Increasing demand from sectors such as aerospace, wind energy, packaging, and paints, and coatings is the primary growth driver for the bio-based resin market. In addition, government regulations on synthetic resins favor market growth. Penetration of bio-based resin upcoming application will create an opportunity for the market. The robust growth of the construction industry is fueling the demand for paints and coatings thereby demanding bio-based resin. Bio-based resin demand will be propelled by the aerospace industry?s demand for epoxy resins as raw materials for manufacturing aircraft. However, the high production cost of bio-resin acts as a restraining factor for market growth.