Styrene Free Bio-Renewable Resins designed by the Michigan State University team in collaboration with the Colorado School Of Mines.
Bio-Based Resins Market
The Bio-based Resins Market is one of the key segments within the Renewable Chemicals Industry. The Construction and in-house furnishing sectors are one of the key-value chain verticals associated with this market. The growth in the number of construction facilities and an increase in the application of renewable chemicals promotes this market’s growth. This market is a relatively new segment. Moreover, this product is potentially being developed as a contender against the petrochemical-based resins industry.
The rise in investment associated with alternative sources of raw materials is one of the factors driving this market. Bio-based resins also have applications in the packaging sectors. Regions like North America as well as Europe have stringent regulations with respect to packaging material. Therefore, the regions discourage the use of harmful toxins as packaging substances. The bio-based resins are comparatively lightweight and are cost optimum as compared to conventional rigid packaging substances.
The German Market within Europe serves as a lucrative regional segment that has been promoting the market growth for the EU. The country’s electronics department as well as its construction segment has been expanding thus promoting the growth associated with this industrial unit. The increased government based spending and residential construction within Germany has been one of the key factors associated with the growth of this market.
Chemical Market Forecast Studies the growth associated with this market with respect to the changing dynamics. This market research platform focuses on potential markets that could evolve with the advent of expanding research as well as technology. The supplier margins as well as logistical management for a sector are covered in detail within the Bio-Based Renewable Resins Market Report. The high growth segments and the potentially growing markets with a fast compounded rate are also accounted for within these reports. The applications of green technology within this industry and its impacts on a potential circular economy have been discussed. The Renewable Chemicals Market Growth has been covered through reports provided by Chemical Market Forecast.
Renewable Chemical’s Market as a potential primary feedstock:
Renewable Chemicals can be broadly defined as substances that serve as an economically suitable alternative to petrochemicals. These substances serve as profitable substitutes in the supply chain as well as the value chain associated with the petrochemicals market. The solution also proves as a cost beneficiary option that steadfast the progress of the market. Additionally, the growing awareness about environmental degradation and strict norms associated with the use of resources promotes the development of this sector.
Identification of new avenues associated with a field begins with constructive research. Researchers at Michigan State University have been focused on the development of Styrene Free Bio-Renewable Resins. These materials have a range of applications starting with its ability to adhere to segments like, the construction of countertops, bathroom fixtures, windmill blades, and boats.
This research was led by John Dorgan’s team. He is the chairperson of the Chemical Engineering and Material Sciences department at Michigan State University. A third year student from this department, Harshal Bambhania took this research to MarbleCraft. The company is stationed in Fowlerville. A prototype of a “Drop-in Bowl” was portrayed to this company. This model was typically a venture focused on modernizing kitchen counters.
Most of the modern vanity-kitchen counters are made of petroleum-based polyester dissolved in styrene. Moreover, currently, unsaturated polyester resins are primarily in the form of fiberglass composites. These substances are used in markets like boat building. The value chain of this product also extends to construction and domestic design, i.e. construction of kitchen and bathroom countertops, as well as sinks from cultured stone. One of the key challenges to these markets is the health hazards associated with styrene. The volatile organic compound is not based on renewable resources and is known for its carcinogenic properties.
To overcome these material based limitations, the research team from Michigan State University collaborated with two alumni from Colorado School Of Mines to develop Bio-Renewable Resins. These products were formulated using polylactic acid and methyl methacrylate.
Styrene Market Trends For The Bio-Renewable Resins Segment
A key driver associated with this potential market is the environment-friendly nature of this product. Preliminary calculations stated that the amount of greenhouse gas emissions reduced by roughly 40% compared to the current technologies employed.
The research on Sustainable sinks is expected to continue throughout the summer. Various mechanical tests are to be conducted to study the properties associated with this material. Tests associated with tensile strength, ductility, and environmental testing are to be conducted on this material. This research is expected to open new gateways associated with the Styrene Pipeline industry. The petrochemical is expected to experience a strong market competition due to the arrival of a sustainable raw material. With respect to supply chain analysis, the industrial segment will also potentially give rise to an expansion in the raw materials market. Therefore PLA and Methyl Methacrylate markets are expected to boom as well. A trade-off study based on the raw materials associated with the two segments would chart out the economic potential associated with the two industries.