Bio-based resins are defined as synthetic compounds which are prepared from renewable source of raw materials. Such type of resins are quite different from conventional resins and are extensively being used for production of diversified products including carpets, films, packaging materials, furniture, automotive parts and other such products. These raw materials are prepared from soybean, coffee, castor plant seeds, sugar cane, wood pulp, castor plant seeds, corn and other bio-based materials.
MARKET DYNAMICS
The bio-based resin market has witnessed a significant growth owing to factors such as growing demand for safe and sustainable products across houehold and consumer good industry. Moreover, stringent government regulations on petroleum resin products provides a huge market opportunity for the key players operating in the Bio-based resin market. However, rise in cost of bio-based products and raw materials is projected to hamper the overall growth of the Bio-based resin market.
MARKET SCOPE
The "Global Bio-based Resin Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Bio-based resin market with detailed market segmentation by type, application and geography. The global Bio-based resin market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Bio-based resin market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global bio-based resin market is segmented on the basis of type and application. On the basis of type, the bio-based resin market is segmented into Biodegradable Starch Blends, Polylactic Acid (PLA), Bio-polyethylene Terephthalate (Bio-PET), Polyhydroxyalkanoate (PHA), Bio-polyethylene (Bio-PE) and Others. Based on applications, the global Bio-based resin market is divided packaging, automotive, construction and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Bio-based resin market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bio-based resin market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the bio-based resin market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Bio-based resin market in these regions.
MARKET PLAYERS
The reports cover key developments in the bio-based resin market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Bio-based resin market are anticipated to lucrative growth opportunities in the future with the rising demand for Bio-based resin in the global market. Below mentioned is the list of few companies engaged in the Bio-based resin market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the bio-based resin market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Arkema SA
- BASF SE
- Biotec
- Braskem
- Corbion
- Danimer Scientific
- DuPont
- Minima
- Natureworks LLC
- Trinseo
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.