The biopolymer market is expected to grow from US$10.5 billion in 2020 to US$ 27.9 billion in 2025.
The biopolymer market is expected to grow from US$10.5 billion in 2020 to US$ 27.9 billion in 2025.

Engineering center AZL Aachen GmbH has formed a consortium to investigate market potential, future applications and relevant technologies with regards to bio-based composite materials.

The five-month market and technology study will begin in October 2020 and is open to interested companies, AZL said. The market for biopolymers is expected to grow from US$ 10.5 billion in 2020 to US$ 27.9 billion in 2025 and composites with wood or natural fiber content are increasingly used in products, according to the company.

‘Together with our partner companies we want to identify hidden business potential for composites with bio-based materials,’ said Dr Michael Emonts, managing partner of AZL. ‘To do so, we will reapply our established approach for market and technology studies: based on a detailed market analysis, we will dive deep into the technological evaluation of technologies, applications and business cases.’

Interested companies can contact Philipp Fröhlig at philipp.froehlig@azl-aachen-gmbh.de.

This story uses material from AZL, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.