Industry Panel Notes Need for Bio-Based Coating Solutions
SHANGHAI - Several “green” raw materials suppliers for coatings spoke at Green Industrial Coating Asia 2013 about strengthening the research and development and promotion of bio-based products in coatings. The ups and downs of oil prices lead to raw material price increases for the downstream chemical market, making bio-based alternatives an attractive option to manufacturers.
A group of chemical companies started bio-based research years ago, positioning bio-based applications as a future strategy for growth. These companies include Bayer Material Science, Allnex, Becker Industrial Coatings and BASF.