WebThe global bio-based chemicals market size was valued at USD 81.23 billion in 2024 and is expected to grow at a CAGR of 10.4% during the forecast period. Bio-based chemicals are derived from a range of natural products such as plants, marine and, forestry materials. The use of bio-based chemicals has increased to optimize the byproducts of ... WebBio-based materials are the type of sustainable materials that are biodegradable and created from biomass. Traditionally, materials have been limited to innovations such as plastic, synthetic threads, and fossil fuels that, at the time, improved cost, efficiency, and convenience. However, the negative impacts on the environment caused by these ...
Bio-based Chemicals Market Size, Share, Growth Report 2030
WebMar 26, 2024 · Biobased Chemicals Update 2024. Since the first issue of the IEA Bioenergy Task 42 report on bio-based chemicals in 2011, the importance of a circular economy has become evident. In the transition to a circular economy, chemicals and materials produced from biomass will play a key role. Given the tremendous focus on … WebJun 7, 2024 · Bio-based chemical production has drawn attention regarding the realization of a sustainable society. In vitro metabolic engineering is one of the methods used for the bio-based production of value-added chemicals. This method involves the reconstitution of natural or artificial metabolic pathways by assembling purified/semi-purified enzymes in … philip halverson prayer
Evolution of the Bio-based Chemicals Market: Growth and ...
WebAn assessment done by the European Commission has indicated that bio-based products and biofuels represent approximately €57 billion in annual revenue and involve 300 000 jobs. According to forecasts, the bio-based share of all chemical sales will rise to 12.3% by 2015 and to 22% by 2024, with a compounded annual growth rate of close to 20%. WebNew Publication – Bio-Based Chemicals – a 2024 Update. Since the first issue of the IEA Bioenergy Task 42 report on bio-based chemicals in 2011, the importance of a circular … WebJan 21, 2024 · This paper gives an overview of development of the EU-bioeconomy, 2014–2024. The Vision of the new Circular Bio-based Economy, CBE is presented: Unlocking the full potential of all types of sustainably sourced biomass, crop residues, industrial side-streams, and wastes by transforming it into value-added products. The … truewrx