Uploaded on Jun 11, 2020
Bio-based Polymers Market
Bio-based Polymers Market
Bio-based Polymers Market
Set 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”
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 govCeoprynrigmht ©e Ponlatri s iMnarikteit aRetsievarech s& Ctoons urltiengd LLuP c20e18 .d Alel Rpighetsn Redseervnedcy on petrochemicals 2
have been responsible for the development of bio-based alternatives.
Bio-based Polymers Market Scope
By Product By End-Use By Region
•PET • Textile •North America (U.S., Canada)
•PA • Automotive •Europe (Germany, UK, France, Italy, Spain)
•PEF • Films & Coatings •Asia Pacific (China, India, Japan, South Korea)
•PE • Electronics •Latin America (Brazil, Mexico, Colombia)
•PUR • Industrial •MEA (Saudi Arabia, South Africa, Israel, UAE)
•PBAT
•PBS
•PHA
•PTT
•Epoxies
•Others
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Bio-based Polymers Market Estimate & Forecast to 2026
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.
Access Research Report On Bio-based Polymers Market
Major polymer manufacturers are shifting their focus towards developing sustainable
technologies and are collaborating with various individual bio-based technology
manufacturers in order to produce bio-based polymers. The bio-based polymer industry is
consolidated in nature and has witnessed numerous M&A over the past few years.
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Bio-based Polymers Market Size
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