Bio-Based Polymer Market Size Soaring at 5.3% CAGR to Reach $9,905.9 Million by 2025: Top Players BASF SE, DowDuPont, PTT Global Chemical Public Company Limited, Arkema Group
The bio-based polymer market size was valued at $6,395.5 million in 2017 and is projected to reach $9,905.9 million by 2025, growing at a CAGR of 5.3% from 2018 to 2025. Bio-based polymers are defined as polymers made from biological sources. Some of these polymers are formed directly in the polymeric form in the organisms (e.g., microorganisms, algae, or plants) that produce them, while others are manufactured from bio-based monomers. These polymers are available in many grades with several different properties.
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The growth of the bio-based polymer market is driven by factors such as increase in consumer awareness about the environmental impact of petroleum-based polymers and rise in government regulations to reduce greenhouse gas (GNG) emissions. In addition, favorable government regulations and initiatives such as Lead Market Initiative (UK) and BioPreferred (U.S.) boost the use of bio-based products, which correspondingly increases the demand for bio-based polymer products during the projected period. However, high cost to end user and cheaper rates of petroleum feedstocks are expected to hamper the growth of the global market. Furthermore, increasing investment in R&D for product developments in niche applications is expected to offer a key opportunity for market growth.
The global bio-based polymer market is segmented based on type, application, and region. Based on type, the market is categorized into polyethylene, polyamide, polylactic acid, polyethylene terephthalate and others (starch blends, polyhydroxyalkanoates, poly (butylene adipate-co-terephthalate), polybutylene succinate). Based on application, it is classified into textile, automotive, industrial, agriculture, packaging, and others (paper & paperboard, agriculture, and consumer goods). Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Some of the major players analyzed in this report are BASF SE, DowDuPont, PTT Global Chemical Public Company Limited, Arkema Group, Corbion, Mitsubishi Chemical Holdings Corporation. Teijin Limited, Kuraray Co., Ltd., Toray Industries, Inc., Bio-On, Novamont SpA, and Finasucre SA.
Water Soluble Polymer Market, by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 – 2025
The global water soluble polymer market accounted for a revenue of $33,096.8 million in 2017 and is anticipated to generate $52,737.2 million by 2025, growing at a CAGR of 6.0% from 2018 to 2025. The growth of the global water soluble polymer market is driven by increase in demand for water soluble polymers in water treatment in developing countries, such as China, India, and Brazil.
The global water soluble polymer market is segmented based on type, application, and region. Based on type, it is categorized into polyacrylamide & copolymers, guar gum & derivatives, polyvinyl alcohol, casein, gelatin, polyacrylic acid & copolymers, and others. By application, the market is divided into water treatment, detergents & household products, paper making, petroleum, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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