Bio-Based Epoxy Resins Market | Global Industry Report, 2030
Epoxy resins are chemical substances used as thermosetting polymers in the manufacture of coatings, adhesives and water repellent materials. Although traditionally they have been derived from fossil fuels, biological epoxy resins derived from vegetable sources are gaining a foothold owing to a reduced greenhouse gas emissions and a reduced risk from fossil fuel products to consumers. The products derived from epoxy resins are used as parts of machines, paints, coatings and as stand-alone adhesive solutions.
This is set to drive the global bio-based epoxy resins market on an upward growth trajectory over the period of 2020 to 2030, notes Transparency market Research in its upcoming report. It also states that the growth rate would be sturdy and a whole new set of opportunities will emerge in the vendor landscape.