The Report Bio-Polyamide Market is segmented by Type (Polyamide 6, Polyamide 66, Polyamide 10, Polyamide 11), by Engineering Plastics (Automotive, Film & coating, Industrial/Machinery, Electrical & electronics, Consumer goods appliances, Wires & cables and Others), by Material (Textile, Industrial, Carpet and Staple), by Application Fiber (Fiber and Engineering plastics), by Precursor (Caprolactam (CPL), Adipic Acid (ADA) and Hexamethylenediamine (HDMA). PA 10, PA, 11, PA 12, PA 46, PA 6/12, and PA 6/10 are bio-based. Due to its low cost and excellent performance ratio, bio-polyamide 6 is the segment that produces the most goods on the global market. The demand for bio-polyamide is expanding as a result of its increasing use in engineering products such engineering plastic and fibre.
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Market Value :
Global Bio-Polyamide Market is expected to grow at a CAGR of 10.1% during the forecast period. Global Bio-Polyamide Market is expected to reach US$ 5.82 Bn by 2029.
Bio-Polyamide Market Segment Analysis :
Type: This segment categorizes bio-polyamides based on their chemical composition. The types of bio-polyamides included in the market are Polyamide 6, Polyamide 66, Polyamide 10, and Polyamide 11. These are different variants of bio-polyamides, each with unique properties and applications.
Engineering Plastics (End-Use Industry): The Engineering Plastics segment divides the market based on the industries that use bio-polyamides as raw materials for manufacturing. The mentioned industries include Automotive, Film & Coating, Industrial/Machinery, Electrical & Electronics, Consumer Goods Appliances, Wires & Cables, and Others. These industries utilize bio-polyamides to create products with specific characteristics suited to their respective applications.
Material: This segment classifies bio-polyamides based on their application in different materials. The categories are Textile, Industrial, Carpet, and Staple. Each material category represents a specific use of bio-polyamides, such as in textiles, industrial applications, carpets, and staple products.
Application Fiber: This segment further elaborates on the application of bio-polyamides in the form of fibers. It encompasses two sub-segments: Fiber and Engineering Plastics. This differentiation highlights the versatile nature of bio-polyamides, which are used both as fibers for textiles and as components in engineering plastic products.
Precursor: The Precursor segment refers to the raw materials or building blocks used to synthesize bio-polyamides. The precursors mentioned are Caprolactam (CPL), Adipic Acid (ADA), and Hexamethylenediamine (HDMA). These precursors are used to create various types of bio-polyamides with distinct properties.
Bio-Based Variants: This aspect of the segmentation highlights specific bio-based variants of bio-polyamides. These variants include PA 10, PA 11, PA 12, PA 46, PA 6/12, and PA 6/10. These variants are derived from renewable sources and contribute to the market’s sustainability goals.
Market Insights: The provided information indicates that bio-polyamide 6 is a dominant segment due to its low cost and excellent performance. It finds extensive use in various industries, driving its high production volume. Additionally, the demand for bio-polyamides is expanding as they are increasingly utilized in engineering products such as engineering plastics and fibers.
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Regional Insights:
The Middle East and Africa, Asia Pacific, North America, and South America are included in the regional analysis of the global Bio-Polyamide market. Due to increased disposable income and shifting lifestyles, the Asia Pacific area is one of the leading markets for bio-polyamide globally. The market is anticipated to be driven by changes in regulations in favour of biopolyamide, particularly in emerging nations. Corporate Average Fuel Economy (CAFE) and the European Union claim that the anticipated CO2 limitations have put pressure on the producer to cut weight and CO2 emissions by 95 g/km in 2020 as opposed to the previous emission controls of 130 g/km in 2013.
Bio-Polyamide Market Key Companies :
1. Ascend Performance Materials Inc. (U.S.), 2. BASF SE (Germany), 3. E. I. du Pont de Nemours and Company (U.S.), 4. Formosa Group (Taiwan), 5. Honeywell International Inc. (U.S.), 6. Invista (U.S.), 7. Li Peng Enterprise Co. (China), 8. Radici Group (Italy), 9. Royal DSM N.V. (The Netherlands), 10. Solvay/Rhodia (France), 11. Shenma Industrial Co. Ltd. (China)
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