Industry Needs will Drive the Growth of Renewable Chemicals in Asia: Crecy

摘要

The renewable chemicals market has been predicted to grow at CAGR of 7.7 per cent and reach USD 84.3 billion by 2018 driven by ethanol and biopolymers. According to Crecy, the growth will be even higher in in Asia, especially in China, Japan and India, because of the industry needs in these regions, especially with regard to food packaging, biodegradable and compostable plastics. He believes that market growth is driven by consumer demand, the market viability and the industrial production conditions with regard to a product or a service.