Bio-based resins are the first hot melt adhesives made from renewable sources. The bio-based resins industry is a nascent industry. The bio-based resins have wide applications in building materials, bio-degradable plastics industry, packaging, automotive, household and consumer-able goods, food-services, pharmaceutical/medical, agriculture etc. They are also used in making progressive inroads in the leisure or fiber industry, marine and transportation industry.
The largest consumable industry of bio-based resins so far has been the packaging industry. In Europe the packaging industry is slated to grow from 14% in 2013 to nearly 40% by the year 2020. The automotive and transportation company is expected to grow.
The need for biodegradable plastics and resins has been on the rise since the mid 1970’s. The high cost of petroleum was the deciding factor to find an alternative material. Recently with growing emissions and emphasis on carbon credits the shift to bio-based resins is gaining all the more precedence. Although manufacturers are more hesitant due to high costs soy based resins, other bio-based resins, processing costs, etc. the market for bio-based resins is slowing but steadily gaining recognition and growth. The success of this industry mainly depends on industrial performance and pricing.
The United States of America has been the leading producers of bio-based resins for the longest time due to the production of soy and corn crops. Other resin based raw components are made from flax, hemp, wood, coconut fiber, jute etc.
The need for safe and sustainable products in household and consumerable goods, the inherent characteristics of bio-based resins and supportive and eco-driven consumers are some of the key drivers for this sector.
The need for change in cost structure for bio-based products and raw materials is a major constraint. The need for more participation of key players in the resin industry will help in spreading awareness. Supply chain and production issues are also a concern.
Due to the non-toxicity of bio-based products, consumerable industries catering to baby care- play toys, furniture, stationary, sports and goods, paintings, adhesives, coatings have a wide scope.
This report profiles the future technological assessment for bio-based resins listing out the various opportunities where it could be used in the industry. The report discusses the Regulatory Frameworks of each region including its limitations. It lists the various organisations and programmes supporting the bio-based industry. The leading regions who have adopted this technology. Possible forecast industry wise and region- wise. Most recent developments in the field of Research & Development– In-house and Contract. It also profiles a competitive landscape regarding the latest joint ventures, collaborations etc.
Lastly, the report profiles the top-most players –suppliers, manufacturers and distributors contributing to the bio-based resin industry.
Companies profiled in the report are DuPont Tate and Lyle, Wageningen UR, Archer Daniels Midland, John Deere, Braskem, Metabolix, Cereplast, Dow Chemical, BASF, Cargill, NatureWorks, Ashland Performance Materials, Kemwerke, Nature Composites, etc.