Market Synopsis:
Bio-Polyamides are biodegradable amides polymer synthesized using renewable raw materials. These are majorly produced using castor oil as a raw material. Bio-Polyamides are inexpensive and commercially referred as nylon (bio-based), which exhibit versatile properties such as recyclability, renewability, light weight, and non-abrasiveness. These Superior properties made them popular for several applications in various end use industries including automotive, textile, electronics & electrical, consumer goods, industrial, and others.
As per the MRFR analysis, the Global Bio-Polyamides Market has been experiencing progressive growth over the past few years. Consumer shifting their preference towards bio based products along with augmented research and development activities is the major trend of this market. Burgeoning automotive industry, growing adoption of Bio-Polyamides in the major end use industries and versatile nature & superior properties associated with Bio Polyamides drive the growth of this market. Additionally, stringent regulations set by the government on the excess consumption of synthetic polyamides add fuels to the market growth. However, price fluctuations in the raw material has been consistently challenging market growth over the past few years. The Global Bio-Polyamides Market is expected to provide ample opportunities on the basis of increasing research and development activities to widen bio-polyamides application areas. Moreover, growing consumer goods segment is anticipated to uncover the growth prospects over the review period. The Global Bio-Polyamides Market was valued at USD 171.01 million in 2016 and is projected to reach USD 216.22 million by 2023 growing at CAGR of 3.51% over the review period of 2017-2023.

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Top Global Players:
Some of the key players operating in the Global Bio-Polyamides Market are, BASF SE, Arkema Group, Evonik Industries, DowDuPont Inc., EMS-GRIVORY, Solvay S.A., Royal DSM NV, Domo Chemicals, Radici Group, and Toray Industries Inc.

Market Categorization:
The Bio-Polyamides Market is fragmented on the basis of type, application, end use, and region. On the basis of type, the market is classified into PA 6, PA 6, 6, and specialty polyamides. On the basis of application, the market is divided into detergent engineering plastic and fiber. The engineering plastic segment is emerged as the leader by accounting for 58.25% and it is expected to grow at a CAGR of 3.48% during the review period. On the basis of end use, the market is segmented into automotive, textile, electrical & electronics, consumer goods, industrial, films & coatings, and others. On the basis of region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis:
The Global Bio Polyamides Market is spanned across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
In 2016, Asia Pacific region dominated the global market and is expected to grow at CAGR of 3.70% during forecast period. The region accounted for an overall 44% of the global market share driven by large contribution of booming automotive industry. Asia Pacific witnessed a greater demand for automotive products in major economies such as China, Japan, India, and South Korea. Furthermore, China was the major revenue generating country in this region and had generated overall revenue of USD 32.36 million as of 2016 by registering aggressive CAGR of 3.80%.
North America and Europe regions emerged as the highly competitive regions to each other and occupied equivalent market across the globe. North America generated slightly higher revenue than Europe, however, Europe region is growing relatively faster than North America. The U.S. is one of the lucrative market, which has surged the demand for Bio-Polyamides in North America by registering the second largest automotive production after China. Apart from this, favorable government policies and technological advancements in the automotive, electrical & electronics, and textile industries fueling the market growth. European government regulations and stringent emission norms such as Euro 6 along with green initiatives have propelled the regional growth.
The Middle East & Africa is still a smaller market in terms of growth and has registered overall revenue of USD 7.87 million at a CAGR of 3.51 million as of 2016.

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