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In 2022, the global market for natural (bio-based) resin was valued at $5.30 billion, and it is expected to increase to a value of USD11.95 billion by 2030, registering a CAGR of 11.8% between 2023 and 2030.
The monomers in natural (bio-based) resins come solely or primarily from plants and other living organisms. These resins are better for the environment because they come from plants. Natural resins are mostly produced from soybean and corn by-products derived from bio-diesel modification. Sugar cane, potatoes, sugar beets, whey, lignocellulose, and algae are also used in their production. The development of bio-based polymers has opened the door for the commercialization of wholly bio-based, high-performance composites. The expansion of the market for natural (bio-based) resin can be attributed to several elements.
All or nearly all of the monomers in bio resins are derived from natural substances. Because they are made from plant-based components rather than Petrochemical-based ones, these resins are considered environmentally benign. Bio-diesel processing byproducts like corn and soybean meal are common plant materials used to make bio resins. During the projection period, the market's revenue growth is anticipated to be driven by innovations and increased demand for bio-based resins in the packaging industry and the automotive sector, particularly for interior products. In addition, rising demand for eco-friendly goods is anticipated to fuel market expansion via the elimination of pollution and packaging waste. Growing ecological and economic concerns, as well as instability connected to limited petrochemical feedstock, have led to a dramatic growth in the study and production of bio-based resins in recent years. Bio-based resins are a viable alternative to traditional petrochemical resins since they are produced using renewable agro-based, aquatic, and biomass resources in addition to plants. Many types of paints and coatings, such as lacquers, paints, and varnishes, make use of bio-based resins.
Innovations in packaging as well as growing customer interest in eco-friendly goods are anticipated to fuel the market's expansion. As concerns about the environment and the economy have grown, so too has interest in and production of bio-based resins. Bio-based resins are produced from renewable agro-based, aquatic, and biomass resources and can be used as a substitute for typical petrochemical resins. Paints and coatings are just two of the many uses for them.
The automotive sector is undergoing a sea change towards a greener future. Lighter, more aerodynamic car bodies, tyres with less rolling resistance, and novel approaches to sourcing materials are all being developed by designers and engineers in an effort to lower emissions and increase fuel economy. Mass production of sustainably sourced automotive components is expanding in the United States. These parts have smaller carbon footprints since they are made from eco-friendly materials like bio-based resin for the outside of vehicles. For the Elcomap project, funded by the United Kingdom, PES Performance, a design firm, produced a number of bio-derived components with the aim of fabricating automobile body panels using bio-based composites. An unexpected new substance, an epoxy resin with 30% cashew Nut oil, which is gaining favour as a precursor for making 'green' resins, has been used to make front and back panels for a Subaru and rear panels for a Porsche.
There is still a barrier to entry in the form of escalating cost premium acceptability, as the cost of manufacturing things using bio-based methods typically exceeds the cost of creating goods using petrochemical methods. Furthermore, they should function similarly to, if not better than, the petroleum-based resins they are meant to replace. In this particular scenario, there are not many compelling reasons to buy biomaterials, and customers are not yet prepared to pay more money on greener bio-based products.
Report Coverage
Global Natural (Bio-based) Resin research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Natural (Bio-based) Resin report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Natural (Bio-based) Resin competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Natural (Bio-based) Resin market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Natural (Bio-based) Resin market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Natural (Bio-based) Resin market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Arkema SA, Archer Daniels Midland Co., Ineos Group Ltd., BASF SE, Braskem SA, DuPont, Huntsman International LLC., Metabolix, Cereokast, UPC Technology Corporation, and Ecospan.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Natural (Bio-based) Resin market based on the below-mentioned segments:
Global Natural (Bio-based) Resin Market, By Type
Biodegradable Starch Blends
Bio-polyethylene Terephthalate
Polylactic Acid
Biodegradable Polyesters
Others
Global Natural (Bio-based) Resin market, By Application
Packaging
Automotive and Transportation
Electronics Manufacturing/Semiconductor
Building and Construction
Others
Global Natural (Bio-based) Resin market, Regional Analysis
The monomers in natural (bio-based) resins come solely or primarily from plants and other living organisms. These resins are better for the environment because they come from plants. Natural resins are mostly produced from soybean and corn by-products derived from bio-diesel modification. Sugar cane, potatoes, sugar beets, whey, lignocellulose, and algae are also used in their production. The development of bio-based polymers has opened the door for the commercialization of wholly bio-based, high-performance composites. The expansion of the market for natural (bio-based) resin can be attributed to several elements.
All or nearly all of the monomers in bio resins are derived from natural substances. Because they are made from plant-based components rather than Petrochemical-based ones, these resins are considered environmentally benign. Bio-diesel processing byproducts like corn and soybean meal are common plant materials used to make bio resins. During the projection period, the market's revenue growth is anticipated to be driven by innovations and increased demand for bio-based resins in the packaging industry and the automotive sector, particularly for interior products. In addition, rising demand for eco-friendly goods is anticipated to fuel market expansion via the elimination of pollution and packaging waste. Growing ecological and economic concerns, as well as instability connected to limited petrochemical feedstock, have led to a dramatic growth in the study and production of bio-based resins in recent years. Bio-based resins are a viable alternative to traditional petrochemical resins since they are produced using renewable agro-based, aquatic, and biomass resources in addition to plants. Many types of paints and coatings, such as lacquers, paints, and varnishes, make use of bio-based resins.
Innovations in packaging as well as growing customer interest in eco-friendly goods are anticipated to fuel the market's expansion. As concerns about the environment and the economy have grown, so too has interest in and production of bio-based resins. Bio-based resins are produced from renewable agro-based, aquatic, and biomass resources and can be used as a substitute for typical petrochemical resins. Paints and coatings are just two of the many uses for them.
The automotive sector is undergoing a sea change towards a greener future. Lighter, more aerodynamic car bodies, tyres with less rolling resistance, and novel approaches to sourcing materials are all being developed by designers and engineers in an effort to lower emissions and increase fuel economy. Mass production of sustainably sourced automotive components is expanding in the United States. These parts have smaller carbon footprints since they are made from eco-friendly materials like bio-based resin for the outside of vehicles. For the Elcomap project, funded by the United Kingdom, PES Performance, a design firm, produced a number of bio-derived components with the aim of fabricating automobile body panels using bio-based composites. An unexpected new substance, an epoxy resin with 30% cashew Nut oil, which is gaining favour as a precursor for making 'green' resins, has been used to make front and back panels for a Subaru and rear panels for a Porsche.
There is still a barrier to entry in the form of escalating cost premium acceptability, as the cost of manufacturing things using bio-based methods typically exceeds the cost of creating goods using petrochemical methods. Furthermore, they should function similarly to, if not better than, the petroleum-based resins they are meant to replace. In this particular scenario, there are not many compelling reasons to buy biomaterials, and customers are not yet prepared to pay more money on greener bio-based products.
Report Coverage
Global Natural (Bio-based) Resin research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Natural (Bio-based) Resin report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Natural (Bio-based) Resin competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Natural (Bio-based) Resin market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Arkema SA, Archer Daniels Midland Co., Ineos Group Ltd., BASF SE, Braskem SA, DuPont, Huntsman International LLC., Metabolix, Cereokast, UPC Technology Corporation, and Ecospan. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Natural (Bio-based) Resin Market from 2021 to 2030.
- Market Forecast for Natural (Bio-based) Resin Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Natural (Bio-based) Resin competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Natural (Bio-based) Resin
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Natural (Bio-based) Resin market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Natural (Bio-based) Resin market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Arkema SA, Archer Daniels Midland Co., Ineos Group Ltd., BASF SE, Braskem SA, DuPont, Huntsman International LLC., Metabolix, Cereokast, UPC Technology Corporation, and Ecospan.
Primary Target Market
- Market Players of Natural (Bio-based) Resin
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Natural (Bio-based) Resin market based on the below-mentioned segments:
Global Natural (Bio-based) Resin Market, By Type
Biodegradable Starch Blends
Bio-polyethylene Terephthalate
Polylactic Acid
Biodegradable Polyesters
Others
Global Natural (Bio-based) Resin market, By Application
Packaging
Automotive and Transportation
Electronics Manufacturing/Semiconductor
Building and Construction
Others
Global Natural (Bio-based) Resin market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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