Bio Polyamide Market Size & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Bio Polyamide
Market Market Insights The global bio polyamide
market is anticipated to grow at a CAGR of more
than 5 over the forecast period. The market is
likely to be influenced by increasing inclination
towards eco-friendly and sustainable solutions.
The rapid advancement in textile, automobile and
electrical electronics industries are expected
to fuel the demand for the product over the
coming years. The demand for PA fibers is
expected to increase over the coming years owing
to its non-abrasive nature, durability,
recyclability, light weight, low-cost, and
renewability. Also, the increasing adoption of
bio-based fibers in marine and electronic
industries is likely to stimulate the market
growth. Ideal government regulation policies
coupled with increasing environmental awareness,
particularly in the U.S. and Europe, are
expected to boost the market over the forecast
period.
Product Insights On the basis of products, the
bio polyamide market is segmented into PA-6,
PA-66, and Specialty Polyamides. PA-6 product
type recorded the largest market share in 2016
and is further likely to grow at a CAGR of more
than 13 over the coming years. The PA-66
product type is anticipated to witness a
significant growth, both in terms of volume and
revenue, over the forecast period. This growth is
attributed to its special properties such as
higher modulus, better wear resistance and the
ability to absorb lower moisture as compared to
PA-6.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Application Insights The bio
polyamide market is divided into engineering
plastics and Fiber, based on application. The
Fiber segment is further divided into textile,
industrial, carpet, and staple. Engineering
plastics are also sub-divided into Automotive,
Film coating, Industrial/Machinery, Electrical
electronics, Consumer goods appliances, and
Wires cables Engineering plastics segment
recorded the largest market share in 2016. The
demand for engineering plastics is anticipated
to increase in the automobile and electronic
sectors due to their lightweight properties and
high strength-to-weight ratio. Bio-polyamides
segment is also expected to witness a
significant increase over the forecast
period. Fiber segment held the second-largest
market share in 2016. This growth is projected to
be driven by its excellent wear impact
resistance along with its high tensile strength.
Eco-friendly fiber has wide application in the
textile industry. End-User Insights On the
basis of end-use, the bio polyamide market is
segmented into textile, automotive, film
coating, consumer goods, industrial, and
electrical electronics amongst others. The
electrical electronics segment is likely to
appear as one of the fastest growing end-use
sectors over the coming years. Factors such as
rising spending capacities coupled with growing
awareness about the use of Bio-polyamides are
projected to fuel the demand for the product over
the forecast period. Textiles accounted for the
second-largest market share in 2016. This growth
is attributed to favourable government
regulation toward producing environment-friendly
and energy-saving products. The textile segment
is further expected to grow over the forecast
period owing to its properties such as
durability and strength amongst others. Regional
Insights Asia Pacific dominated the global
demand for bio-polyamide in 2016. Factors such as
growing industrial investment along with high
economic growth rate in the developing economies
such as India and China are likely to boost the
market growth in this region. North America has
emerged to be the second largest consumer for
polyamides in 2016. The demand for
bio-polyamide, in Europe and North America, is
likely to grow at a steady rate due to market
saturation across various end-user industries.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS End-Use Landscape The end-use
landscape includes a list of current and
prospective consumers prevailing across the
regions. This section provides company addresses,
contact details, products, and regional presence
of companies who are purchasing or are likely to
purchase products from the global bio polyamide
market. The major consumers of the product are
Bombay Dyeing, Aigle, and Axalta Coating Systems.
Competitive Landscape The dominant players are
investing significantly in R D activities to
enhance their manufacturing process and develop
new product portfolios to broaden the application
and end-use area of bio- polyamides. The major
players profiled in the global bio-polyamide
market include Honeywell International Inc.,
Invista, Materials Inc., BASF SE, E. I. du Pont
de Nemours and Company, Formosa Group, Li Peng
Enterprise Co., Radici Group, Solvay/Rhodia,
Shenma Industrial Co. Ltd., and Royal DSM N.V.
amongst others.
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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS

• The report segments the Bio Polyamide Market on
  the basis of
• By Product
• PA-6
• PA-66
• Specialty Polyamides
• By Application
• Fiber
• Engineering Plastics
• By End Use
• Automotive
• Film Coating
• Textile
• Consumer Goods
• Industrial