Press release
Bio Polyamides Market Size, Top Global Key Players Analysis till 2023- BASF SE, Solvay S.A., Arkema Group, Royal DSM NV, Evonik Industries and DowDuPont Inc.
The Global Bio Polyamides market was valued at USD 171.01 million in 2016 and is predicted to grow at 3.51% CAGR to reach USD 216.22 million by the end of 2023. Bio-polyamides consumption has gained momentum due to its versatile nature and stringent regulations on excess consumption of synthetic polyamides.
Growing automotive industry, high adoption of bio-polyamides in end use industries, versatile nature along with superior properties associated with it drive the growth of the market. Growing use of bio polyamides in the consumer goods segment anticipated to complement market growth over the review period. Furthermore, due to fiber suitable application of bio-polyamides, the textile industry is expected to be the major contributor to the growth of the market over the forecast period. However, the global growth of this market is restrained by unstable prices of raw material.
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Major Key Players:
The Major Players operating in the Bio Polyamides Market are:
• Arkema Group,
• Evonik Industries,
• DowDuPont Inc.,
• BASF SE,
• EMS-GRIVORY,
• Solvay S.A.,
• Royal DSM NV,
• Domo Chemicals,
• Radici Group,
• Toray Industries Inc.
Market Segmentation:
The Global Bio Polyamides Market is categorized on the basis of Type, Application, End-Use Industry:
On The Basis Of Type-
• PA 6,
• PA 6, 6,
• Specialty Polyamides
On The Basis Of Application -
• Engineering Plastic
• Fiber
On The Basis Of End-Use Industry-
• Automotive,
• Textile,
• Electronics & Electrical,
• Films & Coatings,
• Consumer Goods,
• Industrial
Regional Analysis:
Geographically, Bio Polyamides Market is segmented across Five Regions in the world namely:
• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.
Asia Pacific was the largest market for bio polyamides followed by North America and Europe region. As of 2016, the region accounted for 44% of the global market share and it is likely to reach USD 96.39 million by 2023 growing at CAGR of 3.70%.
North America is the second largest market closely followed by Europe, which is another growth attracting market. The region registered the second largest automotive production after China by complimenting regional growth. Whereas, European regulations pertaining to CO2 emission and green initiatives expected to offer lucrative growth prospects in the coming years.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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