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U.S. demand for bioplastics is forecast to climb at a 20% annual pace through 2016 to 550 million pounds, valued at $680 million. Although they have achieved a considerable degree of commercial success, bioplastics remain in an early stage of development, representing only a small niche within the overall plastics industry. Going forward, technical innovations that enhance the properties of bioplastics and lower their price will drive growth. These and other trends are presented in “Bioplastics,” a new study from The Freedonia Group, Inc.
Materials manufacturer Covestro is working within the scope “Production Dreams” project, with RWTH Aachen University and the Technical University of Berlin, both in Germany, on a further process that will enable the greenhouse gas to be used as well in the environmentally friendly manufacture of elastomers on an industrial scale. Elastomers are plastics that hold their shape but are elastically formable.