Analysis based on 10 key product categories
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.
SPEKREIJSE Jurjen;
LAMMENS Tijs;
PARISI Claudia;
RONZON Tevecia;
VIS Martijn;
Spekreijse, J., Lammens, T., Parisi, C., Ronzon, T. and Vis, M., Insights into the European market for bio-based chemicals, EUR 29581 EN, Publications Office of the European Union, Luxembourg, 2019, ISBN 978-92-76-01500-0, doi:10.2760/739561, JRC112989.
2019-01-22
Publications Office of the European Union
JRC112989
978-92-76-01501-7 (online),
978-92-76-01500-0 (print),
1831-9424 (online),
1018-5593 (print),
EUR 29581 EN,
OP KJ-1A-29581-EN-N (online),
OP KJ-1A-29581-EN-C (print),
https://publications.jrc.ec.europa.eu/repository/handle/JRC112989,
10.2760/18942 (online),
10.2760/739561 (print),
