London, 25 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global bio-polyamide market 2015-2019, which is expected to grow at a CAGR of 12.01% during 2014-2019.
“There has been an increase in the consumption of bio-polyamides in recent years, owing to the significant growth of the automotive, textiles, and industrial goods industries in India and China,” says Faisal Ghaus, Vice President of Technavio.
“Bio-polyamides are accepted worldwide owing to their environmental benefits. India is the leading supplier of castor oil and is expected to be the fastest growing market for bio-polyamide.”
Key Market Drivers
- Extensive use of bio-polyamide in automotive sector
- Growing demand from emerging economies in APAC
- Favorable environmental regulations in developed nations
Key Market Trends
- Increased R&D spending
- Growing demand from Brazil, Russia, India, and China (BRIC) nations
- Oligopolistic nature of market
Key Market Vendors
- Arkema
- BASF
- Evonik Industries
- Honeywell
- Invista
- Radici
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
