Research Overview

This study quantifies the consumption of bio-based raw materials used in coatings, adhesives and sealant and focuses on analyzing the impact of regulatory trends, end industry trends especially in decorative, furniture and packaging. The study focusses on understanding which constituents in coatings and A&S are experiencing a shift towards bio-based materials over petroleum counterparts. The study analyzes the key drivers, restraints, value chain trends, pricing trends, application trends and regional trends within the bio-based materials market. The study presents a forecast for the seven year period, 2021-2027. It probes into two major segments: bio-based coatings and bio-based adhesives and sealants (A&S). Each of these segments are further divided into 4 key constituents resins, solvents, pigments and additives for coatings and resins, solvents, tackifers and additives for adhesives. Regional analysis, application segment analysis and coating and adhesive constituent analysis will be the other key aspects covered in the study. Accordingly, the study analyzes the bio-based materials market for four key regional segments namely Americas, Europe, APAC, and MEASA.

Over the past few years, the bio-based CAS market has been recording substantial growth due to the growing focus on sustainability among manufacturers, governments, and end consumers. Europe is at the forefront in terms of the adoption of bio-based raw materials across a wide range of applications; for example, the Dutch and the Swiss Governments encourage the production of bio-based materials through environmental labeling systems and public tenders for raw materials.

In addition, consumer preference for environmentally friendly and naturally sourced products is rising in several countries, including Germany, France, Italy, and Scandinavia. This is especially true in construction applications where indoor air quality concerns are on the rise; therefore, end consumers are switching to healthier and cleaner CAS products.