Bio-based Platform Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Bio-based Platform Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021 •
  • 145 pages •
  • Report ID: 6185476 •
  • Format: PDF
The global bio-based platform chemicals market is expected to exhibit strong growth during 2021-2026.

Bio-based platform chemicals refer to the group of chemical compounds manufactured by breaking down and processing biological materials. Some of the commonly used bio-based platform chemicals include bio-glycerol, glutamic acid, itaconic acid, bio-3-hydroxypropionic acid and succinic acid. They are manufactured using amino acids, carboxylic acids, isoprene, propane, short-chain olefins, butanediols and ethanol. These chemicals act as a crucial ingredient for manufacturing chemicals and materials with improved functionalities and are used in the production of polymers, adhesives, fibers, plastic packaging, resins and cleaning agents.

Significant growth in the chemical and pharmaceutical industries represents one of the key factors creating a positive outlook for the market. In line with this, the widespread adoption of bio-itaconic acid (IA) as an alternative to petrochemical-derived products is also contributing to the market growth. IA is used as an organic compound in the manufacturing of shampoos, detergents, and various pharmaceutical products as it can dissolve in various alcohols, such as methanol, ethanol and propanol. Furthermore, increasing demand for environment-friendly and bio-based chemicals is also driving the market growth. Additionally, various product innovations, such as the development of superabsorbent polymers (SAPs), are acting as other growth-inducing factors. SAPs exhibit superior water-absorbing capabilities and are thus used for the production of diapers, adult incontinence pads, absorbent medical dressings, and controlled release drugs. Other factors, including the implementation of favorable government policies promoting sustainable development, along with extensive research and development (R&D) activities in the field of green chemistry, are anticipated to drive the market further. Looking forward, the analyst expects the global bio-based platform chemicals market to grow at a CAGR of 9.5% during the forecast period (2021-2026).

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global bio-based platform chemicals market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, chemical, feedstock and end use industry.

Breakup by Chemical:
Bio Glycerol
Bio Glutamic Acid
Bio Itaconic Acid
Bio-3-Hydroxypropionic Acid
Bio Succinic Acid
Others

Breakup by Feedstock:
Sugar
Syngas
Biogas
Oil
Others

Breakup by End Use Industry:
Polymers
Solvents
Fuels
Pharmaceuticals
Perfumes
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Braskem S/A (Odebrecht), Cargill Incorporated, DuPont de Nemours Inc., Itaconix Corporation, Koninklijke DSM N.V., LyondellBasell Industries N.V., Novozymes A/S, PTT Global Chemical Public Company Limited and Yield10 Bioscience Inc.

Key Questions Answered in This Report:
How has the global bio-based platform chemicals market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global bio-based platform chemicals market?
What are the key regional markets?
What is the breakup of the market based on the chemical?
What is the breakup of the market based on the feedstock?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global bio-based platform chemicals market and who are the key players?
What is the degree of competition in the industry?