Description

The global dependence on fossil resources is causing increasing concern since it is associated with several environmental issues which contribute to global warming. There are issues related to peak oil and security of supply, as well as price instability and global equity aspects. The utilization of biochemicals in manufacturing basic building block chemicals or end-products will be one of the ways to reduce the high dependence on crude oil and to control carbon dioxide emission. This research service features various technology and market aspects of biochemicals such as the market potential, IP intensity, points of technology convergence across different clusters, impact of various megatrends and size of the innovation ecosystem.