Title: Biobased & Synthetic Polyamides Market Trends Report & Forecast, 2018 – 2024
1Biobased Synthetic Polyamides Market Growth,
Application Analysis from 2018 to 2025
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2Global Market Scenario of Biobased Synthetic
Polyamides Market
- 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.
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3Continue-
- 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.
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4U.S. biobased synthetic polyamides market size,
by end-user, 2014 2025 (USD Billion)
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5360 Industry Analysis
- 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
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6- Regional Analysis
- Asia Pacific led biobased synthetic polyamides
market in 2017 and contributed a market share
exceeding 40. The massive share was attributed
to the vast growth indicated especially by the
regional construction and automotive industries.
According to a report by the UN, the number of
cities with 500,000 inhabitants or more is
projected to grow by about 30 in Asia by 2030.
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. - Competitive Analysis
- 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. BASFs acquisition
of Solvay polyamide business in September 2017
was a notable move in the global polyamide
industry.
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7 Latest Research Report On Biobased
Synthetic Polyamides Market _at_ https//bit.ly/2yDE
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