Global Bio-Polyamide Market Is Expected To Reach USD 220.6 Million By 2022: Radiant Insights, Inc
RadiantInsights.com includes new market research report on “Global Bio-Polyamide Market Size, Share And Trends Report To 2022 : Radiant Insights” to its huge collection of research reports.
San Francisco, United States – August 25, 2015 /MarketersMedia/ —
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.
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 full research report with TOC on “Bio-Polyamide Market Analysis By Product (PA-6, PA-66, Specialty Polyamides), By Application (Fiber, Engineering Plastics), By End-Use (Textile, Automotive, Film & Coating, Consumer Goods, Industrial, Electrical & Electronics) And Segment Forecasts To 2022” 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
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
• U.S.
• Europe
• Germany
• France
• U.K.
• Asia Pacific
• China
• Japan
• India
• Middle East & Africa
• Central & South America
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Source: http://www.grandviewresearch.com/
Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
WEB: http://www.radiantinsights.com/
For more information about us, please visit 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
Contact Info:
Name: Michelle Thoras
Email: sales@radiantinsights.com
Organization: Radiant Insights, Inc.
Address: 28 2nd Street
Phone: 14153490054
Release ID: 89847
Copyright © 1999-2013 SproutNews.com
