The World Market for Bio-Based Chemicals, 2nd Edition

  • Aug 2012
  • By SBI
  • 146 pages

The World Market for Bio-Based Chemicals, 2nd Edition

  • Aug 2012
  • By SBI
  • 146 pages

The bio-based chemicals market has continued steady and solid growth in the past two years, helped along by stabilization in glycerin prices to achieve a market of $3.6 billion in 2011. Glycerin and lactic acid accounted for just over two-thirds of the bio-based chemical market by value in 2011. However, by 2021 this market share will shrink to 53% as the emerging markets for bio-based polyethylene (PE) and epichlorohydrin (ECH) achieve 10-fold growth through the decade.


Strong biodiesel markets in South America, Europe and Asia have ensured plentiful global crude glycerin feedstocks in the last few years. While glycerin prices have stabilized since their incredible slump in 2009, their continued affordable price is driving the emergence of new bio-based intermediate chemicals using glycerin as the feedstock: propylene glycol (PG), ECH and methanol. However, the success of these new market segments greatly depends on the continued availability of affordable glycerin.


Lactic acid sales weathered the recession very well, continuing their strong, steady growth seen since 2006. Chemical and pharmaceutical applications, which includes polylactic acid (PLA) production, is maintaining its place as the fastest growing sector of lactic acid sales. In the biopolymer segment, PLA continues to lead the segment by a strong margin, while the polyhydroxyalkanoate (PHA) market, though still strong, is experiencing real fluidity due to the exit of ADM from its joint venture with Metabolix. Biopolymers have strong growth potential over the next decade, particularly if companies such as Braskem and Dow manage to increase capacity for bioethylene production and convince manufacturers of its drop-in capacity for polyethylene and other plastics.


Steady sales for lactic acid and biopolymers over the next decade will act as stable drivers for the bio-based chemicals market through to 2021. The overall growth of the market, however, greatly depends on the continued adoption of biodiesel to provide steady glycerin production and the market growth of new glycerin-based intermediate chemicals. SBI Energy expects the bio-based chemicals market to grow to $12.2 billion by 2021, accounting for 25.4 billion pounds of bio-based chemical production at the end of the decade.


The World Market for Bio-Based Chemicals, 2nd Edition by SBI Energy provides key insight into current and future markets for bio-based chemicals worldwide, with a particular emphasis on U.S., European and Asian markets. The analysis includes definitions, current product offerings and market detail on the following segments:



  • Glycerin, including both raw and refined products

  • Lactic acid, its salts and esters (i.e. lactide and other derivatives)

  • Bio-based polymers used to form plastics

  • Other industrial organic acids, amino acids and organic compounds made from bio-based feedstocks and used as precursors for the production of other chemicals.


The report also analyzes the key drivers behind the bio-based chemical market, and looks at industries that make use of bio-based chemicals for their end products, particularly bioplastics, surfactants, solvents and adhesives.

 

CHAPTER 1 EXECUTIVE SUMMARY

SCOPE & METHODOLOGY

THE GLOBAL BIO-BASED CHEMICAL MARKET

The World Glycerin Market

The World Lactic Acid Market

The World Biopolymer Market

Other Key Bio-Based Chemicals

Bio-Based Chemicals Market Forecast



BIO-BASED CHEMICAL MARKET FACTORS

Market Drivers

Market Barriers



MANUFACTURING COSTS OF BIO-BASED CHEMICALS

Bio-Based Chemical Prices



RESEARCH FUNDING & TRENDS

EMPLOYMENT TRENDS

THE MARKET FOR BIO-BASED CHEMICALS IN END-USE APPLICATIONS

Bio-Based Plastics



BIO-BASED CHEMICAL MANUFACTURERS




CHAPTER 2 INTRODUCTION

SCOPE OF THIS REPORT

METHODOLOGY

DESCRIPTION OF KEY TERMS

BIO-BASED CHEMICAL PRODUCTION

The Biorenewable Chemicals Product Chain

Biomass Feedstocks



KEY BIO-BASED CHEMICALS

Glycerin

Lactic Acid

Polylactic Acid (PLA)

Polyhydroxyalkanoates (PHA)

Polyethylene

1,3-Propandiol

Biobutanol

Epichlorohydrin (ECH)

Monoethylene Glycol (MEG)

Methanol

Propylene Glycol (PG)

Succinic Acid







CHAPTER 3 THE BIO-BASED CHEMICALS MARKET

THE GLOBAL BIO-BASED CHEMICAL MARKET

Regional Breakdown of Bio-Based Chemical Production



THE WORLD GLYCERIN MARKET

Glycerin Production & Trade



THE WORLD LACTIC ACID MARKET

Lactic Acid Production & Trade



THE WORLD BIOPOLYMER MARKET

Polylactic Acid (PLA)

Polyhydroxyalkanoates (PHA)

Bio-Polyethylene

Other Bio-Based Polymer Intermediates



OTHER KEY BIO-BASED CHEMICALS

Biobutanol

Bio-Based Epichlorohydrin (ECH)

Biomethanol

1,3-Propanediol (PDO)

Propylene Glycol

Succinic Acid

Other Bio-Based Chemicals in Development



BIO-BASED CHEMICALS MARKET FORECAST

Glycerin Forecast

Lactic Acid Forecast

Biopolymer Forecast







CHAPTER 4 TRENDS & APPLICATIONS

BIO-BASED CHEMICAL MARKET FACTORS

Market Drivers for Bio-Based Chemicals

Barriers to the Bio-Based Chemicals Market

Bio-Based Funding

Biodiesel Demand & Production

Developing Drop-in Capability



MANUFACTURING COSTS OF BIO-BASED CHEMICALS

Bio Feedstocks versus Petroleum Feedstock

Processing Costs for Bio-Based chemicals

Bio-Based Chemical Prices



RESEARCH FUNDING & TRENDS

Government Funding of Bio-Based Chemical Research is Limited

Recent Research Highlights



EMPLOYMENT TRENDS IN THE BIO-BASED CHEMICAL SECTOR

Bio-Based Chemical Jobs will Triple this Decade

Bio-Based Chemical Employment Demographics



THE MARKET FOR BIO-BASED CHEMICALS IN END-USE APPLICATIONS

Bio-Based Plastics

Key Product Segments for Bio-Based Plastics

Surfactants

Solvents

Adhesives & Sealants







CHAPTER 5 BIO-BASED CHEMICAL MANUFACTURERS

PARTNERSHIPS, COLLABORATIONS & BREAKUPS

BIO-BASED CHEMICAL COMPANIES STRUGGLE TO GO PUBLIC

ARCHER DANIELS MIDLAND

BIOAMBER

BIOMCN

BRASKEM

DUPONT

GENOMATICA

GEVO

GLOBAL BIOCHEM

INDIA GLYCOLS

METABOLIX

MYRIANT

NATUREWORKS

PROCTOR & GAMBLE

PURAC

SOLVAY




APPENDIX A ACRONYMS USED IN THE REPORT




APPENDIX B COMPANY CONTACT INFORMATION

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