EU bio-based chemical production maintains a 3.6% annual growth by 2025

In the report, the experts described 10 key bio-based chemical products, detailing their level of production and consumption in the EU market, maturity, and the main drivers and constraints for their future development.

 These 10 products are platform chemicals, solvents, plastic polymers, paints, coatings, inks and dyes, surfactants, cosmetics and personal care products, adhesives, lubricants, plasticizers and rayon. According to statistics, the total production of bio-based products in the EU is about 4.7 million tons per year, accounting for 3% of the entire market (that is, 97% of petroleum-based products). The market is diversified and large, and there are differences between product categories. The compound annual growth rate for a few years is 3.6%. At present, there are still obstacles in the development of the bio-industry, such as production costs, but there are also great opportunities, and new policy measures may be helpful.

 The report covers not only innovative bio-based products, but also bio-based products that have been in production for some time (eg turpentine, rayon and cellulose acetate). The scope of this study is the EU market and therefore includes certain biobased products produced in third countries and imported into the EU market. According to statistics, RoadToBio has developed a total of about 305 bio-based products, of which 208 products can choose a business model, technical maturity level ≥ 8, of which about 50 representative products.