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Research analysis on the global bio-polyamide (BIO-PA) market identifies that the superior properties and versatile nature of bio-PA will be the major factors that will have a positive impact on the market’s growth. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 12% by 2021. Bio-PA is a flexible material that can be combined with various materials and its low-friction property is beneficial for many products such as gears, bushings, and plastic bearings. It is also increasingly used in applications that have high wear and tear capabilities. The usage of bio-PA proves to be beneficial than engineering plastics and commodity plastics and is widely used in consumer products such as toys, furniture points of impact, and applications involving high temperatures.
In terms of geographic regions, Europe will be the major revenue contributor of the bio-PA market throughout the forecast period. Central and Eastern Europe are likely to witness significant growth of the automotive, consumer goods, and electrical and electronics sectors. The emergence of new production facilities and the increasing demand from the automotive sector, is fueling the demand for bio-PA in Europe.
The vendors in the bio-PA market compete based on factors such as price, quality, performance, innovation, and customer-centrism. These vendors are also highly competitive when it comes to providing alternate products based on new processes and technologies. Performance and pricing are the major factors that play a significant role in the growth of the bio-polyamide manufacturers.
The leading vendors in the market are –
The other prominent vendors in the market are Domo Chemicals, LANXESS, SABIC, Solvay, and Simona.
During 2016, the industrial plastics segment accounted for the major shares of the bio-PA market. Factors such as the increasing environmental regulations and the rising usage of bio-PA due to its properties including low moisture absorption, excellent chemical resistance, and high melting point, will contribute to the growth of this industry segment in the coming years.
According to this market research report, the PA6 segment will account for the maximum shares of the bio-PA market until 2021. High strength, lesser weight, and increased machineability are some of the advantages that will drive the demand for PA6 in the coming years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Introduction
PART 04: Market landscape
PART 05: Market segmentation by application
PART 06: Market segmentation by type
PART 07: Market segmentation by end-use
PART 08: Market segmentation by geography
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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