The 5-month market and technology study will start on October 22nd, 2020 and is open to interested companies. Companies such as REHAU, an Automotive Tier 1, Asahi Kasei, Johns Manville, Mahr Metering Systems and several material manufacturers are participating in the study.
The biopolymer market is expected to grow from USD 10.5 billion in 2020 to USD 27.9 billion in 2025, with a CAGR of 21.7% over the forecast period (Source marketsandmarkets.com)
Bio-plastics are well established in industry, especially in packaging applications. The market for biopolymers is expected to grow from USD 10.5 billion in 2020 to USD 27.9 billion in 2025. At the same time, bio-based raw materials, such as natural fibers, are available on the market in a cost-effective manner. Composites with wood or natural fiber content are also increasingly used in products.
Dr. Michael Emonts, Managing Partner of AZL:
“Together with our partner companies we want toidentify hiddenbusiness potential for composites with bio-based materials. To do so, we will reapply our established approachfor market and technology studies: Based on a detailed market analysis, we will dive deep into the technological evaluation of technologies, applications and business cases.”
Based on a detailed market segmentation, AZL’s technology experts analyze the various market segments in terms of their size, growth potential, relevant players and existing and future applications. For the identified applications, the participants in the study will receive detailed insight into the respective technical and legal requirements as well as an overview of value chains, processes and materials. In the following, the strengths and challenges of bio-composites compared to conventional materials are elaborated. The consortium will select the components with the highest potential, for which suitable production scenarios will be developed and analyzed in terms of costs in a business case analysis.
The 5–month study pursues the established approach of the AZL market and technology studies, starting from a market analysis, to analyze and evaluate applications and production processes technologically in depth and to assess them in business cases regarding their production costs. (Copyright: AZL Aachen GmbH)
Dr. Steven Schmidt, Director Technology Platforms Materials at REHAU, explaining the motivation for working with the AZL and the industry consortium says:
“We are participating in the AZL study to identify and evaluate new product areas with bio-materials. The technological analyses of the AZL studies have already helped us in the past to initiate new developments. As one of the 50 Sustainability & Climate Leaders, we at REHAU are incorporating environmentally friendly materials into more and more products. Wherever the company is active -from the furniture and construction industries to the automotive industry -REHAU is already developing and manufacturing high-quality products from recycled raw materials. By 2025, REHAU plans toincrease its recycling rate across the Group to significantly more than 15 percent and at the same time reduce CO2emissions by at least 30 percent,” adds Dr. Steven Schmidt.
The kick-off of the project will take place on October22nd, 2020 in the form of a video conference.