The global Bio-Polyamide market was valued at US$ 131.1 million in 2020 and it is expected to reach US$ 264.9 million by the end of 2027, growing at a CAGR of 10.4% during 2021-2027.
Polyamides are polymers that can be used to structurally and characteristically replace metal, wood, glass, or ceramic in various applications. Polyamide has unique thermal, mechanical, electrical, and acoustic properties, which makes it a versatile product. It is a high-performance material that is available at a competitive price. Bio-based polyamide is in high demand as it is made from renewable and bio-based feedstock.
The burgeoning automotive industry is expected to boost the bio-polyamide market. The use of bio-polyamides in the automotive construction contributes to fuel savings and reduction in carbon emissions. Fuel savings can be higher than 50% when bio-polyamide structures are used in the manufacturing process. The Asia Pacific region is driving the global automotive industry due to changing lifestyle and rising disposable income. Furthermore, environmental-related regulations across developed regions are expected to drive the market for bio-polyamides. For instance, the corporate average fuel economy (CAFE) standards in the U.S. and European Union’s CO2 limits would put intense pressure on the automobile manufacturers to reduce the weight of the vehicle in order to reduce emissions. The expected CO2 limit in 2020 is pegged at 95g CO2/ km as compared to 130g CO2/ km in 2013. Furthermore, the growth of electrical & electronics industry across the globe is one of the major driving factors of the global bio-polyamide market. However, factors such as availability of raw materials and their price volatility are expected to hamper growth of the bio-polyamide market. Bio-polyamide is developed from monomers extracted from castor oil. India is the largest producer of castor seeds and accounts for over 80% of the global production, followed by China and Brazil. The surge in consumption of organic and natural products is expected to create lucrative growth opportunities for the global castor oil and derivative market in the next few years.
Global Bio-Polyamide Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Bio-Polyamide Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Arkema, Basf, Domo Investment Group, DuPont, Evonik Industries and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-bio-polyamide-market-outlook
Segment by Type
- PA 6
- PA 66
- PA 10
- PA 11
- PA 12
Segment by Application
- Electrical & Electronics
Table of Content:
1 Bio-Polyamide Market Overview
2 Bio-Polyamide Market Competition by Manufacturers
3 Bio-Polyamide Retrospective Market Scenario by Region
4 Global Bio-Polyamide Historic Market Analysis by Type
5 Global Bio-Polyamide Historic Market Analysis by Application
6 Key Companies Profiled
7 Bio-Polyamide Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Bio-Polyamide Market Dynamics
10 Global Bio-Polyamide Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.