According to Zion’s market research report, the market value of global biodegradable polymers in 2014 is about $ 1.68 billion, which is expected to reach $ 5.18 billion in 2020. 2015 to 2020, the annual growth rate of more than 21%.
The polymer is a long chain monomer compound formed by a chemical reaction. It consists of a large number of repeating units and the mass is very high. Biodegradable polymers can be broken down into simple, reusable natural products after completing their mission. Biodegradable polymers are non-toxic, do not harm the environment, can be maintained before degradation, and the degradation rate can also be controlled. Degradation of biodegradable polymers mainly by means of microorganisms, decomposition will produce such as carbon dioxide, organic fuels and water such as natural by-products.
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The demand for biodegradable and biobased products is increasing as a result of sustainable development policies and increasing concerns about the use of environmentally friendly products, which is also a major driver of biodegradable polymers to capture the market. At the same time, the government supports the production of environmentally friendly biodegradable polymers is also a key factor in market growth. Oil-based polymer production of raw materials – crude oil prices also help to promote the demand for biodegradable polymers. However, biodegradable polymers are not used in the field of alternative synthetic petroleum based plastics, and are expensive to manufacture, so the production of accurate biodegradable polymers may affect market growth. Future, end-user applications and the price of raw materials for biodegradable polymers will provide potential market opportunities in the coming years.
The market for biodegradable polymers is based on type, application and region. Biodegradable polymers can be divided into hydrolyzable backbone polymers, carbon skeleton polymers and natural polymer polymers. Hydrolyzable backbone polymers are classified as polyglycolic acid (PGA), polycaprolactone (PCL), polyamide, polyurethane, in which polyglycolic acid (PGA) is widely used and consists of polyamide and polyurethane. Polyvinyl alcohol (PVA) is a polymer with a carbon backbone, and amylopectin, starch, chitin and chitosan are a class of natural macromolecules. Starch-based polymers are widely used in food packaging due to ease of use.
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Biodegradable polymers are widely used in packaging, agriculture and medicine. In medical applications, biodegradable polymers are used to prevent adhesives, drug delivery systems and surgical sutures. In addition, biodegradable polymers are used for agricultural cover, and starch-based packaging, cellulose-based packaging and PLA-based packaging.
By region, Europe accounted for the main market for biodegradable polymers in 2014, largely due to the high concentration of green technology and manufacturing in Germany and the Netherlands. It is expected that during this period, the northern United States will grow significantly, as the region’s awareness of crude oil value and rising crude oil prices. Further, the Asia-Pacific region as India and China and other emerging economies, industrial development, it is possible to accelerate the growth of the market.
In the biodegradable polymer market, Cortec Group, Mitsui Chemicals, BASF, Biotech Co., Ltd. and the two companies, CereplastMetabolix and FP International and other companies are top companies. These market participants are committed to improving the production of biodegradable polymers by research and development to expand their application
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