Polyamide Films is a clear and printable thermoplastic with a relatively high melting point and exceptional strength. According to BlueQuark Research & Consulting, the global Polyamide Film market is expected to witness a significant growth rate during the forecast period. Polyamide Films is an ideal product for use in conventional and microwave cooking applications with the two most popular grades being Polyamide-66 and Polyamide-6 use extensively across various end-user industries. Factors such as the growing demand in the automotive industry and the increasing demand for Polyamide Films in the Food Packaging Industry are expected to propel the future Polyamide Films market. The introduction of Bio-based Polyamide Films which is a 'Certified Biobased Product' by the United States Department of Agriculture, is expected to revolutionize the Polyamide Film sector. However, high fluctuation in prices of Polyamide Films and the availability of substitutes such as polypropylene, para-aramid synthetic fibers, and bio-absorbable polymers and the lowers prices are likely to obstruct the Polyamide Films Market's growth. PA film serves various end-users like the Automotive, Food Packaging, and Medical Device industries.
The Automotive Industry is the prime consumer of Polymer Emulsion globally and is expected to drive the future market. The growth of the Automotive industry is attributed to the increasing high-performance vehicle demand and the increasing urbanization, growing our cities from a small cluster to massive metropolitans where the demand for transportation is expected to surge. Polyamide Films are used to finish and protect metallic surfaces due to their excellent mechanical and chemical properties, good resistance against corrosion, low heat conductivity, and ease to clean. With good resistance against grease oils, fuels, hydraulic fluids, water, and alkalis. Polyamide Films such as biaxially oriented polyamide film provides good protection for the vehicle's surface against any kind of body damage being occurred on a regular period. The rapid technological advancement in the automotive sector in design, safety, performance and the demand for efficient automotive vehicles is expected to surge despite the drop-in demand in 2020 due to Covid-19. The polyamide films is also used in beverage packaging and Pharmaceutical packaging due to its excellent heat resistance properties. The expected reliance of people on vehicles as a primary source of transportation, the rising awareness promoting Electric Vehicle sales, and the government offering subsidies on EV sales are likely to increase the demand for automobiles, which is likely to drive the global Polyamide Films market.
Key players in the global market were BASF SE , Mondi Group, Jindal, AdvanSix, Kolon Industries Inc. among others.
The Asia Pacific is expected to be the largest market for Polyamide Film in the forecasted year. The increasing Electric vehicle market has opened up new opportunities for the automotive industry, promoting the green revolution currently being experienced globally. China's EV sales exceeded 1.3 million units, representing 41% of global EV sales in 2020, depicting the region's automotive boom. India's automotive demand is rising in the forecasted years due to the increasing income of middle-class families and the young population. India's passenger vehicles sales 279,745 units in March 2021, registering a growth of 28.39% compared to the previous year. The medical and healthcare industry is the fastest-growing sector globally due to the increasing health awareness and advancement in the medical sector. According to the Commonwealth Fund, the medical and healthcare expenditure is expected to be doubled over a period from 2019-2029. The Indian Healthcare industry is expected to reach USD 372 billion by 2022, driven by better health awareness and lifestyle diseases. Furthermore, the Indian Government has signed a loan of USD 32 million with the World Bank intending to improve healthcare services in the North-Eastern State of Mizoram. The increasing demand in the automobile and medical is expected to propel the future Polyamide Film market in the Asia Pacific region.
In June 2021, Institute Cyclos-HTP GmbH has completed the series of tests commissioned by BASF SE to reassess the recyclability of multilayer films with polyamide 6.
In 2021, Jindal Films Europe, a company of Jindal Group, has 100 % acquired DOMO Films Solutions Spa boosting Jindal Group's capabilities and presence in the pharma, medical, and other high-end flexible packaging segments.
Global Polyamide Film Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Polyamide Film market by segmenting based on the Type (Biaxial-Oriental Polyamide (BOPA), Bio-Based Polyamide, Polyamide-6, Polyamide-66, Others), Layer (Mono-layered, Multi-layered, Others), End-User Industry (Automotive, Medical Device, Food Packaging, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market segment, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.