BETTER DATA. BETTER INTELLIGENCE. BETTER DECISIONS. ADVANCED BioSYSTEMS VIRTUAL WORKSHOP Growing the Bioeconomy in Uncertain Times Bio-based Chemicals and Materials Market Trends and Outlook 2021 12 February 2021 By Doris de Guzman Senior Consultant– Bio-Materials Tecnon OrbiChem
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Bio-based Chemicals and Materials Market Trends and ...
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Tecnon OrbiChem has been a world leader in providing data and analysis to the petrochemical industry since 1976. We are now one of the world's foremost marketing consultancies to the bulk chemicals, petrochemicals and plastics industries. We specialize in Chemical Intermediates, Synthetic Fibres and Resins.
Third-Party Independence and NeutralityTecnon OrbiChem provides independent, third-party, expert assistance to chemicals producers and consumers, financial institutions and government agencies on projects and strategic issues. Our Individual Project Studies team advises customers on planning, marketing and market development, product diversification, mergers and acquisitions or divestments.
“Bioeconomy is broadly defined as the production, and utilisation of biological resources and innovations in order to provide sustainable goods and services in all economic sectors. Bioeconomy might contribute substantially to green growth, innovativeness and sustainable development. ”
- The First Global Bioeconomy Summit 2015http://gbs2015.com/
What is Bioeconomy?
Key Drivers for Bioeconomy Initiatives
Environment
Job Creation
Energy and
Resources
GHG
Emissions
Reduction
Waste Reduction
Agriculture –improving growth and sustainability
Stimulating Innovation in chemical and manufacturing
q Global Pandemic Effects in the Chemical IndustryØ Production Lockdowns and Trade DisruptionsØ Slowdown in industrial, automotive and textiles demandØ Increase in health and hygienic products demandØ Reduced globalization of supply chainØ Accelerated Digitalization (E-Commerce, Block Chain)
q Global Pandemic Effects in RenewablesØ Slowdown in R&D due to lockdownsØ Reduced fossil fuel use, refocus on alternative feedstockØ Surge in Recycling investmentsØ Focus on climate change issues, pollution and sustainabilityØ Green Financing, Bioeconomy/Circular Economy Initiatives
Bio-based Chemicals and BioplasticsMarket Situation in 2020
q Surge in Renewable chemicals and plastics investmentsØ Single-Use Plastic Products BanØ Brand Owners Sustainability CommitmentsØ Reduction of Technology RisksØ Government Tax Credits, Federal GrantsØ Consumer preference for bio-based and sustainable materialsØ Localized production favors bio-based markets
q Risks for renewable carbon investmentsØ Volatility in government-mandated policiesØ Feedstock uncertaintiesØ Price premiumsØ Consumer confusion and Greenwashing
Bio-based Chemical and BioplasticsMarket Situation in 2020