Bio-based Platform Chemicals Market
Bio-based Platform Chemicals Market Analysis by Polymers, Plastic Formulations, Bio-fuel, and Cosmetics from 2023 to 2033
Analysis of Bio-based Platform Chemicals Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bio-based Platform Chemicals Market Growth Outlook (2023 to 2033)
The global bio-based platform chemicals market is estimated at US$ 17.6 Billion in 2023 and is forecast to reach US$ 35.3 Billion by 2033, growing with a CAGR of 7.2% from 2023 to 2033.
Bio-based platform chemicals are used in the production of different chemicals and products with enhanced functionality and ability. Increasing consumption of bio-based platform chemicals in chemical, pharmaceuticals, plastic, and other industries along with growing demand for organic and sustainable products are driving the market growth.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2023E) | US$ 17.6 Billion |
| Forecasted Market Value (2033F) | US$ 35.3 Billion |
| Global Market Growth Rate (2023 to 2033) | ~7.2% CAGR |
| North America Market Share (2023) | ~29.4% |
| East Asia Market Growth Rate (2023 to 2033) | ~7.4% CAGR |
| Europe Market Growth Rate (2023 to 2033) | ~6.9% CAGR |
| Key Companies Profiled | BioAmber; Cargill; BASF; Mitsubishi Chemicals Corporation; PTT Global Chemical Public; DuPont Tate & Lyle Bio Products Company; Braskem SA; Evonik Industries AG |
Historic and Future Path for Bio-based Platform Chemicals Market
Bio-based platform chemicals represent a group of building blocks that are manufactured from sugar with the help of the biological conversion process. Bio-glycerol, bio-glutamic acid, bio-itaconic acid, bio-3-hydroxy propionic acid, and bio-succinic acid are some of the most commonly used bio-based platform chemicals.
On-going development in biorefineries has driven the evolution of bio-based chemicals as an alternative to petrochemicals. Bio-based chemicals are produced from renewable resources either by chemicals & enzymatic conversion or by fermentation, followed by product isolation and cleaning procedures. These chemicals are widely used in the applications such as polymers, plastic formulation, biofuel, cosmetics, pharmaceuticals, paints & coatings, and solvents.
- Short Term (2023 to 2026): Growing demand for bio-based chemicals in the applications such as polymers, plastic formulation, and biofuel is likely to drive the demand for bio-based platforms in the coming years.
- Medium Term (2026 to 2029): Rising crude oil prices, and awareness regarding the harmful effects of petroleum-based chemicals leading to an increased usage of bio-based chemicals in the cosmetics and pharmaceutical industry will create a significant opportunity for the growth of the bio-based platform chemicals.
- Long Term (2029 to 2033): Implementation of favorable government policies promoting sustainable development, along with extensive R&D activities in the field of green chemistry is likely to create high demand for the bio-based platform in the long term.
Market Dynamics Overview
“Rising Demand for Eco-Friendly Products to Boost Bio-based Platform Market”
Rising demand for eco-friendly products from various end-use industries is likely to create a significant opportunity for the growth of the bio-based platform market in the coming years. Significant growth in the chemical and pharmaceutical industry is considered the prime factor for the growth of the bio-based platform market.
Increasing consumption of bio-based C-3 platform chemicals, growing demand for eco-friendly & bio-based products, and increasing demand for levulinic acid and bio-based glucaric acid are some of the key factors for the growth of the bio-based platform market.
Over the period, a large number of pharmaceutical and cosmetics industry products contains bio-based platform. Rising awareness regarding health and the use of bio-based chemicals in pharmaceuticals and a significant rise in the demand for a bio-based platform from skincare products is likely to create significant growth opportunities for the bio-based platform market.
Furthermore, government across the globe is supporting the use of bio-based chemicals in various end-use industries to reduce their carbon footprint. Governments are offering safety laws, rules, and regulations to improve the products quality of bio-based cosmetics. These factors create high demand for the bio-based platform in the coming years.
“Fluctuating Raw Material Prices is Likely to Hamper Market Growth”
Constant changing raw material prices can become a hurdle for the growth of bio-based platform chemicals in the coming years. Furthermore, the availability of raw materials such as plants, animals, and forestry materials can become challenging for bio-based platform chemical manufacturers.
Restricted availability of other sources such as waste from sugar refineries and algae can have a negative impact on the growth of the bio-based platform market during the assessment period.
The high cost of production of bio-based chemicals due to shortage of raw materials as well as in popularity along with the well-rooted application areas of fossil-fuel products can hamper bio-based platform market growth.
Country-wise Insights
What is the Market Scenario for Bio-based Platform Chemicals in the U.S.?
US holds the largest pharmaceutical industry across the globe. US Pharmaceutical and healthcare market is valued at over US$ 500 billion in 2022 and is expected to continue its dominance in the global market. US accounts for nearly 45% of the global pharmaceutical market and over 20% of the global production.
Increasing consumption of bio-based chemicals in the pharmaceutical industry is likely to create high demand for the growth of the bio-based platform market in the US.
In addition, end-use industries such as cosmetics, food & beverages, and fertilizer industries are strictly regulated by the government of US to avoid the negative impact on the health of citizens. Due to this manufacturing companies are more likely to shift to bio-based raw materials when compared to petroleum-based raw materials.
What are the Growth Opportunities for Bio-based Platform Chemicals in China?
China dominates over 50% of the market share in the East Asia region. China is witnessing high demand for bio-based products in the pharmaceutical, cosmetics, food & beverage industries. Over the past few years, consumers’ preference towards bio-based products and government regulation regarding environmental protection has grown significantly which is considered the key factor for the growth of bio-based platform chemicals.
Rapid growing bio-based polymer industry along with the increasing adoption of bio-refinery concepts is expected to drive the demand for bio-based platforms in China. Also, increasing production of C4 chemicals & bio-based chemical building blocks is likely to lift the market growth in the coming years.
Category-wise Insights
Why is the Popularity of Bio-based Itaconic Acid Rising Rapidly?
Bio-based itaconic acid is also known as bio-based methylene butanedioic acid. It is an organic compound produced through the fermentation process. There has been an increased consumption of bio-based itaconic acid as a substitute for petroleum-based products in the chemical industry. This material is soluble in alcohol such as methanol, ethanol, and propanol and is largely biodegradable.
It can be used in the production of monoester and is reactive to pyrrolidones alternative, which can be widely used in the applications such as shampoos, detergents, and many more. It can also be used in the pharmaceutical, textile, and chemical industries.
Bio-based itaconic acid has been widely used as an alternative to acrylic acid for the development of super-absorbent polymer variants. These factors are expected to increase the demand for bio-based itaconic acid during the assessment period.
Why are Bio-based Platform Chemicals Gaining Immense Popularity in the Polymer Industry?
Based on the application, polymers are likely to capture the maximum market share in the bio-based platform chemicals market. Bio-based platform chemicals are considered the most essential component in the manufacturing of polymers.
Lignocellulosic polymers are widely used in the applications such as fibers, filters, and films. The development of bio-plastic sectors is still new. The segment is likely to grow strongly during the assessment period.
Bio-based platform chemicals are used in the production of polymers including C4 aspartic acid, C6 glucaric acid, and 3-hydropropionic acid. Increasing demand for bio-based polymers in the automotive, pharmaceutical, and construction sectors is likely to generate higher revenues in the coming years.
Market Titans Key Strategies
Bio-based platform chemicals market prominent players are BioAmber, Cargill, BASF SE, Mitsubishi Chemical Corporation, PTT Global Chemicals Public, Braskem SA, Evonik Industries AG, and Novozymes A/S.
Market-leading players in the bio-based platform chemicals are focusing on long-term partnerships with raw material suppliers. Manufacturers are looking to increase their production capacity to meet the growing demand for bio-based platform chemicals.
- In 2020, Virent Inc. announced a collaboration with Cargill to analyze the use of Cargill’s corn dextrose for the development and production of low-carbon biofuels, and biochemical for jet fuel and gasoline.
Fact.MR has provided detailed information about the price points of key manufacturers of bio-based platform chemicals positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Bio-based Platform Chemicals Industry Research
-
By Type:
- C-3 Platform Chemicals
- Glycerol
- Bio-3-Hydroxpropionic Acid
- C-4 platform Chemicals
- Succinic Acid
- Fumaric Acid
- Malic Acid
- Aspartic Acid
- C-5 platform Chemicals
- Levulinic Acid
- Glutamic Acid
- Itaconic Acid
- Xylitol
- C-6 platform Chemicals
- Sorbitol
- Glucaric Acid
- 2,5-Furan Dicarboxylic Acid
- C-3 Platform Chemicals
-
By Application:
- Polymers
- Plastic Formulation
- Bio-Fuel
- Cosmetics
- Paint & coatings
- Solvents
- Pharmaceuticals
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market – Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Bio-based Platform Demand (Tons) Analysis and Forecast
- 5. Global Market – Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Type
- 7.1. C–3 Platform Chemicals
- 7.1.1. Glycerol
- 7.1.2. Bio–3–Hydroxpropionic Acid
- 7.2. C–4 Platform Chemicals
- 7.2.1. Succinic Acid
- 7.2.2. Fumaric Acid
- 7.2.3. Malic Acid
- 7.2.4. Aspartic Acid
- 7.3. C–5 Platform Chemicals
- 7.3.1. Levulinic Acid
- 7.3.2. Glutamic Acid
- 7.3.3. Itaconic Acid
- 7.3.4. Xylitol
- 7.4. C–6 Platform Chemicals
- 7.4.1. Sorbitol
- 7.4.2. Glucaric Acid
- 7.4.3. 2,5–Furan Dicarboxylic Acid
- 7.1. C–3 Platform Chemicals
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Polymers
- 8.2. Plastic Formulation
- 8.3. Bio–Fuel
- 8.4. Cosmetics
- 8.5. Paint & Coatings
- 8.6. Solvents
- 8.7. Pharmaceuticals
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country–level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Bio-based Platform Competition Analysis
- 18.1. BioAmber
- 18.2. Cargill
- 18.3. BASF
- 18.4. Mitsubishi Chemicals Corporation
- 18.5. PTT Global Chemical Public
- 18.6. DuPont Tate & Lyle Bio Products Company
- 18.7. Braskem SA
- 18.8. Evonik Industries AG
- 18.9. GFBiochemicals
- 18.10. Koninklijke DSM NV
- 18.11. Myriant Corporation
- 18.12. Novozymes A/S
- 18.13. Prinova Group LLC
- 18.14. Succinity GmBH
- 18.15. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
List Of Table
Table 1: Global Market Value (US$ million), By Region, 2018 to 2022
Table 2: Global Market Value (US$ million) and Forecast By Region, 2023 to 2033
Table 3: Global Market Volume (Tons), By Region, 2018 to 2022
Table 4: Global Market Volume (Tons) and Forecast By Region, 2023 to 2033
Table 5: Global Market Value (US$ million), By Type, 2018 to 2022
Table 6: Global Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 7: Global Market Volume (Tons), By Type, 2018 to 2022
Table 8: Global Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 9: Global Market Value (US$ million), By Application, 2018 to 2022
Table 10: Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 11: Global Market Volume (Tons), By Application, 2018 to 2022
Table 12: Global Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 13: North America Market Value (US$ million), By Country, 2018 to 2022
Table 14: North America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 15: North America Market Volume (Tons), By Country, 2018 to 2022
Table 16: North America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 17: North America Market Value (US$ million), By Type, 2018 to 2022
Table 18: North America Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 19: North America Market Volume (Tons), By Type, 2018 to 2022
Table 20: North America Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 21: North America Market Value (US$ million), By Application, 2018 to 2022
Table 22: North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 23: North America Market Volume (Tons), By Application, 2018 to 2022
Table 24: North America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 25: Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 26: Latin America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 27: Latin America Market Volume (Tons), By Country, 2018 to 2022
Table 28: Latin America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 29: Latin America Market Value (US$ million), By Type, 2018 to 2022
Table 30: Latin America Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 31: Latin America Market Volume (Tons), By Type, 2018 to 2022
Table 32: Latin America Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 33: Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 34: Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 35: Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 36: Latin America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 37: Europe Market Value (US$ million), By Country, 2018 to 2022
Table 38: Europe Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 39: Europe Market Volume (Tons), By Country, 2018 to 2022
Table 40: Europe Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 41: Europe Market Value (US$ million), By Type, 2018 to 2022
Table 42: Europe Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 43: Europe Market Volume (Tons), By Type, 2018 to 2022
Table 44: Europe Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 45: Europe Market Value (US$ million), By Application, 2018 to 2022
Table 46: Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 47: Europe Market Volume (Tons), By Application, 2018 to 2022
Table 48: Europe Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 49: East Asia Market Value (US$ million), By Country, 2018 to 2022
Table 50: East Asia Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 51: East Asia Market Volume (Tons), By Country, 2018 to 2022
Table 52: East Asia Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 53: East Asia Market Value (US$ million), By Type, 2018 to 2022
Table 54: East Asia Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 55: East Asia Market Volume (Tons), By Type, 2018 to 2022
Table 56: East Asia Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 57: East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 58: East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 59: East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 60: East Asia Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ million), By Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 63: South Asia & Oceania Market Volume (Tons), By Country, 2018 to 2022
Table 64: South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 65: South Asia & Oceania Market Value (US$ million), By Type, 2018 to 2022
Table 66: South Asia & Oceania Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 67: South Asia & Oceania Market Volume (Tons), By Type, 2018 to 2022
Table 68: South Asia & Oceania Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 70: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 71: South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 72: South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 73: MEA Market Value (US$ million), By Country, 2018 to 2022
Table 74: MEA Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 75: MEA Market Volume (Tons), By Country, 2018 to 2022
Table 76: MEA Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 77: MEA Market Value (US$ million), By Type, 2018 to 2022
Table 78: MEA Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 79: MEA Market Volume (Tons), By Type, 2018 to 2022
Table 80: MEA Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 81: MEA Market Value (US$ million), By Application, 2018 to 2022
Table 82: MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 83: MEA Market Volume (Tons), By Application, 2018 to 2022
Table 84: MEA Market Volume (Tons) and Forecast By Application, 2023 to 203
List Of Figures
Figure 1: Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3: Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 4: Global Market Y–o–Y Growth Rate By Region, 2023 to 2033
Figure 5: Global Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 6: Global Market Y–o–Y Growth Rate By Type, 2023 to 2033
Figure 7: Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 8: Global Market Y–o–Y Growth Rate By Application, 2023 to 2033
Figure 9: North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10: North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11: North America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 12: North America Market Y–o–Y Growth Rate By Country, 2023 to 2033
Figure 13: North America Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 14: North America Market Y–o–Y Growth Rate By Type, 2023 to 2033
Figure 15: North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 16: North America Market Y–o–Y Growth Rate By Application, 2023 to 2033
Figure 17: North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 18: North America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 19: North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 20: Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21: Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22: Latin America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 23: Latin America Market Y–o–Y Growth Rate By Country, 2023 to 2033
Figure 24: Latin America Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 25: Latin America Market Y–o–Y Growth Rate By Type, 2023 to 2033
Figure 26: Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 27: Latin America Market Y–o–Y Growth Rate By Application, 2023 to 2033
Figure 28: Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 29: Latin America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 31: Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33: Europe Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 34: Europe Market Y–o–Y Growth Rate By Country, 2023 to 2033
Figure 35: Europe Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 36: Europe Market Y–o–Y Growth Rate By Type, 2023 to 2033
Figure 37: Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 38: Europe Market Y–o–Y Growth Rate By Application, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis By Type, 2023 to 2033
Figure 41: Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 42: East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43: East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44: East Asia Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 45: East Asia Market Y–o–Y Growth Rate By Country, 2023 to 2033
Figure 46: East Asia Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 47: East Asia Market Y–o–Y Growth Rate By Type, 2023 to 2033
Figure 48: East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 49: East Asia Market Y–o–Y Growth Rate By Application, 2023 to 2033
Figure 50: East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 51: East Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 52: East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 53: South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 56: South Asia & Oceania Market Y–o–Y Growth Rate By Country, 2023 to 2033
Figure 57: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 58: South Asia & Oceania Market Y–o–Y Growth Rate By Type, 2023 to 2033
Figure 59: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 60: South Asia & Oceania Market Y–o–Y Growth Rate By Application, 2023 to 2033
Figure 61: South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 62: South Asia & Oceania Market Attractiveness Analysis By Type, 2023 to 2033
Figure 63: South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64: MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65: MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66: MEA Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 67: MEA Market Y–o–Y Growth Rate By Country, 2023 to 2033
Figure 68: MEA Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 69: MEA Market Y–o–Y Growth Rate By Type, 2023 to 2033
Figure 70: MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 71: MEA Market Y–o–Y Growth Rate By Application, 2023 to 2033
Figure 72: MEA Market Attractiveness Analysis By Country, 2023 to 2033
Figure 73: MEA Market Attractiveness Analysis By Type, 2023 to 2033
Figure 74: MEA Market Attractiveness Analysis By Application, 2023 to 2033
- FAQs -
What is the Global Bio-based Platform Chemicals Market Size?
The global bio-based platform chemicals market is estimated at US$ 17.6 billion in 2023.
How will the market perform over the forecast period?
During 2023 to 2033, demand for bio-based platform chemicals is expected to increase at a CAGR of 7.2%.
What is North America Market Outlook?
The North American market is estimated to capture over 1/4th of the market share.
Which Application Holds the Highest Market Share?
Polymers are anticipated to capture the maximum market share due to rising demand for bio-based polymers in the construction, automotive, and pharmaceutical sectors.
What Percentage of Bio-based Platform Chemicals Going to Register Growth in Europe?
Bio-based platform chemicals are going to register a moderate growth rate in Europe with a CAGR of 6.9% between 2023 and 2033.
Who are the Major Players in the Bio-based Platform Chemicals Market?
BioAmber, BASF SE, Cargill, Mitsubishi Corporation, PTT Global Chemicals, Breskem SA, Evonik Industries, GFBiochemicals, Novozymes A/S, Succinity GmBH are some of the prominent manufacturers in the bio-based platform chemicals market.
What are the factors driving the Bio-based Platform Chemicals Growth During the Forecast Period?
Stringent regulations related to petroleum-based platform chemicals and increasing focus on carbon emissions reduction are considered the key factor for the growth of bio-based platform chemicals.
Bio-based Platform Chemicals Market