Global Bio-Sourced Polymers Market
Bio-Sourced Polymers Market
According To Verified Market Research, Global Bio-Sourced Polymers Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2019 to 2026.
Global Bio-Sourced Polymers Market Outlook
The factors such as rising environmental concerns, shortfall of oil, and lack of biodegradability have propelled the research and development activities of bio-sourced polymers as a substitute for petroleum sourced polymers. This, in turn, the bio-sourced ability to be used in place of petroleum-sourced polymers is expected to foster the growth of the market. Moreover, the benefits offered by bio-sourced polymers such as in the packaging industry as they improve water resistance and improve the processing as well as mechanical properties is expected to propel the market growth. Furthermore, the new developments in this market are also expected to drive the market positively. For instance, in May 2018, DuPont Industrial Biosciences and Archer Daniels Midland Co. have opened the worlds first bio-sourced furan dicarboxylic methyl ester pilot production facility. Nonetheless, the higher prices compared to petroleum-based polymers is expected to hamper the growth of the market.
Global Bio-Sourced Polymers Market Competitive Landscape
The Global Bio-Sourced Polymers Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Arkema, Novamont, Metabolix, MCPP, Dupont, Heritage Pioneer Corporate Group, Reverdia, NatureWorks, Bioamber, and Evonik Industries.
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