Bio Polyamides Market by Type (PA 6, PA 6, 6, and Specialty Polyamides), by Application (Engineering Plastic, and Fiber), by End Use (Automotive, Textile, Electronics & Electrical, Films & Coatings, Consumer Goods, Industrial, and Others), and Region - Fo
Market Research Future (MRFR) recognizes the following companies as the key players in the Global Bio Polyamides Market: Arkema Group, Evonik Industries, DowDuPont Inc., BASF SE, EMS-GRIVORY, Solvay S.A., Royal DSM NV, Domo Chemicals, Radici Group, and Toray Industries Inc.
Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4440
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, 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.
Access Complete Report @ https://www.marketresearchfuture.com/reports/bio-polyamide-market-4440
The Global Bio Polyamides Market is segmented into type, application, end use, and region. On the basis of type, the global market has been segmented into PA 6, PA 6, 6, and specialty polyamides. Among all, PA 6 (polyamide 6) was the dominant segment and accounted for 64.30% in 2016 due to various properties such as long term heat resistance, excellent surface quality, and UV resistance. Based on the application, the global market has been segmented into engineering plastic and fiber. Engineering plastic segment dominated the global market and accounted for overall market share of 58.25% as of 2016. The engineering plastic gained market attraction in various end use industries owing to their recyclability, electromechanical resistivity, ductility, and creep resistance. The automotive industry consume goods, industrial are the key consumers of the engineering plastic and accounted for majority revenue.
Market segmentation based on the end use includes automotive, textile, electronics & electrical, films & coatings, consumer goods, industrial, and others. The others segment comprises sports industry, and medical industry. The automotive industry emerged as the market leader with the highest consumption of 25.80 kilo tons bio polyamides at a healthy CAGR of 3.10% as of 2016. In this industry, Bio-Polyamides are used in various applications such as engine components, fuel lines, air break lines, multilayer tube lines, and others. The textile industry was the second largest consumer of Bio-Polyamides and has been growing at the highest CAGR over the last few years due to fiber suitable applications of Bio Polyamides. Nevertheless, the consumer goods segment is growing at 3.27% and emerged as highly potential end use segment by representing dynamic growth. This is due to the wider application area of consumer goods industry coupled with increasing usage of Bio-Polyamides in this industry.
The Global Bio-Polyamides Market is segmented into five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among all the regions, 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.
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.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bio Polyamides Market by Type (PA 6, PA 6, 6, and Specialty Polyamides), by Application (Engineering Plastic, and Fiber), by End Use (Automotive, Textile, Electronics & Electrical, Films & Coatings, Consumer Goods, Industrial, and Others), and Region - Fo here
News-ID: 1690066 • Views: 201
More Releases from Market Research Future - MRFR
Vehicle Analytics Market Heading with the Rising Demand for Efficient Traffic Ma …
The global vehicle analytics is growing rapidly. The market growth attributes to the increasing uptake of vehicle intelligence. Besides, increasing implementation of advanced technologies like artificial intelligence, machine learning, and predictive maintenance offering real-time data analysis drive the market growth. Moreover, rising uses of data collected by sensors and GPS tracking devices to improve traffic management escalate market demand. According to Market Research Future (MRFR), the global vehicle analytics market
Silicone Structural Glazing Market 2020 Top Key Players : Sika AG, Asahi Glass C …
Market Overview Market Research Future (MRFR) presumes that the silicone structural glazing market 2020 is gaining significant ground quite steadily and can achieve a growth rate of 8.5% from 2017 to 2023 (review period). Growth Boosters and Key Challenges Continuously increasing spending on infrastructural projects in developing countries like India and China are providing a host of attractive opportunities to manufacturers. The constant advancements in commercial, residential and public buildings along
Electric Sports Utility Vehicle (e-SUV) Market 2020: Business Trends, COVID – …
Market Research Future (MRFR) emphasizes that the Global Electric Sports Utility Vehicle (e-SUV) Market 2020 is slated to grow exponentially over the review period, securing a substantial market valuation and a healthy CAGR over the review period. Drivers and Restraints Automobiles operating on non-renewable fuel supplies emit large quantities of carbon, which is a primary polluting agent. Governments are also encouraging environmentally friendly vehicles which are supposed to curb carbon emissions.
Foldable Display Market Expected to Reach at $1,549.4 Million by 2024 | Know COV …
As per the research by Market Research Future Reports (MRFR), the global foldable display market is estimated to thrive at a CAGR of 62%, valuing USD 1,549.4 million during the review period. The increasing demand for smartphones is the most significant factor driving the global foldable display market 2020. The flexible display is an upcoming technology and is estimated to transform the electronics industry in the forthcoming period. The incorporation
More Releases for Bio
Global Bioplastics (Bio-plastics,Bio plastics) Market 2018 - Braskem, BASF
Apex Market Reports, recently published a detailed market research study focused on the “Bioplastics (Bio-plastics,Bio plastics) Market” across the global, regional and country level. The report provides 360° analysis of “Bioplastics (Bio-plastics,Bio plastics) Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Bioplastics
Bio Electronics and Bio Sensors Market Forecasts, 2017-2025
Description: The global bio electronic market is valued USD $15 billion in 2016 and is expected to grow at a CAGR of 11.6% during the forecast period 2017-2025. The market is driven by various factors such as rapid advancement in semiconductor technology, high demand in implantable medical devices, increasing prevalence of neural and cardiac diseases among others. The emerging healthcare technologies such as lab on chip, ambulatory surgical centres, and personalized devices are
Bio Simulation Technology Market
Global Bio Simulation Technology Industry Bio Simulation Technology Market is estimated at $1.01 billion in 2015 and is projected to reach $2.99 billion by 2022 growing at a CAGR of 16.6% from 2015 to 2022. Reduction in the cost of drug discovery and development and risk of failure of drug molecule are some of the factors driving the market growth. Furthermore, R&D investments in biotechnology and pharmaceutical industries, growth in the
Global Bio-Polyethylene Terephthalate (Bio-PET) Market Research Report 2021
Qyresearchreports include new market research report “Global Bio-Polyethylene Terephthalate (Bio-PET) Market Research Report 2021″ to its huge collection of research reports. This market intelligence report serves its readers with an executive-level blueprint of the global Bio-Polyethylene Terephthalate (Bio-PET) market. Data from a number of paid and unpaid sources including press releases, journals, presentations, and white papers has been taken into account for collating this report. The various factors influencing the growth of
SHANE RADBONE CORPORATE BIO
Young, dynamic and highly successful Shane founded his own business, Executive Fitness Management at age 20 in 1991. After a successful career in football that took him as high as playing for Essendon, Shane appreciated the need to have more than just sport in his portfolio. However taking his on field attitude to the corporate arena, Executive Fitness Management (EFM) grew into Australia’s largest Corporate Fitness Company. It started with
The Bio-Chromatographers’ wish
Simply high dynamic binding capacities (DBC’s) are no longer sufficient. High DBC, at high flow rates with close to 100% recovery, across a wide range of molecular weights, this is what chromatographers look for in modern ion exchange resins. “BioPro” YMC’s hugely successful ion exchange material offers exactly this. The growing user base confirms very good separation, high dynamic binding capacities and excellent recoveries for the anion as well as