Polyamides are polymers that can be used to structurally and characteristically replace metal, wood, glass, or ceramic in various applications. Polyamide has unique thermal, mechanical, electrical, and acoustic properties, which makes it a versatile product. It is a high-performance material that is available at a competitive price. Bio-based polyamide is in high demand as it is made from renewable and bio-based feedstock.
The burgeoning automotive industry is expected to boost the bio-polyamide market. The use of bio-polyamides in the automotive construction contributes to fuel savings and reduction in carbon emissions. Fuel savings can be higher than 50% when bio-polyamide structures are used in the manufacturing process. The Asia Pacific region is driving the global automotive industry due to changing lifestyle and rising disposable income.
Furthermore, environmental-related regulations across developed regions are expected to drive the market for bio-polyamides. For instance, the corporate average fuel economy (CAFE) standards in the U.S. and European Union’s CO2 limits would put intense pressure on the automobile manufacturers to reduce the weight of the vehicle in order to reduce emissions. The expected CO2 limit in 2020 is pegged at 95g CO2/ km as compared to 130g CO2/ km in 2013.
Furthermore, the growth of electrical & electronics industry across the globe is one of the major driving factors of the global bio-polyamide market. However, factors such as availability of raw materials and their price volatility are expected to hamper growth of the bio-polyamide market. Bio-polyamide is developed from monomers extracted from castor oil. India is the largest producer of castor seeds and accounts for over 80% of the global production, followed by China and Brazil. The surge in consumption of organic and natural products is expected to create lucrative growth opportunities for the global castor oil and derivative market in the next few years.
Access Report Details at: https://www.themarketreports.com/report/global-bio-polyamide-market-research-report
The global Bio-Polyamide market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Bio-Polyamide volume and value at global level, regional level and company level. From a global perspective, this report represents overall Bio-Polyamide market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Bio-Polyamide Market report are Arkema, BASF, DOMO Investment Group, DuPont, Evonik Industries and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
Purchase this Premium Report at: https://www.themarketreports.com/report/buy-now/1412696
Table of Content
1 Bio-Polyamide Market Overview
2 Global Bio-Polyamide Market Competition by Manufacturers
3 Global Bio-Polyamide Production Market Share by Regions
4 Global Bio-Polyamide Consumption by Regions
5 Global Bio-Polyamide Production, Revenue, Price Trend by Type
6 Global Bio-Polyamide Market Analysis by Applications
7 Company Profiles and Key Figures in Bio-Polyamide Business
8 Bio-Polyamide Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Bio-Polyamide Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source