The
global biopolymer
coating market is subject to witness a substantial growth due to the
numerous benefits over traditional coating such as epoxy, fiberglass, and
paints. Growing use of biopolymer coatings in green packaging along with
favorable government laws & regulations are expected to boost market
expansion over the next seven years. Globally, the market is predicted to
generate massive revenue over next seven years, providing numerous
opportunities for market players to invest for research and development in the
biopolymer coatings market.
Biopolymer
coatings are vital for production of various household products, detergents,
personal care, and paints & coatings. Increasing adoption of biopolymer
coatings in food & beverages industry, building & construction industry
and pharmaceuticals as stabilizing agents, thickeners, film formation agent are
anticipated to fuel the growth of the market over the forecast period. In
addition, biopolymer coatings market offer additional advantages such as high
standards of corrosion protection, waterproofing, and chemical & structural
enhancement. These factors are expected to drive the growth of the market over
the forecast period.
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Furthermore,
biopolymer coatings tends to exhibit advanced set of characteristics in spray
applications such as higher mechanical, thermal, and chemical resistance, short
curing and setting time. Higher durability associated with biopolymer coatings
in comparison with its synthetic substitutes is anticipated to foster market
growth over the next seven years. The raw materials required to manufacture
agro-polymers and biomass. Use of biopolymer coatings offer advantages such as
lower toxicity levels, lower cost and higher operational efficiency.
The
market is broadly categorized into six major segments based on the application
type such as paper packaging industry, food & beverages industry,
automotive sector, construction industry, textile sector and healthcare
equipment sector. The paper packaging is considered as one of the fastest
growing segment in the biopolymer coating market with substantial revenue
generation in the last few years.
The
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in the implementation of latest technologies in paint & coating
sector, favorable governmental laws & regulation, higher awareness level
regarding organic coatings & its advantages, increase in the number of
research & development activities in the region and existence of well-established
infrastructure.
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Market Segment:
The major manufacturers covered in this
report
•
Algae Biopolymers
•
Cargill
•
Solanyl Biopolymers
•
FMC
•
Nature Works LLC
•
Dow Chemical Company
•
BASF
•
DIC Corporation
Geographically, this report studies the
top producers and consumers, focuses on product capacity, production, value,
market share and growth opportunity in these key regions, covering
•
North America
•
Europe
•
China
•
Japan
•
Other Regions (India, Southeast Asia, Central & South America and Middle
East & Africa)
The regional scope of the study is as
follows:
•
North America
•
United States
•
Canada
•
Mexico
•
Asia-Pacific
•
China
•
India
•
Japan
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