Bio-Polyamide, Specialty Polyamide & Precursors Market - Forecast(2024 - 2030)

Report Code: CMR 11858 Report Format: PDF + Excel

Bio-Polyamide, Specialty Polyamide & Precursors Market Overview 

The Bio-Polyamide, Specialty Polyamide & Precursors Market size is projected to grow at a CAGR of 5.5% during the forecast period 2022-2027 and reach US$248.2 million by 2027. Bio-polyamides (also known as nylon) are primarily derived from renewable resources such as natural fats and oils which include sebacic acid, undecenoic acid, castor oil and more as opposed to synthetic polyamides. They are used in a wide range of industries including automotive, textile and other industries. The expansion of bio-polyamide, specialty polyamide & precursors market is primarily driven by its usage in the automotive industry. In 2020, the surge in the COVID-19 pandemic negatively impacted the automotive production activities, thus, temporarily affecting the growth of the bio-polyamide, specialty polyamide & precursors industry. However, a steady recovery in automotive production activities has been witnessed since 2021, which, in turn, is driving market growth. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total global automobile production reached 80.2 billion units in 2021, an increase of 3% as compared to 77.7 billion units in 2020. The growth of the automotive and textile industries is expected to drive the growth of the Bio-Polyamide, Specialty Polyamide & Precursors market size in the upcoming years. On the other hand, the availability of substitutes may confine market growth.

Bio-Polyamide, Specialty Polyamide & Precursors Market Report Coverage

The "Bio-Polyamide, Specialty Polyamide & Precursors Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Bio-Polyamide, Specialty Polyamide & Precursors Market.

By Type: Aliphatic Polyamides (PA 66, PA 6, PA 610, PA 11, PA 612, PA 12, PA 69 and PA 46) and Aromatic Polyamides (Aramid and Polyphthalamide).
By Precursor Type: Adipic Acid (ADA), Caprolactam (CPL), Hexamethylenediamine (HMDA) and Others.
By Application: Fibers, Knitted Garments, Bearings, Gears, Conveyor Belts, Sheet Gaskets, Sealing Rings, Protective Coverings, Electronic Connectors, Flat Panel Display, Cable Guards, Medical Implants and Others.
By End-use Industry: Automotive (Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicles), Electrical & Electronics (Semiconductor, Appliances and Others), Aerospace (Commercial, Military and Others), Packaging, Medical, Food & Beverage, Textile and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)].

Key Takeaways

  • Aliphatic polyamides held a significant share in the Bio-Polyamide, Specialty Polyamide & Precursors Market in 2021. Its wide range of characteristics, along with its high melting point and excellent abrasion resistance, made it stand out in comparison to other types of bio-polyamides in the market.
  • Automotive industry held the largest share in the Bio-Polyamide, Specialty Polyamide & Precursors Market in 2021. Their properties such as high abrasion resistance, high thermal resistance and more, make them ideal for use in the automotive sector.
  • Asia-Pacific dominated the Bio-Polyamide, Specialty Polyamide & Precursors Market in 2021, owing to its increasing demand from the automotive sector in the region.
  • A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Bio-Polyamide, Specialty Polyamide & Precursors Market Report.

Figure: Bio-Polyamide, Specialty Polyamide & Precursors Market Share, by Geography, 2021 (%)

Bio-Polyamide, Specialty Polyamide & Precursors Market

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Bio-Polyamide, Specialty Polyamide & Precursors Market Segment Analysis – by Type

Aliphatic polyamides held a significant Bio-Polyamide, Specialty Polyamide & Precursors Market share of over 20% in 2021, owing to its increasing demand due to the benefits it offers over other types of polyamides. Aliphatic polyamides offer better resistance to abrasion, chemicals and corrosion in comparison to aromatic polyamides. They also have higher electromagnetic resistance, thermal & wear resistance, higher strength, insulation properties and flexibility as compared to aromatic polyamides. Hence, all of these properties and benefits are driving its demand over other types of polyamides, which in turn, is expected to boost the market growth during the forecast period.

Bio-Polyamide, Specialty Polyamide & Precursors Market Segment Analysis – by End-use Industry

The automotive industry held the largest Bio-Polyamide, Specialty Polyamide & Precursors Market share of over 25% in 2021, owing to the increasing automobile production across the world. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total production of passenger cars in South America, Asia-Pacific and Africa increased by 11%, 7% and 8% respectively in 2021 as compared to 2020. Bio-polyamide (also known as nylon) is primarily derived from renewable resources such as sebacic acid, undecenoic acid, castor oil and others. They are used in the automotive industry in various components such as automobile structural parts, engine covers and other automobile components. Thus, such surging production from the automotive sector across the world is expected to expand the Bio-Polyamide, Specialty Polyamide & Precursors market size during the forecast period.

Bio-Polyamide, Specialty Polyamide & Precursors Market Segment Analysis – by Geography

Asia-Pacific held a dominant Bio-Polyamide, Specialty Polyamide & Precursors Market share of over 47% in the year 2021. The consumption of bio-polyamide, specialty polyamide & precursors is particularly high in this region due to its increasing demand from the automotive sector. Recent insights published by the OICA (International Organization of Motor Vehicle Manufacturers) during the fourth quarter of 2020 state that around 25 million, 3.5 million, 8 million and 3.4 million units of vehicles were produced in China, South Korea, Japan and India, respectively, which in turn, contributed to approximately 50% of the global automobile production during the year 2020. Thus, such an increase in automobile production across the region is expected to accelerate market growth during the forecast period.

Bio-Polyamide, Specialty Polyamide & Precursors Market Drivers

An increase in automobile production

Bio-Polyamide, Specialty Polyamide & Precursors are primarily used in the automotive industry for various interior and exterior applications, owing to their high abrasion resistance, high thermal resistance, wear resistance and excellent noise-dampening properties. According to the German Association of Automotive Industry, the new registration of motor vehicles during the fourth quarter of 2020 reached up to 16,763 units in Europe, 37,467 units in Asia, 3080 units in South America and 17,421 units in North America. Hence, an increase in global automotive production is expected to increase the demand for bio-polyamide and specialty polyamide for use in various components of an automobile, owing to their above-mentioned properties. This is expected to accelerate market growth in the upcoming years.

Growth of the textile industry

Bio-polyamide (also known as nylon) is primarily derived from renewable resources such as sebacic acid, undecenoic acid, castor oil and more. They are used in the production of fibers and fabrics utilized in the textile industry. Polyamide fibers and fabrics are relatively cheaper, lightweight and offer greater elasticity and flexibility, which make them ideal for use in the textile industry. In 2021, Spinnova invested US$4.5 million in the development of the new textile production facility in Finland. The development of the new facility began in March 2022 and is scheduled to be completed by mid-2023. Hence, such surging growth of the textile industry is anticipated to drive market growth in the upcoming years.

Bio-Polyamide, Specialty Polyamide & Precursors Market Challenge

Availability of substitutes may confine the market growth

Bio-polyamides have several substitutes such as bio-polybutylene terephthalate (PBT), bio-polyurethane, bio-polyester and others in the market. These substitutes have similar physical properties, performance and other similar factors which may restrict the growth of the market. Bio-polybutylene terephthalate (PBT) is widely used as a substitute for bio-polyamides in major end-users such as automotive, textile and more, owing to their range of benefits. Bio-polybutylene terephthalate offers excellent impact resistance, strength, insulation properties, stain resistance and high resistance to UV rays and environmental changes as compared to bio-polyamides. Thus, the availability of such alternatives with similar properties may limit the growth of the Bio-Polyamide, Specialty Polyamide & Precursors industry during the forecast period.

Bio-Polyamide, Specialty Polyamide & Precursors Industry Outlook

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Bio-Polyamide, Specialty Polyamide & Precursors Market. The top 10 companies in the Bio-Polyamide, Specialty Polyamide & Precursors Market are:

  1. Arkema
  2. Asahi Kasei Corporation
  3. BASF SE
  4. DOMO Group
  5. E. I. Dupont De Nemours & Company
  6. Evonik Industries AG
  7. Formosa Plastic Group
  8. Honeywell International Inc.
  9. Huntsman Corporation
  10. Invista S.A.R.L

Recent Developments

  • In January 2022, BASF announced its plan to build a new hexamethylene diamine (HMD) plant in France. HMD is a precursor that is primarily used in the production of high-quality polyamide 6.6. The new plant is scheduled to be operational in 2024.
  • In November 2021, Arkema announced its plan to launch a new bio-based polyamide 11 powder plant in China as a part of the company’s expansion plan in Asia. The plant is expected to become operational in the first quarter of 2023.
  • In January 2020, BASF acquired Solvay’s polyamide (PA 6.6) business. The main motive of the acquisition is to enhance the company’s access to growth markets in Asia and North & South America.

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1. Bio-Polyamide, Specialty Polyamide & Precursors Market - Market Overview
    1.1 Definitions and Scope
2. Bio-Polyamide, Specialty Polyamide & Precursors Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Precursor Type
    2.3 Key Trends by Application
    2.4 Key Trends by End-use Industry
    2.5 Key Trends by Geography
3. Bio-Polyamide, Specialty Polyamide & Precursors Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Bio-Polyamide, Specialty Polyamide & Precursors Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Bio-Polyamide, Specialty Polyamide & Precursors Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Bio-Polyamide, Specialty Polyamide & Precursors Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Bio-Polyamide, Specialty Polyamide & Precursors Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Bio-Polyamide, Specialty Polyamide & Precursors Market – by Type (Market Size - US$ Million/Billion)
    8.1 Aliphatic Polyamides
        8.1.1 PA 66
        8.1.2 PA 6
        8.1.3 PA 610
        8.1.4 PA 11
        8.1.5 PA 612
        8.1.6 PA 12
        8.1.7 PA 69
        8.1.8 PA 46
    8.2 Aromatic Polyamides
        8.2.1 Aramid
        8.2.2 Polyphthalamide
9. Bio-Polyamide, Specialty Polyamide & Precursors Market – by Precursor Type (Market Size - US$ Million/Billion)
    9.1 Adipic Acid (ADA)
    9.2 Caprolactam (CPL)
    9.3 Hexamethylenediamine (HMDA)
    9.4 Others
10. Bio-Polyamide, Specialty Polyamide & Precursors Market – by Application (Market Size - US$ Million/Billion)
    10.1 Fibers
    10.2 Knitted Garments
    10.3 Bearings
    10.4 Gears
    10.5 Conveyor Belts
    10.6 Sheet Gaskets
    10.7 Sealing Rings
    10.8 Protective Coverings
    10.9 Electronic Connectors
    10.10 Flat Panel Display
    10.11 Cable Guards
    10.12 Medical Implants
    10.13 Others
11. Bio-Polyamide, Specialty Polyamide & Precursors Market – by End-use Industry (Market Size - US$ Million/Billion)
    11.1 Automotive
        11.1.1 Passenger Car
        11.1.2 Light Commercial Vehicle
        11.1.3 Heavy Commercial Vehicles
    11.2 Electrical & Electronics
        11.2.1 Semiconductor
        11.2.2 Appliances
        11.2.3 Others
    11.3 Aerospace
        11.3.1 Commercial
        11.3.2 Military
        11.3.3 Others
    11.4 Packaging
    11.5 Medical
    11.6 Food & Beverage
    11.7 Textile
    11.8 Others
12. Bio-Polyamide, Specialty Polyamide & Precursors Market - by Geography (Market Size - US$ Million/Billion)
    12.1 North America
        12.1.1 The USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 The UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 The Netherlands
        12.2.6 Spain
        12.2.7 Denmark
        12.2.8 Belgium
        12.2.9 The Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 The Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 The Rest of South America
    12.5 The Rest of the World
        12.5.1 The Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 The UAE
            12.5.1.3 Israel
            12.5.1.4 The Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 The Rest of Africa
13. Bio-Polyamide, Specialty Polyamide & Precursors Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Bio-Polyamide, Specialty Polyamide & Precursors Market – Industry/Segment Competition Landscape Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Geography - Major companies
    14.4 Market Share at Country Level - Major companies
    14.5 Market Share by Key Type/Product category - Major companies
15. Bio-Polyamide, Specialty Polyamide & Precursors Market – Key Company List by Country Premium Premium
16. Bio-Polyamide, Specialty Polyamide & Precursors Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
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