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The Biobased Material market is a subset of the Advanced Materials industry, focusing on materials derived from renewable biological sources. These materials are used in a variety of applications, from packaging and textiles to construction and automotive components. Biobased materials are often more sustainable than traditional materials, as they are derived from renewable sources and can be recycled or composted. Additionally, they can be used to reduce the environmental impact of products, as they are often biodegradable and have a lower carbon footprint.
Notable companies in the Biobased Material market include BASF, DuPont, Corbion, and Novamont. These companies produce a variety of biobased materials, such as bioplastics, biopolymers, and bio-based composites. Additionally, there are a number of smaller companies that specialize in the production of biobased materials, such as BioAmber, Avantium, and Bio-on. Show Less Read more