Bio-based Platform Chemicals Market Set for Rapid Growth and Trend by 2023 – Global Key Players - Aktin Chemicals, BASF SE, BioAmber, Braskem, Cargill, DowDuPont, Evonik Industries AG, INEOS

Marketprognosis.com Publish a New Market Research Report On “Global Bio-based Platform Chemicals Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Bio-based Platform Chemicals Market:

The Global Bio-based Platform Chemicals Market is expected to register a significant growth during the forecast period, 2018 to 2023. This tremendous growth is significantly driven by the growing stringent regulations on conventional petro-based platform chemicals.

The evolution of bio-refineries has driven the development of bio-based platform chemicals as an alternative to petrochemicals. Due to increasing government concerns regarding health, the environment and limited fossil resources, there is a growing interest in using sustainable technologies to produce chemicals, plastics, and other products from renewable resources. The bio-based platform chemicals offer great potential for decarbonizing everyday products, allowing everything from running shoe soles to plastics and car parts, to become bio-based. These trends are successful in creating a huge demand for bio-based platform chemicals market.

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Bio-glycerol is s major by-product in the bio-diesel manufacturing process. Bio-based glycerol is comparatively economical and is used as a feedstock in various products, like butanol, 1,3-propanediol, 2,3-butanediol, citric acid, and poly(hydroxyalkanoates) to be used in various end-user industries, such as cosmetics, pharmaceuticals, and food & beverages. Among the product types, bio-glycerol holds the largest market share of the global bio-based platform chemicals market. The demand for this segment is mainly driven due to the growing demand in developing countries, as China, India, Russia, and Latin American countries. In addition to the largest market share, it is also the fastest growing product segment during the forecast period.

Though North America is the largest regional market for global bio-based platform chemicals market, Asia-Pacific is also an equally important market as it represents the second largest and regional market with highest growth rate during the forecast period. The increasing demand from pharmaceutical, automotive, and personal care industries of the countries, like China, India, Thailand, and Korea are providing great opportunity for the bio-based platform chemicals market to continue the fastest pace of growth. The large market size with this huge growth of Asia-Pacific is instrumental in expansion of the global bio-based platform chemicals market.

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Major Key Players:

1 Aktin Chemicals, Inc.

2 BASF SE

3 BioAmber Inc

4 Braskem

5 Cargill Incorporated

6 DowDuPont

7 Evonik Industries AG

8 GF Biochemicals

9 INEOS

10 Kawasaki Kasei Chemicals and More…………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Bio-based Platform Chemicals Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.