Biopolyamides market is estimated to grow well in the coming years till 2025. Undecanoic acid and sebacic acid derived from castor oil are among the most dominant raw materials used in the production of bio based polyamide. Owing to the eco logical benefits, bio based polyamides are gaining acceptance and are anticipated to be the fastest growing product segment during the coming years.
Automotives is the largest application segment for polyamide and the trend is expected to continue in the near future. Demand for polyamide in packaging applications is expected to outdo other application segments in terms of growth rate during the coming years.