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Bio-Based Epoxy Resins Market Insights, Key Trends and Export/Import Analysis for 2032

Bio-Based Epoxy Resins Market Insights, Key Trends and Export/Import Analysis for 2032

The recent “Bio-Based Epoxy Resins Market” report by Report Ocean gathers insights and assessments through genuine consultations with key stakeholders, including CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors. This comprehensive study aims to thoroughly examine the global industry, target market, competition, and various influencing factors. Ask for Free Sample Report

The report on the “Bio-Based Epoxy Resins Market” conducts a data-driven quantitative analysis of the relevant industry. It utilizes research based on public records to identify significant patterns. Additionally, it provides predictions for the market sector’s growth between 2024 and 2032. The research primarily focuses on major global market manufacturers, analyzing sales volume, rates, competitive aspects, market share, and development strategies up to 2032.

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Global Bio-Based Epoxy Resins Market Analysis and Growth Forecast:

The global bio-based epoxy resins market held a market value of USD 166.5 million in 2020 and is estimated to reach USD 220.1 million by the year 2027. The market is anticipated to register a CAGR of 4.4% during the forecast period. Furthermore, the market volume was projected to be 24,703.6 tons in 2020.

Bio-based epoxy resins are created from plant-based carbon instead of petroleum-based carbon. Bio-based epoxy resins utilize green chemistry methods that need a smaller amount of energy and generate fewer hazardous bi-products, thus lowering the greenhouse gas emission from manufacture of resins by 50%. The bio-based epoxy resins market is increasing drastically due to the factors, such as increasing awareness regarding carbon emissions, rising initiatives by government and non-government agencies, expanding application of bio-based epoxy resins.

Flexible epoxy resins are utilized in making adhesives, coatings, sealants, composites, as well as flooring products, which are significant parts of the building and construction industry. The epoxy resin-based adhesives are used for creation of laminated woods for decks, walls, roofs and other building applications. The rising usage and preference rates boost the growth rate of the market.

The varying cost of raw material is restricting the growth of the bio-based epoxy resins market. Several economies focus on import and exports for the raw materials, and the unstandardized process limits the growth rate of the market to a limited extent.

Competitive Landscape

Key players operating in the global bio-based epoxy resins market include ALPAS, Bitrez Ltd., Chang Chun Group, COOE (Change Climate), EcoPoxy, Entropy Resins, Gougeon Brothers, Greenpoxy, Huntsman Corporation, Kukdo Chemical, Nagase ChemteX Corporation, Resin Research Bio Epoxy, Resoltech, Sicomin Epoxy Systems, among others.

The top 6 players in the market hold approximately 54% of the market share. These market players are investing in research, agreements, product launches, mergers & acquisitions, and joint ventures to lure customers towards their products. For instance, in January 2020, Bitrez Ltd, Europes leading manufacture of specialist polymers and chemicals, launched a new family of regulatory compliant bio-based resins for the composites industry.

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Growth Influencers:

Government Regulations to curb the carbon emissions

Governments across the world are focused on imposing restrictions and regulations to streamline the increasing gas emissions. For instance, in December 2018, the US Environmental Protection Agency (EPA) proposed new greenhouse gas emissions (GHG) regulations for modified and reconstructed power plants. The recommended rule would replace EPA 2015 carbon pollution standard for new power plants, which established New Performance Source Performance Standards (NSPS) to restrict the carbon dioxide emissions from fossil fuel-fueled power plants. Thus, such regulations promise the environmental sustainability and push the demand for bio-based epoxy resins, thus raising the growth rate of the market.

Increased Applications of Bio-based Epoxy Resins

The bio-based epoxy resins have many applications in several industries, including building industry. These resins are used as sealant covers, floor covers, building materials, and adhesives. Moreover, bio-based epoxy resins are used at a significant rate in the manufacturing industry for glass fiber materials, marine crafts, rainwater tanks, electrical circuit boards, and water repelling materials, among others. For instance, in March 2020, Bitrez Ltd, one of Europe foremost manufacturers of specialist polymers and 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 are Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) compliant. Such wide applications bio-based epoxy resins aid in the growth of the market during the forecast period.

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Segments Overview:

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

By Type,
Bio-based Carbon Content: 28-50%
Bio-based Carbon Content: 50%

The bio-based carbon content 28-50% segment is anticipated to hold the largest market share. The bio-based carbon content: 50% is estimated to be the fastest growing segment during the forecast period and is anticipated to grow at a CAGR of 4.8%.

By Ingredient,
Glycerol
Hemp
Vegetable
Plant Oil
Soybean Oil
Linseed Oil
Canola Oil
Karanja Oil
Others

The plant oil segment seized the largest market share of more than 35%. The vegetable segment held a CAGR of 4.7% and is expected to grow significantly over the forecast period owing to the increasing use of this ingredient in bio-based epoxy resins. Based on plant oil, the canola oil market volume is estimated to cross 1,102.9 tons by 2027.

By Form,
Liquid & Solution
Solid

The liquid & solution segment is anticipated to grow at the largest share owing to the rising demand of this design in the bio-based epoxy resins market.

By Application,
Diglycidyl Ethers of Isosorbide (DGEI)
Epoxidized Cardanol (Coatings)
Epoxidized Linseed Oil
Furan diepoxy of 2,5-bis (hydroxymethyl)-furan (BHMF)
Liquid epoxidized natural rubber (LENR)
Terpene-maleic estertype epoxy (TME)

The Diglycidyl Ethers of Isosorbide (DGEI) segment is anticipated to hold the largest market share owing to the rising applications of DGEI, whereas the Epoxidized Cardanol (Coatings) is likely to grow at the fastest growth rate over the forecast period. The BHMF segment volume is projected to hit 700 tons by 2027.

By End-User
Aerospace
Building & Construction
Consumer Goods (Market Volume Size will cross 10,000 tons in 2026)
Electrical & Electronics
Marine
Wind Power
Others

The electrical and electronics sub-segment held a market share of nearly 11% owing to the rise in the usage and reliance of bio-based epoxy resins in several electronics appliances across the world. The consumer goods segment volume is anticipated to cross 10,000 tons in 2026.

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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 infrastructure and manufacturing capabilities in countries, such as US and Canada. Furthermore, Asia Pacific is one of the regions expected to hold the fastest rowing rate of 5.1% owing to the increasing applications and usage of bio-based epoxy resins in countries, such as Japan, India, and China.
The European region is anticipated to grow substantially owing to the rising awareness and increasing demand. The Latin American region is also anticipated to grow at a considerable rate.

The global bio-based epoxy resins market report provides insights on the below pointers:

Market Penetration: Provides comprehensive information on the market offered by the prominent players

Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets

Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments

Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Bio-Based Epoxy Resins market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.

Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

Pricing Analysis: Pricing analysis of various metals and other components used in the manufacturing of bio-based epoxy resins

Manufacturing Cost Analysis: Cost-share of various components in bio-based epoxy resins, cost analysis of bio-based epoxy resins

The global Bio-Based Epoxy Resins market report answers questions such as:

  • What is the market size and forecast of the global bio-based epoxy resins market?
  • What are the inhibiting factors and impact of COVID-19 on the global bio-based epoxy resins market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the global bio-based epoxy resins market?
  • What is the competitive strategic window for opportunities in the global bio-based epoxy resins market?
  • What are the technology trends and regulatory frameworks in the global bio-based epoxy resins market?
  • What is the market share of the leading players in the global bio-based epoxy resins market?
  • What modes and strategic moves are considered favorable for entering the global bio-based epoxy resins market?

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Report Components

Market Synopsis: This section encapsulates the present market scenario and outlines the industry’s scope. It includes a comprehensive analysis of key segments such as product types, applications, and regions, with revenue and sales forecasts provided as part of this overview.

Competitive Landscape: Illuminating the market’s competitive terrain, this section presents an in-depth analysis of manufacturers, offering insights into individual players’ revenue and sales figures. Additionally, it encompasses noteworthy details on mergers, acquisitions, and industry investments.

Regional Analysis: Providing an overview of market revenue, sales, and shares across major regions and sub-regions, this segment also explores the pricing structure, sales growth rate, and other crucial estimations.

Company Profiles: This section provides strategic business insights about key firms operating within the market landscape. It covers product specifications, revenue shares, and portfolios of these major companies.

The Analysis Objectives of the Report are:

To determine the size of the Market by identifying its sub-segments.

To research the key players and analyze their growth strategies.

To assess the size and value of the Market based on key regions.

To analyze the Market in terms of growth trends, potential, and participation in the overall sector.

To investigate the Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.

Primary Market manufacturers to specify, clarify, and analyze the product sales volume, value, market share, market rivalry landscape, SWOT analysis, and future development plans.

To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.

What is new in 2024?

– Major developments that can change the business landscape as well as market forecasts.

– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

– Coverage of new market players and change in the market share of existing players of the market.

– Updated financial information and product portfolios of players operating in the market.

– Updated market developments of the profiled players.

– Any new data points/analysis (frameworks) which was not present in the previous version of the report

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