VANCOUVER, BC, May 25, 2022 /PRNewswire/ The global biocomposites market size reached USD 24.40 Billion in 2021 and is expected to register a CAGR of 15.7% during the forecast period, according
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The global bio-based epoxy resins market expected to reach USD 117.0 million by 2027, according to the study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global bio-based epoxy resins industry is driven by strong government intent towards decreasing carbon footprint, abundant natural feedstock in the emerging nations, and innovations in the epoxy resin systems. Moreover, the growth outlook in various end-use industries also boosting the sales of bio-based epoxies.
The global bio-based epoxy resins industry is fragmented based on ingredient, application, and region. In terms of ingredient, the market for bio-based epoxy resins is segmented into vegetable, glycerol, canola, hemp, soya bean oil, plant oils, and others. The market segment is further divided into coatings, electronics, adhesives, food industry, composites, and others.