Plastics industry

Hyosung TNC Invests $1 Billion in Future "Bio" Business

Retrieved on: 
Lundi, avril 1, 2024

Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.

Key Points: 
  • Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.
  • SEOUL, South Korea, April 1, 2024 /PRNewswire/ -- Hyun-Joon Cho, chairman of Hyosung announces major investment in the bio business, embarking on future new business ventures.
  • Hyosung TNC plans to proactively respond to the global materials market's reorganization around sustainable products by investing $1 billion to establish multiple Bio-BDO production plants capable of producing 200,000 tons annually.
  • From Raw Material to Fiber, Hyosung TNC Establishes the World's First Fully-Integrated Production System for Bio-Spandex
    With this investment, Hyosung TNC has secured the largest bio-spandex factory in Vietnam.

Hyosung TNC Invests $1 Billion in Future "Bio" Business

Retrieved on: 
Lundi, avril 1, 2024

Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.

Key Points: 
  • Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.
  • SEOUL, South Korea, March 31, 2024 /PRNewswire/ -- Hyun-Joon Cho, chairman of Hyosung announces major investment in the bio business, embarking on future new business ventures.
  • Hyosung TNC plans to proactively respond to the global materials market's reorganization around sustainable products by investing $1 billion to establish multiple Bio-BDO production plants capable of producing 200,000 tons annually.
  • From Raw Material to Fiber, Hyosung TNC Establishes the World's First Fully-Integrated Production System for Bio-Spandex
    With this investment, Hyosung TNC has secured the largest bio-spandex factory in Vietnam.

Global Bioplastics and Advanced Plastics Recycling Report 2024-2034: Market Challenges and Opportunities in Scaling Up Environment-friendly Solutions Aligned with Principles of Circular Economy - ResearchAndMarkets.com

Retrieved on: 
Lundi, mars 4, 2024

The "Global Market for Bioplastics and Advanced (Chemical) Plastics Recycling 2024-2034" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Market for Bioplastics and Advanced (Chemical) Plastics Recycling 2024-2034" report has been added to ResearchAndMarkets.com's offering.
  • Innovation in bioplastics and plastics recycling is spurring a renaissance in the petrochemical industry, with the latest technologies reinventing plastic and making waste plastic a new resource.
  • The Global Market for Bioplastics and Advanced (Chemical) Plastics Recycling 2024-2034 provides a comprehensive analysis of the global bio-based feedstocks, bio-based plastics, and advanced chemical recycling markets.
  • An extensive section is dedicated to the global bio-based and biodegradable plastics market, segmented by types including PLA, PHA, PBS, bio-PET etc.

Global Medical Plastics Strategic Research Report 2024: Market to Surpass $50 Billion by 2030 - Advancements in Medical Plastics and Production Capabilities Drive Innovative Applications - ResearchAndMarkets.com

Retrieved on: 
Mardi, février 20, 2024

The "Medical Plastics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Medical Plastics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • Engineering Plastics, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$6.3 Billion by the end of the analysis period.
  • Growth in the High Performance Plastics (hpp) segment is estimated at 7.6% CAGR for the next 8-year period.
  • The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 7.8% CAGR
    The Medical Plastics market in the U.S. is estimated at US$8.2 Billion in the year 2022.

Global Market for Bioplastics and Advanced (Chemical) Plastics Recycling 2024-2034: Detailed Projections on Global Production Capacities for Significant Bio-based Feedstocks up to 2034

Retrieved on: 
Mercredi, février 28, 2024

DUBLIN, Feb. 28, 2024 /PRNewswire/ -- The "Global Market for Bioplastics and Advanced (Chemical) Plastics Recycling 2024-2034" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 28, 2024 /PRNewswire/ -- The "Global Market for Bioplastics and Advanced (Chemical) Plastics Recycling 2024-2034" report has been added to ResearchAndMarkets.com's offering.
  • The Global Market for Bioplastics and Advanced (Chemical) Plastics Recycling 2024-2034 provides a comprehensive analysis of the global bio-based feedstocks, bio-based plastics, and advanced chemical recycling markets.
  • It covers key trends, drivers, latest developments, production capacities, producers, and market segmentation.
  • Market demand projections are provided for chemicals like lactic acid, FDCA, acrylic acid, succinic acid, 1,4-butanediol etc to 2034.

The Global Market for Bioplastics 2024-2034: Profiles of 700+ Companies Across the Bioplastics Value Chain, Including Avantium, Biome Bioplastics, Braskem, Buyo, FabricNano, FlexSea, Floreon & Gevo - ResearchAndMarkets.com

Retrieved on: 
Mardi, janvier 9, 2024

The global plastic industry is worth over $600 billion per annum, but only a small percentage of plastics are from renewable resources.

Key Points: 
  • The global plastic industry is worth over $600 billion per annum, but only a small percentage of plastics are from renewable resources.
  • Global bioplastics production grew by ~20% in 2023, with Bio-PLA, Bio-PA, Bio-PE and Bio-PTT accounting for most of the market.
  • The Global Bioplastics Market 2023-2034 is a comprehensive analysis that provides granular data and in-depth analysis of bioplastics types, feedstocks, production capacities, end use applications, market trends, drivers/challenges, regional markets, and profiles of over 700 companies.
  • Detailed quantitative data and forecasts are provided for global and regional production capacities by material and end use market to 2034.

Antimicrobial Plastics Market to Reach $55.12 Billion, Globally, by 2030 at 7.9% CAGR: Coherent Market Insights (CMI)

Retrieved on: 
Mardi, janvier 9, 2024

The antimicrobial plastics market is driven by two primary factors – the growing awareness regarding health and hygiene and the rising demand for antimicrobial packaging solutions.

Key Points: 
  • The antimicrobial plastics market is driven by two primary factors – the growing awareness regarding health and hygiene and the rising demand for antimicrobial packaging solutions.
  • Increasing Adoption of Antimicrobial Plastics in the Healthcare Industry: The healthcare industry has been witnessing a rapid adoption of antimicrobial plastics for various applications.
  • Rising Demand for Sustainable Antimicrobial Plastics: With growing environmental concerns, there is a rising demand for sustainable and eco-friendly antimicrobial plastics.
  • Read complete market research report," Antimicrobial Plastics Market, By Product, By Application, By Geography, Market Size And Share Analysis - Growth Trends And Forecasts 2023-2030 ", Published by Coherent Market Insights.

Antimicrobial Plastics Market to Reach $55.12 Billion, Globally, by 2030 at 7.9% CAGR: Coherent Market Insights (CMI)

Retrieved on: 
Mardi, janvier 9, 2024

The antimicrobial plastics market is driven by two primary factors – the growing awareness regarding health and hygiene and the rising demand for antimicrobial packaging solutions.

Key Points: 
  • The antimicrobial plastics market is driven by two primary factors – the growing awareness regarding health and hygiene and the rising demand for antimicrobial packaging solutions.
  • Increasing Adoption of Antimicrobial Plastics in the Healthcare Industry: The healthcare industry has been witnessing a rapid adoption of antimicrobial plastics for various applications.
  • Rising Demand for Sustainable Antimicrobial Plastics: With growing environmental concerns, there is a rising demand for sustainable and eco-friendly antimicrobial plastics.
  • Read complete market research report," Antimicrobial Plastics Market, By Product, By Application, By Geography, Market Size And Share Analysis - Growth Trends And Forecasts 2023-2030 ", Published by Coherent Market Insights.

Global Sustainable Masterbatch Industry Analysis Report 2023: Market Size, Share, Trends, Opportunities and Forecasts, 2018-2028

Retrieved on: 
Jeudi, décembre 14, 2023

Growing consumer interest in environment-friendly products has had a significant impact on the market for sustainable masterbatch.

Key Points: 
  • Growing consumer interest in environment-friendly products has had a significant impact on the market for sustainable masterbatch.
  • However, increasing government regulations, many petroleum-based masterbatch producers, and the accessibility of low-cost, low-quality products could significantly slow down the development of the sustainable masterbatch market during the forecast period.
  • Additionally, rising R&D in sustainable masterbatch, rising demand for biodegradable masterbatch, rapid technological advancements and coatings, and growing applications for PLA-based plastics will all provide the sustainable masterbatch market with a variety of growth opportunities during the forecast period.
  • Company Profiles: Detailed analysis of the major companies present in Global Sustainable Masterbatch market.

Biodegradable Plastics Market Forecast Report 2023-2028: Changing Consumer Preference Toward Eco Friendly Plastic Products and Increasing Use of Packaging and Compostable Bags

Retrieved on: 
Mercredi, novembre 22, 2023

The Biodegradable plastic market is projected to reach USD 20.9 billion by 2028, at a CAGR of 21.3% from USD 7.9 billion in 2023.

Key Points: 
  • The Biodegradable plastic market is projected to reach USD 20.9 billion by 2028, at a CAGR of 21.3% from USD 7.9 billion in 2023.
  • The combination of environmental concerns, regulatory actions, consumer demand, corporate sustainability efforts, and advancements in biodegradable plastics technology are driving the adoption and use of biodegradable plastics.
  • Increasing environmental regulations and changing lifestyles of consumers have increased the demand for biodegradable plastics in the packaging industry.
  • The rising population, urbanization, and industrialization are some of the factors that will drive the biodegradable plastic market in this region.