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Bio-based polymers forecast to grow with a CAGR of 4 percent through 2023

  2/12/2019 - Hurth, Germany - The market and trend report, “Bio-based Building Blocks and Polymers: Global Capacities, Production and Trends 2018-2023,” from the German Nova-Institute, shows capacities and for the first time also production data for percent of the production volume of petrochemical polymers. The potential is much higher, but is currently hampered by low oil prices and a lack of political support. The production of bio-based polymers has become much more professional and differentiated in recent years. By now, there is a bio-based alternative for practically every application. The capacities and production of bio-based polymers will continue to grow with an expected CAGR of about 4 percent until 2023, almost at about the same rate as petrochemical polymers and plastics. Therefore, the market share of bio-based polymers in the total polymer and plastics market remains constant at around 2 percent. The increase in production capacity is mainly based on the expansion of the polylactic acid (PLA) production in Thailand and the polytrimethylene terephthalate(PTT) and starch blends production expansion in the U.S. Especially PLA and starch blends will continue to grow significantly until 2023. Also, new capacities of bio-based polyamides, polyethylene (PE) and, for the first time, polypropylene (PP) and poly(butylene adipate-co-terephthalate) (PBAT) will also be added in Europe in this period. The great hopeful polyethylene furanoate (PEF) will presumably only be able to offer commercial capacities after 2023. Overall, the market environment remains challenging, with low crude oil prices and little political support. So far, the two major advantages of bio-based polymers have not been politically rewarded. The first advantage is that bio-based polymers replace fossil carbon in the production process with renewable carbon from biomass. This is indispensable for a sustainable, climate-friendly plastics industry and is not yet politically rewarded. The second advantage is offered by about a quarter of bio-based polymer production: They are biodegradable (depending on the environment) and can therefore be a solution for plastics that cannot be collected and enter the environment where they can biodegrade without leaving behind microplastics. Only a few countries such as Italy, France and, in future probably Spain, will politically support this additional disposal path. The most important market drivers in 2018 were brands that wanted to offer their customers environmentally friendly solutions and critical consumers looking for alternatives to petrochemicals. If bio-based polymers were to be accepted as a solution and promoted in a similar way as biofuels, annual growth rates of 10 to 20 percent could be expected. The same applies as soon as the price of oil rises significantly. Based on the already existing technical maturity of bio-based polymers, considerable market shares can then be gained. The 380-pages market report is updated every year and the update for the year 2018 offers the following highlights: It contains comprehensive information on capacity development from 2018 to 2023, per bio-based building block and polymer and for the first time production data for the year 2018, per bio-based polymer. A total of 17 bio-based building blocks and 16 polymers are covered in the report. In addition, the new issue includes analyses of market developments and producers per building block and polymer, so that readers can quickly gain an overview of developments that go far beyond capacity and production figures. For the first time, a detailed research, calculation and explanation of the market development of cellulose acetate (CA), bio-based epoxy resins and bio-based polyurethanes was made possible through cooperation with the main experts in this area. The deep dive into the producing companies was comprehensively updated and shows now 175 detailed company profiles, from start-ups to multinational corporations.

Tuesday, March 26, 2019

Satisfaction with original equipment tires helps automakers keep owners loyal, J.D. Power finds - click to expand

Global automotive tire market forecast to grow with a CAGR of 6.3 percent through 2027 - click to expand

Synthetic latex polymers market projected to grow at a CAGR of 5.41 percent through 2024 - click to expand

Lubrizol adds capacity to its TPU manufacturing line in Shanghai - click to expand

Birla Carbon completes 25 years of operation in Hungary - click to expand

Monday, March 25, 2019

Birla Carbon to increase base prices for all carbon black markets in North America - click to expand

GM to invest $300 million, add 400 jobs at Michigan plant for new Chevrolet electric vehicle - click to expand

Rubber Division, ACS now offering all training courses remotely - click to expand

Global market for stabilizers forecast to reach $5.5 billion by 2025 - click to expand

Davis-Standard¹s global converting platform featured at ICE USA - click to expand

Friday, March 22, 2019

Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman - click to expand

ARPM announces Innovation Symposium on April 18 - click to expand

YourMechanic adds Goodyear.com for tire sales and installation services - click to expand

TA Instruments introduces new Rheo-Raman accessory for the Discovery hybrid rheometer - click to expand

Adhesive tapes market projected to reach $69 billion by 2022 - click to expand

Thursday, March 21, 2019

TA Instruments analyzer tests for mechanical behavior of materials - click to expand

Global thermoplastic elastomers market size is forecast at $27.8 billion by 2026 - click to expand

Ace Products & Consulting hires business manager - click to expand

Yokohama Tire's mobile tire specs app for dealers wins iF Design award - click to expand

Plastics & Rubber Technology Conference calls for abstracts - click to expand

Wednesday, March 20, 2019

Safic-Alcan acquires Langley-Smith & Company - click to expand

Firestone Liberia to shed 800 jobs by April 2019 - click to expand

Michelin launches Agilis CrossClimate tire for small business owners and commercial fleets - click to expand

U.S. market for low rolling resistance tires forecast with a CAGR of 10.8 percent through 2028 - click to expand

Southeast Asia tire market projected to grow at a CAGR of over 7.5 percent through 2024 - click to expand

Tuesday, March 19, 2019

Hankook Tire adds Nissan Altima to growing original equipment portfolio - click to expand

Cooper launches new long haul steer tire as part of its PRO Series commercial line - click to expand

Kraton to build Cariflex semi works latex unit in Brazil - click to expand

Mitsui Chemicals pursues applications for temperature-sensitive elastomer - click to expand

Nitrile butadiene rubber latex market forecast at $2.4 billion by 2025 - click to expand

Market Reports

Global automotive tire market forecast to grow with a CAGR of 6.3% through 2027 - click to expand

Global nitrile gloves market is expected to reach $3.30 billion by 2026 - click to expand

The synthetic latex polymers market is projected to grow at a CAGR of 5.41% through 2024 - click to expand

Global market for stabilizers forecast to reach $5.5 billion by 2025 - click to expand

Adhesive tapes market projected to reach $69 Billion by 2022 - click to expand

Global thermoplastic elastomers market size is forecast at $27.8 billion by 2026 - click to expand

The U.S. market for low rolling resistance tires forecast with a CAGR of 10.8% through 2028 - click to expand

South East Asia tire market is projected to grow at a CAGR of over 7.5% through 2024 - click to expand

Global silane and silicone market was estimated at $14.4 billion in 2017 and is expected to hit $22.03 billion in 2025 - click to expand

Nitrile butadiene rubber latex market forecast at $2.4 billion by 2025 - click to expand

Global mold release market forecast with a CAGR of 5.7% through 2023 - click to expand

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