1 Global Low Pressure Molding With Polyamides Market Size (Value) and CAGR (2024-2033)
The global Low Pressure Molding With Polyamides market is projected to reach a value of USD 320.91 million in 2024, showcasing a significant growth trajectory. This market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 4.5% from 2024 to 2033.
Low Pressure Molding With Polyamides refers to the process of encapsulating and protecting electronic components from various environmental factors using polyamide materials, which are known for their strength and durability. This method is faster and more efficient than conventional potting, offering a superior alternative for component protection in the electronics, automotive, and appliance industries.
Figure Global Low Pressure Molding With Polyamides Market Size (M USD) and CAGR 2024-2033
2 Drivers and Opportunities in the Low Pressure Molding With Polyamides Market
The growth of the Low Pressure Molding With Polyamides market is driven by several factors. The increasing demand for advanced electronic devices and components, especially in the automotive and consumer electronics sectors, is a key driver. The need for reliable protection against moisture, dust, and temperature fluctuations has led to a surge in the use of polyamides in low-pressure molding applications.
Additionally, the growing focus on lightweight materials in the automotive industry presents an opportunity for polyamides, as they offer a balance between weight reduction and strength enhancement. The market is also set to benefit from the trend towards miniaturization of electronic components, which requires precise and effective encapsulation solutions that polyamides can provide.
Opportunities for the market lie in the expansion into emerging markets, where the demand for electronic goods is on the rise. The growing awareness of the benefits of low-pressure molding, such as reduced production times and cost-effectiveness, is expected to drive market growth.
3 Risks in the Low Pressure Molding With Polyamides Market
The market faces risks such as fluctuations in raw material prices and supply chain disruptions. Polyamide prices are subject to changes in crude oil prices, which can impact the cost of production and, consequently, the market dynamics.
Additionally, the market is vulnerable to changes in environmental regulations, as stricter standards may impose additional costs on manufacturers. geopolitical tensions and trade policies can also pose risks to the market, affecting the availability and cost of raw materials, as well as the ease of international trade.
4 Global Low Pressure Molding With Polyamides Market Revenue and Sales Volume by Type in 2024
In terms of market segmentation by type, the Low Pressure Molding With Polyamides market is primarily divided into Black Type and Amber Type, with Others also playing a role.
The Black Type segment is expected to dominate the market in terms of sales volume, with an estimated 12,676 tons in 2024. This type is opaque, providing complete coverage that can hide and protect components from light. Black polyamides typically have enhanced thermal stability compared to amber polyamides, making them suitable for use in high-temperature environments. In terms of revenue, the Black Type segment is projected to generate approximately USD 160.07 million, reflecting the higher price point due to its superior performance characteristics.
The Amber Type segment is forecasted to have a sales volume of 11,140 tons in 2024. Amber polyamides are typically translucent, allowing for a degree of visual inspection of encapsulated components. This transparency is useful in applications where component visibility is beneficial for troubleshooting or quality control. Amber polyamides typically have excellent electrical insulation properties, which is critical for protecting sensitive electronic components. The revenue generated by the Amber Type segment is estimated to be around USD 137.74 million, indicating a substantial market presence.
Table Global Low Pressure Molding With Polyamides Market Revenue and Sales Volume by Type in 2024
Market Sales Volume (Tons) 2024 | Market Revenue 2024 | |
Black Type | 12676 | 160.07 |
Amber Type | 11140 | 137.74 |
Others | 1910 | 23.10 |
5 Global Low Pressure Molding With Polyamides Market Size by Application in 2024
The global Low Pressure Molding With Polyamides market is segmented into various applications, each playing a critical role in the industry’s growth.
Electronics is the most prominent application, with a market revenue of USD 122.55 million, reflecting the widespread use of polyamides in protecting electronic components from environmental factors.
The automotive sector follows with a revenue of USD 104.57 million, highlighting the increasing demand for polyamide materials in engine control units and other critical components.
The appliance industry also holds a significant position with a market revenue of USD 61.89 million, indicating the use of polyamides in enhancing the reliability and safety of household and commercial appliances.
Table Global Low Pressure Molding With Polyamides Market Size by Application in 2024
Application | Market Size (M USD) 2024 |
Electronics | 122.55 |
Automotive | 104.57 |
Appliance | 61.89 |
Others | 31.90 |
6 Global Low Pressure Molding With Polyamides Market Size by Region in 2024
The global Low Pressure Molding With Polyamides market is anticipated to exhibit significant growth in 2024, with various regions contributing to this expansion.
North America: With a market revenue of USD 107.43 million in 2024, North America is projected to be a significant contributor to the global Low Pressure Molding With Polyamides market. The major contribution of the region can be attributed to the presence of major automobile and electronics manufacturers, which drives the demand for high-performance polyamide materials. The United States, in particular, accounts for a significant share of the North American market due to its strong economy and technological advancements.
Europe: Europe is expected to generate a revenue of USD 112.86 million in 2024, becoming the largest market for Low Pressure Molding With Polyamides. The region’s mature automotive and electronics industries, along with a focus on adopting advanced materials for performance enhancement, contribute to this significant market share. Germany and France are key countries in Europe, leading the region’s market growth due to their strong manufacturing bases and technological innovations.
Asia-Pacific: The Asia-Pacific region is projected to have a market revenue of USD 85.29 million in 2024. The growth in this region is primarily driven by the increasing production of automobiles and consumer electronics, particularly in China, Japan, and South Korea. The region’s rapid industrialization and the growth of the middle class have led to a surge in demand for polyamide materials that offer durability and lightweight solutions.
South America: South America is expected to contribute USD 9.00 million to the global market in 2024. The region’s market is growing, with Brazil being a significant contributor due to its expanding automotive industry and the need for advanced materials in vehicle manufacturing.
Middle East & Africa: With a market revenue of USD 6.33 million in 2024, the Middle East & Africa region is the smallest among the regions analyzed. However, the region is expected to experience the fastest growth rate due to the increasing demand for polyamide materials in the electronics and automotive sectors, particularly in countries like Saudi Arabia and the United Arab Emirates.
Figure Global Low Pressure Molding With Polyamides Market Size by Region in 2024
7 7 Top 3 Companies in the Global Low Pressure Molding With Polyamides Market
7.1 Henkel
Henkel, established in 1876 and headquartered in Germany, is a renowned name in the chemical industry with a diverse product portfolio.
The company specializes in detergents, cleaners, cosmetics, and adhesives, among other products. Henkel Adhesive Technologies is a significant part of the company’s operations, offering a range of solutions for various industries.
Henkel’s Low Pressure Molding With Polyamides products are known for their superior adhesion, thermal stability, and resistance to various environmental factors. The company’s TECHNOMELT® products are particularly popular in the market due to their ability to provide simplified processing and superior protection for electronic components, power, and industrial automation applications.
In 2023, Henkel generated revenues of USD 165.03 million from its Low Pressure Molding With Polyamides segment, with a gross margin of 27.01%. In 2024, the company’s revenues increased to USD 174.52 million, with a gross margin of 28.38%.
7.2 Bostik
Bostik, a part of the French Arkema Group, was established in 1889 and has since grown to become a leading manufacturer and distributor of adhesives and sealants. The company operates globally, with a strong presence in the construction, industrial, and consumer markets.
Bostik’s Low Pressure Molding With Polyamides are recognized for their high performance in terms of durability and resistance to chemicals, moisture, and temperature fluctuations. The company’s products cater to a wide range of applications, including automotive, electrical, and industrial sectors, where reliable sealing and protection are crucial.
Bostik reported revenues of USD 41.80 million in 2023, with a gross margin of 25.93%. In 2024, the company’s revenues reached USD 44.63 million, with a gross margin of 27.03%.
7.3 KY Chemical
KY Chemical, a high-tech enterprise under Kane Chemical, focuses on developing and manufacturing cutting-edge products such as bio-based low-pressure injection molding materials and high-end adhesives. With R&D institutions in China and Europe, KY Chemical has made significant strides in breaking foreign monopolies in these areas.
KY Chemical’s Low Pressure Molding With Polyamides, including the 8801/8801A series, are single-component, thermoplastic materials known for their low injection temperature and excellent adhesion to various substrates. These products are non-corrosive, non-toxic, and odorless, making them ideal for applications in new energy batteries and other sensitive electronic components.
In 2023, the company achieved revenues of USD 5.78 million, with a gross margin of 25.76%. By 2024, KY Chemical’s revenues grew to USD 6.21 million, with a gross margin of 26.37%.
