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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Bio-Based Platform Chemicals Market Outlook
The global bio-based platform chemicals market is anticipated to grow at a CAGR of 8.5% during the forecast period of 2024-2032. Strict public regulations and increased customer acceptance of environmentally friendly products are important factors driving the development of the bio-based platform chemicals industry.
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Market Segmentation
Bio-based chemical platforms constitute twelve (one not yet marketed) building block chemicals that can be manufactured from sugar through biological conversions. The group includes molecules with distinct functional groups that hold the potential to be transformed into other high-value chemicals. On the basis of types, the global bio-based platform chemicals market can be segmented as:
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- Bio Glycerol
- Bio Glutamic Acid
- Bio Itaconic Acid
- Bio-3-Hydroxypropionic Acid
- Bio Succinic Acid
- Others
The EMR report looks into the regional bio-based platform chemicals markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
Due to the growing awareness and rising environmental concern among consumers, the demand for environmental-friendly products has increased, which is aiding the bio-based platform chemicals market. Since the past few years, the market for bio-based platform chemicals has seen tremendous development owing to factors like favourable government policies and regulatory drives, fluctuation in crude oil prices, and increased use of bio-based products. Supply chain issues and price volatility of raw materials are the constraints for this market, which may hamper its growth during the forecast period.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global bio-based platform chemicals market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Genomatica, Inc.
- WR Grace & Co-Conn
- BASF SE (OTCMKTS: BASFY)
- Corbion
- Rennovia, Inc.
- DuPont Tate & Lyle Bio Products Company, LLC
- Braskem
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Bio-Based Platform Chemicals Market Report Snapshots
Bio-Based Platform Chemicals Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.5% between 2024 and 2032.
The major drivers of the industry include rising population, strict public regulations, and increased customer acceptance of environmentally friendly products.
The growing awareness and rising environmental concern among consumers is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of Bio-based platforms chemicals available are bio glycerol, bio glutamic acid, bio itaconic acid, bio-3-hydroxypropionic acid, and bio succinic acid, amongst others.
The leading players in this market are Genomatica, Inc., WR Grace & Co-Conn, BASF SE (OTCMKTS: BASFY), Corbion, Rennovia, Inc., DuPont Tate & Lyle Bio Products Company, LLC, and Braskem, amongst others.
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