Global Markets and Technologies for Bioplastics 2014
LONDON, Oct. 14, 2014 /PRNewswire/ -- This BCC Research report covers the bioplastics industry which is one of the fastest growing sectors since the past decade. Once considered as biodegradable plastics, bioplastics has recorded considerable growth due to its role in reducing use of petroleum as feedstock, its pricing volatility, and its occasional role as a political weapon, thus, resulting in sustainability. This report also reviews the various types of bioplastics, along with the key players, trends, and forecasts by global region and projected application type such as packaging, automotive, consumer goods and general industrial through 2019, with CAGR projections from 2014 to 2019.
Use this report to:
- Learn about the various types of bioplastics.
- Receive detailed forecasts of demand by global region and by type of resin.
- Receive profiles of the most important suppliers of bioplastics, including resin producers and compounders.
- Identify hurdles for the bioplastics industry including unpredictable pricing for oil and agricultural crops, fickle public opinion, the role of governments across the globe,
corporate commitment and new technology.
Highlights
- The global bioplastic demand totaled 1.1 million metric tons in 2013. This is expected to reach 1.4 million metric tons in 2014 and about 6 million metric tons in 2019, a compound annual growth rate (CAGR) of 32.7% for the five-year period, 2014 to 2019.
- American demand for bioplastics is expected to increase from 692,900 metric tons in 2014 to 3.3 million metric tons in 2019, a CAGR of 36.9% from 2014 to 2019.
- The European market is expected to increase from 382,950 metric tons in 2014 to nearly 1.2 million metric tons by 2019, a CAGR of 25.3% from 2014 to 2019.
INTRODUCTION
One of the fastest-growing materials sector in the past decade has been the production of plastics from renewable resources, referred to as bioplastics. The main driver of this growth is an interest in reducing use of petroleum as a feedstock because of its contribution to climate change, its pricing volatility and its occasional role as a political
weapon.
This report explains the various types of bioplastics that are available, indicates key players and trends, and provides detailed forecasts on demand by global region and
projected use by type of application, such as packaging, automotive, consumer goods and general industrial.
STUDY GOALS AND OBJECTIVES
Goals and objectives of this study include:
- Identifying trends that will affect use of bioplastics and their major end-use application markets.
- Reviewing, analyzing and forecasting specific end markets for bioplastics by material type, with sections devoted to each type of renewably sourced plastic.
- Analyzing and forecasting market developments regarding major applications for bioplastics, including packaging, automotive, electrical/ electronic, medical, building
and construction.
- Profiling many of the most important suppliers of bioplastics, including resin producers and compounders.
REASONS FOR DOING THE STUDY
The rapid emergence of bioplastics is one of the major stories in materials in recent years. Once billed as biodegradable plastics, the theme for renewably sourced plastics
has shifted dramatically in recent years to sustainability. To maximize market impact, the growing trend is to compound biobased plastics with oil-based plastics to extend
bioplastics' reach into markets for durable products used in cars and cell phones, among other applications. The focus has shifted away bioplastics' contribution to
reducing the solid waste stream and toward reducing total carbon footprint.
TARGET AUDIENCE OF THE STUDY
Due to the growing concern about climate change and negative health impacts of many existing materials, this report will be of interest to anyone who sells, designs or
manufactures products that are or could be made from polymeric materials. This report will also be of value to individuals who are helping to establish public policy concerning issues ranging from limits on use of plastics packaging to potential limits on use of vinyl compounds in medical applications.
This report will be of value to technical and business personnel in the following areas:
- Personnel in end-user companies in a wide range of industries, from retail bags to auto manufacturing.
- Marketing and management personnel in companies that produce, market and sell any type of plastics.
- Companies involved in the design and construction of process plants that manufacture resins and products made from the resins.
- Companies that supply or want to supply equipment and services to plastics companies.
- Financial institutions that provide capital for such facilities and systems, including banks, merchant bankers and venture capitalists.
- Investors in both equity and fixed-income markets; the fate of bioplastics weighs heavily on the values of the publicly traded stocks of companies such as Eastman,
Bayer, DSM and DuPont.
- Personnel in government at many levels, ranging from federal to state and local authorities, many of whom are involved in trying to ensure public health and safety;
the report also will be of interest to military scientists studying new packaging and equipment.
SCOPE AND FORMAT
The focus of this report is on plastics made from renewable resources such as biomass or food crops. There is even some potential development of bioplastics from animal
resources. Plastics that may be potentially made from waste carbon dioxide are reviewed because of their potential impact on bioplastics, but their data is not included
in the forecasts presented here. Bioplastics are further defined here as polymer materials that are produced by synthesizing—chemically or biologically—materials that
contain renewable organic materials. Natural organic materials that are not chemically modified (e.g., wood composites) are excluded. The report includes the use of
renewable resources to create monomers that replace petroleum-based monomers, such as feedstocks made from sugarcane that are used to manufacture polyester and
polyethylene. Ethanol, a major product in Brazil, is one small chemical step from ethylene.
The focal point is on the following resin chemistries:
- Polylactic acid.
- Thermoplastic starch.
- Biopolyamides (nylons).
- Polyhydroxyalkanoates (PHA).
- Biopolyols and polyurethane.
- Cellulosics.
- Biopolytrimethylene terephthalate (PTT).
- Biopolyethylene.
- Biopolyethylene terephthalate (PET).
- Polybutylene Succinate (PBS).
Biodegradable and photodegradable polymers made from petrochemical feedstocks are not included. Other renewable resin chemistries are also covered but in less detail,
as their roles are not as well developed. These include collagen and chitosan.
METHODOLOGY AND INFORMATION SOURCES
Both primary and secondary research methodologies were used in preparing this report. Extensive searches were made of literature and Internet resources, including
many of the leading trade publications, as well as technical compendia, government publications and information from trade and other associations. Many background
sources were used to develop chemical and property descriptions, but all forecasts are solely attributable to BCC Research.
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