Biobased material companies should move beyond niche applications to address the same large markets dominated by petro-based material, according to a recent study by Lux Research. Biobased polymers have so far been largely limited to specialized applications, but the top markets for these materials are largely the same ones currently dominated by petro-based material. In their report, Bridging the Divide between Demands and Bio-based Materials, Lux says that developers should therefore aim for large, addressable markets, among which the biggest are composites and coatings, industrial manufactured intermediates and packaging. To adapt to these markets developers must bring cost parity, offer… Login to continue

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