Industry Background:
Bio-based resins also known as thermosets are synthetic materials that comprise partially or completely of renewable raw materials and which can no longer be heated after a single hardening step. The expansion of bio-based resins comprises several approaches. It is possible to replace a large part of the traditional building blocks of a resin by identical building blocks based on biomass. The bio-based resins are used for the manufacturing of numerous products such as packaging materials, furniture, carpets, films, bottles, cups, and automotive parts. Bio-based resins are commonly used by the manufacturer to produce bottle caps, mineral water bottles, carbonated soft drink bottles, and dairy packaging.This growth is primarily driven by Increasing Consumer Interest toward Eco-Friendly Packaging Materials.
Globally, a noticeable market trend is evident Rising of Sustainable Manufacturing Process
. Major Vendors, such as DuPont Tate and Lyle (United States), Braskem (Brazil), Cereplast (United States), Cargill Nature Works (United States), DSM (Netherlands), Ashland Performance Materials (United States), Kemwerke (Philippines), Lingrove, LLC (United States), Renuvix LLC (United States) and Arkema (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On May 6, 2019 DuPont Tate & Lyle Bio Products, Corbion, INOLEX have collaborated with ACT Solutions to Create a Range of Personal Care Product Formulations Delivering High Performance and up to 100 Percent Bio-based Content.
Market Drivers
- Increasing Consumer Interest toward Eco-Friendly Packaging Materials
Market Trend
- Rising of Sustainable Manufacturing Process
- Automotive Manufacturers Are Focusing On Bio-Based Resins
Restraints
- Complex Processing of Bio-Based Resins
- Higher Price of Bio-Based Resins as Compared to Conventional Resins
Opportunities
Growing Infrastructure Development in Emerging Economies
Challenges
Low Strength When Compare To Synthetic Composites and Fluctuation in the Prices of Crude Oil
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bio-Based Resins Study Sheds Light on
— The Bio-Based Resins Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Bio-Based Resins industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Bio-Based Resins industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.