Biobased epoxy resin market research

NNFCC was selected to carry out a piece of market research on bio-based epoxy resins by a polymer R&D company. The company intended to develop new environmentally friendly polymers, building-blocks and formulations to be used in the field of fibre-reinforced composites, insulating polyurethane foams and CASE (coatings, adhesives, sealants and elastomers).

NNFCC carried out two pieces of work for the client. The first focused on detailing the EU market for bio-based thermosetting resins, and specifically, epoxy composites. NNFCC gathered data to identify which markets would preferentially value a bio-based epoxy resin, in line with the products the client wished to commercialise. The work focused on determining whether a performance gap existed between the bio-based epoxy resins provided by product developers and the end-user’s wishes. Following the client’s request, NNFCC focused on the automotive, wind energy and the construction sectors. Based on market data and product developer interviews in each sector, two markets were identified as promising. As a result, the client benefited from specific information about technical limitations that needed to be overcome to access those markets identified. This information will inform the polymer producer’s marketing strategy for the commercialisation of its portfolio of new epoxy systems.