The Asia Pacific Bio-Based Polymers Market would witness market growth of 7.4% CAGR during the forecast period (2019-2025). Due to favorable government practices, the abundance of raw materials and increased demand for bio-based polymers from the consumer goods section has made Asia Pacific region as the most lucrative region for Bio-based Polymers market growth.
Most of the investments in bio-based polymer and new capacity additions in the Asia Pacific region have been witnessed at their maximum since the last three years. Several variables that drive investment in the region include improved and better access to feedstock for the region and, most importantly, their favorable regulatory policies. Due to the complexities of cellulose acetate and epoxy value chain constructions, the reparations in different areas differ entirely. The region of Asia Pacific is expected to develop exponentially.
Bio-based materials are plant-based materials and biologically degradable. Likewise, bio-based polymers are obtained from plants like sugarcane, corn, vegetable oil, soybeans or cellulose, and others. These polymers are also called polymers of the next generation that are used to reduce the use of fossil fuels. The cellulose and starch used for textile, packaging construction and other applications were the initially invented bio-based polymers.
Based on Type, the market is segmented into Polyethylene, Polyamide, Polylactic Acid, Polyethylene Terephthalate, and Other Types. Based on Application, the market is segmented into Textile, Automotive, Industrial, Agriculture, Packaging and Other Applications. The report also covers geographical segmentation of Bio-Based Polymer market. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PTT Global Chemical Public Company Limited, Corbion NV, Mitsubishi Chemical Holdings Corporation, Toray Industries, Inc., Kuraray Co. Ltd., Teijin Limited, Covestro AG, Novamont S.p.A., BASF SE and Arkema S.A.
Scope of the Study
- Polylactic Acid
- Polyethylene Terephthalate
- Other Types
- Other Applications
- South Korea
- Rest of Asia Pacific
- PTT Global Chemical Public Company Limited
- Corbion NV
- Mitsubishi Chemical Holdings Corporation
- Toray Industries, Inc.
- Kuraray Co. Ltd.
- Teijin Limited
- Covestro AG
- Novamont S.p.A.
- BASF SE
- Arkema S.A.
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