The global Bio Based Functional Polymers market was valued at US$ 6201.7 million in 2020 and it is expected to reach US$ 11680 million by the end of 2027, growing at a CAGR of 9.4% during 2021-2027.
Bio based functional polymers are derived from agricultural feedstock such as corn and potatoes which reduces the dependency on petrochemical products. Initially bio based functional polymers were derived from agricultural feedstock but a recent breakthrough in biotechnology allows polymer derivation from bacterial fermentation, nucleic acids, polysaccharides and proteins.
Asia Pacific was the largest regional market in 2017 owing to growing industrialization in emerging countries such as China and India. Demand for natural polymers and favorable regulatory acts are expected to have a positive influence on this regional market. South America is also expected to witness significant growth owing to growth of industrialization in Brazil over the forecast period. Easy access to feedstock in both these regions is expected to act as a competitive advantage over other regional bio-based functional polymer markets. Europe and North America are expected to experience moderate market growth over the next six years.
Global Bio Based Functional Polymers Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Bio Based Functional Polymers Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Nature Works, Futerro, Bio-on, Kaneka, BASF, DowDuPont, Novamont, Ulbe, IRE Chemical, Meridian, Metabolix, Mitsubishi Gas Chemicals, Toyobo, Purac, Yikeman Shandong, Livan and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Polylactic acid (PLA)
- Polyhydroxyalkanoates (PHA)
- Polyethylene Terephthalate (PET)
- Polybutylene Succinate (PBS)
- Polypropylene (PP)
- Polyethylene (PE)
Segment by Application
Table of Content:
1 Bio Based Functional Polymers Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Bio Based Functional Polymers Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Bio Based Functional Polymers Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
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