Global Bio-based Platform Chemicals Industry

Global Bio-based Platform Chemicals Industry

  • April 2021 •
  • 128 pages •
  • Report ID: 5956099 •
  • Format: PDF
Abstract:
- Global Bio-based Platform Chemicals Market to Reach 21.2 Million Tons by 2027
- Amid the COVID-19 crisis, the global market for Bio-based Platform Chemicals estimated at 13.3 Million Tons in the year 2020, is projected to reach a revised size of 21.2 Million Tons by 2027, growing at a CAGR of 6.9% over the analysis period 2020-2027. C-3 (Glycerol, and 3-Hydroxypropionic Acid), one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach 10.8 Million Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the C-4 (Succinic Acid, Fumaric Acid, Malic Acid, and Aspartic Acid) segment is readjusted to a revised 7.1% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 3.9 Million Tons, While China is Forecast to Grow at 6.5% CAGR
- The Bio-based Platform Chemicals market in the U.S. is estimated at 3.9 Million Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 3.7 Million Tons by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 5.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.
- C-5 (Levulinic Acid, Glutamic Acid, Itaconic Acid, and Xylitol) Segment to Record 7.4% CAGR
- In the global C-5 (Levulinic Acid, Glutamic Acid, Itaconic Acid, and Xylitol) segment, USA, Canada, Japan, China and Europe will drive the 7.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 820.5 Thousand Tons in the year 2020 will reach a projected size of 1.4 Million Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 2.5 Million Tons by the year 2027.

- Select Competitors (Total 38 Featured) -
  • BioAmber, Inc.
  • Cargill, Inc.
  • DowDuPont, Inc.
  • GFBiochemicals Europe (The Netherlands
  • Koninklijke DSM NV
  • Myriant Corporation
  • Novozymes A/S
  • Prinova Group LLC.
  • Succinity GmbH
  • Yield10 Bioscience, Inc.