Bio-based Polymers Market size to grow at 10% CAGR to Hit 14.2 Bn By 2024

MarketStudyReport.com present the report on global Bio-based Polymers Market report evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2026.

Selbyville, Delaware - May 15, 2019 /MarketersMedia/ —

The global bio-based polymers market was estimated to be worth of USD 14.2 billion in 2018 and is projected to grow at a CAGR of 10% over the forecast period. The report Bio-based Polymers Market Share, Size, Trends, & Industry Analysis Report, [By Product (PET, PA, PEF, PE, PUR, PBS, PHA, PTT, PBS, Epoxies, PEF, Others), By End-Use (Textile, Automotive, Films & Coatings, Electronics, Industrial), By Regions]: Segment Forecast, 2018 ? 2026? provides insights on the current market scenario and the future prospects.

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Bio-based polymers are obtained through the polymerization of bio-based raw materials through engineered industrial processes. The raw materials of bio-based polymers are either isolated from plants and animals or synthesized from biomass using enzymes or microorganisms. The raw materials used for manufacturing bio-based polymers includes corn fiber, wheat by-products, food processing waste, paper mill sludge, stems, leaves, livestock waste, and others.

Increasing dependence on synthetic polymers has led to a rise in environment risks associated with disposal and recycling. The combustion of these synthetic polymers releases harmful greenhouse gasses (GHGs) and other toxic gasses into the atmosphere, thereby degrading the environment and leading to ozone depletion & global warming. Stringent environmental regulations on fossil fuel products by regulatory authorities such as the EPA and REACH coupled with government initiatives to reduce dependency on petrochemicals have been responsible for the development of bio-based alternatives.

The commercially available bio-based polymer comprises 100% biomass content. Currently, bio-based polymer is derived from corn fiber, wheat by-products, food processing waste, paper mill sludge, stems, leaves, livestock waste. However, companies have been making significant investments in developing 100% bio-based polymers, which do not require fossil fuel or petrochemical byproducts.

The major global raw material manufacturers include companies such as Victrexplc, Mitsubishi, and Wageningen UR among several others. The bio-based content in polymer varies depending on the type of feedstock that is used during manufacturing.

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Major bio-based polymer manufacturers include Cargill, Lubrizol, BASF SE, Bayer Material Science, and Dow Chemical where these companies further process polymer using numerous industrial techniques. In certain cases, some companies supply the unfinished biopolymer to other small and medium-scaled companies. Moreover, several major players operating in the market such as BASF SE, Cargill, Bayer Material Science, Bio Based Technologies, and BioAmber have forward integrated their operations, starting from producing raw materials to production of bio-based polymer.

Table of Contents:

1. Overview and Scope
2. Secondary data sources
3. Bio polymers Market Insights
4. Bio-based Polymers Market Size and Forecast, By Product (Kilo Tons; USD Million)
5. Bio-based Polymers Market Size and Forecast, By Application (Kilo Tons; USD Million)
6. Bio-based Polymers Market Size and Forecast by Regions (Kilo Tons, USD Million)
7. Company Profiles

Complete report titled at: https://www.marketstudyreport.com/reports/bio-based-polymers-market-share-size-trends-industry-analysis-report-by-product-pet-pa-pef-pe-pur-pbs-pha-ptt-pbs-epoxies-pef-others-by-end-use-textile-automotive-films-coatings-electronics-industrial-by-regions-segment-forecast-2018-2026

Related Report:

Global Bio-based Emulsion Polymers Market Insights, Forecast to 2025

Bio-based polymers including the major amount of natural materials which undergo a radical polymerization after the mixture of water, monomer, or surfactant are termed as bio-based emulsion polymers. Their environment-friendly composition and biodegradable nature are fetching the attention of the manufacturers and consumers. Bio-based polymers are naturally obtained and extracted polymers.

https://www.marketstudyreport.com/reports/global-bio-based-emulsion-polymers-market-insights-forecast-to-2025

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Release ID: 512747