Search

MORE NEWS
MANUFACTURING | Staff Reporter, Singapore
Published: 13 Dec 11
1013 views


Global capacity for bio-based chemicals and materials to double

Capacity pegged at 9.2 million tons by 2016 due to blistering usage appetite.

This is from 2011 capacity of 3.8 million tons. Value of 2016 capacity estimated at $19.7 billion, a 140% rise in just half a decade, according to Lux Research.

“Several strong forces – consumer preference, corporate commitment, and government mandates and support – are driving development in this space.” said Kalib Kersh, Lux Research Analyst and lead author of the report titled "Global Bio-based Chemical Capacity Springs to Scale."

“For an industry with the scale of plastics, polymers, and chemicals, no business issue is as big as that of capacity. For bio-based alternatives to compete with petroleum, they have to match billion-dollar businesses producing at megaton levels,” says Kalib.

Lux Research also forecasted growth for current well-performing bio-based materials.

"Bioplastics steal the scene but will slow down. From 2006 to 2011, bioplastics have experienced explosive growth of 1,500% to a current aggregate capacity of 470,000 tons, and a 10.9% share of all bio-based materials. Expansion is expected to moderate, though their capacity will still grow 57% from 2011 to 2016," said Lux Research.

"Cellulose polymers and starch-based plastics dominant. Cellulose polymers and starch-derived materials still rule because they are durable, strong and easily biodegradable: They’ve been widely used in high-performance plastic coatings, buttons and yarns, and even early LEGO bricks. However, their share of total capacity will slide from 45% in 2011 to 21% in 2016," it said further.



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: Global bio-based chemicals and materials, global bio-based materials capacity, Lux Research bio-based chemicals

LATEST MANUFACTURING JOBS »
  • No jobs posted on this category.
    PRINT ISSUE »

    Subscribe Now
    What factors are keeping expats rooted in Singapore?

    55 views

    What factors are keeping expats rooted in Singapore?

    292 views

    Can Asian private equity outgrow the west?

    61 views

    MOST READ EXCLUSIVES

    Singapore’s 10 most sought-after 40 and under investors

    Singapore’s 10 most sought-after 40 and under investors

    Check out who made the cut.

    by KRISANA GALLEZO
    19 Dec 2014 | 34683 views
     

    Singapore’s first permanent lifestyle market opens in Bukit Timah

    Singapore’s first permanent lifestyle market opens in Bukit Timah

    Over 20 brands and labels are gathered together under one roof.

    by KRISANA GALLEZO
    5 Jan 2015 | 29109 views

    Singapore’s top 5 work from home jobs

    Singapore’s top 5 work from home jobs

    Here are jobs that you can do while sitting on your couch or in your favorite coffee shop.

    by KRISANA GALLEZO
    11 Dec 2014 | 24276 views
     

    Singapore Business Review’s 2014 Class of 40 and under

    Singapore Business Review’s 2014 Class of 40 and under

    Meet a summa cumlaude graduate who rises from poverty to become JP Morgan’s head of corporate finance.

    by KRISANA GALLEZO
    12 Jan 2015 | 23102 views

    Find out the 10 most expensive districts to rent an HDB flat in Singapore

    Find out the 10 most expensive districts to rent an HDB flat in Singapore

    Glitzy Bukit Timah is off the list.

    by KRISANA GALLEZO
    19 Dec 2014 | 19878 views
     

    Don’t settle for less: Legendary Hong Kong brings authentic and traditional HK dishes to Singapore

    Don’t settle for less: Legendary Hong Kong brings authentic and traditional HK dishes to Singapore

    The restaurant’s construction cost over a million dollars.

    by KRISANA GALLEZO
    3 Nov 2014 | 8882 views

    Singapore’s hot new restaurants in December

    Singapore’s hot new restaurants in December

    Japanese restos take over Singapore’s sizzling dining scene.

    by KRISANA GALLEZO
    17 Dec 2014 | 7337 views
     

    The new Acronis HQ will make you feel like ‘walking into blue space’

    The new Acronis HQ will make you feel like ‘walking into blue space’

    Also, check out photos of its 7-eleven-like pantry amenities.

    by KRISANA GALLEZO
    28 Oct 2014 | 5151 views

    Do you want to build your own bike?

    Do you want to build your own bike?

    This store allows owners to creatively piece bike parts on their own.

    by KRISANA GALLEZO
    28 Oct 2014 | 2736 views
     

    Singapore’s first news aggregation app attracts 1 million users in two years

    Singapore’s first news aggregation app attracts 1 million users in two years

    Stay in the loop with news and lifestyle content from SBR and 600 other publishers.

    by KRISANA GALLEZO
    10 Dec 2014 | 2563 views

    This food hub in Seah Street brings a throwback experience to dining

    This food hub in Seah Street brings a throwback experience to dining

    It offers an exciting lunch menu which changes every week.

    by KRISANA GALLEZO
    16 Jan 2015 | 2171 views
     

    Go inside the gorgeous new headquarters of Ingredion in Singapore

    Go inside the gorgeous new headquarters of Ingredion in Singapore

    Its state-of-the-art kitchen space is not to be missed.

    by KRISANA GALLEZO
    18 Dec 2014 | 1881 views

    What Singaporean investors can expect from Okinawa’s development

    What Singaporean investors can expect from Okinawa’s development

    A 40% tax cut in setting up business is expected to lure investors.

    by KRISANA GALLEZO
    12 Dec 2014 | 1784 views
     

    Jack Wills opens its first store in Singapore

    Jack Wills opens its first store in Singapore

    A 'fun' brand that values the Brit vibe. Put your game face on!

    by KRISANA GALLEZO
    10 Dec 2014 | 1586 views

    This startup created the world’s first bed sensor technology

    This startup created the world’s first bed sensor technology

    No more patients accidentally falling off hospital beds.

    by KRISANA GALLEZO
    14 Jan 2015 | 1556 views
     

    The future of innovation: What’s next after Facebook and Twitter?

    The future of innovation: What’s next after Facebook and Twitter?

    A video version of Twitter might be under way.

    by KRISANA GALLEZO
    11 Dec 2014 | 1313 views

    What it’s like going into business with your significant other

    What it’s like going into business with your significant other

    A couple who founded an artisanal food outlet, P.Bistro, shares experience.

    by KRISANA GALLEZO
    9 Jan 2015 | 1271 views
     

    This could be your best pal when no one’s around to help during an emergency

    This could be your best pal when no one’s around to help during an emergency

    TagBio's ID-Life features accessories with critical info embedded in QR codes.

    by KRISANA GALLEZO
    16 Dec 2014 | 1203 views

    Kungfumath wants to revamp boring e-learning portals

    Kungfumath wants to revamp boring e-learning portals

    “Play with numbers” in its literal sense.

    by KRISANA GALLEZO
    5 Dec 2014 | 1026 views
     

    Meet INSEAD’s new chairman of the board

    Meet INSEAD’s new chairman of the board

    Find out how Andreas Jacobs plans to bring “business as a force for good”.

    by KRISANA GALLEZO
    14 Jan 2015 | 1019 views

    SFIC Institute's new training hub overhauls carpenters' career image

    SFIC Institute\'s new training hub overhauls carpenters\' career image

    It’s the first carpentry training center in Singapore’s furniture industry.

    by KRISANA GALLEZO
    10 Dec 2014 | 1005 views
     

    Inverted Edge gives spotlight to all independent contemporary fashion designers

    Inverted Edge gives spotlight to all independent contemporary fashion designers

    The homegrown startup has raised US$1.6M total funding in two years.

    by KRISANA GALLEZO
    3 Nov 2014 | 917 views

    FTMSGlobal Academy Singapore launches new weekend MBA

    FTMSGlobal Academy Singapore launches new weekend MBA

    The course fee is below $20,000.

    by KRISANA GALLEZO
    8 Jan 2015 | 631 views
     

    Here’s how migrants can be sure their loved ones back home paid the doctor a visit

    Here’s how migrants can be sure their loved ones back home paid the doctor a visit

    This NRI-focused startup also gives migrants monthly feedback from the doctor.

    by KRISANA GALLEZO
    7 Jan 2015 | 589 views

    ENVision campaign‘s ‘hard truth’ could make you think twice

    ENVision campaign‘s ‘hard truth’ could make you think twice

    Singapore might run out of space for trash by 2035 and more.

    by KRISANA GALLEZO
    15 Dec 2014 | 543 views
     
    close Don't Show Again

    STAY INFORMED! Get our free weekly newsletter