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Biorenewable chemicals are chemicals derived from bio-based feedstocks, which are renewable since they can be seasonally cultivated and exploited, as corn, sugar cane, wheat and cellulose. In most cases, prior to conversion to chemicals, the original biomass raw material will be converted into form, which can be more easily converted into chemicals as sugar, starch or plant oil.
The major feedstock for biorenewable industry is sugar, deriving mainly from sugar cane and other type of biomass, which could provide an alternative to the traditional petrochemical feedstocks that are currently driving the polymer industry.
The evolution of the chemical industry to convert bio-based feedstocks is already making inroads, due to irreversible global drivers of the chemical industry:
Growing concern about carbon footprint and sustainability Recent high volatility in energy and other commodities prices Some of the world’s largest packaging companies may accelerate this trend as they set new standards and initiatives for “Green” renewable materials The world’s bigger players in the chemical industry are seeking new feedstocks and products from renewable sources as a potential solution for dependence on petroleum, such as bio-based PE, PP, Polyethylene Terephthalate (PET), as they have a favourable GHG balance compared to fossil fuels and petrochemicals.
Responding to these economics and market drivers, some of the world`s largest chemical producers are investing in projects to more profitably manufacture biochemicals instead of biofuels. The new environment has created an exciting tipping point in strategic partnering, investment, and construction that is driving rapid growth in renewable chemicals commercialization. Projected growth rates for biorenewable chemicals are significantly above conventionally sourced chemicals and thus the high industry interest.
The fossil chemical industry will maintain its dominance, though global market drivers provide solid platform for significant growth of biorenewable industry.
This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.
Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.
The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.Learn more
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