Bio-Polyamides Market is projected to reach USD 221.43 Million by 2030 at a CAGR of 3.51% over the review period (2019-2030), according to the latest research report from Market Research Future (MRFR).
The report presents a detailed analysis of the global Bio Polyamides Industry by providing readers with a comprehensive overview of the market’s historical trajectory. The leading drivers and restraints affecting the global Bio Polyamides Industry are assessed in detail in the report. The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period. Various components of the global Bio Polyamides Industry are also studied in the report and projections are made for the growth trajectory of each distinct component from 2018 to 2023. The various segments and sub-segments within the global Bio Polyamides Industry are studied in detail in the report. The study also makes a detailed analysis of the major players operating in the global Bio Polyamides Industry and provides a detailed look at the various competitive strategies employed by players in the global Bio Polyamides Industry. Likely future conditions with respect to the competitive landscape of the market are also explained in detail in the report.
Bio-polyamides are biodegradable and biobased polyamides, a class of polymers used widely across several industrial applications. The biodegradability of bio-polyamides is the major driver for the global bio-polyamides market, as several end use industries, including automotive, textiles, and electronics and consumer goods have emphasized on the importance of using biodegradable and sustainable products in their industrial processes. In recent years, many industries have made it a key target to go green, with the usage of biodegradable components being one of the most important agendas tackled in this regard. This is likely to be a major driver for the bio-polyamides market over the forecast period.
Bio-polyamides are widely used in the production of nylon. This has been a major driver for the global bio-polyamides market, as nylon has been used widely in the textile industry in recent years. The increasing demand for clothing and household items made from synthetic fibers is likely to be a major driver for the global bio-polyamides market over the forecast period.
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Leading players in the global Bio Polyamides Industry include Toray Industries Inc., Radici Group, Domo Chemicals, Royal DSM NV, Solvay S.A., EMS-Grivory, BASF SE, DowDuPont Inc., Evonik Industries, and Arkema Group.
In October 2019, DSM announced plans to offer biobased or recycling-based alternatives to its entire line of engineering plastics. This decision was taken in the face of increasing public as well as legislative pressure to promote green solutions and present a planet-friendly face.
The global Bio Polyamides Industry is segmented on the basis of type, application, end use, and region.
On the basis of type, the global Bio Polyamides Industry is segmented into PA 6, PA 6,6, and specialty polyamides. The PA 6 category held a dominant 64.3% share in the global bio-polyamides market in 2018 and is likely to remain the leading segment by type in the global bio-polyamides market over the forecast period.
By application, the global Bio Polyamides Industry Growth Projections is segmented into detergent engineering plastics and fibers. The engineering plastic segment held the dominant share in the global bio-polyamides market in 2018. The fibers segment is also expected to exhibit steady growth, as it accounts for more than 40% of the market.
On the basis of end use, the global Bio Polyamides Industry is segmented into automotive, textile, electrical and electronics, consumer goods, industrial, films and coatings, and others.
The Asia Pacific market held the largest share in the global bio-polyamides market and is likely to remain in the position over the forecast period, as the growing automotive and consumer goods industries in the region have presented the bio-polyamides market with several growth opportunities. China is likely to be a leading light in the Asia Pacific bio-polyamides market over the forecast period. Japan, South Korea, and India are also likely to play a key role in the global bio-polyamides market due to the growing automotive industry in these countries.
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