Bio based polymers market

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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

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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
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Bio Based Polymers Market Scope
By Product By End-Use By Region Report Attributes
PET PA PEF PE PUR PBAT PBS PHA PTT Epoxies Others Textile Automotive Films Coatings Electronics Industrial North America Europe Asia Pacific Latin America Middle East Africa Historic year 2015-2017 Base year 2018 Forecast Year 2018-2026 Revenue (USD Billion)
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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.




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