Bio-based polymer production increasing

The worldwide production capacity for bio-based polymers grew by four percent to 6.6 million tons in 2016 according to a market study by the Cologne, Germany-based nova-Institute. This represents a two percent share of the global polymer market. The bio-based polymer turnover was about $13.8 billion worldwide in 2016 compared to $11.7 billion in 2014. Production is forecasted to increase from 6.6 million tons in 2016 to 8.5 million tons by 2021. The study, “Bio-based Building Blocks and Polymers—Global Capacities and Trends 2016–2021” provides a comprehensive insight into the bio-based world market with latest data on capacities and applications for all relevant bio-based building blocks and polymers.