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Global Bio-Based Epoxy Resins Market: Overview

Epoxy resins are chemical substances used as thermosetting polymers in the manufacture of coatings, adhesives and water repellent materials. Although traditionally they have been derived from fossil fuels, biological epoxy resins derived from vegetable sources are gaining a foothold owing to a reduced greenhouse gas emissions and a reduced risk from fossil fuel products to consumers. The products derived from epoxy resins are used as parts of machines, paints, coatings and as stand-alone adhesive solutions.

This is set to drive the global bio-based epoxy resins market on an upward growth trajectory over the period of 2020 to 2030, notes Transparency market Research in its upcoming report. It also states that the growth rate would be sturdy and a whole new set of opportunities will emerge in the vendor landscape. 

Global Bio-Based Epoxy Resins Market: Competitive Landscape

The bio-based epoxy resins market is an upcoming market with a fragmented vendor landscape. manufacture. Names of some of the key manufacturers present in the global bio-based epoxy resins market are:

  • ABT
  • Pond ApS
  • Sicomin
  • COOE
  • Nagase ChemteX Corporation
  • Spolchemie
  • ATL Composites
  • Change Climate
  • Wessex Resins
  • ALT Composites

The demand for epoxy resins is due to grow in the future. Hence, these manufacturers are expected to focus on better market penetration and outreach by acquisition and mergers which bring increased amounts of raw materials and new consumer-bases within reach to increase output of bio-based epoxy resins.

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Global Bio-Based Epoxy Resins Market: Key Trends and Drivers

  • Owing to growth in manufacturing, more industrial components are currently being produced in user-intensive industries like electronics, construction and automobiles, to name a few. As more efficiency and environmental sturdiness is demanded from machines in these sectors, bio-based epoxy resins become vital to ensure apt levels of safety of minor machine components. The water repellent and adhesive properties of epoxy resins make them useful for keeping machine parts working over long-term.
  • Bio-based epoxy resins find merit over fossil fuel derived resins owing to their lower VOC emissions, absence of an unpleasant smell, and a reduced dependence on fossil fuels for processing of the resin. This is why these are set to witness higher demand over the forecast period.
  • However, a major factor that can work against bio based epoxy resins is that they have less tensile strength and malleability than their fossil fuel derived counterparts. Hence, usage of these products might yet not find an increased acceptance in a world which is ready to accept sustainable materials, but not at the cost of efficiency and productiveness. Yet, research is on for high tensile-strength bio based epoxy resins and this would counteract the current restraint.

Global Bio-Based Epoxy Resins Market: Regional Analysis

North America and Europe are currently the dominant markets for bio-based epoxy resins and will continue to be so, as evident by the ban on the use of fossil fuel derived epoxy resins in the food packaging industry in Canada and France in recent years. This shift in demand away from fossil fuels should drive the growth curve for sustainable products upward in these regions. Moreover, a growing consumer electronics industry as seen by a rising user penetration at 22% in 2020 will further increase demand for bio based epoxy resins in these regions. The Asia Pacific region (APAC) is an upcoming market for bio-based epoxy resins owing to an upcoming electronics and communication market in these regions with cheap labor.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Biobased Epoxy Resins Market

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