Bio-Polyamide Market Demand Expected To Reach 50,465.3 tons By 2022: Grand View Research, Inc.

The global bio-polyamide market is expected to reach USD 220.6 million by 2022, according to a new study by Grand View Research, Inc. Growing demand for environmental friendly, sustainable products across various end-use industries such as automotive and consumer goods is expected to remain a key driving factor for global bio-polyamide market. In addition, positive outlook on Asian automotive industry is also expected to have a positive influence on the market growth. Favorable environmental regulations along with increasing focus on recyclable and green products particularly in the U.S. and Europe have also spurred demand growth. However, high cost of bio-polyamide compared to its synthetic counterpart is expected to remain a key challenge for market participants. 

PA-6 was the leading product segment and accounted for 47.4% of total market volume in 2014. Growing demand for PA-6 particularly in automotive industry is expected to remain a key driving factor for this segment. Global demand for specialty bio-polyamides is expected to exceed 5 kilo tons by 2022. 

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