Transparency Market Research Report Added "Biodegradable Polymers Market" to its database.
Albany, NY -- (SBWIRE) -- 06/10/2015 -- Polymers which break down, degrade and dispose easily without affecting the environment are called biodegradable plastics. They can be used in medical devices which can be used to operate human bodies and can be left inside the body to degrade. The major driving force behind the growing market of biodegradable polymers is the environmental hazards caused by the usage of non-degradable polymers (petroleum based polymers). People are becoming more aware about the effect that non-renewable polymers are having on the environment. Another factor which is driving the biodegradable polymers market is the increasing prices of crude oil, which is the base source of producing petroleum based polymers.
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New technologies of producing biodegradable polymers are being introduced in the market due to which more and more companies are entering this market. Europe is the leading market for biodegradable polymers due to the aware consumer to use renewable polymers. North America is also growing at good pace owing to the consumer shift and concern of increasing crude oil prices. Asian countries like China and Japan are also expected to be one of the major markets for biodegradable polymers.
Some of the major market players in this industry include: BASF, Cereplast, Cortec group, Mitsui Chemicals, FP International, BIOTEC GmbH& Co and others.
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