High-Growth companies of Bio-based Materials in China

High-Growth Companies in Bio-based Materials in China

1. Kingfa Sci & Tech Co., Ltd.
Website: www.kingfa.com
Headquarters: Guangzhou, China
Estimated Revenue (2023): USD 2.8 billion
Estimated Number of Employees: 8,000+
Main Business: Production of bio-based plastics and composite materials.
Key Products: Bio-degradable plastics, bio-composites.
Growth Drivers: Increased demand for sustainable materials, strong R&D capabilities, and expansion into international markets.
Key Competitors: Sinopec, BASF China.

2. Shandong Haoran Bio-Tech Co., Ltd.
Website: www.haoranbio.com
Headquarters: Shandong, China
Estimated Revenue (2023): USD 600 million
Estimated Number of Employees: 2,000+
Main Business: Production of bio-based chemicals and bio-plastics.
Key Products: Polylactic acid (PLA), biodegradable plastics.
Growth Drivers: Government support for sustainable products, partnerships with global firms, and advancements in production technology.
Key Competitors: Zhejiang Hisun Biomaterials Co., Ltd., Total Corbion PLA.

3. Zhejiang Hisun Biomaterials Co., Ltd.
Website: www.hisunpla.com
Headquarters: Zhejiang, China
Estimated Revenue (2023): USD 450 million
Estimated Number of Employees: 1,500+
Main Business: Production of bio-based and biodegradable materials.
Key Products: Polylactic acid (PLA), biodegradable resins.
Growth Drivers: Increasing global demand for eco-friendly materials, strategic partnerships, and investment in R&D.
Key Competitors: Shandong Haoran Bio-Tech, Kingfa Sci & Tech.

4. China National Petroleum Corporation (CNPC) - Bio-based Division
Website: www.cnpc.com.cn
Headquarters: Beijing, China
Estimated Revenue (2023): USD 5 billion (Bio-based division)
Estimated Number of Employees: 10,000+ (Bio-based division)
Main Business: Production of bio-based chemicals, bio-plastics, and biofuels.
Key Products: Bio-ethylene, bio-polypropylene.
Growth Drivers: Large-scale production capacity, integration into petroleum supply chains, and focus on sustainability initiatives.
Key Competitors: Sinopec, Kingfa Sci & Tech.

5. Sinopec (China Petroleum & Chemical Corporation) - Bio-based Materials Division
Website: www.sinopecgroup.com
Headquarters: Beijing, China
Estimated Revenue (2023): USD 4 billion (Bio-based division)
Estimated Number of Employees: 15,000+ (Bio-based division)
Main Business: Production of bio-based chemicals and materials.
Key Products: Bio-based plastics, bio-fuels, bio-lubricants.
Growth Drivers: Significant investments in bio-based technologies, government backing, and a strong focus on sustainability.
Key Competitors: CNPC, Kingfa Sci & Tech.

6. Cathay Industrial Biotech
Website: www.cathaybiotech.com
Headquarters: Shanghai, China
Estimated Revenue (2023): USD 350 million
Estimated Number of Employees: 1,200+
Main Business: Production of bio-based materials and intermediates, particularly for the textile and automotive industries.
Key Products: Bio-based polyamides, bio-based polyesters.
Growth Drivers: Strong demand from textile and automotive sectors, innovation in bio-based polymers, and international partnerships.
Key Competitors: Zhejiang Hisun Biomaterials, Shandong Haoran Bio-Tech.

These companies represent the leading edge of China's rapidly growing bio-based materials sector. Their growth is driven by increasing global demand for sustainable and environmentally friendly materials, government support, and significant investments in R&D. These companies are well-positioned to continue leading the bio-based materials market in China and beyond.