The Report Bio-Polyamide Market
Analysis By Product (PA 6, PA 66, Specialty Polyamide) By Application, By End
use (Textile, Automotive, Coating, Sports, Industrial, Electronics), And
Segment Forecasts, 2018 - 2025
The global bio-polyamide market is
anticipated to be valued at USD 327.3 million by 2025, according to a new
report by Grand View Research, Inc. The increasing demand for bio-polyamides
from the automotive, electronic & electrical, and textile industries is
projected to drive the market in the next few years.
Reduction in the carbon
footprint is a major factor that has contributed to the extensive use of
eco-friendly products in various sectors. The superior properties of
bio-polyamides, such as their high chemical resistance, low moisture
absorption, excellent mechanical properties, and high thermal stability, have
driven their usage in various applications as compared to their
petrochemical-derived alternatives.
Legislation pertaining
to the use of renewable products in Europe and North America along with the
increasing awareness about the environmental degradation caused by the
extraction of petroleum derivatives are expected to propel the bio-polyamide
market over the forecast period. Synthetic surfactants are derived from
petrochemicals. The stringent regulations enforced due to environmental
concerns regarding the toxicity of synthetic surfactants are also likely to drive
bio-polyamide market over the forecast period.
Access Research Report of Bio-Polyamide
Market@ www.grandviewresearch.com/industry-analysis/bio-polyamide-market
Further key findings from the report suggest:
· The global bio-polyamide market was valued
at USD 110.5 million in 2016 and is projected to ascend at a CAGR of 12.9% from
2017 to 2025
· The PA-6 segment occupied the largest
market share and is expected to witness an estimated CAGR of 12.7% from 2017 to
2025
· PA-66 is estimated to be the fastest
growing segment owing to its higher modulus, better wear resistance, better
short term thermal strength, and ability to absorb slightly less moisture as compared
to PA-6
· Massive investments made in the automotive,
electronic, and textile industries are anticipated to influence the market
growth positively in the next few years
· Engineering plastics occupied the largest
market share in 2016 and is projected to progress at the highest CAGR over the
forecast period on account of its broad application scope
· The automotive segment of the market by end
use is predicted to ascend at the highest CAGR in the next few years owing to
the development of automobile technologies
· Key players in the market include Evonik
Industries, Huntsman Corporation, Lanxess AG, Ube Industries, Ltd., and BASF SE
· Patented manufacturing technologies and
high raw material costs have restricted the entry of new players into the
market. Increasing R&D efforts are projected to result in the emergence of
new players in the industry.
Grand View Research has
segmented the global bio-polyamide market on the basis of product, application,
end use, and region:
Bio-Polyamide Product Outlook (Volume, Tons; Revenue, USD
Million, 2014 - 2025)
·
PA-6
·
PA-66
·
Specialty Polyamides
Bio-Polyamide Application Outlook (Volume, Tons; Revenue,
USD Million, 2014 - 2025)
·
Fiber
·
Engineering Plastics
Bio-Polyamide End-use Outlook (Volume, Tons; Revenue, USD
Million; 2014 - 2025)
·
Textile
·
Automotive
·
Film & Coating
·
Consumer Goods
·
Industrial
·
Electrical & Electronics
·
Others
Regional Outlook (Volume, Tons; Revenue, USD Million;
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
