Struktol - A World of Capabilities

News and week in review

Scroll down for more news

Click here to subscribe to the daily news

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.

Friday, June 14, 2019

Titan to host advanced TIA Tire Service Training - click to expand

Trelleborg inaugurates expanded silicone solutions facility in Bulgaria - click to expand

Bridgestone plans 3 percent price hike for Japanese aftermarket tires - click to expand

Dow launches next generation of silicone optical bonding materials for displays - click to expand

Elkem Silicones expands capacity to meet growing demand in North America - click to expand

Orion Engineered Carbon to expand gas blacks capacity at Cologne facility - click to expand

Thursday, June 13, 2019

Michelin Group names Alexis Garcin as the next chairman and president of Michelin North America - click to expand

Sibur and Sinopec sign agreements to jointly produce and sell petrochemicals - click to expand

American Biltrite announces organizational changes to its sales and marketing team - click to expand

H.B. Fuller to sell its surfactants, thickeners and dispersants business to Tiarco, LLC - click to expand

Bridgestone Dueler tire line selected as original equipment for all-new Jeep Gladiator - click to expand

Mold release agents market projected to reach $2.5 billion by 2024 - click to expand

Wednesday, June 12, 2019

Goodyear releases annual report on corporate responsibility - click to expand

Hankook Tire expands original equipment supply to Toyota for 2020 Toyota Corolla - click to expand

Asia's EPDM prices continue downward trend - click to expand

ExxonMobil study shows electric vehicles improve battery efficiency by 7 percent with properly inflated tires - click to expand

Freudenberg awards new simulation process that revolutionizes materials science - click to expand

Tuesday, June 11, 2019

Dow to spotlight new silicone optical bonding, thermally conductive and EMI shielding solutions at CES Asia 2019 - click to expand

Cooper Tire launches Pro Series long haul trailer tire - click to expand

Global micronized rubber powder market forecast to reach $55 million by 2025 - click to expand

IISRP elects president international and executive committee for 2019-2020 - click to expand

Wacker expands silicone elastomer production in China - click to expand

Orion Engineered Carbons is adopting the Platts North West Europe 1 percent sulfur fuel oil index - click to expand

Monday, June 10, 2019

Akron Rubber Development Laboratory announces grand opening of Barberton campus - click to expand

Lanxess Adiprene urethane enables injection molding of cast PU elastomers - click to expand

Uniroyal Tires launches Tiger Paw touring all-season tire - click to expand

Isoprene rubber latex market forecast at $340 million by 2025 - click to expand

Covestro’s Lucore reports on Pittsburgh’s sustainabilty journey in new Medium blog - click to expand

Camso is gearing up to enhance its distribution and sales model - click to expand

Market Reports

Mold Release Agents market is projected to reach $2.5 billion by 2024 - click to expand

Global micronized rubber powder market forecast to reach $55 million by 2025 - click to expand

Isoprene rubber latex market forecast at $340 million by 2025 - click to expand

Hydrogenated nitrile butadiene rubber forecast with a CAGR of 7.6% through 2027 - click to expand

Subscribe to daily news

Sign up for Daily News Email Update

RubberWorld will now notify you with an email when we update our daily news. Simply enter you email address in the boxes below and click the send button*, and you'll know the news as soon as we do!

email

email (confirm)

Type RUBBER in this field (prove you're human) in CAPS


* be sure to click the send button

By submitting your email address to RubberWorld you agree to allow Rubber World to send you daily email notifications relating to news in the rubber industry. See our privacy terms for more details