BIOMASS, BIOENERGY AND RENEWABLE CHEMISTRY

Europe biobased polypropylene market to attain significant growth in the coming years, Injection applications to prominently drive the demand

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Mandatory roll outs by governments of various developed economies have played the most influential role in escalating biobased polypropylene market demand over the recent years.  Two global regulatory bodies whose initiations regarding the curtailment of carbon footprints have enhanced the market outlook are EPA and EU, which undoubtedly translates a noticeable expansion and development of North America and Europe’s biobased PP industry. Europe market dominated by Germany, UK, and France is projected to show a steep growth curve, at an annual rate of 6% in the next five years. In addition to this, increasing consumer demand for lightweight vehicles that allows lower fuel consumption is further fueling the market growth. Light weighted materials are also being widely deployed in medical space, pressure vehicles, wind vehicles and other alternative energy bases. A report by Global Market Insights, Inc., states that Biobased Polypropylene Market will surpass a revenue of USD 40 million by 2022, with a CAGR estimation of 4.5% over the period of 2016-2022.

Europe Biobased Pp Market Size, By Application, 2014 & 2022 (USD Million)
Europe Biobased Pp Market Size, By Application, 2014 & 2022 (USD Million)

Injection applications represent a major share of biobased polypropylene industry and are expected to attain the highest gains in the coming five years. Growing demand for lightweight materials in myriad end use industries including automotive, construction, industrial as well as packaging is driving this application landscape. The influential impact of the advanced automobile sector has also played a crucial role in changing the market dynamics. Countries such as Malaysia, China, Thailand, and Mexico are encountering a heavy surge in the vehicle sales which is further creating a lucrative consumer base to biobased PP market. As per an estimation, the overall market from injection application is anticipated to record a revenue of more than USD 20 million by the end of 2022.

Positive outlook of some of the automotive manufacturing giants like Toyota Motor Corp., General Motors, and Ford flex in this regard also have had a persuasive impact on the overall biobased polypropylene market development. An announcement by Toyota Motor Corp. which states that 20% synthetic polymers will soon be replaced by biobased PP is expected to complement the overall market dynamics in the coming time frame.

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Regionally, North America has established profound grounds enhancing biobased PP industry outlook. The trend of light weight vehicle in U.S. is acting as a prime factor catering the regional market growth. Concurrently, regulatory mandates supported by EPA to curb the greenhouse gas emission has further fueled the demand for biodegradable polymers. North America biobased polypropylene industry size is expected to expand massively in terms of volume coverage in coming five years by accounting for almost over 6 kilotons by 2022.

Textile is another niche application segment of global biobased polypropylene industry. Geotextiles which are gaining a global popularity owing to its rising scope of application in soil erosion and drainage activities is primarily favoring the overall market growth. Biobased PP market demand from textile applications is foreseen to rise high in the coming five years, with an estimated volume coverage of 1.5 kilotons by 2022. Biobased polypropylene films are being extensively implemented in green packaging especially for food and beverage and medical purposes owing to its strengthening properties and transparency. Biobased PP industry from this application is projected to show an upswing in its growth chart with a CAGR projection of 4.5% over the period of 2016-2022.

Considering the market analysis based on textile application, Asia Pacific has marked its footprints in the global landscape. With rapid industrialization of emerging economies of APAC belt such as Japan, China, India, biobased polypropylene industry is slated to register a signification growth at an annual rate of 5% over the coming five years.

Biobased PP industry is gaining a substantial traction with increasing number of market players focusing on enhancing the raw material portfolio to minimize the production cost. Some of the prominent industry participants working rigorously in this domain include Biobent Polymers, Global Bioenergies, Dow Chemicals, and Braskem.

Author Name :Satarupa De

U.S. Biopolymer Films Market to earn a massive revenue over 2016-2024, high product demand across the food packaging sector to fuel the regional growth

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Growing awareness to use eco-friendly products has brought about a change in consumer preferences, which will push Biopolymer Films Market growth exponentially. The government has also been promoting the usage of environment-friendly products to reduce pollution. Industry giants are expected to invest heavily in research & development to enhance their product portfolio. Another key factor that will influence biopolymer films industry size is the rapid expansion of the food and beverage business across the globe, which. As per the report by Global Market Insights, Inc., “Biopolymer Films market was worth USD 3 billion in 2015 and is projected to grow at an annual growth rate of 7% over the period of 2016 to 2024.”

Bio-based material comprises a vast spectrum of raw material such as pectin, starch, cellulose, protein, and chitosan, that are extensively used for biopolymer film production. The ample availability of these materials will lead bio-based biopolymer films market to record an annual growth rate of 6% over the coming seven years. Bio-based materials are extensively used for food packaging industry, which led the end-user segment to account for more than 35% of the total revenue contribution in 2015. The food packaging sector is predicted to earn significant revenue over the coming timeframe. The factors positively affecting biopolymer films industry growth are growing awareness among the consumers regarding the usage of biodegradable products along with the implementation of strict regulations by FDA and EPA.

U.S biopolymer films market size, by end-user, 2013-2024 (USD Million)
U.S biopolymer films market size, by end-user, 2013-2024 (USD Million)

Agriculture end-user segment will exceed a CAGR of 5% over the years ahead, primarily driven by the surging product demand for greenhouse components, mulching, and irrigation purposes. In addition, biopolymer-based products are being used to reduce environmental hazards by replacing synthetic glass and plastics. This, in turn, will augment biopolymer films market size considerably. Medical & pharmaceutical and home & personal care are the other notable end-user segments, which will also garner significant revenue.

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Taking into account the product trends, biopolymer films market is mainly divided into cellophane, polyamide, PHB, mulch, PVA, PLA, and PHA. PHB biopolymer films market is anticipated to register an annual growth rate of 5% over the period of 2016 to 2024. In addition to possessing the property of biodegradability, these products also offer the benefits of conventional petrochemical films. PLA biopolymer films market occupied about 25% of the overall share in 2015 and is predicted to collect noticeable revenue over the years ahead, primarily driven by the product’s usage across the food packaging and agriculture sectors.

Based on the various technologies, atomic layer deposition will record a CAGR of 5.5% over the coming years of 2016 to 2024, owing to the extensive use of this technology in PHB and PLA films, pertaining to its capability to act as a water vapor barrier. Multilayer and sol-gel are the are other lucrative technology segments of biopolymer films industry.

Considering the regional landscape, Asia Pacific biopolymer films market will register maximum growth rate over the period of 2016 to 2024. The growth can be attributed to the growing product requirement for medical and food packaging applications. Shifting consumer trends along with growing expenditure on cosmetics and food items will also augment the regional industry growth.

The contribution of the U.S. toward the regional industry has indeed been noticeable, owing to which North America biopolymer films market share was USD 800 million in 2015. This region is expected to record a flourishing growth rate over the years ahead. The attributing factor toward biopolymer films industry growth across this geography is the surging demand for the product across the packaging sector. In addition, strict implementation of rules and regulations regarding food packaging by the FDA will favor the high product demand across the U.S.

Braskem, BASF, Avery Dennison, Plastic Union, Evonik Industries, Toray Industries, Mondi Group, Amcor, Innovia Films, Taghleef Industries Inc., Amcor, Industria Termoplastica Pavese, NatureWorks, Klöckner Pentaplast, BioBag International are the noteworthy participants in biopolymer films market.

Author Name :Sunil Hebbalkar

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