Biopolymer Coatings Market by Product and Geography - Forecast and Analysis 2021-2025

The biopolymer coatings market share is expected to increase by USD 3.97 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.89%.

This biopolymer coatings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers biopolymer coatings market segmentation by product (nitrocellulose, cellulose esters, starch, natural wax, and others) and geography (Europe, North America, APAC, MEA, and South America). The biopolymer coatings market report also offers information on several market vendors, including Akzo Nobel NV, Arkema SA, BASF SE, Cargill Inc., Covestro AG, Croda International Plc, Evonik Industries AG, Koninklijke DSM NV, Mitsubishi Chemical Holdings Corp., and Novamont SpA among others.

What will the Biopolymer Coatings Market Size be During the Forecast Period?

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Biopolymer Coatings Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing demand for bio-based and eco-friendly polymers is notably driving the biopolymer coatings market growth, although factors such as drawbacks of biopolymers -based coatings may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the biopolymer coatings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Biopolymer Coatings Market Driver

The growing demand for bio-based and eco-friendly polymers is one of the key factors driving the growth of the global biopolymer coatings market. The growing demand for eco-friendly, sustainable products by consumers drives the global biopolymers coating market. Many research efforts have found a significant level of commercial uses of bio-based polymers for coatings. There is an increasing awareness among consumers about the negative health and environmental effect of the products they purchase. Also, the regulations that check and monitor the impact of products on the environment are driving the biopolymers coating market in developed regions. The US and the European Union (EU) set the corporate average fuel economy standards for CO2 emission limits, which pressurize the automobile sector to manufacture lightweight vehicles to control the emissions. This type of standard not only facilitates better environmental protection but also fosters the demand for compounds like bio PU, bio polyamide, polylactic acid, bio-PBS, and cellulose esters. The increasing demand for bio-based recyclable and renewable coating materials in the US and Europe is also driving the market for bio-based products.

Key Biopolymer Coatings Market Trend

The sustainable packaging solutions will fuel the global biopolymer coatings market growth. Multinational companies like Coca-Cola, Procter & Gamble, Heinz, and Danone are increasingly looking for better options for the sustainable packaging of their products. The closures used in beverage bottles are usually made from biopolymer coatings, thereby providing an optimal solution for sustainable packaging. The industry refers to sustainable packaging as highly biodegradable food packaging, which is an alternative to plastic, paper, and styrofoam. However, a few supermarkets, such as Whole Foods and Trader Joe's, use biodegradable and compostable containers on a regular basis. The acquisition of Plantic by Kuraray in the bio-based barrier materials business allows the company to respond to the increasing global demand for bio-based food packaging materials. This is used in various prominent sectors like food, personal care, and pharmaceutical and can be modified to be applied in thermoforming, blow molding, injection molding, and rigid and flexible packaging. These initiatives indicate the increasing awareness of the need for sustainable packaging.

Key Biopolymer Coatings Market Challenge

The drawbacks of biopolymers-based coatings are a major challenge for the global biopolymer coatings market growth. Although biopolymers are widely used for coatings in various end-use industries and applications, they have also been known to have certain disadvantages. For instance, cellulose esters have low dimensional stability, low ultraviolet resistivity, low chemical resistivity, and high moisture absorption rate. Also, the low flame resistivity of cellulose ester coatings is restraining uses in automotive, furniture coatings, and textiles. Similarly, bio-based polylactic acid is one of the widely used biopolymers in coatings for various applications, including food packaging and general packaging is known to have some cons such as poor impact strength, low thermal degradation temperature, poor water resistivity, and highly brittle nature. Biopolymers such as soy protein and corn zein protein possess low mechanical properties and are water sensitive. Starch, being considered one of the safest coating materials for food packaging, is facing challenges due to its high brittleness, low water resistivity, and deterioration of mechanical properties on exposures such as humidity and microbial attack. These low mechanical and chemical properties of different biopolymers are limiting their uses in various applications.

This biopolymer coatings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global biopolymer coatings market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the biopolymer coatings market during the forecast period.

Who are the Major Biopolymer Coatings Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Akzo Nobel NV
• Arkema SA
• BASF SE
• Cargill Inc.
• Covestro AG
• Croda International Plc
• Evonik Industries AG
• Koninklijke DSM NV
• Mitsubishi Chemical Holdings Corp.
• Novamont SpA

 

This statistical study of the biopolymer coatings market encompasses successful business strategies deployed by the key vendors. The biopolymer coatings market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Akzo Nobel NV - The company offers biopolymer coatings for various applications including automotive and specialty coatings, industrial coatings, marine, protective, and yacht coatings.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The biopolymer coatings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Biopolymer Coatings Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the biopolymer coatings market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global specialty chemicals market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Biopolymer Coatings Market?

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33% of the market’s growth will originate from Europe during the forecast period. Germany and UK are the key markets for biopolymer coatings market in Europe. Market growth in this region will be slower than the growth of the market in regions.

The growing demand for bio-based and eco-friendly polymers will facilitate the biopolymer coatings market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 across Europe has forced automotive manufacturers to close units or halt production. Automotive production losses in the EU from factory shutdowns increased to a loss of 1.23 million vehicles in production cycles, with more than 1.11 million workers being affected. The lockdown declared across many European countries has led to a halt in sales and services in the automotive sector. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating Product Segments in the Biopolymer Coatings Market?

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The biopolymer coatings market share growth in the nitrocellulose segment will be significant during the forecast period. Nitrocellulose is increasingly used in wood surface coating or wood finishing, owing to its rapid drying, good clarity, and smooth filming properties. Its use in coatings is low when compared to other materials, owing to its highly flammable nature and environmental concerns. This factor is expected to drive the growth of the market for nitrocellulose during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the biopolymer coatings market size and actionable market insights on post COVID-19 impact on each segment.

 

Biopolymer Coatings Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 6.89%
Market growth 2021-2025	$ 3.97 billion
Market structure	Fragmented
YoY growth (%)	5.87
Regional analysis	Europe, North America, APAC, MEA, and South America
Performing market contribution	Europe at 33%
Key consumer countries	US, Germany, UK, China, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Akzo Nobel NV, Arkema SA, BASF SE, Cargill Inc., Covestro AG, Croda International Plc, Evonik Industries AG, Koninklijke DSM NV, Mitsubishi Chemical Holdings Corp., and Novamont SpA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Biopolymer Coatings Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive biopolymer coatings market growth during the next five years
• Precise estimation of the biopolymer coatings market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the biopolymer coatings industry across Europe, North America, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of biopolymer coatings market vendors

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