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Globe and Mail
5 days ago
- Automotive
- Globe and Mail
Lucintel Forecasts the Biomimetic Plastic Material Market in Japan Market to Reach $10.5 billion by 2031
"According to a market report by Lucintel, the future of the biomimetic plastic material market in Japan market looks promising with opportunities in the research institution, transportation, and consumer electronic markets. The biomimetic plastic material market in Japan market is expected to reach an estimated $10.5 billion by 2031, with a CAGR of 5.8% from 2025 to 2031" According to a market report by Lucintel, the future of the biomimetic plastic material market in Japan market looks promising with opportunities in the research institution, transportation, and consumer electronic markets. The biomimetic plastic material market in Japan market is expected to reach an estimated $10.5 billion by 2031, with a CAGR of 5.8% from 2025 to 2031 According to a market report by Lucintel, the future of the biomimetic plastic material market in Japan market looks promising with opportunities in the research institution, transportation, and consumer electronic markets. The biomimetic plastic material market in Japan market is expected to reach an estimated $10.5 billion by 2031, with a CAGR of 5.8% from 2025 to 2031. The major drivers for this market are the significantly growing automotive sector and rising demand from the electronics industry. A more than 150-page report to understand trends, opportunity and forecast in biomimetic plastic material market in Japan market to 2031 by type (biodegradable plastic, self-healing plastic, and others) and application (research institutions, transportation, consumer electronics, and others). Lucintel forecasts that, within the type category, biodegradable plastic is expected to witness higher growth over the forecast period due to growing environmental concerns. Within the application category, consumer electronics will remain the largest segment. Download sample by clicking on biomimetic plastic material market in Japan market This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@ To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard. About Lucintel At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: Tel. +1-972-636-5056 Explore Our Latest Publications Biomimetic Plastic Material Market in Australia Biomimetic Plastic Material Market in Brazil Biomimetic Plastic Material Market in Netherlands Biomimetic Plastic Material Market in South Africa Biomimetic Plastic Material Market in United States Media Contact Company Name: Lucintel Contact Person: Roy Almaguer Email: Send Email Phone: 972.636.5056 Address: 8951 Cypress Waters Blvd., Suite 160 City: Dallas State: TEXAS Country: United States Website:
Zawya
04-06-2025
- Automotive
- Zawya
South Africa new vehicle sales climb 22% in May as interest rate cut boosts confidence
South Africa's new vehicle market recorded strong growth in May 2025, with total sales rising 22% year-on-year to 45,308 units. The performance followed a long-anticipated 25 basis point cut in the repo rate by the South African Reserve Bank (SARB), a policy shift welcomed by the automotive sector as a boost to affordability, investment and industrial resilience. New passenger car sales reached 31,741 units in May, up 30% from 24,419 units in May 2024. Light commercial vehicles, including bakkies and minibuses, increased 5.8% to 10,938 units. Medium and heavy truck segments also posted solid gains, with medium commercial vehicles rising 22.7% to 660 units and heavy trucks and buses up 6.7% to 1,969 units. Dealer sales accounted for 88.4% of May volumes, with the vehicle rental industry representing 6.8%, corporate fleets 3.0%, and government 1.8%. Car rental alone made up 8.5% of new passenger car sales during the month. The SARB's action comes as inflation eases to 2.8%—below the 3%–6% target range—while the rand strengthens amid improved investor sentiment. Lower interest rates are expected to reduce borrowing costs for both consumers and manufacturers, encouraging capital expenditure, tooling upgrades and model retooling across the automotive value chain. Exports, however, fell 14.6% year-on-year to 30,112 units in May, down from 35,277 in May 2024. The decline was attributed to a major OEM halting production from mid-April to mid-May for facility upgrades ahead of a new model rollout. Year-to-date, export volumes remained 1.4% ahead of the same period last year. Naamsa also welcomed the ongoing discussions between National Treasury and the SARB on potentially lowering the official inflation target midpoint from 4.5% to 3.0%. A structurally lower inflation environment could support sustained rate cuts, improving affordability for consumers and competitiveness for exporters.
