Biobased & Synthetic Polyamides Market will surge at 5% CAGR Growth up to 2025
Date: 2018-12-12   Author: Rahul Varpe  Category: #news

Biobased & Synthetic Polyamides Market will surge at 5% CAGR Growth up to 2025

A new business intelligence report released by Global Market Insights, Inc. with title “Biobased & Synthetic Polyamides Market Research Report” that targets and provides comprehensive market analysis with future prospects to 2024. The analysts of the study have garnered extensive research methodologies and data sources (i.e Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends.

Strong demand for 3D printing from various end-user industries including: transportation, healthcare and consumer products industries will propel global biobased & synthetic polyamides market size by 2025. The product will hold a substantial potential in a range of 3D printing applications in healthcare segment, such as: orthopedic devices, MRI machines casings, prosthetic body parts, etc., thus driving the overall demand for polyamides. 

Sample copy of this report @ https://www.gminsights.com/request-sample/detail/2939

The most common applications of biobased & synthetic polyamides market have been: fuel lines, corrugated tubes, hydraulic hoses, transmission oil cooler hoses, coolant & degassing pipes, pneumatic tubes, clutch tubes, servo brakes, filaments, gas transportation, sensors connectors & solenoids, sporting goods, hand held devices, industrial tubes and other hydraulic applications. Polyamide is an ideal solution for vehicle weight reduction. They have been replacing metal parts in automotive with the ease of mass production and molding. These trends depict strong growth aspects for the biobased & synthetic polyamide industry by 2025.

Global manufacturing sector has been marked with an overall change in consumer preferences, with rising awareness regarding the impacts of the consumption of non-renewable energy sources on the environment. Demand for renewable source based high-performance materials has been expanding substantially across the globe which is projected to result in an increased consumption of biobased polyamides such as PA 11, PA 10, etc. during the forecast span. Higher production costs of polyamides might have a negative impact on the overall market growth.

In 2017, PA 6 and PA 66 together held massive market share surpassing 80% in global biobased & synthetic polyamides market. Biobased Polyamide 11 is expected to witness a faster growth in the next seven years. The robust growth traits of global bioplastics industry present a brighter outlook for the overall biobased polyamides segment during the forecast span.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/biobased-and-synthetic-polyamides-market

Textiles was a significant end-user segment in global biobased & synthetic polyamides market in 2017. The segment will rise with a CAGR above 4.5% by 2025. Aramids will have strong growth aspects in this area, for their use in military and occupational protective apparels. Stringent guidelines by the U.S. OSHA regarding the occupational safety is likely to boost the protective clothing consumption by 2025, which shall have a positive influence on the overall market size during the forecast span.

Asia Pacific led biobased & synthetic polyamides market in 2017 and contributed a market share exceeding 40%. The massive share was attributed to the vast growth indicated especially by the regional construction and automotive industries. According to a report by the UN, the number of cities with 500,000 inhabitants or more is projected to grow by about 30% in Asia by 2030. 

The rising urbanization and the population feeding requirements in geographies including: India, Taiwan, South Korea and others will lead to significant escalations in the regional industries: construction, healthcare, energy, automotive, food, etc. These traits will have a remarkable potential for biobased & synthetic polyamides market in various applications such as: 3D printing, packaging, industrial coatings, engineering plastics, chemical processing, optical fibers, etc.

Make an inquiry for purchasing this report @  https://www.gminsights.com/inquiry-before-buying/2939

Major manufacturers have been: Arkema, BASF SE, DSM, UBE INDUSTRIES, Evonik, DowDuPont Inc., EMS-CHEMIE HOLDING AG, Asahi Kasei Corp., Lanxess, Grupa Azoty, RTP Company and others. Companies have been engaged in strategic mergers & acquisitions for strengthening their geographical footprint in order to serve the growing demand for polyamides. BASF’s acquisition of Solvay polyamide business in September 2017 was a notable move in the global polyamide industry.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email:[email protected] 
Web: https://www.gminsights.com 



About Author


Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. 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. ...

Read More

More from Rahul


Post Recommendents

Panasonic stops some component shipments to Huawei amid US ban
Author: Paroma Bhattacharya

The U.S. has recently lessened the restrictions on Huawei temporarily to reduce disruption for customers.

Japan-based Panasonic Corporation has reportedly announ...


Food/Pharmaceutical Peony Market Size - Industry Analysis, Share, Growth, Trends, and Forecast 2019-2025
Author: Partha Ray

MarketStudyReport.com presents the Food/Pharmaceutical Peony Market report that provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with est...


Oilfield Service Market Size, Development, Key Opportunity, Application and Forecast to 2025
Author: Partha Ray

This report on Oilfield Service market Added by Market Study Report, LLC, covers valuable insights based on market valuation, market size, revenue forecast, SWOT Analysis and regional outlook of this industry. The research also presents a precise ...