Global Bio Based Polyamide (PA) Market – Industry Trends and Forecast to 2029

Bio Based Polyamide (PA) Market Analysis and Size

The global bio based polyamide (PA) market is expected to witness significant growth during the forecast period. The “polyamide 66 bio polyamide” is the fastest growing type segment due to their huge application in engineering plastic, fiber, textile engineering, electrical and electronic industry over the forecast period. Furthermore, the demand for the bio based polyamide (PA) increases especially in the manufacturing of advanced equipment in industrial automation, and automotive industry. Among all these applications, the automotive industry has the fastest growing applications, expected to drive the bio-based polyamide market's growth over the forecast period.

Data Bridge Market Research analyses that the bio based polyamide (PA) market was valued at USD 275.27 million in 2021 and is expected to reach USD 447.09 million by 2029, registering a CAGR of 6.25% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Bio-based polyamides are a new type of bioplastics which are produced from renewable resources such as natural fats and oils. These materials are eco-friendly and are used in several applications such as pneumatic air brake tubing, automotive fuel lines, electrical flexible oil and gas pipes, cable jacketing and powder coatings. Some novel applications involve tires, tooth brushes, carpets, sporting goods and electronic casings.

Global Bio Based Polyamide (PA) Market Dynamics

Drivers

• Usage in textile industry

Bio based polyamide (PA) are also used for the manufacturing of the fibres and these are produced in a variety of forms, as carpet filament, textile filament and as industrial filament, For instance, for ropes. However, for both staple fibres and continuous filament, spun from the molten bio based polymer at very high speeds and produced high quality material required for the several purposes in textile.

• Rising demand of bio based polyamide (PA)  in automotive sector

Increasing demand of bio based polyamide (PA)  in automotive sector) to forms air intake manifolds, valve covers, engine covers, and airbag containers, as well as used for external components such as wheel covers, handles, grilles and fuel caps. These components can also use metal, but the bio based polyamide (PA) makes these components lighter as well as more fuel-efficient for cars and also cuts down the production costs.

• High demand of bio based bio based polyamide (PA) due to environmental concern

Bio-based bio based polyamide (PA) is the bio based form of polyamide (PA) which are gaining traction due to the growing environmental concerns by the consumption of fossil fuel-based polyamide. These polyamide improved low moisture absorption rate, chemical resistance, and higher impact strength as compared to their traditional counterparts which have increased the usage of this bio based polyamide in several applications such as tires, sporting goods, cable jackets, carpets, and flexible gas and oil hoses. These factors are expected to drive the growth of the bio based polyamide (PA) market.

• Usage in textile industry

Bio based polyamide (PA) are also used for the manufacturing of the fibres and these are produced in a variety of forms, as carpet filament, textile filament and as industrial filament, For instance, for ropes. However, for both staple fibres and continuous filament, spun from the molten bio based polymer at very high speeds and produced high quality material required for the several purposes in textile.

Opportunities

• Multi applications associated with bio based polyamide (PA)

The widespread applications of the bio-based polyamide (PA) in the packaging industry will act as one of the major factors for market growth. The increase in demand for bio based polyamide (PA) in several sectors such as, packaging, automotive, electrical and electronics, machinery, textiles, and consumer goods accelerate the market growth. The rise in the inclination towards bio based polyamide (PA) comparison to chemical based polyamide and metals in automotive air intake manifolds further influence the market and create lucrative opportunities for the market growth during the forecast period.

Moreover, the research and development activities positively affects the growth of the bio based polyamide (PA) market. Moreover, development is the increasing need for lightweight raw materials in the transportation and automobile sectors to extend beneficial opportunities to the market players during forecast period.

Restraints/ Challenges

• Fluctuating prices 

Volatility in the prices of raw materials poses a major issue to the bio-based polyamide (PA) growth. Additionally, uneven availability of the raw materials at one specific location is demeaning the market's growth, which are the major market restraint for the market.

This bio based polyamide (PA) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bio based polyamide (PA) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Bio Based polyamide (PA) Market

The bio based polyamide (PA) industry was unaffected by COVID-19 pandemic but the lockdowns during pandemic  posed a number of problems for industry participants which is including logistical difficulties in shipping end goods, disrupted supply chains, and recruiting staff from quarantines. The coronavirus outbreak the government has imposed lockdowns that have temporarily disturbed the activities of several industries such as bio-based polyamide (PA) industry. Due to this pandemic, the growth of the bio based polyamide (PA) industry is in a downward spiral. Thus, COVID-19 left a major impact on the growth of the bio based polyamide (PA) market.

 Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Bio Based Polyamide (PA) Market Scope

The bio based polyamide (PA) market is segmented on the basis of type, precursor, material, application fiber and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Polyamide 6
• Polyamide 6, 6
• Polyamide 10
• Polyamide 11

Precursor

• CPL
• ADA
• HDMA

Material

• Fiber
• Plastics

 Application Fiber

• Fiber
• Engineering plastics

End User

• Textile
• Automotive
• Film and Coating
• Consumer Goods
• Industrial
• Electrical & Electronics
• Others

Bio Based Polyamide (PA) Market Regional Analysis/Insights

The bio based polyamide (PA) market is analysed and market size insights and trends are provided by country, type, precursor, material, application fiber and end user as referenced above.

The countries covered in the bio based polyamide (PA) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the bio-based polyamide (PA) market in terms of market share due to consumers' increasing disposable income and rising demand for automobiles in this sector.

Europe is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to rising demand for the lightweight polyamide from the manufacturers of auto component in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Bio Based Polyamide (PA) Market Share Analysis

The bio based polyamide (PA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bio based polyamide (PA) market.

Some of the major players operating in the bio based polyamide (PA) market are:

• BASF SE (Germany)
• DSM (Netherlands)
• Evonik Industries (Germany)
• Ascend Performance Materials (U.S.)
• DuPont (U.S.)
• Arkema (France)
• LANXESS (U.S.)
• Honeywell International Inc (U.S.)
• Invista (U.S.)
• Solvay (Belgium)
• Shenma Industrial Co., Ltd. (China)
• KRATON CORPORATION (U.S.)
• Mitsubishi Chemical Company Inc, (Japan)
• Green Dot Bioplastic (U.S.)
• Exxon Mobil Corporation (U.S.)
• Toray Industries Inc (Japan)
• KOLON PLASTIC INC (South Korea)

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