Advertisement Product description:Global Bio based resin Market was valued US$ 9.051 Bn in 2017 and is estimated to reach US$ 28.451 Bn by 2026 at a CAGR of 15.39%.
Increasing demand from sector such as aerospace, wind energy, packaging and paints and coatings is the primary growth driver for bio based resin market. In addition, government regulations on synthetic resins favors the market growth. Penetration of bio based resin upcoming application will create an opportunity for market. Robust growth of construction industry is fuelling the demand for paints and coatings thereby demanding the bio based resin. Bio based resin demand will be propelled by to the aerospace industry’s demand for epoxy resins as raw materials for manufacturing aircrafts. However, high production cost of bio resin act as a restraining factor for market growth.
Scope of Global Bio Based Resin Market
Global Bio Based Resin Market, By Product:
• Biodegradables
o Starch-based
o Cellulose Derivatives
o Polyvinyl Alcohol
o Bio Epoxy Resins
o Polylactic acid (PLA)
o Polyglycolic acid (PGA)
o Polycaprolactone (PCL)
o Polyhydroxybutyrate (PHB)
o Polybutylene Succinate (PBS)
o Polyhydroxyalkanoates (PHA)
o Polyanhydrides
o Others
• Non-biodegradables
o Biopolyethylene Terephthalate (PET).
o Biopolyethylene
o Biopolyamides
o Biopolyols and Polyurethane.
o Biopolytrimethylene Terephthalate (PTT).
o Bio-Polypropylene (PP)
o Others
Global Bio Based Resin Market, By End-user:
• Packaging
• Construction
• Automotive
• Food & Beverage
• Agriculture
• Healthcare
• Household and Consumable Goods
• Others
Global Bio Based Resin Market, by Region:
• North America
• South America
• Asia Pacific
• Europe
• Middle East & Africa
Key Player analyzed in the Report:
• DuPont Tate and Lyle
• Wageningen UR
• Archer Daniels Midland
• John Deere
• Braskem
• Metabolix
• Cereplast
• Dow Chemical
• BASF
• Cargill Nature Works
• Ashland Performance Materials
• Kemwerke
• Nature Composites
• Agri- Fibers Inc.
• Absecon Mills
• Etech Surf
For more information visit: https://www.maximizemarketresearch.com/market-report/global-bio-based-resin-market/26751/
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