Bio-based emulsion polymers market is expected to witness significant growth owing to the products low volatile organic compound (VOC) content as compared to petroleum derived emulsion polymers. Commercial grades of bio-based emulsion polymers have renewable content ranging from 20-50%. Organizations such as National Science Foundation, U.S., have developed bio-based latex derived from natural itaconates in laboratories. Development of these eco-friendly polymers is expected to fuel the market growth over the forecast period.
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Increasing demand for eco-friendly and low VOC content paints & coatings is expected to have a positive impact on the bio-based emulsion polymers market over the next six years. This is further supported by EPA & REACH legislations for reducing VOC emissions, in North America and Europe. The European Commission, in favor of developing renewable materials, has set a ’20-20 by 2020’ target. Countries such as U.S. and Canada have also implemented the Kyoto Protocol & Montreal Protocol for reducing the GHG emissions. These initiatives by government and regulatory bodies are anticipated to have a positive outlook on bio-based emulsion polymers market growth.
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Lately, companies have been investing heavily for development of 100% bio-based emulsion polymers. EcoSynthetix Inc. has patented biolatex binder manufacturing process; these binders are reported to have renewable content of over 50% and may be used as drop in substitute for synthetic paper coating solutions. Stepan Company, a specialty chemicals manufacturer based in U.S., has developed a wide range of bio-based emulsion polymers available commercially under the brand name of ‘Bio-Soft’. Other companies in this market include Royal DSM, HallStar, BASF SE and Dow Chemical Company.
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