Biobased Chemicals Market Expected To Grow By 15 To 18 Percent By 2025

A newly released analysis on the global chemical industry is predicting strong growth for the biobased sector. Consistent with findings released recently from Lux Research and RnR Market Research, Frost & Sullivan's analysis from "Scorecard for the Global Chemicals Industry" reports that the share of biobased chemicals is expected to grow to about 15 to 18 percent of global chemical sales by 2025. As new feedstock supplies and greener processes begin to shape the new chemicals ecosystem, chemical manufacturers are focused on various strategies such as the development of integrated value chains, innovation and technology management, and chemical recycling to name a few, to ensure growth and sustainability.