Bio-polyamide is an amide polymer synthesized using renewable or bio-based raw materials. Bio-polyamides can be segmented based on their chemical structure into: aliphatic polyamides, aramides (aromatic polyamides), and polypthalamides. Based on the molecular weight of polyamides, the market can be segmented into: polyamide 6, polyamide 66, and bio-based & specialty polyamides. Bio-based & specialty polyamides includes polyamides with a range of molecular weights such as PA 10, PA, 11, PA 12, PA 46, PA6/12, PA 6/10. Bio-polyamide 6 is expected to be the largest product segment in the global market due to its high performance to cost ratio. However, PA 66 is expected to be the fastest growing product segment in the near future on account of its superior properties as compared to the other product segments. Based on application, the bio-polyamide market can be bifurcated into: fiber and engineering plastics. Engineering product segment was the largest application segment in the global bio-polyamide market and it is expected to remain so during the forecast period. Fiber application segment can be sub-segmented into: textile filament, industrial filament, staple filament, and carpet filament. Engineering plastics can be sub-segmented into: automotive, industrial/ machinery, electrical & electronics, wire & cable, consumer goods, films & coatings, and others. Currently, automotive accounted for the largest share and is expected to remain the same in the near future. 

The burgeoning automotive industry is expected to boost the bio-polyamide market. The use of bio-polyamides in the automotive construction contributes to fuel savings and reduction in carbon emissions. Fuel savings can be higher than 50% when bio-polyamide structures are used in the manufacturing process. The Asia Pacific region is driving the global automotive industry due to changing lifestyle and rising disposable income. Furthermore, environmental-related regulations across developed regions are expected to drive the market for bio-polyamides. For instance, the corporate average fuel economy (CAFE) standards in the U.S. and European Union’s CO2 limits would put intense pressure on the automobile manufacturers to reduce the weight of the vehicle in order to reduce emissions. The expected CO2 limit in 2020 is pegged at 95g CO2/ km as compared to 130g CO2/ km in 2013. Furthermore, the growth of electrical & electronics industry across the globe is one of the major driving factors of the global bio-polyamide market.

However, factors such as availability of raw materials and their price volatility are expected to hamper growth of the bio-polyamide market. Castor oil is the major raw material used in the production of bio-polyamides. Sebacic acid and undecenoic acid are the primary components of castor oil used in the production of bio-polyamides. Increasing research & development activities are expected to expand the application area of bio-polyamides, which are likely to become an important opportunity during the next few years.

Asia Pacific dominated the bio-polyamide market in terms of consumption. The region is a manufacturing hub for all end-user industries such as automotive, electrical & electronics, textiles, and others. Rising demand for bio-polyamides from these industries due to their environmental-friendly nature is expected to drive the market in the region. Asia Pacific was followed by North America and Europe in terms of demand. North America and Europe are expected to grow at a significant growth rate due to stringent environmental regulations regarding the reduction of carbon emissions. 

The global bio-polyamide market is consolidated with key players operating across the value chain. Major players are investing significantly in research & development activities to improve their manufacturing process and develop new products in order to widen the application and end-use area of bio-polyamides. The key players operating in the plasterboard market include Huntsman Corporation, Honeywell International Inc., Lanxess AG, Li Peng Enterprise Company Limited, Radici Group, Quadrant Engineering Plastics Products Inc., Evonik Industries AG, BASF SE, E. I. Dupont De Nemours & Company, Asahi Kasei Corporation, DOMO Group, Arkema, and SK Group.  

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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