This report, prepared by Pöyry Management Consulting as part of the BioChem project, provides insight into the market potential of bio-based chemicals and into factors that may hinder the exploitation of this potential. The report aims to provide information to companies, particularly inustrial biotechnology start-ups, to assist in decision-making and to support the development of new support tools for stakeholders engaged in the commercialisation process.
In terms of scope, this report covers four product segments, namely bio-plastics, bio-lubricants, bio-solvents and bio-surfactants.
The total volume growth of major bio-based chemical groups between 2008-2020 is estimated at 2.1 Mt (5.3% pa). Assuming similar market value growth, the market is estimated to grow from current (2008) 21 billion EUR to 40 billion EUR in 2020. This will increase the market share of bio-based products from 4% in 2008 to 6% in 2020, providing 43,600 new jobs within the biochemical industry only. Future growth will be affected by the cost of biomass feedstocks but also by fossil fuel prices and by the level of public support. For more insight follow the link below:
Enterprise Europe Network 
Posted on September 1, 2011 by Shak Gohir