Capacity to produce bio-based materials and chemicals grows

23 February 2015

Led by growth in the U.S. and Brazil, the global capacity to produce bio-based materials and chemicals from emerging technologies will rise to over 7.4 million metric tons in 2018, more than tripling from 2008 levels, according to Lux Research.
Lignocellulosics will be fastest-growing feedstock. Sugar and starch will remain the dominant feedstocks, accounting for 58% of total capacity, but capacity fed by lignocellulosics will register the fastest growth, at an 85% compound annual growth rate (CAGR). Intermediate chemicals such as lactic acid and monoethylene glycol will hold a nearly 40% share of the total capacity (Press Release Lux Research, 21 January 2015).
Click here for the press release.
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