Global Biobased & Synthetic Polyamides Market is Expected to Reach 49.89 Billion by 2025: Fior Markets

Biobased & Synthetic Polyamides Market by Product (Polyamide 6, Polyamide 66, Polyamide 10, Aramids, Others), End User Industry, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

 | Source: Fior Markets Fior Markets

New Jersey, NJ, July 29, 2019 (GLOBE NEWSWIRE) -- Fior Markets launched a study titled, "Biobased & Synthetic Polyamides Market by Product (Polyamide 6, Polyamide 66, Polyamide 10, Aramids, Others), End User Industry, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025". As per the report, the global biobased & synthetic polyamides market is expected to grow from USD 32.64 Billion in 2017 to USD 49.89 Billion by 2025, at a CAGR of 5.45% during the forecast period from 2018-2025. Rising demand for the biobased & synthetic polyamides on account of their high durability and strength is driving the global biobased & synthetic polyamides market.

Market Outlook of the Biobased & Synthetic Polyamides

  • Polyamide, are a polymer in which the repeating units in the molecular chain are linked together by an amide group. Amide groups have the general chemical formula CO-NH. They may be produced by the interaction of an amine (NH2) group and a carboxyl (CO2H) group, or they may be formed by the polymerization of amino acids or amino acid derivatives (whose molecules contain both amino and carboxyl groups). Biobased polyamides are derived from the natural sources such as sebacic acid, castor oil etc. Biobased polyamides have a novel application value in the 3D printing, innovative packaging techniques, and bioplastics sectors.
  • Polyamides have proved to be reliable for 3D printing for being a strong, flexible and durable plastic material. The biobased polyamides are used as a coating material in printed circuit boards, body parts of modern aircraft, aerospace composite structures, for glass-reinforced pipes, etc. The biobased & synthetic polyamides are also widely utilized in the medical and healthcare industry for the purposes of manufacturing prosthetic body parts, orthopedic devices, casing of an open MRI machines etc. Thus unabated demand for the biobased & synthetic polyamides from the transportation, textiles, energy, and healthcare are anticipated to fuel the global biobased & synthetic polyamides market growth over the forecast period. 
  • Even though the factors such as rising utilization of composites in the various industries and the growth of the transportation industry are driving the global biobased & synthetic polyamides market, the high cost of production and volatility in the raw material prices are anticipated to restrain the growth of the market. However, the growing application in the 3D printing technology, increasing demand for the bioplastic materials, and increasing demand from the Asia Pacific region is anticipated to create new growth opportunities for the global biobased & synthetic polyamides market in the upcoming years.

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Product Segment Analysis of the Biobased & Synthetic Polyamides Market

  • Polyamide 6
  • Polyamide 66
  • Polyamide 10
  • Polyamide 11
  • Polyamide 12
  • Aramids
  • Others

Due to their wide-ranging application in the manufacturing of technical fabrics, monofilaments, food packaging, and functional clothing, the polyamide 6 product segment emerged as the leader in the global biobased & synthetic polyamides market with USD 14.02 billion revenue in 2017. Owing to their due to their superior rigidity, oriented molecular structure, ultra-high strength, low flammability, light-weight, abrasion resistance properties, the aramids segment is projected to grow at the fastest CAGR of 7.79% over the forecast period.

End-user industry Segment Analysis of the Biobased & Synthetic Polyamides Market

  • Transportation
  • Textiles
  • Electrical & Electronics
  • Construction
  • Consumer Goods
  • Energy
  • Healthcare
  • Others

 Due to widespread use of biobased & synthetic polyamides materials in the automobile industry, for the purposes of manufacturing of gasoline and oil resistant tubes, fuel lines, air brake systems, engine covers, the Transportation segment emerged as the largest end user industry segment in the global biobased & synthetic polyamides market with USD 11.51 billion revenue in 2017

Region Segment Analysis of the Biobased & Synthetic Polyamides Market

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
  • Asia-Pacific (China, Japan India, Rest of APAC)
  • South America (Brazil and Rest of South America)
  • Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific region emerged as the largest market for the biobased & synthetic polyamides with a 42.83% share of market revenue in 2017. Factors such as rapid industrialization, increasing demand for the consumer goods, electrical & electronics devices as well as the growth of construction and automotive industry, led Asia Pacific region to dominate the global demand for the biobased & synthetic polyamides in 2017. North America region also held a robust share of global biobased & synthetic polyamides market in 2017, due to the presence of well-established automotive, construction, electrical and electronics sectors in the region. 

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Competitive landscape and key vendors

  • Key players in the global biobased & synthetic polyamides market are Arkema, Royal DSM, BASF SE, Evonik Industries SE, UBE INDUSTRIES, LTD., Asahi Kasei Corporation, DowDuPont Inc., Grupa Azoty, EMS-CHEMIE HOLDING AG, Lanxess AG, RTP Company, Huntsman Corporation, INVISTA, Domo Chemicals, Toray Industries, Inc., Radici Partecipazioni SpA, Solvay, The Quadrant Group, LI Peng Enterprise Company Limited, Honeywell International, Inc., and among others.
  • There has been an increased demand for the biobased polyamides from the automotive, 3D-printing, consumer goods manufacturing industry. Thus satisfy this demand major firms are increasingly focusing on expanding their production capacities. For instance Arkema in 2017, announced its plans to invest USD 325 million for a world-scale plant dedicated to producing Rilsan® PA11 biosourced polyamide from castor oil.
  • For instance, in 2016, DSM launched ForTii Ace next generation high performance polyamides. This product is a polyphthalamide (PPA) based on 4T chemistry with set of mechanical, thermal and chemical properties. It have an important role in helping OEMs and their component and systems suppliers meet stringent CO2 emission norms targets as well as assist OEMs in replacing  the metals in applications.

About the report:

The global biobased & synthetic polyamides market is analysed on the basis of value (USD Billion), volume (Kilotons), consumption (Kilotons), imports (Kilotons) and exports (Kilotons). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

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Biobased Polyamides Market Synthetic Polyamides Market

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