Chemicals Industry Today
Bio-Based Epoxy Resins Market Is Set for a Rapid Growth and is Expected To Reach USD 8.6 Bn by 2031
North America and Europe are currently the dominant markets for bio-based epoxy resins and will continue to be so, evident by the ban on the use of fossil fuel-derived epoxy resins in the food packaging industry in Canada and France in the recent years. This shift in demand away from fossil fuels should drive the growth curve for sustainable products upward in these regions of the bio-based epoxy resin market.The burgeoning growth of the consumer electronics industry as seen by the rising user penetration at 22% in 2020 will further increase the demand for bio-based epoxy resins in these regions. The Asia Pacific (APAC) region is an upcoming market for bio-based epoxy resins, owing to influx of electronics and communication devices in these regions with cheap labor.
Published 17 March 2022
Bio-based Epoxy Resin Market: Introduction
Transparency Market Research delivers key insights on the global bio-based epoxy resin market. In terms of revenue, the global bio-based epoxy resin market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global bio-based epoxy resin market.
The global bio-based epoxy resin market is broadly affected by several factors, including increase in usage of bio-based epoxy resin in various applications such as paints & coatings, adhesives, composites, laminates and other. The expansion of the residential sector across the globe has led to significant rise in the usage of bio-based epoxy resin. Increase in demand and use of bio-based epoxy resin in residential building construction are expected to be drive the global bio-based epoxy resin market. The rise in demand for paints & coatings and adhesives is also propelling the bio-based epoxy resin market.
Get Brochure of the Report @https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=78445
Bio-based Epoxy Resin Market: Dynamics
Bio-based epoxy resins are utilized in the construction industry, which, in turn, is boosting the demand for bio-based epoxy resins. Bio-based epoxy resins are produced using plant-based sources. Bio-based epoxy resins offer various benefits to products using techniques that require minimum energy and produce less harmful toxins, thereby reducing greenhouse gas emission.
Superior performance to petroleum-based resins, no nasty smell, low VOC and odor, high strength, and UV resistance are a few key benefits offered by bio-based epoxy resins, thereby leading to its extensive usage in various industries.
The global construction industry is expected to expand considerably during the forecast period. Thus, rise in use of paints and coatings is projected to boost the demand for bio-based epoxy resins during the forecast period.
Manufacturers are focusing on the paints & coatings, adhesives, and laminates segment, as the share held by this segment in the bio-based epoxy resins market, is likely to increase during the forecast period.
Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=78445
Bio-based Epoxy Resin Market: Prominent Regions
Europe holds major share of the global bio-based epoxy resin market. The market in the region is anticipated to expand at a CAGR of 5.2% during the forecast period. Increase in demand for bio-based epoxy resin in various applications, such of paints & coatings, is driving the bio-based epoxy resin market in Europe. Germany is a key country of the bio-based epoxy resin market in Europe. It held significant share of the bio-based epoxy resin market in Europe in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Asia Pacific is also a prominent region of the global bio-based epoxy resin market. China led the bio-based epoxy resin market in Asia Pacific in 2020. The increase in demand for bio-based epoxy resin for paints and coatings also propels the market in China.
Get Trending Report-https://www.prnewswire.com/news-releases/quartz-market-to-exceed-valuation-of-us-12-9-bn-by-2031-says-tmr-301473022.html
Bio-based Epoxy Resin Market: Major Players
The global bio-based epoxy resin market is consolidated, with the presence of key players. Prominent players operating in the global bio-based epoxy resin market include Kukdo Chemical, Supreme, Silicones, Entropy Resins, ECOPOXY Coatings, Sicomin Epoxy Systems, Bitrez Ltd, ALPAS, Cardolite Corporation, and Paladin Paints & Chemicals Pvt. Ltd.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision
Contact
Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
Transparency Market Research delivers key insights on the global bio-based epoxy resin market. In terms of revenue, the global bio-based epoxy resin market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global bio-based epoxy resin market.
The global bio-based epoxy resin market is broadly affected by several factors, including increase in usage of bio-based epoxy resin in various applications such as paints & coatings, adhesives, composites, laminates and other. The expansion of the residential sector across the globe has led to significant rise in the usage of bio-based epoxy resin. Increase in demand and use of bio-based epoxy resin in residential building construction are expected to be drive the global bio-based epoxy resin market. The rise in demand for paints & coatings and adhesives is also propelling the bio-based epoxy resin market.
Get Brochure of the Report @https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=78445
Bio-based Epoxy Resin Market: Dynamics
Bio-based epoxy resins are utilized in the construction industry, which, in turn, is boosting the demand for bio-based epoxy resins. Bio-based epoxy resins are produced using plant-based sources. Bio-based epoxy resins offer various benefits to products using techniques that require minimum energy and produce less harmful toxins, thereby reducing greenhouse gas emission.
Superior performance to petroleum-based resins, no nasty smell, low VOC and odor, high strength, and UV resistance are a few key benefits offered by bio-based epoxy resins, thereby leading to its extensive usage in various industries.
The global construction industry is expected to expand considerably during the forecast period. Thus, rise in use of paints and coatings is projected to boost the demand for bio-based epoxy resins during the forecast period.
Manufacturers are focusing on the paints & coatings, adhesives, and laminates segment, as the share held by this segment in the bio-based epoxy resins market, is likely to increase during the forecast period.
Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=78445
Bio-based Epoxy Resin Market: Prominent Regions
Europe holds major share of the global bio-based epoxy resin market. The market in the region is anticipated to expand at a CAGR of 5.2% during the forecast period. Increase in demand for bio-based epoxy resin in various applications, such of paints & coatings, is driving the bio-based epoxy resin market in Europe. Germany is a key country of the bio-based epoxy resin market in Europe. It held significant share of the bio-based epoxy resin market in Europe in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Asia Pacific is also a prominent region of the global bio-based epoxy resin market. China led the bio-based epoxy resin market in Asia Pacific in 2020. The increase in demand for bio-based epoxy resin for paints and coatings also propels the market in China.
Get Trending Report-https://www.prnewswire.com/news-releases/quartz-market-to-exceed-valuation-of-us-12-9-bn-by-2031-says-tmr-301473022.html
Bio-based Epoxy Resin Market: Major Players
The global bio-based epoxy resin market is consolidated, with the presence of key players. Prominent players operating in the global bio-based epoxy resin market include Kukdo Chemical, Supreme, Silicones, Entropy Resins, ECOPOXY Coatings, Sicomin Epoxy Systems, Bitrez Ltd, ALPAS, Cardolite Corporation, and Paladin Paints & Chemicals Pvt. Ltd.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision
Contact
Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
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Mr. Rohit Bhisey
Transparency Market Research
State Tower, 90 State Street,
Suite 700,
Albany
12207
+91- 8600924083
http://www.transparencymarketresearch.com/
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