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Biobased & synthetic polyamides market to be characterized by product innovation trends, global industry to exceed USD 42 billion by 2025

Author : Rahul Varpe | Published Date : 2019-03-25 

The robust proliferation of 3D printing technology across almost every sector, has ushered the global biobased and synthetic polyamides market into an era defined by pathbreaking technological trends. Polyamides, with their flexible, durable, and strong material characteristics have been one of the most reliable raw materials for the industrial applications of 3D printing. Given the tremendous demand for the material, several prominent players operating in the overall biobased and synthetic polyamides market have been going the whole hog to bring forth economical, versatile, efficient, and energy saving materials.

The growing consumer awareness and interest in bio-based plastics has brought a tremendous surge in the biobased polyamides demand in the recent years. In fact, an increasing number of participants, especially in the industrial space including automotive & transportation, medical devices, construction, and consumer electronics, have been substituting the conventional fossil fuel based material with bio-based alternatives offering hands on sustainable & biodegradable trends. Derived from castor oil derivatives, reports claim the polyamide 10 and polyamide 11 to have been the most significant biobased variants forecast to register a 10% CAGR over 2018-2025.

Report Metric                                 Details
Market Size available for years    2018-2025.
Base year considered                   2017
Forecast period                             2019–2025
Forecast Value                             42 Bn (USD).
Segments covered                       Product, Product and Region.
Geographies covered                   Asia Pacific, North America, Europe, The Middle East, Africa, and South America.
Companies covered                     DowDuPont Inc., EMS-CHEMIE HOLDING AG, Asahi Kasei Corp., Lanxess

To access a sample copy or view the biobased and synthetic polyamides market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/2939

The increasing customer interest in bio-based plastics has further led the industry players to develop several grades of polyamide from biodegradable feedstocks. The companies operating in this business sphere have been long investing into R&D and product innovation activities to come up with reliable products that could strengthen their stance in the global biobased & synthetic polyamides industry. Enumerated below are some of the prominent examples, where the world leading giants are seen tapping biobased polyamides.

BASF, the German chemical giant in 2007 introduced a castor-oil based polyamide, Ultramid Balance, comprising over 60% sebacic acid and offering better perforce than its synthetic counterparts.

DuPont is also among the leading industry players that introduced its Zytel long-chain polyamides PA10 and PA610 in 2007. Both the products are based on sebacic acid, where PA610 has over 60% renewable content and PA10 has 100%.

Renowned biobased & synthetic polyamides industry major Evonik Industries introduced bio-based VESTAMID® Terra DS – a polyamide 1010 which is obtained completely from the monomers of castor oil. This is expected to used extensively as special cables in the automotive industry – where the bio-based product trend has already hit several manufactures.

As the industry participants are vigorously focusing on developing engineering bio-polymers from castor-oil, the green chemicals trend is certain to carve lucrative growth for the overall biobased & synthetic polyamides market in the ensuing years. Castor-oil, for the record, is obtained from the bean of the castor plant – which is neither used for food nor in animal feed – as a result of which it doesn’t compete with global food crops. This has further propelled the demand for manufacturing bio-based polyamines.

Further gaining precedence over the traditionally derived polyamides from crude oil, it would be wrong to say that biobased PA has indeed traversed a remarkable growth graph in the recent years, in turn driving the global biobased & synthetic polyamides industry share. The exponential growth is apparently vivid from a report compiled by Global Market Insights, Inc., that claims the overall biobased & synthetic polyamides market valuation to hit USD 42 billion by the end of the year 2025
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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