CO2-based polymers are manufactured from the reaction between epoxides and carbon dioxide (CO2) in the presence of appropriate catalyst. CO2 is used as a feedstock material in the manufacturing of these polymers and CO2-based polymers contain up to 50% CO2 that can be manufactured. These polymers are relatively new to the market and are considered as bio-based polymers. There is continuous research being carried out to develop new CO2-based polymers and explore their application areas. This is likely to result in the development of new production technologies and appropriate catalyst for the reaction of carbon dioxide with other monomers to produce a new range of polymers.
Request Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=3916
CO2 is considered to be one of the most severe contributors of global warming. It is abundantly available in nature and it is now being considered for use in the manufacturing of various chemicals and materials including polymers. CO2 is majorly used in the production of CO2-based polypropylene carbonate and polypropylene carbonate polyols. The manufacturing of CO2-based polymers is increasing gradually around the world due to the increasing demand for bio-based polymers. Most of the plastics today are manufactured by using petroleum feedstock due to the presence of high carbon. This carbon makes up to 80% of the plastic content. In CO2-based polymers, CO2 is used as a partial source of carbon, minimizing the dependency on petroleum feedstock. Polypropylene carbonate is used as a binder in ceramic industry and it is used to increase the toughness in some epoxy resins. Polypropylene carbonate polyols are extensively used in the manufacturing of polyurethane, which is used in adhesives, paints & coating, sealants, elastomers, composite wood, medical equipment and others. The demand for CO2-based polymers is expected to increase as the government regulations are gradually promoting for a reduced dependency on petrochemicals.
The lack of political will and slow development in production technologies are the key restraints for the growth of CO2-based polymers. However, increasing plastic waste is compelling the government bodies worldwide to implement stringent rules for the use of plastics and support the development of bio-based polymers. This can potentially increase the production of CO2-based polymers.
Have Any Query? Ask our Industry Experts- https://www.factmr.com/connectus/sample?flag=AE&rep_id=3916
On the basis of derivatives, the market can be segmented into:
On the basis of region, the market can be classified into:
Request/View TOC@ https://www.factmr.com/connectus/sample?flag=T&rep_id=3916
According to the European bio plastic organization, the global production of bio-based plastics is around 7500 KT/annum, which is 2% of the total plastics produced globally. The demand for CO2-based polymers is increasing rapidly due to its high potential. Various researches are being carried out throughout the world to widen the application areas of CO2-based polymers. The scientist at Oberhausen institute, Germany have recently developed a process to embed carbon-di-oxide within polymers, such as nylon and polycarbonate. The leading production and consumption of CO2-based polymers are concentrated in the Asia Pacific region. The demand is further expected to increase as several governments are forming norms for the use of environment-friendly plastics. The recent installation of production facilities by Saudi Aramco in Middle East and Africa is likely to boost the demand for CO2-based polymers in the region. The demand for CO2-based polymers is expected to increase in the matured markets of North America and Europe due to the changing climatic conditions and willingness to work on the development of eco-friendly materials. The applications of CO2-based polymers is in its developmental phase and has immense potential. The global demand for CO2-based polymers can be forecast to increase at healthy rates, depending upon the development in technologies and implementation of environmental norms across the globe.
The market for CO2-based polymers is highly consolidated with only few players at the global level. However, a number of manufacturers are expected to increase with the development of production technologies and catalyst of CO2-based polymers. Some of the key players include Saudi Aramco, Novomer Inc., Covestro, China BlueChemical Ltd., Empower Materials Inc., Mengxi tech group company, Henan Tianguan Enterprise Group Co., Ltd, SK innovation, Hubei Sanli Fengxiang Technology Co., Ltd, Jiangsu Zhongke Jinlong-cas Chemical Co., Ltd, and others.
Report Analysis@ https://www.factmr.com/report/3916/co2-based-polymers-market
The autologous fat grafting market is anticipated to witness substantial growth, with a robust compound annual growth rate (CAGR) of nearly 10% during the period from 2021 to 2031. Among various applications, breast augmentation emerges as the dominant segment, capturing a significant market share of over 45%. Autologous Fat Grafting, also known as fat transfer or lipofilling, has emerged as a ...
The smart drone services market is projected to attain a value of US$ 2.0 billion by 2023 and is anticipated to experience a compounded annual growth rate (CAGR) of 17.7% to achieve a market size of US$ 10.5 billion by 2033. The Smart Drone Services market has e...
The oil and gas pumps market is projected to reach USD 6,900 million in 2022 and is anticipated to exceed USD 10,800 million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.9% during the period from 2022 to 2032. The global oil and gas pumps market...
The market for drone filming services is anticipated to attain a valuation of US$ 274.4 million by the year 2023. Over the forecast period spanning from 2023 to 2033, there is a substantial projected rise in global demand for drone filming services, with a compound...
