A report published by Lux Research revealed strong growth for the biobased material and chemical market with the continued improvement of technologies to commercial manufacturing levels and increasing revenues. Intermediate chemicals like adipic acid and lactic acid are expected to post the highest growth from 2 M tonne/y to 4.9 M tonne/y in 2017. Meanwhile, bio-derived polymers will increase their current 1.1 M tonne/y capacity by 18%/y through 2017.
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