Bio-based Polymers Market

1. Bio Based Polymers MarketSet to Exceed $29.6 Billion by 2026 | CAGR 10% “Bio-based Polymers Market Share, Size, Trends, & Industry Analysis Report, [By Product (PET, PA, PEF, PE, PUR, PBS, PHA, PTT, Epoxies, Others), By End-Use (Textile, Automotive, Films & Coatings, Electronics, Industrial), By Regions]: Segment Forecast, 2018 - 2026”

2. Bio Based Polymers Market Estimate & Forecast to 2026 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. 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. Initially bio-based functional polymers were derived from agricultural feedstock, but a recent breakthrough in technology has shifted focus to derive from nucleic acids, proteins, polysaccharides, and bacterial fermentation by synthesizing monomers like fatty acids, cellulose, and starch. 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

3. Bio Based Polymers Market Scope

4. Bio Based Polymers Market Estimate & Forecast to 2026 The bio-based polymers are manufactured through the polymerization of bio-based raw materials through engineered industrial processes. Bio-based polymers are usually manufactured from vegetable oils derived from castor, soybean, rapeseed, or sunflower corn fiber, wheat by-products, food processing waste, paper mill sludge, stems, leaves, livestock waste, and others. 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. 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. Browse Complete Report

5. Bio Based Polymers Market Share Request for TOC

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