Press release
Bio-Sourced Nylon-Based Masks to Witness Huge Growth by 2031
Nylons are widely used polyamides that are produced in large amounts from petrochemical-derived monomers. The production process of fully bio-sourced nylon consists of diacids and diamines produced by fermentation. The synthesized bio-sourced nylon portrays excellent thermotolerance and water absorption, making it a perfect high-performance engineered resin used in the automotive market. Bio-sourced nylon is economical as well as eco-friendly that will revolutionize the textile and petrochemical industry.Click here to Get Synopsis of the Report https://www.factmr.com/report/5500/biosourced-nylon-market
The bio-sourced nylon market is expected to grow at a higher growth rate over the medium and long-term forecast period. Over the past half-decade, raising concerns over carbon emissions and global warming created a need for businesses to find ways to reduce their impact on the environment and these sustainable business practices are expected to reduce 85% of climate change emissions and which would ultimately boost the demand for bio-sourced nylon.
Factors that will drive the demand of this industry are the features like strength, aesthetics, heat resistance and lightweight offered by the products made from nylon. The advent of the 21st century marked the rising concern for the environment among the consumers, which acts as driving force for the manufacturers to produce products that reflect more sustainable values and lifestyles. This evolution was also observed during the introduction of fermented products like wine, bread, or even kombucha.
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Simple formation process used to manufacture food and beverages in the market could also be used to manufacture bundle of industrial and reusable consumer goods such as sleeping bags, seat belts in cars, rope, parachuting material, tubing hose, tarpaulin, dental floss etc. Some studies support the statement that bio-sourced nylon can provide extraordinary performances, including good process ability, good dye ability and intrinsic flame resistance properties.
Bio-Sourced Nylon Market: COVID-19 Impact Insights
COVID-19 Pandemic and the measure taken by the government to contain the virus affected operations of companies around the globe. The unexpected outbreak of COVID-19 hampered the growth of the market and is expected to regain its growth in a couple of years ahead. Supply chain disruption due to this pandemic had a huge impact on the demand for Nylon as electronic industries were not able to source raw material because governments around the globe classified textiles, apparels and electronic items under non-essential items.
During this pandemic, the market has witnessed a change in consumer behavior, people are demanding products that reflect their sustainable value and lifestyle. However, rising demand for biodegradable PPE kits and face masks led to the manufacturing of bio-sourced nylon-based masks. Many companies introduced nylon-6 with high coverage and low packing density of PAN nanofibers in their PPE kits. Bio-sourced nylon is an economic opportunity and the demand is set to resurrect by Q4 of FY2021.
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Segmentation Analysis of Bio-sourced nylon Market
The global Bio-sourced nylon market is bifurcated into four major segments: application, material, end-use, and region.
On the basis of Application, Bio-sourced nylon market has been segmented as follows:
• Sleeping bags
• Seat belts in cars
• Rope
• Parachuting material
• Tubing Hose
• Tarpaulin
• Dental floss
• Others
On the basis of material, Bio-sourced nylon market has been segmented as follows:
• Nylon 6
• Nylon510
• Nylon 1,6
• Nylon 66
On the basis of end-use, Bio-sourced nylon market has been segmented as follows:
• Automotive
• Aerospace
• Consumer Goods
• Health Care
• Textile Industry
• Others
On the basis of geographic regions, Bio-sourced nylon market is segmented as
• North America
• Europe
• Latin America
• East Asia
• South Asia and Oceania
• Middle East & Africa
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Bio-sourced nylon Market: Key Players
The global nylon market size was estimated at USD 28 billion in 2019, most the demand for nylon comes from the automobile industry as there are replacing metal components of the vehicles with plastic to make the vehicles lighter. There are only a few players in Bio-sourced nylon segments like Genomatica, Aquafil, Cathay Biotech and Radici, so the market seems to be consolidated.
Genomatica holds lions share in this market and they have partnered with Aquafil, one of the leading manufacturer of nylon in the world.
Genomatica is strategizing its production feasibility to make Bio-sourced nylon available by the H2 of 2021. Players in this market expect the automotive industry would contribute most to their revenue and the rest of the revenue is expected to be generated from the textile and electronic industry.
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