Bio-Based Resin Market Revenue, Growth, Developments, Size, Share and Forecast 2029 maximizemarketresearch.com
Increasing demand from sectors such as aerospace, wind energy, packaging, and paints, and coatings is the primary growth driver for the bio-based resin market. In addition, government regulations on synthetic resins favor market growth. Penetration of bio-based resin upcoming application will create an opportunity for the market. The robust growth of the construction industry is fueling the demand for paints and coatings thereby demanding bio-based resin. Bio-based resin demand will be propelled by the aerospace industryβs demand for epoxy resins as raw materials for manufacturing aircraft. However, the high production cost of bio-resin acts as a restraining factor for market growth.
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