Global Bio-Polyamide Market Growth 2023-2029

Global Bio-Polyamide Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Bio-Polyamide Industry Forecast” looks at past sales and reviews total world Bio-Polyamide sales in 2022, providing a comprehensive analysis by region and market sector of projected Bio-Polyamide sales for 2023 through 2029. With Bio-Polyamide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bio-Polyamide industry.

This Insight Report provides a comprehensive analysis of the global Bio-Polyamide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bio-Polyamide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bio-Polyamide market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bio-Polyamide and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bio-Polyamide.

The global Bio-Polyamide market size is projected to grow from US$ 128.3 million in 2022 to US$ 263.6 million in 2029; it is expected to grow at a CAGR of 263.6 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Bio-Polyamide market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
PA 6
PA 66
PA 10
PA 11
PA 12
Others

Segmentation by application
Textile
Automotive
Coating
Sports
Industrial
Electrical & Electronics

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Arkema
BASF
DOMO Investment Group
DuPont
Evonik Industries

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bio-Polyamide market?

What factors are driving Bio-Polyamide market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bio-Polyamide market opportunities vary by end market size?

How does Bio-Polyamide break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.