BIOMASS, BIOENERGY AND RENEWABLE CHEMISTRY

Lactic Acid Market Outlook: Rising popularity of non-toxic, bio-degradable, and bio-based products to drive the industry growth

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Lactic Acid Market revenue is anticipated to observe a considerable growth over the coming seven years, driven by its extensive application in food & beverages, personal care, industrial, cosmetic, detergent, and pharmaceuticals sectors. Moreover, growing consumer preference for bio-based contents is expected to stimulate the market trends in the near future.  According to Global Market Insights, Inc., “Lactic acid industry size is expected to be worth USD 6.2 billion by 2024.

U.S. Polylactic Acid (PLA) Market size, by application, 2013-2024 (USD Million)
U.S. Polylactic Acid (PLA) Market size, by application, 2013-2024 (USD Million)

Polylactic Acid (PLA) market size is anticipated to witness a lucrative roadmap over the period of 2016-2024, owing to the rising consumer trend towards sustainable, recyclable, and green packaged products. Moreover, growing application of polylactic acid in the booming bioplastics industry along with government legislations favoring the use of bio-based products will further drive PLA industry size over the coming years. Furthermore, polylactic acid also finds wide applications in electronics, packaging, textiles, agriculture, and transport sectors. As per Global Market Insights, Inc., “Polylactic Acid (PLA) Industry size is projected to reach USD 4.3 billion by 2024.

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Taking into account the lactic acid application trends, lactic acid market size in the personal care sector is expected to grow at a significant rate over the timeframe, driven by its use in skin care, natural anti-aging, and anti-acne solutions. Its application in food & beverages sector will grow at a rate of 14% over the coming seven years. The growth can be credited to its emulsifying, antibacterial, acidulant, pH regulating, and flavoring characteristics.

As per the research study, PLA applications in the packaging sector, estimated at USD 300 million in 2015, are expected to grow noticeably over the coming seven years due to its use in jars, containers, bioplastic packaging, and food packaging. Furthermore, textile is yet another prominent application area, predicted to generate high growth opportunities for polylactic acid industry over the coming years. As per the research study, textile application is likely to grow at a rate of 19% over the timeframe, driven by the use of PLA in textile dyeing for biodegradable polymer production.

Geographically, Germany lactic acid industry is expected to generate high sales over the next few years, driven by the rise in number of manufacturing plants coupled with increasing emphasis on sustainability. Growing application of lactic acid to treat dry skin along with its use in metal formulations is expected to boost U.S. lactic acid industry growth in the pharmaceutical sector over the coming years. China personal care industry is expected to contribute significantly towards the market share over the coming timeframe. Lactic acid application as vital ingredient in the personal care products & antimicrobial cleaning along with growing consumer awareness towards the personal care item is expected to drive the regional growth.

France PLA market will experience a considerable surge over the period of 2016-2024, driven by favorable legislations coupled with penetration of bio-based products in the packaging sector. Increase in production capacity, abundant feedstock, and growing customer awareness is expected to drive Japan market revenue over the next few years. UK PLA market size in agriculture sector is expected to register significant gains at 15% over the coming seven years, owing to its ability to reduce soil compaction and improve moisture control.

Key industry players in lactic acid market include BioAmber Inc., DuPont, and Genomatica. Major market players in PLA industry include Pyramid Bioplastics, Danimer Scientific LLC, Synbra Technology BV, BASF, Futerro, Galactic, NatureWorks, and Musashino Chemical Laboratory.

Author NameDhananjay Punekar

Powder coatings industry to make major contributions towards DDDA market growth: Asia Pacific to dominate the regional landscape

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Rise in global nylon 6,12 production owing to its extensive application in detergents, polyesters, coatings, fragrances, greases, and adhesives is anticipated to boost Dodecanedioic Acid (DDDA) market size over the coming years. Increasing demand for pulp & paper, water treatment and chemical applications owing to the corrosion inhibition characteristic of DDDA is expected to promote the industry trends over the coming years. It also finds applications in antiseptics, protective coatings, painting materials, surfactants, and top-grade coatings. According to Global Market Insights, Inc., “Dodecanedioic Acid (DDDA) market share is anticipated to reach USD 599.5 million by 2023. “

Dodecanedioic Acid finds its application in adhesives, powder coatings, resins, and lubricants. DDDA market price in resin sector worth USD 235 million in 2015, is expected to grow substantially over the coming seven years. The growth can be attributed to the increasing use of nylon in screws, gears, and fabrics. DDDA market size in powder coatings industry is expected to grow at a rate of 6% over 2016-2023 owing to its wide applications in powder coatings & paints production.

U.S. DDDA market share, by application, 2015 (KT)

U.S. DDDA market share, by application, 2015 (KT)

Innovations in coating technology for industrial paints is predicted to promote DDDA market growth over the coming years. Paints & Coatings production capacity estimated at 1700 kilotons in 2015, is expected to surpass 3170 kilo tons by 2023. Rising demand for DDDA from industrial coatings sector along with growing preference for providing protective industrial paints are few of the factors predicted to contribute significantly towards the growth of the DDDA application in paints & coatings industry over the coming years.

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Asia Pacific DDDA market revenue worth USD 125 million in 2015, is expected to witness a substantial growth over 2016-2023 owing to rapid industrialization along with rising demand for paints & coatings. China, Japan, and India are anticipated to be the major revenue pockets for the region over the coming years.

North America DDDA market is expected to register a CAGR of 5.5% over the coming seven years due to booming nylon production along with presence of automobile giants such as General Motors & Ford who have adopted eco-friendly technology to reduce greenhouse effects. U.S. is expected to contribute significantly towards the regional share over the coming years.

Latin America DDDA market is expected to witness highest gains of 5.8% over the period of 2016-2023, owing to high demand for lubricants. Brazil is projected to make a major contribution towards the overall revenue of the region. Middle East & Africa Market is projected to record a CAGR of 4.8% over 2016-2023 due to the expanding paints & coatings industry as well as growth of oil & gas sector.
Product branding, geographic expansion, market penetration, and strategic alliances are some of the key strategies adopted by the industry participants to expand their business over the coming years. Major industry players include The Cathay, Invista Company, Verdezyne Incorporation, UBE, BASF SE, Evonik Industries, Santa Cruz Biotechnology Company, and Zibo Guangtong Chemical Company Limited.

Author NameDhananjay Punekar

Asia Pacific to lead the global glycerol market with revenue estimations of USD 1.4 billion by 2022

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Biodiesel and Oleochemical manufacturing has expanded the Glycerol market which is forecast to cross a revenue of USD 3.04 billion by 2022, as per the study by Global Market Insights, Inc. In 2015, Biodiesel accounted for approximately 68% of the total glycerol production. Biodiesel is said to be the most significant production source for glycerol and is anticipated to produce 2700 kilo tons of glycerol by 2022. Besides, the other prominent source, the oleochemicals are anticipated to exceed 20 million tons by 2022.

Global Glycerol market is estimated to grow at a CAGR of 6.6% over the period of 2015-2022, mainly driven by its applications across various industries such as Personal Care & Pharmaceuticals, Alkyd Resins, Food & Beverages, etc. Glycerol applications in personal care & pharmaceuticals accounted for 38% of the total market share in 2015 and is anticipated to register a CAGR of 6.5% over 2015-2022. The growth will mainly be driven by healing and nutritional properties offered by glycerol along with the improved lifestyle and health awareness of the consumers.

Europe glycerol market size, by application, 2012-2022 (Kilo tons)

Europe glycerol market size, by application, 2012-2022 (Kilo tons)

Glycerol applications in Alkyd resin will also witness significant surge over the coming timeframe due to its wide set of applications in synthetic paints industry such as enamels, varnishes, protective coatings, etc. The glycerol market in alkyd resin application segment is likely to exceed USD 400 million by 2022.

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Food and beverage industry will also witness huge adoption of glycerol in the coming years owing to its use in food preservatives, solvents, sweeteners, and humectants. Glycerol applications in this sector is anticipated to exceed a volume of 500 kilotons by 2022, registering a CAGR of 7% from 2015-2022. The application has also seen significant growth after declaration of glycerol as food additive by European Union Food Standard Agency.

The Asia Pacific is expected to dominate the global glycerol market with revenue estimations of USD 1.4 billion by 2022. Increase in construction spending, growing alkyd resin demand, and presence of large oleochemical base are key factors to drive the regional growth. The glycerol production in APAC through fatty alcohol production source is estimated to grow at a CAGR of 8% over 2015-2022.

The U.S glycerol market size is projected to exceed 700 kilotons by 2022. The growth is mainly driven by huge demand from the personal care & pharmaceutical industries which accounted for 38% of the overall market share. Europe glycerol market is anticipated to surpass 1190 kilotons by 2022, with biodiesel being the prominent production source.

The market is consolidated and integrated owing to the high priced raw materials. Key market participants include Wilmar International, Emery Oleochemicals, KL Kepong, Dow Chemical, Solvay SA, P&G, BASF, Croda International, Godrej Industries, Evonik, Archer Daniel Midland, Vitusa Products, Inc, United Coconut Chemicals, and Ecogreen Oleochemicals.

Author NameShikha Sinha

Global Lignin market share to exceed USD 6.2 billion by 2022:

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Asia Pacific to witness the fastest growth rate over 2015-2022
Lignin, the second most abundant polymer after cellulose, has expanded its global market share and is forecast to exceed a revenue of USD 6.2 billion by 2022, according to Global Market Insights, Inc. Lignin comes in the category of organic polymer, finding wide set of applications in manufacturing of adhesives, binders, dispersants, etc. The rising demand for lignin in animal feeds, dust control, and concrete admixtures is also enhancing its business space globally. Moreover, the growing trend of its use over petroleum in certain applications is further expected to cater huge growth potential for the market worldwide.The growing demand for lignin can also be attributed to its downstream potential of being used as a raw material in a variety of applications. Vanillin and Carbon Fibers are two significant growth prospects pertaining to the downstream potential of Lignin. In 2013, the global vanillin market size accounted for approximately 15,000 tons, with the lignin based vanillin share of 3200 tons. Moreover, lignin is also replacing the traditional production route of vanillin from crude oil owing to the ecological aspects and volatile crude prices. The rising vanillin demand from industries such as pharmaceuticals, food & beverages, agriculture, cosmetics, etc. will in turn favor the growth of the lignin market over the coming years.

Germany lignin market size, by product, 2012-2022 (Kilo Tons)

Germany lignin market size, by product, 2012-2022 (Kilo Tons)

Carbon fiber derived from lignin also carries huge potential for the worldwide market share owing to their extensive use in construction, automobile, aerospace, etc. Expanding carbon fiber market size, which is estimated to reach a volume of 140 kilotons by 2020, will positively impact the lignin market over the coming timeframe. In addition, the growing preference of lignin over PAN (Polyacrylonitrile) due to its affordability and easy availability will also drive the market growth.

The low purity lignin is anticipated to witness significant growth over the coming years owing to the rising demand for low cost burning fuel coupled with the environmental aspects. The low purity lignin market having had a share of USD 3.6 billion in 2014, is forecast to exceed a revenue of USD 5.2 billion by 2022.

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Other products of lignin such as lingo-sulphonates, Kraft and Organosolv are used in manufacturing of BTX, carbon fiber, vanillin, and phenol. Ligno-sulphonates market is anticipated to register a CAGR of 5.2% over the period of 2015-2022. In addition, Kraft lignin market size is estimated to surpass 130 kilotons by 2022.

The major volume of Lignin is utilized as a low cost burning fuel. The remaining portion finds its application in manufacturing of aromatics and macromolecules. Owing to the huge spending on R&D activities by the manufacturers, Lignin application in the aromatics manufacturing is anticipated to witness a CAGR of 5.7% (in terms of volume) over 2015-2022.

Global lignin market size is forecast to exceed 17.4 million tons by 2022, at a CAGR of 5% over 2015-2022 . The Europe Lignin market led the global landscape having had a market worth of USD 1.6 billion in 2014. The region will witness huge growth potential over the coming years owing to the favorable regulatory norms and inclination towards green technology across this region. Europe market is likely to register a CAGR of 4.9% from 2015-2022.

The Asia Pacific lignin market is estimated to witness the fastest growth rate over the coming seven years. The growth will primarily be driven by fast paced industrialization coupled with growth in automobile and electronics industries across this region. Moreover, low-cost labor availability and abundance of raw materials will also fuel the regional growth. India and China will be the major revenue driver for the APAC market.

The market players are focusing towards adopting new technologies to ensure optimal production in terms of cost and efficiency. Key industry participants are Borregaard LignoTech, Green Value, Asian Lignin Manufacturing Pvt. Ltd, Domtar, and MeadWestvaco (MWV).

Author NameShikha Sinha

Global Bio Vanillin Market to exceed USD 19 million by 2023

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The scientific know-how era we are living in today is advancing in every aspect. The rising population and adoption of technology by people has brought a hi-tech revolution across all the industries. The urge for something better and of course cheaper is growing widely. Right from the information technology used at a global level to the food and beverages essential for our day to day lives, science has taken over.

A paradigm shift can be seen from the use of synthetic product towards the bio-renewable products, pertaining to the health consciousness of the consumers. This major concern is primarily effecting the food & beverage industry on a large scale and hence promoting the growth of health as well as environmental friendly products.

Vanillin Market Size, By Application, 2012-2023 (Tons)
Bio Vanillin Market Size, By Application, 2012-2023 (Tons)

While there has been a number of bio-renewable products introduced lately, the growth of the Bio Vanillin market is worth noticing. The consumer preferences of natural products over the synthetic items and the demand for new flavors are driving the growth of this market. The high demand for Vanillin is due to its massive usage in various sectors. Relevant to the food & beverage industry, it can be used as a flavoring agent, food preservative (however, this usage is hampered owing to its strong smell), and precursor in the manufacture of different flavorings. Vanillin also finds extensive application in fragrances and pharmaceutical preparations.

According to a detailed study on Bio Vanillin Market, Bio Vanillin market share is estimated to exceed USD 19 million by 2023. The two most lucrative sectors (application segments) tending to contribute significantly to the Bio- Vanillin market are Food & Beverages which dominated the application landscape with worth over USD 8 million in 2015 followed by the fragrance industry which is expected to grow at a CAGR of 6.61% during the period of 2016-23.

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Taking into consideration the regional aspect, the Bio-Vanillin market has marked its presence across the entire globe. In 2015, Europe was the industry leader and is predicted to be worth more than USD 5.5 million in 2023. This growth is driven by the ecological measures to regulate greenhouse gas emissions along with the demand for products derived from biomass.

Also, North America would witness noticeable growth during the years 2016-2023 expecting to register a CAGR of more than 12.5 %. This growth would also be driven majorly by the ecological demands to reduce carbon flow along with brewery sector growth. In addition, the product positioning and the inclination towards the natural products will also contribute towards the regional share.

APAC will also be a major region spotting the growth in this market. This growth would be driven by the rise of food & beverages as well as the pharmaceutical industries. Further, the fragrance sector would also be an important factor contributing towards the regional growth owing to the changing lifestyle trends, demand for superior fragrances, and development per capita.

The Bio-Vanillin market is in the nascent stage and is expected to develop rapidly in the upcoming years. The end user manufacturers are readily willing to pay premium prices due to the rising demand from the consumers for the natural products. The rising demand shall witness collaboration of various industry players for Bio Vanillin product development and growth. Some of the key industry participants in this market are Solvay, Evolva, Ennloys, and Apple Flavor & Fragrance Group.

Taking into consideration the strong driving forces behind the growth of Bio-Vanillin market, it can be certainly expected to affect the related industries such as Food & Beverage, Pharmaceutical, and fragrance at a very large scale. The market, which was approximately worth USD 11.5 million in 2015, is expected to register a CAGR of more than 13% with its use crossing 500 tons in the coming six years (2016-23), according to Global Market Insights Inc.

Author NameShikha Sinha

Asia Pacific to dominate the Biodegradable Superabsorbent Materials Market: A growth rate of 6.5% to be registered during the period of 2016-2023

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The need for environmental sustainability has been realized taking into consideration the rapidly increasing population, which may cross the 7 billion mark by 2050. Owing to the rising health and environmental concerns, there has been a huge demand for proper waste disposal and use of bio-degradable substances which in turn has driven the growth of Biodegradable Superabsorbent Materials in the polymer industry. The market has seen a commendable surge in all these years, driven by its ease of use, hygiene, cost-effectiveness and environment friendly characteristics.

The popularity of conventional materials is being surpassed by the use of these biodegradable products. Biodegradable Superabsorbent Polymers are used for high absorption of water and aqueous solutions relative to their own mass primarily for use in the form of diapers, adult incontinence products, feminine hygiene products, and similar applications. According to a research conducted by Global Market Insights Inc., biodegradable superabsorbent materials market size is forecast to be worth USD 192.6 million by 2023 with a CAGR of 6.1%.

Biodegradable Superabsorbent materials market can be segmented on the basis of its wide set of applications which include Disposable diapers (baby diapers), feminine hygiene (sanitary pads), adultincontinence, agricultural, and medical applications (surgical pads & wound care solutions)

U.S. Biodegradable Superabsorbent Materials Market size, by application, 2012-2023 (Tons)

U.S. Biodegradable Superabsorbent Materials Market size, by application, 2012-2023 (Tons)

Disposable diapers application segment dominated the market in 2015, having had a market share of USD 79 million. The growth is attributed to the better living standards and hygiene concerns. Agricultural application is expected to witness a CAGR of more than 7% from 2016-2023.

Also, medical issues related to bones and joints are boosting the adoption of cellulose hydrogel biodegradable polymers due to its effective healing properties. Medical application segment shall see a significant growth and is expected to be worth more than USD 5 million by 2023.

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Biodegradable superabsorbent materials product segment comprises of Polyvinyl Alcohol (PVA), Polysaccharides, Polyitaconic acid, and Polypeptide. Polyvinyl Alcohol (PVA) which was valued at approx. USD 82 million in 2015, dominates the product market with its major application in feminine hygiene and adult incontinence products. Besides, Polysaccharides which is abundantly available in the form of starch, chitin, natural gums and sugar is expected to witness the maximum rise at a CAGR of 9% from 2016-2023.

Biodegradable superabsorbent materials are being adopted worldwide. Europe market, led by Germany, dominated the industry by contributing a share of USD 48 million in 2015. APAC is expected to witness the highest growth, registering a CAGR of 6.5% over the period of 2016-2023 with China market share to be worth USD 25 million by 2023. U.S. adult incontinence market is expected to grow at a CAGR of 5.8% reaching 2.1 Kilotons by 2023.

Some of the key players in this market space are ADM, TryEco, Exotech Bio Solutions, Weyerhaeuser Company, Valagro, NanoChem Solutions, AMEREQ, CryoLife, Coloplast A/S, Collagen Solutions, and Akron Biotech. The research by Global Market Insights Inc. anticipates the Global Biodegradable Superabsorbent material market to reach 89.6 kilotons in 2023. This huge demand and the resulting growth shall witness a number of collaborations, alliances and partnerships in the corporate world. The Biotech firms may tie up with the technology world to enhance their product portfolios.

Author NameShikha Sinha

Measures adopted by regional governments on municipal solid waste deposable (MSW) and treatment techniques in order to reduce GHG emissions is likely to drive global waste to energy market share

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Waste to energy is the process of producing energy in the form of electricity or it is known as the form or energy recovery. As per the Industry Analysis, Waste to Energy (WTE) Market in the year 2015 valued at USD $20 billion and is projected to grow at over 6% CAGR till the year 2023. The regional analysis market is led by European market with leading markets in France, UK and Germany. This market is anticipated to grow moderately and record revenue of USD $15.5 billion by year 2023. Asia Pacific market is growing led by Japan and China recording soaring gains at over 6.8% CAGR by the year 2023, developing energy through substitute resources like landfiling which is the MSW (municipal solid waste) disposal techniques; it is likely to become popular in the Asia Pacific market.

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The report features comprehensive analysis of the market with key market trends and key factors influencing the market listed in the report. Thermal waste to energy process dominated the segment and is predicted to exhibit moderate gains over the projected time frame. The alternative thermal processes are anticipated to foresee surge in demand. Biological waste to energy technology is poised to register high growth at over 6.5% during the forecast period. Anaerobic digestion penetration into developed composting plants is projected to further market growth.

Waste to Energy (WTE) Market Size

As per the latest news published on 01st June’16 about the Waste to Energy in the USA, the 70 mass burn plants in the United States consume 13% of annual waste; this is 14.5% as compared to year 1990. Approximately, 2.1 billion tons of waste is generated by humans annually, which is then carried to landfills and it decomposes and is converted into energy. In the United States, around 245 million tons of waste is produced annually. As per the United States Environmental Protection Agencies inventory, the municipal solid waste released 1% of highly toxic contents in the year 2000 as compared to 13 years prior.

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Furthermore, as per latest news published on 26th May’16 of International Journal of Epidemiology, it is reported that people living near landfills are exposed to health hazards. Humans who stay 5 kilometers near the landfill site have diagnosed diseases like lung cancer, respiratory diseases, hospitalizations and even deaths. The waste throws out hydrogen sulphide which is harmful for humans especially children.

Fairly competitive players run the waste to energy market share, like Hitachi Zosen, Covanta, Keppel Seghers and Wheelabrator Technologies are prominent. Some companies are part of the value chain that work on operate and built or only transfer basis, or some run the plant operation. Foster Wheeler, China Everbright International, Plasco Energy, Veolia Environment, Xcel Energy are some of them.

Author NameDhananjay Punekar