Bio-Polyamide Market
Bio-Polyamide Market Analysis By Product Type (PA-6, PA-66, Specialty Polyamides), By End Use (Textiles, Automotive, Films & Coatings, Industrial, Electrical & Electronics) & Region - Global Forecast 2022 to 2032
Analysis of Bio-Polyamide market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bio-Polyamide Market Outlook (2022 to 2032)
The global bio-polyamide market is poised to increase rapidly at a CAGR of 14.5%, reaching US$ 800.7 million by the end of 2032, up from US$ 187.2 million in 2021.
Sales of bio-polyamide 6 (PA-6) are projected to increase at a CAGR of 14.8% from 2022 to 2032. Rapidly rising demand for PA-6 across end-use industries is set to drive bio-polyamide market revenue over the decade.
| Report Attributes | Details |
|---|---|
| Bio-Polyamide Market Size (2022) | US$ 208.3 Million |
| Projected Year Value (2032) | US$ 800.7 Million |
| Global Market Growth Rate (2022 to 2032) | 14.5% CAGR |
| Europe Market Share (2022) | 24.4% |
| Key Companies Profiled | Asahi Kasei; Solvay; BASF; SABIC; DSM; Lanxess; Domo Chemicals; Arkema; Evonik Industries |
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Consumption Analysis of Bio-Polyamides from 2017 to 2021 Vs Market Outlook for 2022 to 2032
“Rapid Deployment of Bio-sourced Polyamides for High-Performance Applications”
From 2017 to 2021, the global bio-polyamide market registered significant gains, experiencing a CAGR worth 12.1%
Bio-polyamides are novel biopolymers made from sustainable materials such as natural fats and oils. These polymers are known as nylon, and they have a variety of beneficial qualities, including biocompatibility, reusability, and non-abrasiveness. Automotive, consumer products, electronics, fitness equipment, and construction are all businesses that substantially use bio-polyamides.
Polyamide 11 and 12 are members of the polyamide group, including nylon. Bio-polyamide materials can improve applications that have a high potential for wear and tear. Furthermore, bio-polyamides have a better environmental profile because they are made from renewable or bio-based raw materials such as castor oil, resulting in lower greenhouse gas emissions.
The use of bio-polyamides in automotive helps save money on gas and reduce carbon emissions, which is especially driving the trend of polyamides in e-mobility. When bio-polyamide structures are employed in the manufacturing process, fuel savings can be as high as 50%. Exceptional thermal and mechanical efficiency, high chemical resistance, minimal moisture absorption, and other features are also driving bio-sourced polyamide sales.
Demand for bio-polyamides is projected to rise at a very high CAGR of 14.5% from 2022 to 2032.
Which Market Dynamics are Driving Bio-Polyamide Market Growth?
“Growing Preference for Sustainable Solutions & Bio-polyamide Materials’ Unique Low Friction Quality”
Widespread usage of eco-friendly products in several industry sectors has been witnessed to reduce carbon footprint. Rising awareness of the environmental damage caused by the extraction of petroleum derivatives is expected to boost the sales of bio-polyamide materials over the coming years.
Petrochemicals are used to make synthetic surfactants. The biodegradable polyamide market is expected to be driven by rigorous regulations imposed due to environmental concerns about the toxicity of synthetic surfactants.
The fact that bio-polyamides have a unique attribute of low friction makes them ideal for several automotive products, including gears, bushings, and plastic bearings. Bio-polyamides are widely used in consumer items such as toys, electronics, and functions that require high temperatures, among other things.
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What Hurdles Do Bio-Polyamide Suppliers Have to Encounter?
“Presence of Substitutes & High Cost of Raw Materials”
Several specialty polyamides are manufactured using petroleum-based materials. As a result, unpredictable raw material pricing has been a major constraint for bio-polyamide manufacturers. Patented production processes and high raw material costs have made it difficult for new companies to enter the bio-polyamide industry.
The widespread accessibility of alternatives and strict regulatory environment is also hampering the production of bio-polyamides, besides market growth.
Which Region Will Lead Revenue Generation for Bio-Polyamide Manufacturers?
“Supportive Government Policies for Bio-polyamide Development Driving Market Value in North America”
North America accounts for 35.9% share of the global bio-polyamide market. The North America bio-polyamide market is predicted to rise at a considerable pace.
Some of the primary reasons contributing to market expansion in the region include proper production and distribution networks, the presence of widely recognized automobile companies, advancements in technology, and favorable government initiatives in the region.
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Country-wise Insights
What are the Growth Prospects of the U.S Bio-Polyamide Market?
“Increasing Sales of Bio-polyamide Materials in the U.S.”
The U.S. bio-polyamide market is expected to rise at a CAGR of 15% from 2022 to 2032. Because of its well-developed economy and favorable government regulations, the United States is one of the most lucrative markets for car manufacturing. Technological improvements in the automotive, consumer electronics, and apparel industries are expected to drive demand for durable polyamides over the projected period.
The market for bio-polyamides in the United States is being driven by the existence of several high-end carmakers, rising sales of bio-polyamide materials, strict emission standards, and green initiatives being undertaken in the country.
Why is Demand for Bio-Polyamides Surging in China?
“Rising Adoption of Electric Vehicles to Fuel China Market Value”
The China bio-polyamide market in is expected to reach a valuation of US$ 128.8 million by 2032, due to rapid industrial growth, growing demand from diverse end-user sectors, and cost-effective production.
High demand for automotive products is due to price deflation, rising household incomes, and increased investments in product innovation. Growing electrical and electronics industries, as well as increased awareness about energy saving, is expected to positively impact the bio-based polyamide market over the forecast period.
Another element driving product demand is the rising adoption of electric vehicles in China. Various government organizations are trying to develop and build the infrastructure required for electric vehicles. Rising demand for electric vehicles is multiplying the applications of polyamide in E-mobility.
Category-wise Insights
Which Bio-Polyamide Product Type is Most Preferred?
“PA-6 Maintaining Lead Owing to Superior Properties”
PA-6 accounts for 48.1% of the global bio-polyamide market share, with the rest being held by PA-66 and specialty polyamides. Bio-polyamide 6 is a semi-transparent polymer with good thermoplasticity, chemical resistance, and endurance when modified.
PA-6 also has an outstanding surface finish, long-term temperature resistance, and creep and UV protection. It is less expensive than PA-66, which adds to its popularity in the market.
Its non-toxic and odorless qualities make it an ideal contender for a variety of applications. The automobile sector makes use of the material's strong mechanical hardness, compressive strength, and fracture toughness.
Which End-use Sector Drives Most Demand for Bio-Polyamides?
“Increasing Investments for Product Innovation in Textiles to Stimulate Market Growth”
The textiles segment, in terms of end use, is expected to rise at a higher CAGR of 16.7% over the forecast period. Bio-polyamides are robust, stable, and long-lasting, making them an ideal product for use in the textile sector. Increased product demand can also be linked to government laws that encourage the development of eco-friendly and sustainable products.
Massive investments by key players in the textile industry are expected to have a beneficial impact on market growth over the coming years, especially with the emergence of antimicrobial polyamide textiles. Rising disposable incomes and increased knowledge about the use of bio-polyamides are expected to boost product demand in the textile industry over the forecast period.
Competitive Landscape
Bio-polyamide manufacturers are concentrating their efforts on expanding their operations in emerging markets. Market participants are focusing their resources and capital on profitable end uses while attempting to grow their customer base.
Companies are also developing plans for product development and portfolio expansion through investments and mergers & acquisitions.
For instance,
- In 2019, Evonik began the construction of a new facility for polyamide 12, along with expanding its production capacity of transparent polyamides.
Key Segments Covered in Bio-Polyamide Industry Research
-
By Product Type :
- PA-6
- PA-66
- Specialty Polyamides
-
By End Use :
- Textiles
- Automotive
- Films & Coatings
- Industrial
- Electrical & Electronics
- Other End Uses
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Type
- 9.1. PA-6
- 9.2. PA-66
- 9.3. Specialty Polyamides
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use
- 10.1. Textiles
- 10.2. Automotive
- 10.3. Films & Coatings
- 10.4. Industrial
- 10.5. Electrical & Electronics
- 10.6. Other End Uses
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Asahi Kasei
- 21.2. Solvay
- 21.3. BASF
- 21.4. SABIC
- 21.5. DSM
- 21.6. Lanxess
- 21.7. Domo Chemicals
- 21.8. Arkema
- 21.9. Evonik Industries
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Product Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Product Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By End Use, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By End Use, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Product Type, 2022 (E)
Figure 18: North America Market Value Share, By End Use, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Product Type, 2022 (E)
Figure 26: Latin America Market Value Share, By End Use, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Product Type, 2022 (E)
Figure 34: Europe Market Value Share, By End Use, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Product Type, 2022 (E)
Figure 42: South Asia Market Value Share, By End Use, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Product Type, 2022 (E)
Figure 50: East Asia Market Value Share, By End Use, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Product Type, 2022 (E)
Figure 58: Oceania Market Value Share, By End Use, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Product Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By End Use, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Product Type, 2022 (E)
Figure 75: U. S. Market Value Share, By End Use, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Product Type, 2022 (E)
Figure 78: Canada Market Value Share, By End Use, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Product Type, 2022 (E)
Figure 81: Mexico Market Value Share, By End Use, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Product Type, 2022 (E)
Figure 84: Brazil Market Value Share, By End Use, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Product Type, 2022 (E)
Figure 87: U. K. Market Value Share, By End Use, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Product Type, 2022 (E)
Figure 90: Germany Market Value Share, By End Use, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Product Type, 2022 (E)
Figure 93: France Market Value Share, By End Use, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Product Type, 2022 (E)
Figure 96: Italy Market Value Share, By End Use, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Product Type, 2022 (E)
Figure 99: Spain Market Value Share, By End Use, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Product Type, 2022 (E)
Figure 102: Russia Market Value Share, By End Use, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Product Type, 2022 (E)
Figure 105: China Market Value Share, By End Use, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Product Type, 2022 (E)
Figure 108: Japan Market Value Share, By End Use, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Product Type, 2022 (E)
Figure 111: South Korea Market Value Share, By End Use, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Product Type, 2022 (E)
Figure 114: India Market Value Share, By End Use, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Product Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By End Use, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Product Type, 2022 (E)
Figure 120: Australia Market Value Share, By End Use, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Product Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By End Use, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Product Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By End Use, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Product Type, 2022 (E)
Figure 129: Turkey Market Value Share, By End Use, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Product Type, 2022 (E)
Figure 132: South Africa Market Value Share, By End Use, 2022 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global bio-polyamide market size?
The global bio-polyamide market is estimated to be worth US$ 208.3 million in 2022.
At what CAGR is the bio-polyamide market expected to progress?
The bio-polyamide market is anticipated to surge ahead at a CAGR of 14.5% over the forecast period of 2022 to 2032.
Which type of bio-polyamide accounts for the highest sales?
PA-6 accounts for 48.1% share of the global bio-polyamide market.
Which are the top companies in the bio-polyamide market?
Arkema, Asahi Kasei, BASF, DSM, and Evonik Industries are the top suppliers of bio-polyamide.
Which countries account for the most demand for bio-polyamides?
The U.S., Germany, Mexico, China, and Brazil are expected to drive the most demand for bio-polyamides.
Which key market trends are driving bio-polyamide market demand?
Growing demand for bio-polyamides in the automotive industry and increasing product penetration in the electrical & electronics industry are driving market growth.
Bio-Polyamide Market