Bio-based Epoxy Resin Market to Expand at CAGR of 5.5% During Forecast PeriodPosted by Kaustubh Ravan on April 25th, 2024 The global bio-based epoxy resin market was worth more than US$ 4.8 Bn in 2020. The market is likely to rise at a CAGR of 5.5% during the forecast period, from 2021 to 2031. The global bio-based epoxy resin market is expected to reach a value of US$ 8.6 Bn by the end of 2031. The use of bio-based epoxy resins in the construction industry is increasing, which is likely to fuel growth of the the global bio-based epoxy resin market. Plant-based sources are used to make bio-based epoxy resins. Bio-based epoxy resins provide a number of advantages to products made with low-energy procedures that generate less hazardous chemicals, hence lowering greenhouse gas emissions. Bio-based epoxy resins have a number of major advantages over petroleum-based epoxy resins, including high strength, superior performance, no unpleasant odor, UV resistance, and low VOC and odor to name a few. The global construction industry is predicted to rise significantly during the forecast period. As a result, the demand for bio-based epoxy resins is expected to rise over the forecast period due to an increase in its usage of paints and coatings. Companies are centering their efforts on adhesives, paints & coatings, and laminates industries, since this segment's share of the bio-based epoxy resins market is expected to grow throughout the projected period. Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=78445 Market Segmentation By Service Type
By Sourcing Type
By Application
By Industry Vertical
By Region
Regional Analysis
Market Drivers and Challenges Market Drivers
Market Challenges
Market Trends
Future Outlook The bio-based epoxy resin market is poised for significant growth as sustainability becomes a key focus across industries. Advancements in bio-based technologies, expansion of production capacities, and strategic partnerships will drive market competitiveness and innovation. Key Market Study Points
Competitive Landscape Key players in the bio-based epoxy resin market include companies such as BASF SE, Huntsman Corporation, Dow Chemical Company, Evonik Industries AG, and Sicomin. These companies are investing in R&D, strategic collaborations, and sustainable practices to strengthen their market position and meet evolving customer demands. Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=78445<ype=S Recent Developments
About Transparency Market Research Transparency Market Research, a global market research company registered in Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Like it? Share it!More by this author |