The global bio-based & synthetic polyamide market is anticipated to grow significantly at a CAGR of 3.8% over the forecast period (2024-2031). The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, Arkema announced the construction of a polyamide 11 powders plant in China., as they are widely used in demanding applications and provide an innovative solution for fast-growing markets such as, consumer, industrial, and electronic & electric markets. Moreover, in June 2021, Solvay has globally launched Bio Amni, the first partially bio-based polyamide textile yarn developed by the company. This launched supports the growing trend of sustainable textile products. It consist of polyamide 5,6 which is primarily generated at the company’s textile industrial unit.
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Additionally, in March 2022, Avinet launched NymaxBio formulation, line-based polyamide materials, this new material includes 16 and 47 percent natural filler from renewable plant sources. The plant-based raw materials have been, shown to offer significantly lower product carbon footprint values than traditional petroleum-based feedstocks.
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Market Coverage
- Segment Covered- by type, by end-user
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Asahi Kesai Corp., Basf Se., Huntsman International LLC, Lanxess., Ube Industries., Domochemicals, and others and others.
- Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Bio-Based & Synthetic Polyamides Market– Segmentation
By Type
- PA6
- PA66
- Others (pa10, pa11, pa12)
By End-User
- Automotive
- Packaging
- Construction
- Electrical & electronics
- Textile
- Others (film & coating, industrial)
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