GLOBAL EV BIO-BASED ASA RESIN MARKET

INTRODUCTION

 Strong weather and UV resistance are characteristics of acrylonitrile styrene acrylate, often known as ASA resin.

The usage of nanofillers like nanoclay and nanocellulose, as well as current technical developments in nanotechnological methods for bio-based nano- composite coatings, will be highlighted.

To improve the hydrophobicity, total barrier protection, and functions of coated sheets, hierarchical structures can be made using a combination of biopolymers and surface-modified nanofillers.

GLOBAL EV BIO-BASED ASA RESIN MARKET SIZE AND FORECAST

The Global EV bio-based ASA resin market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

The first biobased ASA (acrylonitrile styrene acrylate) resin on the market has reportedly been developed by Ineos Styrolution and contains up to 50% renewable (bio-attributed) content.

It is based on the business's Luran S ASA, which is utilised in the toy and sports/leisure applications, as well as the construction industry and external auto parts.

The Eco B variant is made with sustainable feedstocks such as household cooking and/or wood waste. According to LCA research, Luran S Eco B products have a carbon footprint that is up to 58% lower than those of the corresponding fossil-based products.

As a fully integrated manufacturer of durable materials, Ascend Performance Materials has a special capacity to customise the chemistry of nylon resin and the world's compounding know-how to support sustainability objectives.

Ascend has changed their material offering to include a combination of PIR and PCR content as a result of the company's acquisition of Italy's Poliblend, a producer of high-performance compounds from PCR.

Additionally, Ascend will start producing and utilising bio based feedstocks for nylons. The business will start selling biobased hexamethylene diamine, nylons made from them, and acrylonitrile. 

The mechanically recycled Novadur Eco and Novadur Eco HH ABS resins for home appliances and automobiles, respectively, will come in four grades from Ineos Styrolution and are new as well.

Depending on the application, up to 100% PCR content is feasible. In addition to black and white, colour variants (such red and blue) will also be offered.

HiDura is a growing array of copolymers for films that increase the toughness of packaging as well as long-chain nylons 610 and 612 for injection moulded consumer goods and connectors. There are grades that range from 40% to 60% biobased material.

PRODUCT DEVELOPMENT

Global chemical business BASF provides a variety of goods and services to different sectors. Under the Ultramid B3WG10 Balance brand, BASF sells a bio-based ASA resin as one of its products. High-performance thermoplastic Ultramid B3WG10 Balance resin is made from sustainable raw ingredients. It is made up of a bio-based acrylonitrile-styrene-acrylate (ASA) copolymer and a bio-based polyamide.

The great impact resistance, high rigidity, and superb dimensional stability of this resin are only a few of its exceptional mechanical qualities. It is useful for outdoor applications due to its strong weatherability, chemical resistance, and UV resistance. The patented biomass balancing process developed by BASF is used to create this bio-based resin.

Utilizing renewable resources as feedstock for the creation of chemicals, such as vegetable oils and fats, is part of this strategy. In the production process, BASF substitutes renewable feedstock for a part of the fossil-based feedstock. The finished product is verified as having a specific amount of renewable material in accordance with established standards like ISCC Plus and REDcert2.

There are various benefits to manufacturing Ultramid B3WG10 Balance resin using renewable raw ingredients. In the beginning, it lessens reliance on fossil fuels and contributes to a decrease in greenhouse gas emissions. Secondly, by utilizing renewable, regenerable materials, it aids in the building of a circular economy. Third, it satisfies the growing consumer and end-user need for sustainable goods and services.

A bio-based ASA resin made from renewable raw materials is marketed by BASF under the trade name Ultramid B3WG10 Balance resin. It is appropriate for a variety of applications thanks to its outstanding mechanical qualities, superior weatherability, and chemical resistance. In addition to lowering reliance on fossil fuels and fostering a circular economy, using renewable resources in the manufacturing of this resin offers a number of other benefits.

The South Korean-based multinational chemical corporation LG Chem creates a variety of cutting-edge products, such as bio-based resins. The LUPOY brand of bio-based ASA resin is one of their noteworthy bio-based resins. Instead of using fossil fuels, bio-based resins are made from sustainable resources like plant-based materials.

They have a smaller carbon footprint and rely less on non-renewable resources, making them a more environmentally friendly alternative to conventional petroleum-based resins. Natural, renewable resources, including corn, sugar cane, and cassava, are used to create the LUPOY bio-based ASA resin. Numerous products, including consumer items, home appliances, and vehicle parts, frequently employ ASA resins.

High impact strength, outstanding weatherability, and strong chemical resistance are just a few of the qualities that the LUPOY bio-based ASA resin has in common with conventional petroleum-based ASA resins.

Additionally, it is easy to form into intricate patterns and structures because to its favorable processing characteristics. Aside from its exceptional qualities, the LUPOY bio-based ASA resin is accredited by several international bodies, including the European Bioplastics Association and the USDA BioPreferred Program. With the use of these certificates, it is guaranteed that the resin complies with strict criteria for environmental effect and sustainability.

LG Chem's dedication to sustainability is also visible in their production method for the LUPOY bio-based ASA resin. To lessen the industrial process's negative environmental effects, the firm employs a closed-loop system that recycles trash and cuts emissions.

COMPANY PROFILE

• Sabic
• Chimei
• Romira
• LG Chem
• Ineos Styrolution Group
• Nippon

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many  EV bio-based ASA resin are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global  EV bio-based ASA resin and key vendor selection criteria
3. Where is the  EV bio-based ASA resin manufactured? What is the average margin per unit?
4. Market share of Global  EV bio-based ASA resin market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global  EV bio-based ASA resin in-house
6. key predictions for next 5 years in Global  EV bio-based ASA resin market
7. Average B-2-B  EV bio-based ASA resin market price in all segments
8. Latest trends in  EV bio-based ASA resin market, by every market segment
9. The market size (both volume and value) of the  EV bio-based ASA resin market in 2023-2030 and every year in between?
10. Production breakup of  EV bio-based ASA resin market, by suppliers and their OEM relationship