Global Bio-Polyamide Market 2017-2021

Overview of the global bio-polyamide (BIO-PA) market

Research analysis on the global bio-polyamide (BIO-PA) market identifies that the superior properties and versatile nature of bio-PA will be the major factors that will have a positive impact on the market’s growth. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 12% by 2021. Bio-PA is a flexible material that can be combined with various materials and its low-friction property is beneficial for many products such as gears, bushings, and plastic bearings. It is also increasingly used in applications that have high wear and tear capabilities. The usage of bio-PA proves to be beneficial than engineering plastics and commodity plastics and is widely used in consumer products such as toys, furniture points of impact, and applications involving high temperatures.

In terms of geographic regions, Europe will be the major revenue contributor of the bio-PA market throughout the forecast period. Central and Eastern Europe are likely to witness significant growth of the automotive, consumer goods, and electrical and electronics sectors. The emergence of new production facilities and the increasing demand from the automotive sector, is fueling the demand for bio-PA in Europe.

Competitive landscape and key vendors

The vendors in the bio-PA market compete based on factors such as price, quality, performance, innovation, and customer-centrism. These vendors are also highly competitive when it comes to providing alternate products based on new processes and technologies. Performance and pricing are the major factors that play a significant role in the growth of the bio-polyamide manufacturers.

The leading vendors in the market are –

• Arkema
• Asahi Kasei
• BASF
• DSM
• Evonik Industries

The other prominent vendors in the market are Domo Chemicals, LANXESS, SABIC, Solvay, and Simona.

Segmentation by application and analysis of the bio-PA market

• Industrial plastics
• Fibers

During 2016, the industrial plastics segment accounted for the major shares of the bio-PA market. Factors such as the increasing environmental regulations and the rising usage of bio-PA due to its properties including low moisture absorption, excellent chemical resistance, and high melting point, will contribute to the growth of this industry segment in the coming years.

Segmentation by type and analysis of the bio-PA market

• PA6
• PA66

According to this market research report, the PA6 segment will account for the maximum shares of the bio-PA market until 2021. High strength, lesser weight, and increased machineability are some of the advantages that will drive the demand for PA6 in the coming years.

Key questions answered in the report include

• What will the bio-polyamide (BIO-PA) market size and the growth rate be in 2021?
• What are the key factors driving the global bio-polyamide (BIO-PA) market?
• What are the key bio-polyamide (BIO-PA) market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global bio-polyamide (BIO-PA) market?
• What are the market opportunities and threats faced by the vendors in the global bio-polyamide (BIO-PA) market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global bio-polyamide (BIO-PA) market?