- Rising awareness about the hazardous effects of volatile organic compounds (VOCs) has led to a shift toward greener coating solutions, thus increasing the demand for the bio-emulsion polymers market
- The global bio-emulsion polymers market is extrapolated to expand at a CAGR of 7 percent through the forecast period of 2020-2030
ALBANY, N.Y, Sept. 14, 2020 /PRNewswire/ -- The depletion of petroleum resources is the prominent reason why bio-emulsion polymers are garnering considerable momentum. Petroleum resources are a dominant feedstock in polymer production. As these resources are exhausting at a rapid rate, the demand for bio-emulsion polymers is rising eventually. Therefore, the bio-emulsion polymers market is stated to observe substantial growth based on this factor.
The analysts at Transparency Market Research (TMR) predict the global bio-emulsion polymers market to expand at a CAGR of 7 percent during the assessment period of 2020-2030. The global bio-emulsion polymers market is prognosticated to reach US$ 2 bn valuation by the end of 2030.
Sustainability is proving to be a major advantage for the increase in the revenue of the bio-emulsion polymers market. The high demand for bio-emulsion polymers in food packaging and healthcare applications is inviting immense growth prospects for the bio-emulsion polymers market.
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Bio-Emulsion Polymers Market: Analysts' Opinion
The TMR analysts advise the manufacturers in the bio-emulsion polymers market to innovate in functional and self-healing coatings to overcome the limitations of styrene substitution. Hazardous petro-based acrylates and substituting styrene from bio-based polymers is challenging for the manufacturers.
The issues related to the lifecycle assessment of latex products and emulsion polymerization should be addressed by the manufacturers in the bio-emulsion polymers market according to the TMR analysts. The analysts also shed light on the loss incurred due to the COVID-19 outbreak. This postponement can have a negative effect on the growth of the bio-emulsion polymers market.
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Bio-Emulsion Polymers Market: Major Findings
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Bio-Emulsion Polymers Market: Growth Propellers
The paints and coating industry is developing at a rapid rate, thus bringing extensive demand for the bio-emulsion polymers market. The improvement in the standard of living and the rise in per capita income across the globe are inviting tremendous growth prospects for the paintings and coatings industry, eventually benefitting the bio-emulsion polymers market.
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Bio-Emulsion Polymers Market: Competitive Analysis
The bio-emulsion polymers market can be categorized as highly consolidated. Renowned players in the bio-emulsion polymers market are always involved in creating formulations that prove beneficial for the end-user. The manufacturers in the bio-emulsion polymers market re also involved in activities like mergers, acquisitions, joint ventures, collaborations, and partnerships that invite good growth prospects.
Some well-entrenched players in the bio-emulsion polymers market are Itaconix Corporation, EcoSynthetix Inc., Lactips, Aqapak Polymers Ltd., and Plantic Technologies Ltd.
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Global Bio-Emulsion Polymers Market: Segmentation
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