Product category:
Laboratory and scientific books and publishing
News Release from: Frost and Sullivan | Subject: D482
Edited by the Laboratorytalk Editorial
Team on 26 February 2004
Advances in biotechnology for chemical
manufacture
Bioprocesses upstage traditional chemical processes and have the potential to be the 'third wave' following pharmaceutical and agricultural biotechnology, according to this analyst's report
Exciting advances in biotechnology are driving the increasing acceptance of biotech products in several industries, especially pharmaceuticals, agriculture, and chemicals Bioprocesses sometimes eliminate conventional steps in chemical synthesis while enabling cost-effective manufacturing
This article was originally published on Laboratorytalk on 2 Aug 2002 at 8.00am (UK)
Related stories
Smart materials: the new frontier of technology
Analysis reveals the advances made in the development of industrial applications for smart, active, or engineered materials, including their use in smart structures
Ready for convergence?
The convergence of nanotechnology, biotechnology, information technology, and cognitive science will have a substantial impact on companies and markets in the future
"The pace of bioprocess adoption in different industries will depend on the economic viability of the process and the influence of regulations," says Technical Insights analyst Miriam Nagel.
"Additionally, the difficulties associated with biotech adoption are likely to vary and concerns of one industry may not be significant for another industry".
For instance, intensity and high cost of R and D is expected to weigh down the development of biopharmaceutical drugs, whereas political uncertainties and public pressure for safe and sustainable development are critical factors in the chemicals industry.
Further reading
European cardiac risk assessment markers
Elevated European CHF mortality rates and introduction of premium-priced assays stimulate uptake of cardiac risk assessment markers, according to new research
Bubble bursts in defoamer market
Negative growth will force European pulp and paper defoamer suppliers to recognise commodity market, says new report
Banking on blood
The blood banking devices market will continue to post steady figures, aided by the industry's flexibility and adaptability to changing market needs and technological advancements
Agriculture will be another key sector confronting two primary challenges -- public apprehension over genetic engineering processes and the subsequent enactment of complex regulations.
These factors are likely to slow down the adoption of bioprocesses.
However, if the launch of blockbuster biopharmaceutical drugs for hepatitis, cancer, diabetes, and hemophilia, and the subsequent revenue surge for pharmaceutical companies in 2003, is any indication, more industries are likely to step up the deployment of bioprocesses.
"The elimination of several conventional steps used to synthesise vitamins and antibiotics has significantly reduced production cost and adverse impact on the environment, and this, in turn, is encouraging the acceptance of bioprocesses," says Nagel.
The gradual increase in adoption rate is distinctly evident from the development of biopolymers - particularly biodegradable plastics - derived entirely from renewable resources, and introduction of applications such as biodegradable cutlery and disposable compact discs.
The European Union's approval of biological fungicide for use on food crops and the green signal given by the United States for development of novel gene delivery technology that could be used in agriculture and medicine are also providing additional impetus for biotech adoption.
One of the first applications is likely to be engineered soybean varieties that are capable of superior disease resistance and reduction of saturated fat content.
"Innovation is the key for biotechnology advances in healthcare, agriculture, industrial production, and environmental management," says Nagel.
"Keeping this in mind, biotech companies are reinvesting more than 50 percent of revenues in R and D".
These sustained efforts are paying off as more than 155 biotechnology drugs and vaccines have recently been approved by the Food and Drug Administration (FDA) in the United States alone.
Remarkably, 75 percent of the approvals have come in the last six years.
"The mere fact that almost 99 percent of uncultured microbial species in the environment have not been catalogued is a signpost for the endless opportunities for application of biotechnology in different industries," opines Nagel.
"Industrial biotechnology has the potential to be the 'third wave' following pharmaceutical and agricultural biotechnology," concludes Nagel.
Advances in biotechnology for chemical manufacture: Part 2 is part of the biotechnology vertical industry subscription and showcases some of the exhilarating and seminal developments in the manufacture of biotech-based chemicals besides providing wide-ranging information on patents, drug and vaccine approvals, and registered pesticides.
The principal focus of the research is application of biotech processes in the health sciences industry: antibiotics, vitamins and biopharmaceuticals, biopolymers, biocatalysts, and biotech pest control.
• Frost and Sullivan: contact details and other news
• Email this article to a colleague
• Register for the free Laboratorytalk email newsletter
• Laboratorytalk Home Page
Search the Pro-Talk network of sites
