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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
GLOBAL RENEWABLY SOURCED POLYMERS MARKET
INTRODUCTION
It is impossible to produce polymers without using renewable resources. Renewable polymers cellulose, starch, chitosan, lignin, proteins, oils, common commodity polymers (like polyethylene and polyethylene terephthalate), and microorganisms are some of the resources. poly(ester)s.
Natural polymers like starch, cellulose, and chitin can be chemically modified to produce sustainable polymers from renewable resources. A two-step process can also be used to produce biobased polymers from biomass (lignin, cellulose, starch, and plant oils).
Sustainable polymers are currently produced commercially using seed oils from soybean or other vegetable oils and starch-containing plants like corn or sugarcane.
One of the effective solutions that the bioeconomy offers to the environmental crisis caused by plastics, particularly fossil-based plastics, is renewable bio-based polymers.
Biopolymers are naturally biodegradable polymers. The natural polymer family with the most distinctive characteristics is made up of polysaccharides like starch and cellulose.
Biodegradable materials can be made from proteins and other natural polymers. Biopolymers originate primarily from these two renewable resources.
TheGlobal Renewably sourced polymers marketaccounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Under the brand name Circulene, LyondellBasell has announced the launch of a collection of products that will enable brand owners to enhance the sustainability of consumer goods.
This announcement represents the next stage in LyondellBasell's pursuit of its sustainability objective, which is to produce and market two million metric tons of recycled and renewable-based polymers annuallyâone of the industry's most ambitious targets.
When compared to feedstock derived from fossil-based sources, the LyondellBasell circulene product family supports the reduction of plastic waste by utilizing recycled content and a lower carbon footprint by utilizing renewable based content.
It is a product that reduces the need to use virgin fossil resources to combat climate change and offers a novel solution to the end-of-life issues that the polymers and chemicals industries currently face.
It can be utilized in a wide variety of plastic applications, including toys, sports equipment, and delicate medical equipment. Utilizing bio-based waste, residues, and plastic waste in the production of high-quality goods is made possible.
Today, only 8.6% of the world's economy is circular (source: Study of the circular bioeconomy, 2020 (WBCSD and BCG). The shift to a truly circular economy is highly urgent (source: IPCC's report on global warming) and will require a wide range of technologies.
They have been working on renewable and circular transportation solutions for a decade and is now expanding its offerings to the chemicals and polymer industries.
By providing more environmentally friendly alternatives to the virgin fossil-based feedstock that is currently utilized in the production of plastics and chemicals, it contributes to the reduction of dependence on crude oil.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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