The global bio-polyamide market was worth US$ 134.5 Million in 2018. 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. Looking forward, the market value is projected to reach US$ 266.9 Million by 2024, expanding at a CAGR of 12.1% during 2019-2024.
Market 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.
Market Breakup by Application
Based on the application, the market has been segmented as industrial plastics and fibers. Industrial plastics currently represents the biggest segment.
Market 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.
Key Questions Answered in This Report:
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