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The global bio-polyamide market reached a value of US$ 168.3 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Bio-polymides are a new class of bioplastics that are derived from renewable resources such as natural fats and oils. These materials are environment friendly and are used in many (demanding) applications such as automotive fuel lines, pneumatic air brake tubing, electrical cable jacketing, flexible oil and gas pipes, and powder coatings. Some novel applications include tooth brushes, carpets, tires, sporting goods (sports shoes and outdoor apparel), and electronic casings.
The global demand of bio-polyamides is currently exhibiting double-digit growth. A major driver is the fact that bio-polyamides have a unique property of low friction which proves to be favourable for many automotive products such as gears, bushings, and plastic bearings. A wide use of bio-polyamide has been noticed in the manufacturing of consumer goods such as toys, electronic goods and functions requiring high temperatures etc. The applications which possess a potential of high wear and tear can be enhanced by using bio-polyamide materials. Moreover, bio-polyamides also exhibit a superior environment profile as they are synthesised by combining renewable or bio-based raw materials such as castor oil and result in reduced greenhouse emission. Other factors driving the demand of bio-polyamides include excellent mechanical and thermal performance, strong chemical resistance, low moisture absorption, etc.
IMARC Group provides an analysis of the key trends in each sub-segment of the global bio-polyamide market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on product type, application and end-use.
Breakup by Product Type:
Based on the product type, the market has been segmented as PA-6, PA-66 and others. PA-6 currently represents the biggest segment.
Breakup by Application:
Based on the application, the market has been segmented as industrial plastics and fibers. Industrial plastics currently represents the biggest segment.
Breakup by End-Use:
Based on the end-use, the market has been segmented into automotive, textiles and sports, industrial goods, films and coatings, electrical and electronics, and others. The automotive sector currently represents the biggest segment.
Region-wise, the market has been segmented into Europe, North America, Asia Pacific, Middle East and Africa and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the global market.
The competitive landscape of the market has also been examined with some of the key players being Arkema, Asahi Kasei, BASF, DSM, Evonik Industries, Domo Chemicals, Lanxess, SABIC, Solvay and Simona.
This report provides a deep insight into the global bio-polyamide market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the bio-polyamide industry in any manner.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Application, End-Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Arkema, Asahi Kasei, BASF, DSM, Evonik Industries, Domo Chemicals, Lanxess, SABIC, Solvay and Simona|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global bio-polyamide market was valued at US$ 168.3 Million in 2020.
We expect the global bio-polyamide market to exhibit a CAGR of 11.8% during 2021-2026.
The extensive utilization of bio-polyamide for manufacturing various automotive components based on its low friction benefits, represents one of the key factors catalyzing the global bio-polyamide market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end use industries for bio-polyamide.
Based on the product type, the global bio-polyamide market can be segregated into PA-6, PA-66, and others. Currently, PA-6 holds the majority of the total market share.
Based on the application, the global bio-polyamide market has been bifurcated into industrial plastics and fibers, where industrial plastics currently represent the largest segment.
Based on the end-use, the global bio-polyamide market can be categorized into automotive, textiles and sports, industrial goods, films and coatings, electrical and electronics, and others. Currently, the automotive sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global bio-polyamide market include Arkema, Asahi Kasei, BASF, DSM, Evonik Industries, Domo Chemicals, Lanxess, SABIC, Solvay, and Simona.
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