Biobased & Synthetic Polyamides market

Market Insights

The global biobased & synthetic polyamides market is expected to grow from USD 34.85 billion in 2022 to USD 46.71 billion by 2028, at a CAGR of 4.91% during the forecast period. Surge in demand for: 3D printing, innovative packaging techniques and bioplastics is likely to be the most prominent trend driving the market over the forecast period. Being a strong, flexible and durable plastic material, polyamide has been proved reliable for 3D printing. Furthermore, biobased & synthetic polyamides are expected to observe significant growth in demand from the sectors including: transportation, textiles, energy and healthcare, on account of their strength and high durability, which in turn, will drive the market growth during the forecast period.

Segments' Analysis

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Biobased & Synthetic Polyamides Market Share: By Product Type

Based on the product type, the market is segmented as polyamide 6, polyamide 66, polyamide 10, polyamide 11, polyamide 12, and aramids. Polyamide 6 is expected to account for the major share of the market during the forecast period owing to its wide range of applications in the manufacturing of technical fabrics, monofilaments, food packaging, and functional clothing.  

Biobased & Synthetic Polyamides Market Share: By End-User Type

Based on the end-user type, the market is segmented as transportation, textiles, electrical & electronics, construction, consumer goods, energy, and healthcare. The transportation end-user type is anticipated to account for the major share of the market during the forecast period owing to the large-scale usage of biobased & synthetic polyamides in the automotive sector, wherein it is used for manufacturing of gasoline and oil-resistant tubes, fuel lines, air brake systems, engine covers, etc. Polyamide is penetrating over other materials in the transportation sector owing to its lightweight properties, which help to achieve vehicular weight reduction, thus driving the segment growth.

Biobased & Synthetic Polyamides Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the leading region in the market for biobased & synthetic polyamides during the forecast period. China is the leading market in the region, driven by huge production capabilities and availability of raw materials. Major factors such as industrialization, cost-effective manufacturing and huge growth exhibited by the regional transportation, consumer goods, electrical & electronics and construction sectors will drive the growth of the regional market over the forecast period.

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Market Scope & Segmentation

Biobased polyamide is derived from renewable resources such as natural fats and oils. They have excellent mechanical properties including high tensile strength, flexibility, toughness, and good resilience.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The biobased & synthetic polyamides market is segmented into the following categories:

Biobased & Synthetic Polyamide Market Size, Share, & Forecast, by Product Type:

• Polyamide 6 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyamide 66 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyamide 10 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyamide 11 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyamide 12 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aramids (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Biobased & Synthetic Polyamide Market Size, Share, & Forecast, by End-User Type:

• Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Textiles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Biobased & Synthetic Polyamide Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the global biobased & synthetic polyamides market are-

• Arkema
• DSM
• BASF SE
• Evonik
• UBE Industries, Ltd.
• Asahi Kasei Corporation
• Dow DuPont Inc.
• Grupa Azoty
• EMS-Chemie Holding AG
• Lanxess
• RTP Company.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the product types by end-user type.   

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.