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
Bio-Polyamide Market Outlook (2022-2032)
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.
Bio-Polyamide Market Size (2022)
US$ 208.3 Million
Projected Year Value (2032)
US$ 800.7 Million
Global Market Growth Rate (2022-2032)
Europe Market Share (2022)
Key Companies Profiled
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.
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Consumption Analysis of Bio-Polyamides from 2017-2021 Vs Market Outlook for 2022-2032
“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.
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.
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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.
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.
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.
COVID-19 Impact on Bio-Polyamides Consumption
The COVID-19 pandemic had a negative impact on the polyamide market. Various end-user sectors were harmed as a result of global government-imposed restrictions. Several industrial operations were temporarily halted as a result of lockdowns. Furthermore, due to disruptions in the product's supply chain management, a halt in transportation sectors severely hampered the polyamide market size.
However, with the lifting of restrictions, product demand has returned to near-normal. Furthermore, rising applications of bio-polyamides in the automotive and electrical & electronics industries are projected to boost market expansion rapidly over the years to come.
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.
- 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
Bio-Polyamide Market by Product Type :
- Specialty Polyamides
Bio-Polyamide Market by End Use :
- Films & Coatings
- Electrical & Electronics
- Other End Uses
Bio-Polyamide Market by Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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