The G DiLine Network

A global shift towards bio based products coupled with end-use applications in the pharmaceutical and food & beverage industries is expected to be a key driving factor for the biotechnology based chemicals market growth over the next seven years. The pharmaceutical industry is the dominant biotechnology based chemicals consumer owing to increasing natural medicines demand compared to its counterparts such as synthetic chemicals. Rising awareness regarding ill effects associated with chemical drugs intake is anticipated to positively impact the biotechnology based chemicals industry over the forecast period. The animal feed industry is one of the key biotechnology based chemicals consumer. Biotechnology based chemicals market is slated to witness significant growth due to increasing lysine demand in the animal feed industry. Rising demand for polylactic acid (PLA) plastics manufacturing will require increasing lactic acid quantity. This in turn is expected to augment the biotechnology based chemicals market growth over the forecast period. Industrial biotechnology offers processes with reduced carbon footprints and greenhouse gas emissions (GNG) compared to petroleum products. These are cleaner and utilize less energy than synthetic processes. This in turn is expected to drive biotechnology based chemicals market growth. Biotechnology based chemicals products, a niche operation in terms of world chemical production, are anticipated to witness significant growth owing to rapid industrial biotechnology advancement coupled with crude oil price rise. This factor is anticipated to result in higher penetration of the biotechnology based chemicals market. Biotechnology based chemicals include lactic acid, lysine, glutamic acid, polyhydroxyalkanoates threonine, and citric acid. The most widely used amino acid manufactured as well as consumed in the world is glutamic acid. High raw material and processing cost is anticipated to hinder biotechnology based chemicals market growth and pose challenges to industry participants over the forecast period. With the dominant petroleum industry, there is a need to convert under-utilized biological material into useful products. Increasing bio based chemicals application addresses industrial needs through biological material products and processes. Growing industrial needs such as exploration and production (E&P) activities is expected to offer lucrative opportunities for industry participants over the forecast period. A new value chain starting with bio based feedstock and bio refineries at core is expected to yield immense opportunities to industry participants and augment the biotechnology based chemicals market.

Asia Pacific is expected to emerge as a key region for the biotechnology based chemicals market owing to growing pharmaceutical industry in emerging economies such as China and India. Rising citric acid demand from food & beverage industry in China is expected to positively impact biotechnology based chemicals market growth in the region over the forecast period. Shift in consumer preferences towards bio based products usage owing to increasing awareness regarding health hazards associated with non-bio based products is projected to drive biotechnology based chemicals market growth in North America and Europe. Dominant animal feed industry presence in China and the U.S. due to increasing lysine application as a supplement in swine and poultry feeds is expected to complement market growth over the forecast period. The U.S. has many existing biorefineries, which process corn into sugars, oils, food ingredients, and animal feeds. Europe is expected to witness considerable market growth over the next seven years. However, there are certain hurdles such as lacking industry knowledge and applicable policies forcing shift in production capacities outside Europe despite the technological knowhow in the region.

Biotechnology based chemicals market price depends on raw material and processing technology cost. Only a fraction of available biomass is utilized in biotechnology based chemicals production owing to high conversion costs, which has resulted in underutilization of resources. R&D is highly expensive while pilot plants require huge investments. Long term biotechnology based chemicals market growth depends on cost competitive technology development which is influenced by scale and access to diverse markets and biomass availability at low cost. This is expected to be one of the strategies adopted by producers to sustain and grow in this market over the forecast period. Major players operating in global biotechnology based chemicals market include Kemin Europa, Clariant, JC Biotech, Rossari Biotech Ltd., BioAmber, Inc., Krishnai Biotech, and Stora Enso.

Originally Published
Grand View Research, Inc.

https://g-dil.com/

The global bio polyols market is expected to witness significant growth over the next seven years. Growing environmental concerns regarding conventional polyols usage are presumed to play a critical role in shaping the future development of bio polyols over the forecast period. Demand for these bio-based products is estimated to witness annual growth rate of over 9%. Volatile crude oil prices have negatively impacted the conventional polyols demand. Increasing acceptance across multiple end-use industries over the past few years is expected to further compliment the global bio polyol market development. Shifting consumer preference for bio-based materials over synthetic chemical is expected to be beneficial for the overall bio polyols market growth. Major industry participants have invested heavily in R&D initiatives for superior and cheaper bio based products. Governments and regulatory associations such as Environmental Protection Agency (EPA), REACH, etc. have implemented several guidelines favoring bio based polyols usage. Volatile organic compounds (VOCs) which are environmentally hazardous are used in conventional polyols manufacturing. Sustainable bio based polyols emits zero to minimal VOCs in their manufacturing process. All the above mentioned factors are expected to drive the overall bio polyol market over the next seven years.

The construction industry has started using bio-based polyols over conventional polyols. Increasing infrastructure spending in emerging countries such as China, India, Malaysia, Indonesia, Russia, Brazil, and Vietnam is expected to have a positive impact on the market. Coatings and food industry growth in numerous economies is also anticipated to add value to the overall market revenue. Other major applications include transportation, adhesives, carpeting, furniture, sealants, and bedding.

High recycling of foam based waste for the production of bio polyols has helped in reducing raw materials prices for the conventional polyols. High unconventional hydrocarbon production in North America has helped in reducing petro related raw material prices for the conventional polyols. Iran recently started exporting its oil reserves and this is expected to reduce overall petrochemical prices for the next few years. All mentioned recent activities across various regions may emerge as a major concern for the bio-based polyol producers. Since bio polyol products are novel in the bio polyols market, production cost for these polyols is still extremely high. This may create a hindrance for the overall market growth. Innovations in terms of product development and acceptance across a wide range of end-use applications are anticipated to create ample lucrative opportunities for the industry participants.

North America bio polyols market dominated the overall the overall market revenue. Growing end-use industries in the U.S., Canada, and Mexico had a direct positive impact on the overall market. Italy and Germany have the largest market share in the European region. Europe bio polyols market is also expected to witness significant growth over the period. Asia Pacific is expected to witness the fastest growth over the next seven years. China India, Japan, Indonesia, Vietnam, and Malaysia are the biggest economies in the Asia Pacific region in terms of growing end-use industries. Other regional markets which are expected to grow at a faster pace include Brazil, Russia, Argentina, South Africa, and Australia.

Prominent bio polyols industry participants include Arkema S.A., Global Bio Chem Technology Group Co. Ltd., The Dow Chemical Company, BASF S.E. Other manufacturers include Stepan Company, Bayer Material Science, Mitsui Chemicals Inc., Bio Based Technologies Llc, Johnson Controls Inc., Cargill Inc., Jayant Agro Organics Ltd., E.I. DuPont de Nemours & Co., Invista S.A.R.L. and Emery Oleo Chemicals (M) Sdn Bhd. The industry is moderately fragmented. Major participants hold over 30% of the overall market share. Entry barriers are high for the market. The new entrants require innovative and strong R&D initiatives and product development process to enter the market.

Originally Published
Grand View Research, Inc.

https://g-dil.com/

WASHINGTON — Democrats are fighting to approve trillions of dollars in new spending to tackle everything from education to housing to clean energy, the culmination of years of work by advocates across the progressive movement. But finding the votes in Congress may be the easiest part.

The federal government has struggled in recent history to quickly translate cash from Congress into actual shovels in the ground. And for Democrats, deriving a political benefit would require that voters see and feel the impact before the 2022 midterm elections.

President Joe Biden will have to figure out how to spend the money on time, on budget and with the intended impact. Depending on how that all goes, Biden could end up as the next Franklin D. Roosevelt, lauded for restoring faith in big government programs, or unable to get his ambitious plan off the ground.

“Policy positions don’t win elections, but policy results win re-elections,” Tom Perriello, executive director of the Open Society Foundation in the U.S. and a former Democratic congressman from Virginia, told NBC News. “The American people are asking one question and one question only: Will this work?”

Advocates and outside experts say the Biden administration is well positioned to route money through existing programs, boost state and local governments that have an existing backlog of infrastructure projects, and accelerate clean energy trends that already have momentum in the private sector.

But there are also lots of details to fill in and many potential hurdles to overcome, even if the money is approved.

Plans to boost access to care for seniors and disabled Americans could conflict with plans to raise pay for caregivers. Billions of dollars to update the electric grid could run into objections from local communities who don’t want new power lines crossing their territory. The same “not in my backyard” mentality could also affect investments in affordable housing, which the Biden administration hopes to address with new incentives to change zoning laws.

“There’s definitely people who’ve just been legislators versus governors who think the battle’s over once the president signs the bill, when actually that’s just the beginning,” Sen. Mark Warner, D-Va., a former governor, said. “And we’ve seen, specifically, things like broadband — well-intentioned efforts not really get the expanded coverage that’s needed. So how we put in place some kind of mechanism to measure implementation, I think, would be really important.”

The pressure is already on to manage benefits approved in prior Covid-19 relief bills. There have been delays in getting child tax credits to entitled taxpayers, for example, because the IRS lacks the resources to quickly process them.

Warner said he has been closely tracking implementation of state and local aid to make sure some unusual quirks in Virginia’s local governance structure don’t affect their payouts.

Democrats and allied groups are encouraged by the Biden administration’s experience. The Cabinet is stocked with former mayors and governors who have dealt with these issues firsthand, as well as many veterans of prior administrations like White House chief of staff Ron Klain, who was Biden’s chief of staff when Biden was vice president.

“It’s details where you always find the devil,” said Sen. John Hickenlooper, D-Colo., who served two terms as governor of his state and two terms as the mayor of Denver before being elected to Congress in 2020. “Obviously, with any large investment in infrastructure and a recovery plan, there are going to be places where you encounter the unexpected. And I will say that I’m impressed by the quality of the staff that are working on those issues.”

A cautionary tale is the 2009 stimulus, whose spending initiatives Biden oversaw as vice president. Then-President Barack Obama promoted the bill as being full of “shovel ready” projects that could quickly get people working.

But investments in ambitious initiatives like high-speed rail failed to get past opposition from Republican governors, who killed transportation projects in Florida and New Jersey. Cost overruns derailed projects in Democratic states like California, where a plan to connect San Francisco to Los Angeles is stuck on more modest Central Valley line additions that are still in progress.

Many voters didn’t immediately see or feel the benefits of the legislation, even as supporters now credit the clean-energy incentives with boosting the solar and wind industries and the mix of tax breaks and infrastructure projects with staving off a more severe recession.

The Biden administration has some advantages that Obama didn’t. A big one is time. Obama took over while the recession’s job losses were peaking and legislators were desperate to identify projects that could immediately put people to work. In Biden’s case, the economy is adding jobs, despite a weak report on Friday, and there’s already a $1.9 trillion stimulus law on the books.

“I do think they’ve taken a lot of lessons from Obama,” said Carol Browner, chairwoman of the League of Conservation Voters and a former EPA administrator under Obama. “With Obama, the focus was very much on what we called ‘shovel ready’ projects. If I understand where the administration is, they won’t be limited to shovel ready; they recognize some of these investments take more time.”

The challenges will still be significant.

Browner is concerned about navigating the complexities of the clean energy industry, where every step in the supply chain from mining raw materials to manufacturing could slow its growth if mishandled. But she’s impressed so far with the administration’s foresight.

“They’re not just taking one piece of a puzzle. They’re looking at the whole picture and making sure they’re moving all the pieces together,” she said.

Transportation experts say many of the bill’s goals are likely easier to implement than some of the more ambitious 2009-era efforts like high-speed rail, if not as flashy. While Transportation Secretary Pete Buttigieg is sharing viral memes about bullet trains connecting major cities across the United States and Amtrak is releasing plans for dozens of new routes, funding in the Biden plan is more likely to go toward shoring up existing lines like on the busy Northeast corridor.

Buttigieg, for his part, has stressed that he’s thinking ahead as to how transportation money would be distributed.

“It’s going to take a lot of work,” he said in interview on Kara Swisher’s New York Times podcast. “I mean, it’s one thing to write the check or sign off on the authorization for spending. It’s another to actually get these things in the ground, to get the broadband out to people, to construct the roads, whatever part we’re talking about.”

Adie Tomer, a fellow at the Brookings Institution’s Metropolitan Policy Program, said that much of the infrastructure funding would most likely go to thousands of small projects at the state and local level, which are often already planned out and easier to get off the ground efficiently than larger ones. Think bridge repairs more than The Big Dig.

“I have very little concern there are enough projects out there,” Tomer said. “The bigger question for me is how do we value return on investment: What are good projects versus questionable projects?”

With lots of individual components come lots of opportunities for things to go wrong, however, and Republicans will watch for waste, fraud and abuse.

In 2012, Republican presidential nominee Mitt Romney attacked Obama over a $500 million-plus Department of Energy loan guarantee for Solyndra, a solar company that ended up going bankrupt. “You don’t just pick the winners and losers. You pick the losers,” he memorably said in their first debate.

Less remembered is that one of the other “losers” Romney name-checked in the exchange was an electric car manufacturer named Tesla, a DOE loan recipient that went on to become the seventh-most valuable company in the world.

Now, the company’s success is proof of concept for Biden’s ambitious plan to build thousands of charging stations, and Democrats are hoping they can point to similar impacts when they look back on things in a decade.

With that in mind, some in the administration are trying to manage expectations, especially with potentially tens of billions of dollars going to research projects on advanced technology that may or may not pan out. Even in a best-case scenario, there are going to be duds.

“Sometimes you swing and miss,” Energy Secretary Jennifer Granholm told Politico Nightly this month. “And that’s OK.”

After 15 Years of Avid Personal Use, Film Star Takes Role of Leading Man for Vibration Training’s Leading Brand

MUMBAI – May 4, 2021 – Power Plate®, the global leaders in whole body vibration training equipment and programming, today announced worldwide film star Mark Wahlberg has officially joined the company as both an investor in parent company, Performance Health Systems, and brand ambassador for Power Plate. One of the most fitness-oriented of Hollywood’s A-list leading men, Wahlberg has been a steadfast Power Plate user for 15 years, with vibration training playing a central role in his ongoing personal training and wellness-focused lifestyle.

Highlighted by its ability to enhance and accelerate the benefits of conventional exercise, Power Plate’s unmatched PrecisionWave Technology™ allows users to move, feel and live better. It’s for these reasons that Wahlberg has utilized Power Plate products for so many years and has now officially joined the company.

With a diversified mix of products ranging from its gold-standard vibration plate models featuring the company’s PrecisionWave Technology, to its targeted vibration products such as the Roller, DualSphere and Pulse massage gun, Power Plate has been the dominant innovator and driving force for vibration training equipment and programming for more than 20 years.

“The fact that Power Plate has been relatively unknown for so long surprised me,” said Wahlberg. “I’ve been a satisfied customer for over a decade, so I decided to get involved in spreading awareness about their game-changing products.”

Over the past two decades, Power Plate has entrenched itself amongst elite athletic trainers, medical and rehabilitation professionals for its diverse range of benefits, and the totally unique ability to serve the widest range of users, from top athletes and fitness professionals, to deconditioned, elderly or disabled populations. Power Plates are used by countless collegiate and professional sports teams, as well as elite trainers and cutting-edge wellness and rehabilitation clinics around the world.

While Wahlberg’s notoriety and reputation as a fitness icon will be a valuable engine for mainstream awareness, his role will go beyond merely investor and ambassador. He will also serve as an active consultant for ongoing strategy, product and programming development.

“It’s not often you have the opportunity to align with an individual who can impact every facet of a business, from personal investment and business strategy, to increasing brand awareness and credibility, yet that’s exactly what Mark brings to Power Plate. He’s a rare individual whose voice resonates with consumers on a truly global level,” said Lee Hillman, CEO Performance Health Systems. “Over the years, Power Plate and vibration training has been unequivocally validated by medical, academic and exercise science, and yet it remains a bit of a mystery to too many people. We believe Mark can play an invaluable role in changing that, and we couldn’t be more thrilled to have him on board.”

For Wahlberg, Power Plate is the latest addition to an investment portfolio that includes other fitness-oriented brands and ventures that the actor discovered through his own personal use, including F45, a rapidly growing franchise of gyms focused on small-group functional training programs, Performance-Inspired, a provider of all-natural nutritional products and Municipal sport utility gear. The inherent synergies between these companies represent a host of potential strategic partnerships and mutually beneficial collaborations for Power Plate.

“Mark is so much more than a celebrity investor. He brings a deep understanding of fitness methodology, nutrition and business strategy,” said Hillman. “His involvement in our business carries with it an enormous array of possibilities, and we intend to explore them to the fullest.”

Power Plate with its PrecisionWave Technology is utilized and accepted by professional and collegiate sports teams and athletes, celebrities, major medical and rehabilitation centers, health and fitness professionals, leading health clubs and fitness and wellness enthusiasts around the world. To learn more about Power Plate products, programming and education, please visit PowerPlate.in For the latest updates about Power Plate, follow @PowerPlateIndia on Instagram and Facebook and @PowerPlateGulfandIndia on LinkedIn.

Power Plate India
MEDIA CONTACT INDIA
Nelke van Aspert
nelke@powerplate.in
91 22 40907050
Bandra Kurla Complex
Vibgyor Towers, G Block, Level 8, C62
Mumbai 400098

Power Plate is owned, manufactured and distributed by Northbrook, Ill.-based Performance Health Systems LLC, a global company delivering advanced technology solutions through its health and wellness equipment. Power Plate utilizes innovative science and technology to enhance movement through vibration for accelerated health, fitness and wellbeing results to improve quality of life at any age. Using Power Plate is the innovative, timesaving and results-driven way to move better, feel better, and live better.