Biomass Derived Polyamide Market Size (2023 – 2030)

The Global Biomass Derived Polyamide Market was valued at USD 314.87 million and is projected to reach a market size of USD 508.93 million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 7.1%.

Biobased polymers are environmentally friendly synthetic materials created from biomass feedstocks rather than industrial fossil fuels like oil and gas. In turn, this tendency limits the rise in atmospheric carbon dioxide concentration even after their combustion by fostering ecologically friendly chemical processing that is characterized by low carbon footprint emission to the planet. The issue of recycling polymer waste is also resolved by the synthetic production of polymeric compounds from biomass resources. This chapter provides a general overview of the history and significance of biomass polyamides, discusses various methods for creating these compounds from the biomass feedstocks that serve as their starting point, and provides a brief overview of the physical and chemical characteristics and uses of some popular aliphatic, semiautomatic, and fully aromatic polyamides.

Global Biomass Derived Polyamide Market Drivers:

Booming advantages of biobased fibers are driving the market of Biomass Derived Polyamide:

Major factors influencing the growth of the biomass polyamide market include the increased demand for PA due to environmental concerns and the rising adoption of bio-based fibers for high-performance applications in the automotive, marine, and electrical sectors. Chemical processing has benefited from the invention of biomass polymers, which are environmentally benign plastics generated from biomass feedstocks rather than industrial fossil fuels like petroleum and natural gas. Even when materials are burnt, these polymers' low carbon emissions prevent the atmospheric carbon dioxide concentration from rising. 'Green materials' are in high demand since they are more environmentally friendly. Biomass polymers are becoming more and more popular as potential replacements. For usage in a variety of sectors, new biomass polymers have been developed with substantial added value, improved properties, and functionalities.

Increasing demand in the automotive industry is fueling the Biomass Derived Polyamide Market:

Rising demand for bio-mass products Another element fueling the market's expansion is the use of polyamide in the automotive sector. Since its inception, the automotive industry has used plastics. Plastics are ideal for usage in the automotive industry due to their flexibility, lightweight, and several other characteristics that reduce overall vehicle weight and fuel consumption. Polyamide is becoming more and more important in the production of automotive components, both for internal combustion engine-powered cars and the recently emerging Electric Vehicle (EV) market. Changing the supply of plastics to raw materials sourced from sustainable sources is the obvious step towards sustainability. As a consequence, high-quality plastics, bio-based plastics, recycled plastics, and biodegradable plastics may be used in the design, making sustainability a crucial concept in the advancement of mobility and fueling the growth of the Bio-Polyamide market.

Global Biomass Derived Polyamide Market Challenges:

Cost Effect and Environmental Factors may hamper the market of Biomass Derived Polyamide:

One major aspect that can limit the growth of the biomass Polyamide (PA) market revenue is the environmental and financial considerations raised by the end-of-life processing options for biomass polymers. Although biomass plastics are, as their name implies, created from renewable biological components, there is no assurance that these materials will spontaneously decay. Another factor that can impede the growth of the market's revenue is the rising cost of novel polyamide in comparison to traditional polyamide derived from petrochemicals. Biomass polyamide is produced using renewable resources, which usually have higher production costs than traditional sources. Consequently, biomass polyamide is more expensive, which can deter certain companies from using it.

COVID-19 Impact on Global Biomass Derived Polyamide Market:

The COVID-19 epidemic has produced unheard-of economic upheavals throughout the world, hurting several industries, notably the plastics business. Due to lockdowns, travel restrictions, supply chain delays, and decreased consumer spending, the pandemic has decreased the market for bioplastics in various end-use sectors, including automotive, textile, consumer products, and electronics. Due to the decreased demand for crude oil and its derivatives, the pandemic has also cut the cost of traditional polymers made from fossil fuels. Due to the price difference between bioplastics and traditional plastics, the former is now less competitive and appealing for several applications. A few laws and investments meant to encourage the use of bioplastics and lessen the negative environmental effects of conventional plastics have also been delayed or slowed down as a result of the epidemic. The pandemic has also led to an increase in the production of plastic garbage, particularly from medical and PPE items including masks, gloves, gowns, and syringes. The majority of these products are composed of traditional plastics, which are neither recyclable nor biodegradable and pose a substantial danger to the environment and public health.

Global Biomass Derived Polyamide Market Recent developments:

In March 2022: Nymax BIO Formulations, a series of bio-based polyamide products that aid consumers in achieving their sustainability objectives, were revealed by Avient. Additionally, the unfavorable water absorption levels in commercially available bio-derived polyamide polymers are addressed by these novel materials, which solves a long-standing issue.

BIOMASS DERIVED POLYAMIDE MARKET REPORT COVERAGE:

Global Biomass Derived Polyamide Market Segmentation: By Material

• • Fiber

  • Plastics

The biomass polyamide market has been divided into fiber and plastics based on the kind of material. During the anticipated period, the plastics sector would have the quickest growth in the worldwide biomass PA market. This is a result of the growing demand for eco-friendly products. Biomass polyamide, which is created from renewable resources, is a sustainable substitute for conventional polyamide, which is created from non-renewable sources. As awareness of environmental issues grows, many businesses are making efforts to switch to more environmentally friendly goods. In technical and high-performance applications including automotive, industrial, electrical, and electronics, among others, plastics have a strong potential to replace traditional plastics.

 In terms of market share and revenue, the fiber category is the most powerful. This is because fiber has a wide range of end-use applications, including those in the textile, automotive, film and coating, and consumer products sectors. Due to the expanding population, urbanization, and disposable income in emerging countries like Asia-Pacific and South America, fiber is also in increased demand there.

Global Biomass Derived Polyamide Market Segmentation: By Type

• Polyamide 6

• Polyamide 6, 6

• Polyamide 10

• Polyamide 11

The biomass PA market has been divided into segments based on type: polyamide 6, polyamide 6, 6, polyamide 10, and polyamide 11. During the anticipated period, the polyamide 6 segment is anticipated to have the biggest revenue share in the worldwide biomass PA market. This is a result of an increase in PA6 demand in several technical thermoplastic applications. Dry conditions allow PA6 to exhibit great stiffness, strength, and outstanding heat and chemical resistance. Due to the design flexibility of PA6 and the critical necessity for its heat and chemical resistance, they are widely utilized to replace metal in automobile parts. PA6 is utilized in the automotive industry in radiator grilles, air intake manifolds, airbag containers, relay boxes, and engine covers, among other areas where it is exposed to abrasive chemicals and high temperatures.

In terms of CAGR, the polyamide 11 section is predicted to increase at a pace of 21%, making it the fastest-growing segment. This is due to the significant potential of polyamide 11 to replace traditional polymers in high-performance and specialized applications, such as medical devices, sports equipment, and automobile fuel lines. In comparison to other forms of polyamides, polyamide 11 has a greater bio-content and a lower environmental effect.

Global Biomass Derived Polyamide Market Segmentation: By End-use

• Textile

• Automotive

• Film and Coating

• Consumer Goods

• Industrial

• Electrical & Electronics

• Others

The biomass polyamide market has been broken down into many end-use categories, including textile, automotive, film and coating, consumer products, industrial, electrical & electronics, and others. Because the textile sector is becoming more sustainable, the textile segment is anticipated to see the quickest revenue growth in the worldwide biomass PA market during the projected period. Textiles must provide value to the whole consumer chain and be less detrimental to the environment from the point of origin to the end consumers.The automobile industry is the most powerful. This is because polyamide plastics and composites, which have a high potential to replace traditional plastics in engineering and high-performance applications like automotive interiors, engine compartments, fuel lines, cooling systems, oil and gas pipes, and electrical connectors, are primarily used in the automotive industry, which is also the largest consumer of them. In developed economies like North America and Europe, where environmental consciousness is growing and bio-based goods are being supported by the law, there is also a significant demand for automotive products.

Global Biomass Derived Polyamide Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

The biomass PA market in the world is anticipated to have the greatest revenue share throughout the projected period in the Asia Pacific region. Climate change, rising population and consumerism, and resource and energy security are all to blame for this. To meet this need, businesses are investing in environmentally friendly and biodegradable products and production methods. Over the course of the projection period, the North American market for biomass polyamide (PA) is anticipated to expand its revenue at the quickest rate. This is because there is an increase in the market for environmentally friendly materials, government programs to encourage sustainable products are expanding, and there are important players in this region. Additionally, the North American packaging and automotive industries employ biomass polyamides to provide lightweight, environmentally friendly solutions, which is anticipated to fuel market revenue development.

Key Players:

1. Arkema Group

2. Asahi Kasei Corporation

3. BASF SE

4. Koninklijke DSM N.V.

5. Evonik Industries AG

6. Domo Chemicals GmbH

7. Lanxess AG

8. Saudi Basic Industries Corporation (SABIC)

9. Solvay S.A.

10. Simona AG