Description
The Bio-Polymers Market In APAC has been estimated at USD XX. XX billion in 2015 and is projected to reach USD XX. XX billion by 2020, at a CAGR of XX. XX % during the forecast period. Bio-polymers are polymers which are produced from living organism. They contain properties such as biodegradability, biocompatibility, and are non-toxic in nature. These polymers are attracting a significant commercial interest owing as they are produced by the chemical polymerisation of naturally occurring monomers.
Bio-polymers can be used for various applications such as automotive, pharmaceutical, packaging, electronics, and others. Bio-polymers are extensively used in the pharmaceutical applications, accounting for a share of XX. XX % in 2015. The report is also segmented based on the product type into bio-PET, bio-PLA, bio-PE, and others. Bio-PET is the largest segment in terms of revenue and the fastest growing segment in the bio-polymer market accounting for a share of XX. XX % in 2015.
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Market Dynamics of the Bio-polymers Market in APAC:
The market is driven by depleting natural resources, demand from end-user industries, and stringent government regulations. However, this market faces certain drawbacks such as lack of commercialisation in the developing countries.
China is the leading consumer of bio-polymers in 2015 accounting for a share of XX %. The bio-polymers market in China will grow at a high rate during the forecast period owing to the huge demand from the end-user industries such as pharmaceutical and textile.
Some of the major companies dominating the market with its products, and continuous product developments are:
� Arkema � BASF � Metabolix � PolyOne � Solvay � TradePro Inc.
Place a Purchase Order for this Report at: http:// www. orbisresearch. com / contact / purchase / 218014. Key Deliverables in the Study:
1. Analysis for the bio-polymers market in APAC, with region specific assessments and competition analysis on a regional scale.
2. Market definition along with the identification of key drivers and restraints.
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