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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.
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.
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.