Polyamide (PA) commonly known as nylon is a polymer substance made-up of multiple and long molecules in which the units are linked by amide groups. It is one of the largest engineering thermoplastic material (ETP). Polyamide is used in various application segments, such as automobile, electronic, packaging, consumer goods, and films among others. Growth of polyamide market is mainly driven by, rise in demand from automobile industry, electronics and packaging applications segment. It is majorly used in these three applications. These three applications are likely to grow at a healthy rate. Eventually, polyamide will also have a promising future. Furthermore, shift in trend towards the production of bio-based polyamide and growing R&D initiative in the field is projected to offer immense opportunities for the market players. However, stringent government guidelines are likely to act as barrier in growth of the market in Europe and North America regions. Rising production of bio-based polyamide is projected to off-set this challenge.