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Bio-Polyamide Market Size Worth USD 220.6 Million By 2022 : Radiant Insights,Inc

San Francisco, Dec. 23, 2015 (GLOBE NEWSWIRE) -- The global Bio-Polyamide Market is expected to reach USD 220.6 million by 2022. Growing demand for environmental friendly, sustainable products across various end-use industries such as automotive and consumer goods is expected to remain a key driving factor for global bio-polyamide market. In addition, positive outlook on Asian automotive industry is also expected to have a positive influence on the market growth. Favorable environmental regulations along with increasing focus on recyclable and green products particularly in the U.S. and Europe have also spurred demand growth. However, high cost of bio-polyamide compared to its synthetic counterpart is expected to remain a key challenge for market participants.

PA-6 was the leading product segment and accounted for 47.4% of total market volume in 2014. Growing demand for PA-6 particularly in automotive industry is expected to remain a key driving factor for this segment. Global demand for specialty bio-polyamides is expected to exceed 5 kilo tons by 2022.


Browse Full Research Report With TOC On "Bio-Polyamide Market Analysis By Product" at: http://www.radiantinsights.com/research/bio-polyamide-market-analysis-by-product-pa-6-pa-66-specialty-polyamides-by-application-fiber-engineering-plastics-by-end-use-textile-automotive-film-amp-coating-consumer-goods-industrial-electrical-amp-electronics-and-segment-forecasts-to-2022

Further key findings from the study suggest:

  • Global bio-polyamide market demand was 21,411.4 tons in 2014 and is expected to reach 50,465.3 tons by 2022, growing at a CAGR of 11.3% from 2015 to 2022.
  • Engineering plastics was the most dominant application and accounted for 60.7% of total market volume in 2014. It is also expected to witness the highest growth rate of 11.5% from 2015 to 2022. Growing demand for light weight, high performance materials across aerospace and automotive industries is expected to remain a key driving factor for this segment over the forecast period.
  • Automotive emerged as the leading end-use industry and accounted for one-third of total consumption in 2014. Increasing adoption of recyclable material in the global automotive industry is expected to remain a key driving factor for this segment over the forecast period. Automotive is also expected to witness the highest growth of 12.1% from 2015 to 2022.
  • Europe emerged as the leading regional market and accounted for 34.8% of total market volume in 2014. Stringent environmental regulations regarding use of synthetic polyamide across textile and automotive industries coupled with growing demand for environment friendly products can attributed to the growth of regional market. North American bio-polyamide market is expected to exceed USD 50 million by 2022.
  • Key companies operating in the global bio-polyamide market include Arkema, BASF, E. I. DuPont De Nemours & Company, Evonik Industries AG, Huntsman Corporation and Lanxess AG. Other industry participants include Formosa Plastics Corporation, Honeywell International Inc. and DOMO Group.

Browse All Reports of This Category at: www.radiantinsights.com/catalog/chemicals

Global Bio-Polyamide Product Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)

  • PA-6
  • PA-66
  • Specialty Polyamides

Global Bio-Polyamide Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)

  • Fiber
  • Engineering Plastics

Global Bio-Polyamide End-Use Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)

  • Automotive
  • Textile
  • Film & Coating
  • Sports & Leisure
  • Industrial
  • Electrical & Electronics
  • Other

Global Bio-Polyamide Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)

  • North America
  • S.
  • Europe
  • Germany
  • France
  • K.
  • Asia Pacific
  • China
  • Japan
  • India
  • Middle East & Africa
  • Central & South America

Related Reports by Radiant Insights:

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http://www.radiantinsights.com/research/global-bio-succinic-acid-market-2014-2018

  • Global Box Office Market –

http://www.radiantinsights.com/research/global-box-office-market-2014-2018

About Radiant Insights

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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Source: Radiant Insights