Bio Epoxy Resin Market Size Growth Rate by Application 2021 Analysis, Share, Manufacturers, Growth Factor and Forecast to 2027 - Sicomin, Gougeon Brothers, Wessex Resins, COOE (Change Climate), Spolchemie, ATL Composites

The “Bio Epoxy Resin Market” report provides 2021-2027 a detailed market overview based on current and future trends that will determine the profit structure. Market size, demand, supply chain, market growth factors, and future trends. It involves an in-depth study of the current trends leading to this vertical trend in different regions. The report provides important information related to components and factors such as market size, market share, market segmentation, main growth drivers, and market competition. Bio Epoxy Resin market segments are highlighted by type and application, region, and major players. It provides key statistics on the market conditions of major market participants.

“The Bio Epoxy Resin Market is predicted to register a CAGR of 13% over the forecast period 2021 – 2027.”

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Market Overview:

Bio-based epoxy resins exhibit certain properties which make them more attractive than other epoxy resins present in the market. Some of these properties are no nasty smell, relatively superior to petroleum-based epoxy resins, low VOC, low odour, superior strength and UV resistance transparency. Thus, owing to the favourable properties exhibited by bio-based epoxy resins, the demand for bio-based epoxy resins is expected to propel during the forecast period. Bio-based epoxy resins find various applications in the building industry as a floor or sealant cover and in adhesives and building materials. It also finds usage in the manufacturing industry; glass fibre products, such as rainwater tanks, marine crafts and electrical circuit boards, etc.; water-repelling and adhesives & sealants, etc. Thus, due to the wide applications of bio-based epoxy resins, the sales of bio-based epoxy resins products is expected to increase during the forecast period, thereby leading to the growth of the global bio-based epoxy resins Market. In 2016, Sicomin presented its full range of bio-based epoxy resins products at the JEC World exhibition held in Paris.

Impact of COVID-19 on the Bio Epoxy Resin Market:

The rise of COVID-19 has tempered showcase improvement; anyhow, the market is consistently choosing up-tempo because of growing lockdowns. The fast increment in CAGR is thanks to the request and extension of this marketplace, which is a practicality to come to pre-pandemic ranges once the large, is gone.

Key Competitors of the Bio Epoxy Resin market is:

Sicomin, Gougeon Brothers, Wessex Resins, COOE (Change Climate), Spolchemie, ATL Composites

Major Types covered are:

Bio-based Carbon Content: 28-40%
Bio-based Carbon Content: ?40%
Other

Major Applications covered are:

Electronics
Coatings
Adhesives
Composites
Others

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Key Market Trends

Flexible Packaging Segment to Dominate the Market Demand

Bioplastics made from bio-based resins provide the packaging industry with a renewable sustainable option, for a variety of uses. Within packaging, rigid packaging accounts for the larger share of the market.
The large share is due to its usage in a large variety of products, including bottles, jars, canisters, cups, buckets, containers, trays, and clamshells.
A majority of bio-based rigid packaging products are made of bio-based, non-biodegradable PE and PET. Additionally, PLA, PBS, and PHA plastics can offer an add-on functionality of biodegradability to rigid packaging applications.
For instance, bio-PLA’s application in flexible packaging offers properties, such as high clarity, stiffness, and excellent printability. These properties make it highly suitable for applications in flexible packaging films made from bio-PLA resin.
The growing food and beverage companies and innovation in the packaging industry have been driving the growth of the flexible packaging market, owing to its lightweight, comparatively lower cost than rigid packaging, and ease in changing the packaging sizes.

North America is expected to hold a significant share in the global bio-based epoxy resins market

North America and Europe are currently the dominant markets for bio-based epoxy resins and will continue to be so, as evident by the ban on the use of fossil fuel-derived epoxy resins in the food packaging industry in Canada and France in recent years. This shift in demand away from fossil fuels should drive the growth curve for sustainable products upward in these regions. Moreover, a growing consumer electronics industry as seen by a rising user penetration at 22% in 2020 will further increase demand for bio-based epoxy resins in these regions. The Asia Pacific region (APAC) is an upcoming market for bio-based epoxy resins owing to an upcoming electronics and communication market in these regions with cheap labour.

Regional market Bio Epoxy Resin (regional production, demand and forecast by country):

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situations, most important trade models, and consequently the possible headways in services with the aid of using crucial gamers inside the upcoming years.

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Report Features:

To project the value and sales volume of the Bio Epoxy Resin market, concerning key regions.
To analyses competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To study and analyses the global Bio Epoxy Resin market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
To understand the structure of the Bio Epoxy Resin market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, industry-specific challenges, and risks).

Report Customization:

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