LONDON–(BUSINESS WIRE)–Dec 30, 2020–
Technavio estimates the global biopolymer coatings market to grow by USD 336.80 million, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Biopolymer Coatings Market 2020-2024 (Graphic: Business Wire)
The market is driven by the rising demand for bio-based polymers. However, the drawbacks of biopolymers in coatings might challenge growth.
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Biopolymer Coatings Market: Product Landscape
Based on the product, the market saw maximum growth in the nitrocellulose segment in 2019. The segment is driven by the extensive use of nitrocellulose as a film-forming agent owing to its rapid drying, good clarity, and smooth filming properties. The market growth in the segment will be significant over the forecast period.
Biopolymer Coatings Market: Geography Landscape
32% of the market’s growth originated from Europe in 2019. Factors such as the establishment of production facilities and the growth of the pharmaceutical, food and beverage, and automotive industries are driving the growth of the market in Europe.
Germany and UK are the key markets for biopolymer coatings in Europe. Market growth in this region will be slower than the growth of the market in other regions.
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Major Three Biopolymer Coatings Market Vendors:
Akzo Nobel NV
Akzo Nobel NV operates its business through segments such as Decorative Paints and Performance Coatings. Interpon 600 and Akucell are the key products offered by the company.
Arkema SA
Arkema SA operates its business through segments such as High Performance Materials, Industrial Specialties, and Coating Solutions. Key products offered by the company include Coapur, Rilsan, and PLEXIGLAS Rnew B522.
BASF SE
BASF SE operates its business through segments such as Agricultural Solutions and Other. The company offers a wide range of biopolymer coating products such as ecovio, Ultramid, Acronal, and Versamid PUR 1010.
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Related Reports onMaterialsInclude:
Global Biopolymers Market – Global biopolymers market is segmented by end-user (packaging and food services sector, agriculture and horticulture sector, consumer goods sector, automotive sector, and others), type (Bio-PET, PLA, PHA, Bio-PE, and others), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Emulsion Polymers Market – Global emulsion polymers market is segmented by application (paints and coatings, paper and paperboard coatings, adhesives, and others) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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CONTACT: Technavio Research
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Website: www.technavio.com/
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 12/30/2020 11:40 PM/DISC: 12/30/2020 11:40 PM
Copyright Business Wire 2020.
