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Bio-based & Synthetic Polyamide Market Share

Report ID: GMI2939
Published Date: Dec 2021
Report Format: PDF

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Bio-based & Synthetic Polyamide Market Share

The bio-based & synthetic industry participants are primarily focused on forming strategic partnerships to increase their market presence and drive their revenue generation. Various companies associated with the bio-based & synthetic polyamide market are forming mergers & acquisitions and working on product capacity expansion along with boosting their research & development capabilities.

For instance, in May 2019, Evonik started constructing a new facility for polyamide 12 along with the capacity expansion of transparent polyamides. Moreover, in September 2017, BASF acquired Solvay’s integrated polyamide business situated outside Europe.

Various industry players associated with the bio-based & synthetic polyamide market are

BASF SE
Evonik
Arkema
Koninklijke DSM N.V.
Asahi Kasei Corporation
Lanxess
RTP Company
UBE INDUSTRIES LTD.
Grupa Azoty
Dow Chemicals
EMS-CHEMIE
Invista
Toray
Teijin Aramid B.V.
AdvanSix Inc.

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Bio-based & synthetic polyamide industry share is slated to exceed $43 billion by 2027 and is anticipated to exhibit a CAGR of 5.3% between 2021 and 2027 owing to rising product application in the packaging sector.

The market revenue from PA6 products was more than USD 13 billion in 2020 and will exceed USD 19 billion by 2027 owing to numerous properties such as compressive strength, mechanical strength, and high tensile properties that enhance product usage across the automobile industry.

The market share from automotive is expected to grow at a CAGR of 5.6% up to 2027 considering the surging requirement for lightweight automotive and decreased fuel consumption.

Asia Pacific bio-based & synthetic polyamide industry value will surpass USD 24 billion through 2027 with the soaring demand from numerous end-user industries, cost-effective manufacturing, and robust industrialization.