The global bioplastic packaging market size was estimated at USD 3.61 billion in 2016 and is expected to witness significant growth
The global bio based PET market, in volume terms stood at 496 kilo tons in 2015. It is expected to grow (in terms of volume) at a CAGR over 42% during the forecast period (2016 to 2024).
The global bioadhesives market surpassed 750 kilo tons in 2015. It is estimated to reach nearly 2.5 million tons by 2024 from 2 million tons in 2023. Greater preference for bio-based products will drive the market in the coming years.
The global BDO-PTMEG-Spandex market is expected to grow at significant CAGR of over 5.0% between 2016 to 2024, with the global market size estimated at over USD 4.00 billion in 2014.
The air freshener market is expected to grow at a significant pace from 2016 to 2024 owing to the global rising air care and quality importance.
The global glycerol market is expected to grow at a CAGR of above 6% over the forecast period of 2016 to 2024. Glycerol is a natural, sweet-tasting thick colorless liquid considered a base product which has diverse applications.
The global furfural solvent market was estimated at approximately USD 60 million in 2014. Biodegradable solvents,such as those made from furfural, are increasingly being utilized in petroleum refining & butadiene extraction applications, which is a vital determinant for industry growth.
Growing access to medical centers with advancedfacilities is promoting surgical interventions, which is anticipated to propel product demand in emerging healthcare markets. Increasing dental related injuries andrespective implant procedures are also likely to drive growth over the forecast horizon.
The DL malic acid market is expected to grow at a significant pace from 2016 to 2024 owing to the increased use in food and beverage industry.
Caprylic acid is an oily liquid which is less soluble in water and has bad pungent in smell and taste. This acid is also known as octanoic acid which is formed by eight carbon saturated fatty acids.
Increasing bio-based polymers demand owing to industries reducing reliance on conventional polymers is expected to fuel the global bio-based polyurethane (PU) market growth over the next eight years. Growing awareness towards bio-based raw material usage to reduce negative environmental impacts is anticipated to bolster the bio-based PU market growth. Increasing conventional polymer prices owing to volatile crude oil prices are expected to have positive impact on global bio-based PU market growth.
Global bio-based polypropylene (PP) market is expected to witness considerable growth over the next six years on account of increasing application in Textiles, injections, and films. Injection is the major application segment of bio-based PP, and is likely to experience significant growth over the forecast period. Bio-based PP has higher melting point which allow it to use in manufacturing medical equipments. Growing medical equipment market across the globe is likely to propel the bio-based PP market.
Market research report on Furandicarboxylic Acid (FDCA) market by Hexa Research provides a clear picture about the worldwide development of the Furandicarboxylic Acid (FDCA) industry and recent key trends based on detailed statistical analysis. This new report provides latest market data, including market estimate and forecast by application and product on a regional basis for historic years of 2012 and 2013 with forecast up to 2020. This report is an invaluable resource for industry executives looking for key market data in readily available and clearly presented graphs and tables. Major regional markets covered in this report include North America, Europe, Asia Pacific and Rest of the world.
Market research report on Levulinic Acid market by Hexa Research provides a clear picture about the worldwide development of the Levulinic Acid industry and recent key trends based on detailed statistical analysis. This new report provides latest market data, including market estimate and forecast by application and product on a regional basis for historic years of 2012 and 2013 with forecast up to 2020. This report is an invaluable resource for industry executives looking for key market data in readily available and clearly presented graphs and tables. Major regional markets covered in this report include North America, Europe, Asia Pacific and Rest of the world.
Global bio-lubricants market is expected to grow over the forecast period owing to penetrating applications in automotive oils, process oils, hydraulic oils, de-molding oils, and chainsaw oils. Automotive oils finds application in automotive industry. Growing automotive industry is likely to propel the automotive oils market which in turn expected to drive the bio-based lubricant market over the forecast period. Hydraulic oils are used in heavy earth moving equipment including forklifts and excavators.
Increasing lactic acid demand for manufacturing poly lactic acid (PLA) is expected to fuel the global lactic acid market growth over the next five years. Lactic acid has gained significant importance recently. It is a colorless syrup liquid soluble in alcohol and water. The product is manufactured by fermentation of carbohydrates in excess calcium carbonate presence.
Conventionally, succinic acid was produced from petroleum raw material which was an expensive process with hazardous emissions resulting in restricted usage in health care, home & personal care industry. Hence, key market players including Succinity, BioAmber and Reverdia recently invested in R&D to produce succinic acid from bio based raw materials. These raw materials are cost effective and resulted in lowering succinic acid prices in the global market. Favorable regulatory norms are expected to be the key driving force for bio succinic acid market over the forecast period. It is used in food & beverages, personal care and chemical industry.
Butanediol is mainly segmented into four isomers named as 1,2-butanediol, 1,3-butanediol, 1,4-butanediol and 2,3-butanediol. Among all, 1,4-butanediol (1,4-BDO) is widely used and finds application in manufacturing tetrahydrofuran, which is the important raw material for producing spandex. Spandex is generally known for its elasticity and strength, and used to manufacture sports apparels.
Castor oil and derivatives market has been growing at a good pace over the past few years on account of growing demand for bio-degradable products. Increasing environmental concerns is the key factor expected to boost the market over the foreseeable period. Stringent regulation from government boards including EPA and PNGRB to limit the usage of traditional petrochemicals resulted in shift in focus towards castor oil and its derivatives.