Global Bio-Polyamide Market to Reach $310.2 Million by 2026

Strategic Insights -

Amidst the ongoing COVID-19 crisis, the global market for Bio-Polyamide is projected to witness significant growth, expanding from an estimated $154.3 million in 2020 to reach $310.2 million by 2026, at a compound annual growth rate (CAGR) of 12.2%. This upward trajectory is driven by the increasing demand for sustainable and biodegradable materials in various end-use industries, such as textiles, automotive, film & coating, and industrial applications.

Key Takeaways:

  • The global Bio-Polyamide market is estimated to reach $310.2 million by 2026, growing at a CAGR of 12.2% during the analysis period.
  • The PA-6 segment is projected to record a 12% CAGR and reach $168.6 million by the end of the analysis period.
  • The U.S. market is estimated at $52.1 million in 2021, while China is forecast to reach $54.7 million by 2026.
  • The Specialty Polyamides segment is expected to reach $26.2 million by 2026, driven by the 10.1% CAGR in the USA, Canada, Japan, China, and Europe.
  • The report identifies key players in the market, including Arkema Group, Asahi Kasei Corporation, BASF SE, DowDuPont, Inc., Evonik Industries AG, and others.
  • The market research company, Global Industry Analysts, Inc. (GIA), has published the report titled "Bio-Polyamide - Global Market Trajectory & Analytics" and is offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies.
  • The MarketGlass platform provides in-depth market research, competitor overview, domain expert profiles, and much more, giving clients complete insider access to the project data stacks.

Statistics:

  • Global Bio-Polyamide market size: $154.3 million (2020)
  • Projected market size by 2026: $310.2 million
  • CAGR (2020-2026): 12.2%
  • PA-6 segment CAGR (2020-2026): 12%
  • PA-6 segment market size by 2026: $168.6 million
  • U.S. market size in 2021: $52.1 million
  • Chinese market size by 2026: $54.7 million
  • Specialty Polyamides segment market size by 2026: $26.2 million
  • CAGR (2020-2026) in the USA, Canada, Japan, China, and Europe: 10.1%

Sources:

  • Global Industry Analysts, Inc. (GIA)
  • "Bio-Polyamide - Global Market Trajectory & Analytics" report
  • StrategyR.com (www.StrategyR.com)
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  • SOURCE: Global Industry Analysts, Inc.