{"id":121013,"date":"2023-01-18T07:29:00","date_gmt":"2023-01-18T06:29:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=121013"},"modified":"2023-01-12T15:34:46","modified_gmt":"2023-01-12T14:34:46","slug":"bio-based-polyolefin-market-set-for-stellar-growth-over-next-decade","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/bio-based-polyolefin-market-set-for-stellar-growth-over-next-decade\/","title":{"rendered":"Bio-based Polyolefin Market Set for Stellar Growth Over Next Decade"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Polymer producer sustainability targets coupled with brand owner and consumer preferences will drive increased consumption of bio-polyolefins;<\/strong><\/li><li><strong>A broader supply base beckons with expanded mass balance-based production and new dedicated bio-ethylene\/propylene plants on the horizon;<\/strong><\/li><li><strong>Competition from bio-fuels may restrict feedstock availability in the medium term;<\/strong><\/li><\/ul>\n\n\n\n<p id=\"viewer-5b765\"><strong>The global market for bio-based polyolefins is forecast to multiply by a factor of more than 20 between 2022 and 2032, reaching a volume of more than 4.7 million tonnes according to a ground-breaking report released by\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.mltanalytics.com\/\" target=\"_blank\">MLT Analytics<\/a>. This impressive growth is set to be fueled by a variety of end-use applications, including existing mainstream bio-polyethylene applications such as extrusion coating, shopping bags, and blow-molded containers, and emerging bio-polypropylene applications such as hygiene, housewares, and rigid and flexible packaging.\u00a0<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201c2022 was a breakout year for bio-polyolefins in that we saw a notable diversification in the supplier base, with emerging suppliers developing and augmenting their commercial presence in the market, and adding to the dominant presence of incumbent producer Braskem,\u201d said <strong>MLT Analytics CEO and co-founder Stephen Moore<\/strong>. \u201cWe also saw the bio-PP market more than triple in scale between 2021 and 2022 as mass balance-based polymer production kicked off in Europe and Japan,\u201d he added.<\/p><\/blockquote>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/static.wixstatic.com\/media\/4e9b05_ab7610d15a494cefa42762411c8e5fbe~mv2.png\/v1\/fill\/w_740,h_420,al_c,q_85,usm_0.66_1.00_0.01,enc_auto\/4e9b05_ab7610d15a494cefa42762411c8e5fbe~mv2.png\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<p id=\"viewer-c1oem\">Most global polyolefin suppliers have announced sustainable polyolefin targets, typically to be achieved by 2030, that involve a mixed slate of polymers derived from bio-based, chemically-recycled, and mechanically-recycled feedstocks. And while the latter two routes may be preferred by some resin producers, brand owner and consumer pressures look like ensuring bio-based polyolefins will play a notable role in achieving sustainability targets.<\/p>\n\n\n\n<p id=\"viewer-dh0ut\">The European Commission\u2019s Packaging and Packaging Waste Directive (PPWD) in its current form is a potential complicating factor to market growth for bio-polyolefins according to MLT Analytics Moore. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThe Commission has essentially signaled its preference for C14 assay over mass balance as the preferred means of measuring bio content, and added that bio-based plastics should target durable applications such as pipe and automotive, thereby functioning as carbon sinks. I don\u2019t believe this is a stance that will be acceptable to bio-polyolefin suppliers given their investment in the mass balance approach.\u201d<\/p><\/blockquote>\n\n\n\n<p id=\"viewer-a2ip9\">On the bio-polyolefin supply side, the main incumbent supplier\u2014Braskem\u2014is being joined by a stable of European, Japanese, and Korean suppliers, with Dow Chemical, also increasing its presence via production assets in Europe. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cBio-polyolefins are major components of Korean and Japanese suppliers\u2019 sustainability strategies, and they will have ready access to export-oriented markets in Asia Pacific,\u201d said <strong>Moore<\/strong>. \u201cIn fact, by 2032, we expect the Asia Pacific region to overtake Europe in consumption of bio-polyolefins.\u201d<\/p><\/blockquote>\n\n\n\n<p id=\"viewer-9j5cd\">Bio-polyolefin suppliers also need to ensure they can secure sufficient bio-feedstocks to polymerize their products for the market according to Moore. \u201cMost bio-refineries focus on production of bio-fuels, with bio-naphtha being a lower priority by-product,\u201d noted Moore.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polymer producer sustainability targets coupled with brand owner and consumer preferences will drive increased consumption of bio-polyolefins; A broader supply base beckons with expanded mass balance-based production and new dedicated bio-ethylene\/propylene plants on the horizon; Competition from bio-fuels may restrict feedstock availability in the medium term; The global market for bio-based polyolefins is forecast to [&#8230;]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"The European Commission\u2019s Packaging and Packaging Waste Directive in its current form is a potential inhibitor to the bio-polyolefin market growth","footnotes":""},"categories":[5572],"tags":[5714,6026,17523],"supplier":[1604,372,21604],"class_list":["post-121013","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-biofuels","tag-biopolymers","tag-polyolefins","supplier-braskem","supplier-dow-chemical-company","supplier-mlt-analytics"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/121013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=121013"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/121013\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=121013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=121013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=121013"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=121013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}