New Study Gives Insight In To Bio-Polymer Market

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21st August 2012 14:33 - Chemicals

According to figures released by Nova-Institute, seven sites across the globe will have the capacity to produce 50,000 tonnes per year of bio plastics by 2020, and the worldwide production capacity will reach 800,000 tonnes per year – with the capacity of rising to 950,000 tonnes per year in order to meet concrete requests from customers. The preliminary results are from the ‘Market Study on Bio-based Polymers and Plastics in the World’, which is due to be released in January 2013.

Michael Carus, managing director of Nova-Institute, noted in a statement that:

“For the very first time we have robust market data about worldwide PLA production capacity. These are considerably higher than in previous studies, which did not cover all producers. Forecasts of 800,000 or even 950,000 tonnes per year by 2020 show that PLA is definitely a polymer for the future.”

PLA refers to Polyactic Acid, a sustainable alternative to polymers manufactured from fossil fuels such as oil and one of a number of bio-polymers currently available.

The largest producer is currently NatureWorks, which has a capacity of 140,000 tonnes per year and is active in the United States and Thailand. Currently, other producers only have a capacity of 1,500 – 10,000 tonnes a year.

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