India bio-polyamide market size was valued at USD 18.37 million in FY2023, which is expected to reach USD 70.5 million in FY2031, with a CAGR of 18.3% for the forecast period between FY2024 and FY2031.
Home>Industry Reports>India Bio-polyamide Market Assessment, Opportunities and Forecast, FY2017-FY2031
India bio-polyamide market size was valued at USD 18.37 million in FY2023, which is expected to grow to USD 70.5 million in FY2031, with a CAGR of 18.3% during the forecast period between FY2024 and FY2031. Government support and regulatory initiatives are vital in increasing the bio-polyamide demand in India. India has introduced policies and incentives promoting using bio-based and sustainable materials in various industries, including plastics and polymers. Subsidies, tax incentives, and mandates to incorporate bio-based materials are pushing manufacturers and industries towards exploring bio-polyamides as a viable alternative to traditional petroleum-based polymers.
Furthermore, India's automotive and textile industries are witnessing substantial growth and are increasingly seeking sustainable materials to meet regulatory standards and consumer demands for eco-friendly products. Bio-polyamides have versatile applications in these sectors, contributing to expanding the market segment. Additionally, the availability of feedstocks, such as castor oil, within India is another significant driver. India is a leading producer of castor oil, which serves as a valuable raw material for bio-polyamide production. The local abundance of feedstock reduces dependency on imported resources, making bio-polyamide manufacturing more economically feasible and sustainable.
The abundant availability of castor oil in India serves as a crucial driver for the bio-polyamide industry in the country. India ranks among the world's largest producers of castor oil and the ample supply offers several advantages as it provides a reliable and sustainable source of raw material for bio-polyamide production, reducing the industry's dependence on imported feedstocks and minimizing the vulnerability to international market fluctuations. Additionally, castor oil's cost-effectiveness as a feedstock lowers production costs, making bio-polyamide manufacturing economically viable.
For instance, India, the world's largest producer and exporter of castor oil, accounts for a substantial 83.65% of the total global exports in this category. The local supply chain simplifies logistics and distribution, which contributes to the efficiency of bio-polyamide production and drives its demand in the country.
The booming Indian automotive industry, driven by growing consumer demand and expanding infrastructure, increasingly prioritizes sustainability to meet stringent regulatory standards and reduce environmental impact. In response, automakers are turning to bio-polyamides as they offer a sustainable alternative, aiding in weight reduction, fuel efficiency, and emissions reduction.
For instance, Maruti Suzuki aims to boost its automotive production capacity to one million units by constructing a new manufacturing facility in Haryana by 2025. Likewise, several other automotive manufacturers are planning capacity expansions, driven by the growing Indian market and its emerging role as a key African export hub. The rising capacity in the Indian automotive sector is expected to bolster the demand for bio-polyamide in the country.
Bio-polyamide offers significant advantages for sustainable packaging, including biodegradability, which ensures that packaging materials break down more rapidly in the environment than traditional plastics. Moreover, bio-polyamides are derived from renewable sources, reducing their carbon footprint, and contributing to lower greenhouse gas emissions in the packaging industry. Their versatility in terms of mechanical properties allows manufacturers to create customized, high-performance packaging materials that align with the growing trend towards environmentally responsible and eco-friendly packaging solutions, meeting the demands of both consumers and regulatory initiatives.
For instance, in August, the Union Ministry of Environment, Forest, and Climate Change (MoEFCC) unveiled the Plastic Waste Management Amendment Rules, 2021. These rules outlined the discontinuation of 20 specific Single Use Plastic Products (SUPs) by 2023. Such regulations and strong demand for packaging is likely to drive the demand for bio-polyamide in India.
Impact of COVID-19
The bio-polyamide market in India felt the repercussions of the global supply chain disruptions triggered by the COVID-19 pandemic. These disruptions had adverse effects, including shortages of critical raw materials and logistical complexities that hampered the production and distribution of bio-polyamide. Moreover, lockdowns and movement restrictions imposed in various parts of the country resulted in a labor shortage in downstream sectors like automotive and textiles, thereby hindering the application and adoption of bio-polyamides in multiple Indian regions. The economic instability and financial constraints in the pandemic influenced consumer purchasing decisions, contributing to a weakening of the bio-polyamide market in India.
Impact of Russia-Ukraine War
In the context of the Indian bio-polyamide market, the impact of the Russia-Ukraine conflict has been relatively low. The geopolitical instability stemming from market uncertainties has influenced investment decisions in India's textile and transportation industries, impacting the bio-polyamide adoption rate. Furthermore, trade disruptions connected to the conflict have ripple effects on India's automotive and textile sectors, weakening the demand for bio-polyamide in the Indian market. Lastly, the fluctuations in petrochemical prices influenced the cost competitiveness of the alternative bio-polyamides.
Report Scope
“India Bio-polyamide Market Assessment, Opportunities and Forecast, FY2017-FY2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of India bio-polyamide market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecast between FY2024 and FY2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
Report Attribute |
Details |
Base Year of the Analysis |
FY2023 |
Historical Period |
FY2017-FY2022 |
Forecast Period |
FY2024-FY2031 |
Projected Growth Rate |
CAGR of 18.3% between FY2024 and FY2031 |
Revenue Forecast in FY2031 |
USD 70.5 million |
Units |
Revenue in USD million |
Segments Covered |
Type, Product type, End-user |
Regions Covered |
North, East, West, Central, South |
Key Companies Profiled |
BASF India Ltd, E.I. du Pont India Private Limited, DSM India Private Limited, Arkema Chemicals India Private Limited, Evonik India Private Limited, Asahi Kasei India Private Limited, Domo Engineering plastics India Private Limited, Solvay Specialities India Private Limited, Radici Plastics India Private Limited, Cargill India Pvt. Ltd. |
Customization Scope |
15% free report customization with purchase |
Pricing and Purchase Options |
Avail the customized purchase options to fulfil your precise research needs |
Delivery Format |
PDF and Excel through email (subject to the license purchased) |
In this report, India bio-polyamide market has been segmented into the following categories:
1. By Type
1.1. PA6
1.2. PA6,6
1.3. PA10
1.4. PA11
1.5. PA12
1.6. Others
2. By Product type
2.1. Fiber
2.1.1.Synthetic
2.1.2.Staple
2.2. Plastic
3. By End-user
3.1. Automotive
3.2. Electrical & Electronics
3.3. Textile
3.4. Paints & coatings
3.5. Packaging Films
3.6. Wires & cables
3.7. Construction
3.8. Consumer goods
3.9. Others
4. By Region
4.1. North
4.2. East
4.3. West
4.4. Central
4.5. South
Key Players Landscape and Outlook
In response to evolving consumer preferences favoring biodegradable components, prominent bio-polyamide manufacturers in India are strategically setting up new manufacturing facilities and expanding infrastructure to cater to this demand. For instance, in April 2023, Domo Engineering Plastics India Private Limited marked the opening a new compounding line at its facility in Mahape, Navi Mumbai, India.
The outlook for the bio-polyamide market is positive, with the sustained growth anticipated in the forecast years. The change is driven by increasing environmental awareness, stringent regulatory requirements favoring sustainable materials, and a rising demand for eco-friendly products across diverse industries. The development of innovative bio-polyamide variants, coupled with expanding production capacities and recycling initiatives, is set to position bio-polyamides as a crucial component of the global shift towards sustainability in the polymer industry.
Key Players Operating in India Bio-polyamide Market are:
· BASF India Ltd
· E.I. du Pont India Private Limited
· DSM India Private Limited
· Arkema Chemicals India Private Limited
· Evonik India Private Limited
· Asahi Kasei India Private Limited
· Domo Engineering plastics India Private Limited
· Solvay Specialities India Private Limited
· Radici Plastics India Private Limited
· Cargill India Pvt. Ltd.
Markets and Data’s reports answer the following questions:
· What is the current and future market size of the product/service in question globally or specific to different countries?
· How are the markets divided into different product/service segments and each segment's market size and growth?
· What is the market potential of different product segments and their investment case?
· How are the markets predicted to develop in the future and what factors will drive or inhibit growth?
· What is the business environment and regulatory landscape specific to the product/service?
If you can't find what you're searching for or have any custom requirements for India bio-polyamide market, you may approach our team at info@marketsandata.com
1. Research Methodology
2. Project Scope & Definitions
3. Impact of COVID-19 on India Bio-polyamide Market
4. Impact of Russia-Ukraine War
5. Executive Summary
6. Voice of Customer
6.1. Market Awareness and Product Information
6.2. Brand Awareness and Loyalty
6.3. Factors Considered in Purchase Decision
6.3.1.Brand Name
6.3.2.Quality
6.3.3.Quantity
6.3.4.Price
6.3.5.Product Specification
6.3.6.Application Specification
6.3.7.Shelf-Life
6.3.8.Availability of Product
6.4. Frequency of Purchase
6.5. Medium of Purchase
7. India Bio-polyamide Market Outlook, FY2017-FY2031
7.1. Market Size & Forecast
7.1.1.By Value
7.1.2.By Volume
7.2.1.PA6
7.2.2.PA6,6
7.2.3.PA10
7.2.4.PA11
7.2.5.PA12
7.2.6.Others
7.3. By Product type
7.3.1.Fiber
7.3.1.1. Synthetic
7.3.1.2. Staple
7.3.2.Plastic
7.4. By End-user
7.4.1.Automotive
7.4.2.Electrical & Electronics
7.4.3.Textile
7.4.4.Paints & coatings
7.4.5.Packaging Films
7.4.6.Wires & cables
7.4.7.Construction
7.4.8.Consumer goods
7.4.9.Others
7.5. By Region
7.5.1.North
7.5.2.East
7.5.3.West
7.5.4.Central
7.5.5.South
7.6. By Company Market Share (%), FY2023
8. Supply Side Analysis
8.1. Capacity, By Company
8.2. Production, By Company
8.3. Operating Efficiency, By Company
8.4. Key Plant Locations (Up to 25)
9. Market Mapping, FY2023
9.1. By Type
9.2. By Product type
9.3. By End-user
9.4. By Region
10. Macro Environment and Industry Structure
10.1. Supply Demand Analysis
10.2. Import Export Analysis – Volume and Value
10.3. Supply/Value Chain Analysis
10.4. PESTEL Analysis
10.4.1. Political Factors
10.4.2. Economic System
10.4.3. Social Implications
10.4.4. Technological Advancements
10.4.5. Environmental Impacts
10.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
10.5. Porter’s Five Forces Analysis
10.5.1. Supplier Power
10.5.2. Buyer Power
10.5.3. Substitution Threat
10.5.4. Threat from New Entrant
10.5.5. Competitive Rivalry
11. Market Dynamics
11.1. Growth Drivers
11.2. Growth Inhibitors (Challenges, Restraints)
12. Key Players Landscape
12.1. Competition Matrix of Top Five Market Leaders
12.2. Market Revenue Analysis of Top Five Market Leaders (in %, FY2023)
12.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
12.4. SWOT Analysis (For Five Market Players)
12.5. Patent Analysis (If Applicable)
13. Pricing Analysis
14. Case Studies
15. Key Players Outlook
15.1.1. Company Details
15.1.2. Key Management Personnel
15.1.3. Products & Services
15.1.4. Financials (As reported)
15.1.5. Key Market Focus & Geographical Presence
15.1.6. Recent Developments
15.2. E.I. du Pont India Private Limited
15.3. DSM India Private Limited
15.4. Arkema Chemicals India Private Limited
15.5. Evonik India Private Limited
15.6. Asahi Kasei India Private Limited
15.7. Domo Engineering plastics India Private Limited
15.8. Solvay Specialities India Private Limited
15.9. Radici Plastics India Private Limited
15.10. Cargill India Pvt. Ltd.
*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
16. Strategic Recommendations
17. About Us & Disclaimer
List of Figures: India Bio-polyamide Market
Figure 1. India Bio-polyamide Market, By Value, In USD Million, FY2017-FY2031F
Figure 2. India Offline Retail Market, By Volume, in Kilotons, FY2017-FY2031F
Figure 3. India Bio-polyamide Market Share, By Type, In USD Million, FY2017-FY2031F
Figure 4. India Bio-polyamide Market Share, By Product Type, In USD Million, FY2017-FY2031F
Figure 5. India Bio-polyamide Market Share, By End-user, In USD Million, FY2017-FY2031F
Figure 6. India Bio-polyamide Market Share, By Region, In USD Million, FY2017-FY2031F
Figure 7. By Type Map-Market Size (USD Million) & Growth Rate (%), FY2023
Figure 8. By Product Type Map-Market Size (USD Million) & Growth Rate (%), FY2023
Figure 9. By End-user Map-Market Size (USD Million) & Growth Rate (%), FY2023
Figure 10. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2023
List of Tables: India Bio-polyamide Market
Table 1. Pricing Analysis of Products from Key Players
Table 2. Competition Matrix of Top 5 Market Leaders
Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
Table 4. About Us - Region and Countries Where We Have Executed Client Projects
Global coffee market is expected to experience growth due to consumers’ increasing preference for organic and premium coffee that offers freshness, superior quality of beans and roasts, and unique flavor profile. Additionally, the product innovation,....Read More
Published on
July 2024
4,500
Global home theater system market is expected to experience growth due to technological advancements, increasing disposable incomes, rising demand for high-definition content, integration with smart home systems, and the surge in streaming services p....Read More
Published on
July 2024
4,500
Global baby food market is expected to experience growth due to factors such as consumers’ increasing awareness of the nutrients which are essential for babies development and introduction of wide variety of baby foods in the market from milk powders....Read More
Published on
July 2024
4,500
Global isoflavones market is expected to experience growth due to increasing consumer health awareness, rising demand for functional foods and nutraceuticals, advancements in extraction technologies, and expanding applications in cosmetics, pharmaceu....Read More
Published on
July 2024
4,500
Purchase Options
USD ($)
i
2,000
i
3,300
i
4,500
i
7,000
Tired of Searching?
Looking for Customization?
Some other doubt?
Need insights from a cohort?
REACH US