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.
About Lux Research
Lux Research is a leading provider of tech-enabled research and advisory services, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux empowers clients to make more informed decisions today to ensure future success.