Bio-Based Resins Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Plant Based Ice Creams Market grew at a CAGR of 7.9% between 2017-2021 and is estimated to be US$ 13,564.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 8.4% and is expected to reach a valuation of US$ 30,386.9Mn by 2032 end.
This report on the global bio-based resins market details recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic data, and Contact Data Bridge Industry Research for an Analyst Brief to learn more about the bio-based resins market. Our staff will assist you in making an informed choice to expand your market.
ChemView Consulting has analyzed that to become more environmentally friendly; the auto industry is evolving. To increase fuel efficiency and lower pollution and carbon footprint, designers and engineers are developing lighter, more aerodynamic car bodies, reduced rolling resistance tires, and creative methods of material procurement. The mass manufacture of sustainably sourced auto parts, which have smaller carbon footprints and are made with materials like bio-based resin for body panels, tires, seat fillers, and under-bonnet components, is booming in the United States.
The biggest revenue share was accounted for by bio-polyethylene terephthalate. Due to the global demand for environmentally friendly packaging and many suppliers switching to this alternative, the packaging industry is concentrating on bio-based polyethylene packaging.
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Segments Covered in Report
- Biodegradable Starch Blends
- Bio-polyethylene Terephthalate
- Polylactic Acid
- Biodegradable Polyesters
- Automotive and Transportation
- Electronics Manufacturing/Semiconductor
- Building and Construction
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Bio-Based Resins Market
- Based on the product type, the biggest revenue share was accounted for by bio-polyethylene terephthalate. Due to the global demand for environmentally friendly packaging and many suppliers switching to this alternative, the packaging industry is concentrating on bio-based polyethylene packaging.
- Based on the region, with a 35.4% market share, the North American market had the greatest revenue share in the global market due to growing collaborations between significant businesses and governmental organizations over resin manufacturing practices. Another important element influencing market growth is the existence of prominent industry players in this area.
Key companies covered in the market study are Arkema SA, Archer Daniels Midland Co., Ineos Group Ltd., BASF SE, Braskem SA, DuPont, Huntsman International LLC., Metabolix, Cereokast, UPC Technology Corporation, Ecospan.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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- Full-time research experts and subject matter experts
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