Bio-based resins also known as thermosets are synthetic materials that comprise partially or completely of renewable raw materials and which can no longer be heated after a single hardening step. The expansion of bio-based resins comprises several approaches. It is possible to replace a large part of the traditional building blocks of a resin by identical building blocks based on biomass. The bio-based resins are used for the manufacturing of numerous products such as packaging materials, furniture, carpets, films, bottles, cups, and automotive parts. Bio-based resins are commonly used by the manufacturer to produce bottle caps, mineral water bottles, carbonated soft drink bottles, and dairy packaging.This growth is primarily driven by Increasing Consumer Interest toward Eco-Friendly Packaging Materials.
Globally, a noticeable market trend is evident Rising of Sustainable Manufacturing Process
. Major Vendors, such as DuPont Tate and Lyle (United States), Braskem (Brazil), Cereplast (United States), Cargill Nature Works (United States), DSM (Netherlands), Ashland Performance Materials (United States), Kemwerke (Philippines), Lingrove, LLC (United States), Renuvix LLC (United States) and Arkema (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On May 6, 2019 DuPont Tate & Lyle Bio Products, Corbion, INOLEX have collaborated with ACT Solutions to Create a Range of Personal Care Product Formulations Delivering High Performance and up to 100 Percent Bio-based Content.
- Increasing Consumer Interest toward Eco-Friendly Packaging Materials
- Rising of Sustainable Manufacturing Process
- Automotive Manufacturers Are Focusing On Bio-Based Resins
- Complex Processing of Bio-Based Resins
- Higher Price of Bio-Based Resins as Compared to Conventional Resins
Growing Infrastructure Development in Emerging Economies
Low Strength When Compare To Synthetic Composites and Fluctuation in the Prices of Crude Oil
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