Bio Polyamides Market Asia Pacific will Hold Major Market Share by 2023

Posted April 20, 2018 by harishsomani321

Global Bio Polyamides Market by: Type (PA 6, PA 6, 6, and Specialty Polyamides), Application (Engineering Plastic, and Fiber), End Use (Automotive, Textile, Electronics & Electrical, Films & Coatings, Consumer Goods, Industrial)- Forecast to 2023

Market Overview:
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.,
• 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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Last Updated April 20, 2018