Global Biopolymer Coatings Market 2018-2022
About Biopolymer Coatings
Biopolymers are biodegradable polymers derived from renewable resources or living organisms. They are used as a coating material because they are highly biodegradable, resistant to air and moisture, acts as a barrier oil and oxygen, antimicrobial, and recyclable.
Technavio’s analysts forecast the global biopolymer coatings market to grow at a CAGR of 6.40% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global biopolymer coatings market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of biopolymer coatings.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Biopolymer Coatings Market 2018-2022
Technavio recognizes the following companies as the key players in the global biopolymer coatings market: AkzoNobel, Arkema, BASF, Cargill, NatureWorks, and Novamont.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the potential use of biopolymers based nanocomposites. Manufacturers are focusing on the development of modified biopolymers with nanocomposites, which find potential usage in biomedical applications, food and beverage packaging, interiors, automotive industry and pharmaceuticals. The smaller size of nano-sized materials differentiates its properties from bulk materials. The application of bio-nanocomposites in coating materials enhances features such as barrier properties, moisture resistivity, mechanical properties, and thermal stability of paper packaging or food packaging materials.”
According to the report, one of the major drivers for this market is increasing demand for bio-based and eco-friendly polymers. Consumers are increasingly looking for sustainable and eco-friendly products due to the rising awareness about the negative effect on health and environment of the varied products they purchase. This is motivating researchers to develop bio-based polymers for coatings used in various commercial purposes. The adoption of biopolymer coatings is increasing in developed nations due to the growing emphasis on regulations that monitor the impact of these products on the environment. As a result, the adoption of bio PU, bio polyamide, polylactic acid, bio-PBS, and cellulose esters is increasing.
AkzoNobel, Arkema, BASF, Cargill, NatureWorks, and Novamont.
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