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The global bio-polyamide market size reached US$ 161.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 297.6 Million by 2027, exhibiting a growth rate (CAGR) of 10.7% during 2022-2027. 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.
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 report, along with forecasts at the global and regional level from 2022-2027. 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 Group, Asahi Kasei Corporation, BASF SE, Koninklijke DSM N.V., Evonik Industries AG, Domo Chemicals GmbH, Lanxess AG, Saudi Basic Industries Corporation (SABIC), Solvay S.A., and Simona AG.
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||2021|
|Segment Coverage||Product Type, Application, End-Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Arkema Group, Asahi Kasei Corporation, BASF SE, Koninklijke DSM N.V., Evonik Industries AG, Domo Chemicals GmbH, Lanxess AG, Saudi Basic Industries Corporation (SABIC), Solvay S.A., and Simona AG|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
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$ 161.2 Million in 2021.
We expect the global bio-polyamide market to exhibit a CAGR of 10.7% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous end use industries for bio-polyamide.
The rising application of bio-polyamide for manufacturing various automotive components, such as gears, bushings, and plastic bearings based on its low friction benefits, is primarily driving the global bio-polyamide market.
Based on the product type, the global bio-polyamide market can be segregated into PA-6, PA-66, and others. Currently, PA-6 accounts for 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 hold the largest market share.
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. Among these, the automotive sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into Europe, North America, 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 Group, Asahi Kasei Corporation, BASF SE, Koninklijke DSM N.V., Evonik Industries AG, Domo Chemicals GmbH, Lanxess AG, Saudi Basic Industries Corporation (SABIC), Solvay S.A., and Simona AG.
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