Global Bio-Based Chemicals Market Analysis by Product (bio-plastics and biofuels) and by applications (industrial chemicals, agriculture, pharmaceuticals and others) and Forecast 2017-2025

Bio-based chemicals are expected to witness a growing demand mainly owing its environment friendly nature and renewable source of energy. They are derived from the biomass such as trees, plants and animals. They are broadly classified into two types: bio plastics and biofuels. Among them biofuel is anticipated to depict an increasing demand, mainly due to the reduced emission of carbon and fluctuation in the crude oil prices.

Increasing demand from the end-use industries such as industrial chemicals, agriculture, pharmaceutical and others results as the major driver in boosting the market growth. Continuous demand for the engineered polymers, composites and others is one of the significant factors in propelling the market growth. Moreover, the favourable government policies and regulations in the adoption of bio based chemicals is also favouring the demand for product, thereby boosting the market growth. However, the increased cost of the chemical processing and food and safety regulations regarding the adoption of chemicals may slow down the market growth.

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Market Segmentation:
The bio-based chemical market is majorly segmented on the basis of products and applications. Depending upon the products, market is bifurcated into bio-plastics and biofuels, while on the basis of applications, market is segmented into: industrial chemicals, agriculture, pharmaceuticals and others. Among these, industrial chemical and agriculture sectors is expected to dominate the market owing to the increased adoption of bio based fertilizers for the crops.

Regional Analysis:
The global bio-based chemicals market is analysed across the regions such as: North America, Europe, Asia Pacific and LAMEA. Among the regions spanned, Asia Pacific is anticipated to dominate the market owing to the increased production and consumption in the countries such as China, India and Japan. Increased adoption of bio-fuels owing to the increased pollution in the countries such as China and India is also supporting the market growth. LAMEA is expected to emerge as fastest growing region owing to the increased sugarcane based ethanol production in the Brazil , thereby facilitating the market growth.

Key Players:
The major key players in operating in the market are: BASF SE (Germany), Bio Amber Inc. (U.S.), Braskem (Brazil), Danimer Scientific (U.S.), Mitsubishi Chemical Corporation (Japan), Myriant Corporation (U.S.), Synbra Holding bv (Netherlands), Mitsui & Co., Ltd. (Japan), Zhejiang Hisun Biomaterials Co., Ltd (China), TEIJIN LIMITED (Japan), Koninklijke DSM N.V. (Netherlands), PTT Global Chemical Public Company Limited (Thailand), NatureWorks LLC (U.S.), Corbion (Netherlands), and Metabolix, Inc. (U.S.).

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Global Bio-based chemical market segmentation
By Product:
• Bio-plastics
• Bio-Fuels

By Applications:
• Industrial chemicals
• Agriculture
• Pharmaceuticals
• Others

Regions Covered:
• North America (U.S and Canada)
• Europe (Germany, France, Italy and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)

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This release was published on openPR.