Biobased & Synthetic Polyamides Market Update, Analysis, Forecast, 2018 – 2024
Biobased & Synthetic
Polyamides Market Size will surpass USD 42 billion by 2025; according to a new
research report by Global Market Insights, Inc.
Strong demand for 3D printing from
various end-user industries including: transportation, healthcare and consumer
products industries will propel global biobased & synthetic polyamides
market size by 2025. The product will hold a substantial potential in a range
of 3D printing applications in healthcare segment, such as: orthopedic devices,
MRI machines casings, prosthetic body parts, etc., thus driving the overall
demand for polyamides.
The most common applications of
biobased & synthetic polyamides have been: fuel lines, corrugated tubes,
hydraulic hoses, transmission oil cooler hoses, coolant & degassing pipes,
pneumatic tubes, clutch tubes, servo brakes, filaments, gas transportation,
sensors connectors & solenoids, sporting goods, hand held devices,
industrial tubes and other hydraulic applications. Polyamide is an ideal
solution for vehicle weight reduction. They have been replacing metal parts in
automotive with the ease of mass production and molding. These trends depict
strong growth aspects for the biobased & synthetic polyamide industry by
2025.
Global manufacturing sector has
been marked with an overall change in consumer preferences, with rising
awareness regarding the impacts of the consumption of non-renewable energy
sources on the environment. Demand for renewable source based high-performance
materials has been expanding substantially across the globe which is projected
to result in an increased consumption of biobased polyamides such as PA 11, PA
10, etc. during the forecast span. Higher production costs of polyamides might
have a negative impact on the overall market growth.
In 2017, PA 6 and PA 66 together
held massive market share surpassing 80% in global biobased & synthetic
polyamides market. Biobased Polyamide 11 is expected to witness a faster growth
in the next seven years. The robust growth traits of global bioplastics
industry present a brighter outlook for the overall biobased polyamides segment
during the forecast span.
Textiles was a significant
end-user segment in global biobased & synthetic polyamides market in 2017.
The segment will rise with a CAGR above 4.5% by 2025. Aramids will have strong
growth aspects in this area, for their use in military and occupational
protective apparels. Stringent guidelines by the U.S. OSHA regarding the
occupational safety is likely to boost the protective clothing consumption by
2025, which shall have a positive influence on the overall market size during
the forecast span.
Browse Complete Summary of this
report @
https://www.gminsights.com/industry-analysis/biobased-and-synthetic-polyamides-market
https://www.gminsights.com/industry-analysis/biobased-and-synthetic-polyamides-market
The rising urbanization and the
population feeding requirements in geographies including: India, Taiwan, South
Korea and others will lead to significant escalations in the regional
industries: construction, healthcare, energy, automotive, food, etc. These
traits will have a remarkable potential for biobased & synthetic polyamides
market in various applications such as: 3D printing, packaging, industrial
coatings, engineering plastics, chemical processing, optical fibers, etc.
Major manufacturers have been:
Arkema, BASF SE, DSM, UBE INDUSTRIES, Evonik, DowDuPont Inc., EMS-CHEMIE
HOLDING AG, Asahi Kasei Corp., Lanxess, Grupa Azoty, RTP Company and others.
Companies have been engaged in strategic mergers & acquisitions for
strengthening their geographical footprint in order to serve the growing demand
for polyamides. BASF’s acquisition of Solvay polyamide business in September
2017 was a notable move in the global polyamide industry
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in
Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting
services. Our business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
Contact Us
Arun HegdeCorporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Biobased & Synthetic Polyamides Market Update, Analysis, Forecast, 2018 – 2024
Reviewed by GMI
on
October 29, 2018
Rating:
Reviewed by GMI
on
October 29, 2018
Rating:
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