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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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