Nova-Institut: Production Capacity Will Triple
Germany’s nova-Institute, Hürth, is publishing the most comprehensive market study of bio-based polymers ever made. The institute carried out this study in collaboration with renowned international experts from the field of bio-based polymers. Considerably higher production capacity was found than in previous studies. The 3.5 million tonnes represent a share of 1.5% of an overall construction polymer production of 235 million tonnes in 2011. Current producers of bio-based polymers estimate that production capacity will reach nearly 12 million tonnes by 2020. With an expected total polymer production of about 400 million tonnes in 2020, the bio-based share should increase from 1.5% in 2011 to 3% in 2020, meaning that bio-based production capacity will grow faster than overall production.
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