Production Capacity of Biobased Polymers to Triple until 2020
According to a new market study by nova-Institute, Hürth, Germany, the production capacity of biobased polymers will triple from 5.2 million tonnes in 2013 to nearly 16.9 million tonnes in 2020. Biobased drop-in PET and PE polymers and the new polymers PLA and PHA show the fastest rates of market growth while the lion’s share of capital investment is expected to take place in Asia and South America.
In March 2013, Germany’s nova-Institute published the most comprehensive market study of bio-based polymers ever made. The nova-Institute carried out this study in collaboration with renowned international experts from the field of bio-based polymers. Two years after the first market study came out, nova-Institute is set to publish a complete update in February 2015, “Bio-based Building blocks and Polymers in the World – Capacities, Production and Applications: Status Quo and Trends towards 2020″.
The development and the annual growth rate of production capacity for bio-based polymers (between 10-20% CAGR) is impressive in comparison to petrochemical plastics (between 3-4% CAGR). The study looks at every kind of biobased polymer produced by more than 200 companies at over 350 locations around the world and examines in detail 115 companies at 133 locations. The study contains on the one hand updates for all biobased polymers (production capacities, locations, applications) and on the other seven trend reports by international experts on market development.
In 2014, for the first time, the main data source of the recently published market data of the association “European Bioplastics” is nova-Institute’s market study. For the European Bioplastics’s selection of bio-based polymers, which differs from the nova-Institute’s selection, bioplastics production capacities are meant to grow by more than 400% by 2018.
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