The latest report by IMARC Group, titled “Bio-Polyamide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” 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.
Bio-polyamide is a synthesized polymer derived from bio-based or renewable raw materials such as natural fats and oils. It exhibits properties of renewability, recyclability, lightweight, and non-abrasiveness. It is also environmentally friendly and cost-effective, with excellent mechanical and thermal performance, low moisture absorption, and strong chemical resistance. As a result, bio-polyamide find application in automotive fuel line, pneumatic air brake tubing, electrical cable jacketing, powder coatings, and flexible and gas pipes. Nowadays, it is also used to manufacture sporting goods, electronic casings, toothbrushes, and carpets.
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Global Bio-Polyamide Market Trends:
The market is primarily driven by the growing preference for eco-friendly and sustainable solutions across various industries. The significant expansion of the automobile, electrical and electronics, and textile sectors are fueling the growth of the bio-polyamide market. In the automotive industry, bio-polyamide is used to manufacture automotive parts like gears, bushings, and plastic bearings. In addition, the excellent processability, high mechanical strength, and thermal performance of bio-polyamide are also increasing its adoption in high-performance applications including, marine and electronic industries. Besides this, the growing demand for eco-friendly polymers that are synthesized from renewable raw materials and help reduce greenhouse emissions are significantly influencing the market growth. Furthermore, stringent regulations imposed by governments of various countries to control carbon emissions have resulted in the development of lightweight vehicles, thereby creating a positive outlook for the market.
Global Bio-Polyamide Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global bio-polyamide market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Asahi Kasei
- Evonik Industries
- Domo Chemicals
- Solvay and Simona
Key Market Segmentation:
The report has segmented the global bio-polyamide market on the basis of fuel type, distribution channel and region.
Breakup by Product Type:
Breakup by Application:
- Industrial Plastics
Breakup by End-Use:
- Textiles and Sports
- Industrial Goods
- Films and Coatings
- Electrical and Electronics
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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