Over the past five years, the bio-based industry has suffered as a result of consistently low oil prices. Despite worldwide crude oil prices projected to remain around $60/barrel and $70/barrel, price volatility in the intermediate chemicals market and demand for more environmentally friendly products is driving continued interest in bio-based or renewable alternatives. Yet, given the historical challenges in bringing bio-based products to market (both in terms of scale up and penetrating downstream markets) it is important to first evaluate where and how best to proceed. This report aims to identify the bio-based intermediates with the greatest potential for adoption over the next 10 years and the sizes of the markets they can capture. The report evaluates 24 intermediates based on production technology and market potential and presents scenarios beyond high oil prices that are likely to positively or negatively impact adoption.
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