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report thumbnailU.S. Natural (Bio-Based) Resin Market

U.S. Natural (Bio-Based) Resin Market 2024-2032 Trends: Unveiling Growth Opportunities and Competitor Dynamics

U.S. Natural (Bio-Based) Resin Market by Type (Starch Blends, Polylactic Acid (PLA), by Application (Packaging, Textiles, Automotive & Transportation, Consumer Goods, Agriculture & Horticulture, Others), by Forecast 2024-2032

Oct 7 2024
Base Year: 2023
120 Pages
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U.S. Natural (Bio-Based) Resin Market 2024-2032 Trends: Unveiling Growth Opportunities and Competitor Dynamics

Key Insights

The U.S. Natural (Bio-Based) Resin Market size was valued at USD 1.05 USD Billion in 2023 and is projected to reach USD 2.13 USD Billion by 2032, exhibiting a CAGR of 10.6 % during the forecast period. The US Natural (Bio-Based) Resin Market, on the contrary, includes the manufacture and circulation of regenerative resins formed from natural sources, thus providing a more dependable solution that doesn’t depend on petroleum. These resins are used in a wide industrial spectrum for so many applications such as biomaterial contact. In addition, bio-based coatings, adhesives, and composites are industries that benefit from them. Forest trends like customers' growing appetite for sustainable wares, are what inspire innovations and prompt investments in bio-based plastic technology. Regulatory measures that promote a bio-based element of the material become the trend of the market. With sustainability increasingly being viewed as a top priority by businesses and consumers, so is the US natural resin market succeeding in terms of real growth in response to the growing demand for eco-friendly varnish.

U.S. Natural (Bio-Based) Resin Market Research Report - Market Size, Growth & Forecast

U.S. Natural (Bio-Based) Resin Trends

  • Growing awareness about the environmental impact of traditional plastics
  • Rise in consumer preference for eco-friendly products
  • Government initiatives and regulations promoting the use of bio-based materials

Driving Forces: What's Propelling the U.S. Natural (Bio-Based) Resin Market

  • Stringent environmental regulations
  • Growing awareness about the harmful effects of traditional plastics
  • Government incentives and subsidies
  • Technological advancements in bio-based resin production

Challenges and Restraints in U.S. Natural (Bio-Based) Resin Market

  • High production costs compared to conventional plastics
  • Lack of availability of feedstock
  • Challenges in meeting the performance requirements of traditional plastics

Emerging Trends in U.S. Natural (Bio-Based) Resin

  • Development of new bio-based feedstocks, such as algae and wood pulp
  • Advancements in resin modification techniques
  • Increasing use of bio-based resins in various industries

Growth Catalysts in U.S. Natural (Bio-Based) Resin Industry

U.S. Natural (Bio-Based) Resin Market Growth
  • Government support and incentives
  • Rising consumer demand for sustainable products
  • Innovations in bio-based resin production technology

Market Segmentation: U.S. Natural (Bio-Based) Resin Analysis

Type:

  • Starch Blends
  • Polylactic Acid (PLA)

Application:

  • Packaging
  • Textiles
  • Automotive & Transportation
  • Consumer Goods
  • Agriculture & Horticulture
  • Others

Leading Players in the U.S. Natural (Bio-Based) Resin Market

  • Danimer Scientific 
  • NatureWorks LLC 
  • Entropy Resins
  • Polyvel Inc
  • SABIC
  • BASF
  • Braskem
  • Arkema

Significant developments in U.S. Natural (Bio-Based) Resin Sector

  • September 2023: BASF expanded its portfolio of bio-based monomers by launching 2-Octyl Acrylate (2-OA).
  • September 2021: Danimer Scientific, Inc. received a grant of USD 400,000 from the United Soybean Board.
  • August 2021: Danimer Scientific, Inc. acquired Novomer, Inc., a leader in PHA-based resin technology.

Comprehensive Coverage U.S. Natural (Bio-Based) Resin Market Report

  • Market size and forecast
  • Market trends and drivers
  • Industry challenges and restraints
  • Emerging trends and growth catalysts
  • Market segmentation and competitive landscape
  • Company profiles and market shares
  • Detailed analysis of industry developments

Regional Insight

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Consumer Side Analysis

  • Consumer preferences and trends
  • Consumer behavior and decision-making process
  • Consumer segmentation and targeting

Demand Side Analysis

  • Market demand drivers and restraints
  • Demand forecasts and projections
  • Demand-supply dynamics

Import And Export Analysis

  • Import and export trends
  • Major import and export countries
  • Export potential and opportunities

Pricing Strategies

  • Pricing models and strategies
  • Factors influencing pricing
  • Price trends and forecasts

Segmentation

  • Market segmentation by type (Polylactic Acid (pla), application, and region
  • Market share analysis by segment
  • Growth opportunities in specific segments

U.S. Natural (Bio-Based) Resin Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 10.6 % % from 2018-2032
Segmentation
    • By Type
      • Starch Blends
      • Polylactic Acid (PLA
    • By Application
      • Packaging
      • Textiles
      • Automotive & Transportation
      • Consumer Goods
      • Agriculture & Horticulture
      • Others
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Stringent Regulations Put Forth by Government to Drive Market Growth
      • 3.3. Market Restrains
        • 3.3.1. High Manufacturing Cost to Hinder Market Growth
      • 3.4. Market Trends
        • 3.4.1. Increasing Adoption of Polylactic Acid in Medical Applications to Emerge as Prominent Market Trend
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. U.S. Natural (Bio-Based) Resin Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Starch Blends
      • 5.1.2. Polylactic Acid (PLA
    • 5.2. Market Analysis, Insights and Forecast - by Application
      • 5.2.1. Packaging
      • 5.2.2. Textiles
      • 5.2.3. Automotive & Transportation
      • 5.2.4. Consumer Goods
      • 5.2.5. Agriculture & Horticulture
      • 5.2.6. Others
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1.
  6. 6. Northeast U.S. Natural (Bio-Based) Resin Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Type
        • 6.1.1 Starch Blends
        • 6.1.2 Polylactic Acid (PLA
      • 6.2. Market Analysis, Insights and Forecast - By Application
        • 6.2.1 Packaging
        • 6.2.2 Textiles
        • 6.2.3 Automotive & Transportation
        • 6.2.4 Consumer Goods
        • 6.2.5 Agriculture & Horticulture
        • 6.2.6 and Others
  7. 7. Southeast U.S. Natural (Bio-Based) Resin Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Type
        • 7.1.1 Starch Blends
        • 7.1.2 Polylactic Acid (PLA
      • 7.2. Market Analysis, Insights and Forecast - By Application
        • 7.2.1 Packaging
        • 7.2.2 Textiles
        • 7.2.3 Automotive & Transportation
        • 7.2.4 Consumer Goods
        • 7.2.5 Agriculture & Horticulture
        • 7.2.6 and Others
  8. 8. Midwest U.S. Natural (Bio-Based) Resin Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Type
        • 8.1.1 Starch Blends
        • 8.1.2 Polylactic Acid (PLA
      • 8.2. Market Analysis, Insights and Forecast - By Application
        • 8.2.1 Packaging
        • 8.2.2 Textiles
        • 8.2.3 Automotive & Transportation
        • 8.2.4 Consumer Goods
        • 8.2.5 Agriculture & Horticulture
        • 8.2.6 and Others
  9. 9. Southwest U.S. Natural (Bio-Based) Resin Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Type
        • 9.1.1 Starch Blends
        • 9.1.2 Polylactic Acid (PLA
      • 9.2. Market Analysis, Insights and Forecast - By Application
        • 9.2.1 Packaging
        • 9.2.2 Textiles
        • 9.2.3 Automotive & Transportation
        • 9.2.4 Consumer Goods
        • 9.2.5 Agriculture & Horticulture
        • 9.2.6 and Others
  10. 10. West U.S. Natural (Bio-Based) Resin Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Type
        • 10.1.1 Starch Blends
        • 10.1.2 Polylactic Acid (PLA
      • 10.2. Market Analysis, Insights and Forecast - By Application
        • 10.2.1 Packaging
        • 10.2.2 Textiles
        • 10.2.3 Automotive & Transportation
        • 10.2.4 Consumer Goods
        • 10.2.5 Agriculture & Horticulture
        • 10.2.6 and Others
  11. 11. Competitive Analysis
    • 11.1. Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 Danimer Scientific (U.S.)
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 NatureWorks LLC (U.S.)
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Entropy Resins (U.S.)
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Polyvel Inc. (U.S.)
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 SABIC (Saudi Arabia)
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 BASF (Germany)
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 Braskem (Brazil)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 Arkema (France)
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: U.S. Natural (Bio-Based) Resin Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
  2. Figure 2: U.S. Natural (Bio-Based) Resin Market Value Share (%), by Type 2023 & 2031
  3. Figure 3: U.S. Natural (Bio-Based) Resin Market Value Share (%), by Application 2023 & 2031
  4. Figure 4: U.S. Natural (Bio-Based) Resin Market Share (%) by Company 2023
List of Tables
  1. Table 1: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Type 2018 & 2031
  2. Table 2: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Type 2018 & 2031
  3. Table 3: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Application 2018 & 2031
  4. Table 4: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Application 2018 & 2031
  5. Table 5: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Region 2018 & 2031
  6. Table 6: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Region 2018 & 2031
  7. Table 7: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Type 2018 & 2031
  8. Table 8: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Type 2018 & 2031
  9. Table 9: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Application 2018 & 2031
  10. Table 10: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Application 2018 & 2031
  11. Table 11: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Region 2018 & 2031
  12. Table 12: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Region 2018 & 2031
  13. Table 13: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Type 2018 & 2031
  14. Table 14: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Type 2018 & 2031
  15. Table 15: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Application 2018 & 2031
  16. Table 16: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Application 2018 & 2031
  17. Table 17: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Country 2018 & 2031
  18. Table 18: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Country 2018 & 2031
  19. Table 19: Northeast U.S. Natural (Bio-Based) Resin Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  20. Table 20: Northeast U.S. Natural (Bio-Based) Resin Market Volume (K Tons) Forecast, by Application 2018 & 2031
  21. Table 21: Southeast U.S. Natural (Bio-Based) Resin Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  22. Table 22: Southeast U.S. Natural (Bio-Based) Resin Market Volume (K Tons) Forecast, by Application 2018 & 2031
  23. Table 23: Midwest U.S. Natural (Bio-Based) Resin Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  24. Table 24: Midwest U.S. Natural (Bio-Based) Resin Market Volume (K Tons) Forecast, by Application 2018 & 2031
  25. Table 25: Southwest U.S. Natural (Bio-Based) Resin Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  26. Table 26: Southwest U.S. Natural (Bio-Based) Resin Market Volume (K Tons) Forecast, by Application 2018 & 2031
  27. Table 27: West U.S. Natural (Bio-Based) Resin Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  28. Table 28: West U.S. Natural (Bio-Based) Resin Market Volume (K Tons) Forecast, by Application 2018 & 2031
  29. Table 29: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Type 2018 & 2031
  30. Table 30: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Type 2018 & 2031
  31. Table 31: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Application 2018 & 2031
  32. Table 32: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Application 2018 & 2031
  33. Table 33: U.S. Natural (Bio-Based) Resin Market Revenue USD Billion Forecast, by Country 2018 & 2031
  34. Table 34: U.S. Natural (Bio-Based) Resin Market Volume K Tons Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 10.6 % % from 2018-2032
Segmentation
    • By Type
      • Starch Blends
      • Polylactic Acid (PLA
    • By Application
      • Packaging
      • Textiles
      • Automotive & Transportation
      • Consumer Goods
      • Agriculture & Horticulture
      • Others
  • By Geography

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
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STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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