Cannabis News

The Worldwide Bio-Based Epoxy Resins Industry is Expected to Reach $220 Million by 2027 – ResearchAndMarkets.comPosted by MMP News AuthorOn February 8, 2022


DUBLIN–()-The “Global Bio-Based Epoxy Resins Market, By Type, By Ingredient, By Form, By Application, By End User, Estimate & Forecast, 2017 – 2027” report has been added to from ResearchAndMarkets.com offer.

The global Bio-based Epoxy Resins Market held a market value of USD 166.5 Million in 2020 and is projected to reach USD 220.1 Million by 2027. The market is expected to register a CAGR of 4.4% during the forecast period . Also, the market volume was expected to be 24,703.6 tons in 2020.

Companies cited

  • ALPS

  • Bitrez Ltd.

  • Chang Chun Group

  • COOE (climate change)

  • EcoPoxy

  • Entropy Resins

  • Gougeon Brothers

  • Greenpoxy

  • Hunter’s Society

  • chemical kukdo

  • Nagase ChemteX Corporation

  • Research of bio epoxy resin

  • Resoltech

  • Sicomin Epoxy Systems

Bio-based epoxy resins are created from vegetable carbon instead of petroleum-based carbon. Bio-based epoxy resins use green chemistry methods that require less energy and generate fewer hazardous by-products, reducing greenhouse gas emissions from resin manufacturing by 50%. The market for bio-based epoxy resins is increasing significantly due to factors such as growing awareness of carbon emissions, increase in initiatives by governmental and non-governmental agencies, expanding application of bio-based epoxy resins.

Flexible epoxy resins are used in the manufacture of adhesives, coatings, sealants, composites, as well as flooring products, which are important parts of the building and construction industry. Epoxy resin adhesives are used for creating wood laminates for decks, walls, roofs and other construction applications. Rising usage and preference rates drive the growth rate of the market.

The variable cost of raw materials limits the growth of the bio-based epoxy resins market. Several economies focus on the import and export of raw materials, and the non-standardized process limits the market growth rate to a limited extent.

Growth Influencers:

Government regulations to reduce carbon emissions

Governments around the world are focused on imposing restrictions and regulations to rationalize rising gas emissions. For example, in December 2018, the US Environmental Protection Agency (EPA) proposed new greenhouse gas (GHG) emissions regulations for modified and rebuilt power plants. The recommended rule would replace the EPA’s 2015 Carbon Pollution Standard for New Power Plants, which established new Source Performance Standards (NSPS) to limit carbon dioxide emissions from powered power plants. by fossil fuels. Thus, such regulations promise environmental sustainability and push the demand for bio-based epoxy resins, thereby increasing the growth rate of the market.

Increased applications of bio-based epoxy resins

Bio-based epoxy resins have many applications in several industries, including the construction industry. These resins are used as sealants, flooring, building materials and adhesives. Additionally, bio-based epoxy resins are being used at a significant rate in the manufacturing industry for fiberglass materials, marine craft, rainwater tanks, electrical circuit boards, and water-repellent materials, among others. . For example, in March 2020, Bitrez Ltd, one of Europe’s leading manufacturers of polymers and specialty chemicals, launched a new set of regulatory-compliant bio-based resins for the composites industry. This new family of bio-based resins, including bio-epoxy systems and polyfurfuryl alcohol (PFA), are specifically designed for composite applications and comply with Product Registration, Evaluation, Authorization and Restriction chemicals (REACH). These wide applications of bio-based epoxy resins are contributing to the growth of the market over the forecast period.

Presentation of the segments:

The global bio-based epoxy resin market is segmented into type, ingredient, form, application, and end user.

By type

  • Biobased carbon content: 28-50%

  • Biobased carbon content: 50%

By ingredient

  • Glycerol

  • Hemp

  • Vegetable

  • Vegetable oil

  • soybean oil

  • Linseed oil

  • Canola oil

  • Karanja oil

  • Others

By form

By app

  • Diglycidyl ethers of isosorbide (DGEI)

  • Epoxidized cardanol (coatings)

  • Epoxidized linseed oil

  • 2,5-Bis(hydroxymethyl)-furan diepoxy furan (BHMF)

  • Liquid epoxidized natural rubber (LENR)

  • Terpene Maleic Ester Epoxy (TME)

Per end user

  • Aerospace

  • Building construction

  • Consumer Goods (the market volume size will exceed 10,000 tons in 2026)

  • Electrical and Electronic

  • Marine

  • Wind power

  • Others

Regional overview

By region, the global bio-based epoxy resins market is divided into Europe, North America, Asia-Pacific, Middle East & Africa and South America.

The North American region is expected to hold the largest market share of around 36% owing to the presence of established manufacturing infrastructure and capabilities in countries such as the United States and Canada. In addition, Asia-Pacific is one of the regions expected to hold the fastest rowing rate of 5.1% due to the increase in applications and usage of bio-based epoxy resins in countries. such as Japan, India and China.

The European region is expected to experience substantial growth due to rising awareness and growing demand. The Latin America region is also expected to grow at a considerable pace.

For more information on this report, visit https://www.researchandmarkets.com/r/pbfamz



#Worldwide #BioBased #Epoxy #Resins #Industry #Expected #Reach #Million #ResearchAndMarketscomPosted #MMP #News #AuthorOn #February

Related Posts

Leave a Reply