sector, are expected to attract foreign and local investors to expand their capacities in Canada.
In January 2023, Canada announced that all new cars sold in the country will require to be zero-emission by 2035. This mandate aimed to reduce fossil fuel output and combat climate change. Furthermore, the Electric Vehicle Availability Standard will also gradually increase the percentage of Electric Vehicles (EVs) and plug-in hybrids (PHEVs) in automakers' sales portfolios.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada specialty polyamides market , including forecasts for subscribers. This country databook contains high-level insights into Canada specialty polyamides market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada specialty polyamides market size, by product, 2018-2030 (US$M)
Canada Specialty Polyamides Market Outlook Share, 2022 & 2030 (US$M)
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