Bio-based materials can replace petroleum in over $100 billion worth of polymers

In Massachusetts, Lux Research states that Bioplastics are ready to take on petro-polymers in major applications like industrial parts, coatings, and packaging. Kalib Kersh, Lux Research Analyst and the lead author of the report titled, “Bridging the Divide between Demands and Bio-Based Materials,” states, “Bio-based material developers must aim for large, addressable markets, among which the biggest are composites and coatings, industrial manufactured intermediates, and packaging.”

Khalib adds, “To meet expectations, developers must bring cost parity, offer more bio-based drop-in monomers, and close performance gaps on temperature distortion and brittleness, as well as advance bio-based polymers beyond their reputation as merely disposable.”

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