Sellbyville, DE -- (SBWIRE) -- 11/13/2018 -- According to a new research report by Global Market Insights, Inc. Biobased & Synthetic Polyamides Market Size will surpass USD 42 billion by 2025.

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.

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The most common applications of biobased & synthetic polyamides 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.

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.

The robust proliferation of 3D printing technology across almost every sector, has ushered the global biobased and synthetic polyamides market into an era defined by pathbreaking technological trends. Polyamides, with their flexible, durable, and strong material characteristics have been one of the most reliable raw materials for the industrial applications of 3D printing. Given the tremendous demand for the material, several prominent players operating in the overall biobased and synthetic polyamides market have been going the whole hog to bring forth economical, versatile, efficient, and energy saving materials.

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The increasing customer interest in bio-based plastics has further led the industry players to develop several grades of polyamide from biodegradable feedstocks. The companies operating in this business sphere have been long investing into R&D and product innovation activities to come up with reliable products that could strengthen their stance in the global biobased & synthetic polyamides industry. Enumerated below are some of the prominent examples, where the world leading giants are seen tapping biobased polyamides.

BASF, the German chemical giant in 2007 introduced a castor-oil based polyamide, Ultramid Balance, comprising over 60% sebacic acid and offering better perforce than its synthetic counterparts.

DuPont is also among the leading industry players that introduced its Zytel long-chain polyamides PA10 and PA610 in 2007. Both the products are based on sebacic acid, where PA610 has over 60% renewable content and PA10 has 100%.

Renowned biobased & synthetic polyamides industry major Evonik Industries introduced bio-based VESTAMID® Terra DS – a polyamide 1010 which is obtained completely from the monomers of castor oil. This is expected to used extensively as special cables in the automotive industry – where the bio-based product trend has already hit several manufactures.

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.

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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.