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Insights into the European market for bio-based chemicals

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Abstract

Bio-based products can bring new functionalities to the market and make the EU economy more sustainable. According to this analysis, based on ten key chemical categories, the EU produces 4.7 Mt/a of bio-based chemicals which represents a bio-based share of about 3.0%, although the market is diverse and large differences can be found between product categories. Under a business-as-usual scenario, the overall bio-based share of the market is not expected to increase rapidly, with an estimated CAGR of 3.6%. Hurdles are still present in the development of the bio-based industry (e.g. production costs), but also big opportunities have been identified and new policy measures could help.

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  • SPEKREIJSE Jurjen & LAMMENS Tijs & PARISI Claudia & RONZON Tevecia & VIS Martijn, 2019. "Insights into the European market for bio-based chemicals," JRC Research Reports JRC112989, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc112989
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC112989
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