29 May 2019, 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.
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.
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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.
Asia-Pacific region is predicted to hold major market
share in the biopolymer coatings market with massive growth in forecast period.
Countries such as India, China, Japan, South Korea, Indonesia and Singapore are
leading the Asia-Pacific market with strong economic growth in the region,
promotional marketing policies adopted to by leading industry players, and
significant investment by leading industry players considering potential growth
opportunities in the region. The key players in the biopolymer coatings market
are Meredian Holdings Group (MHG), Inc., Algae Biopolymers Co., Cargill, Inc.,
FMC Co., Solanyl Biopolymers, Inc., and Nature Works LLC
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