Press release
Global Bio-based Chemicals Market Expansion Projected to Gain an Uptick During 2019-2025
Bio-based Chemicals are chemicals obtained from renewable sources such as agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. They have a lower carbon footprint compared to conventional petro-based chemicals and are use widely as a direct substitution.
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Demand for bio-based chemicals has been increasing due to the rise in consumption of these chemicals in various industries. Additionally, increase in need to lower greenhouse gas (GHG) emissions and rise in demand for bio-derived products due to environment concerns are projected to propel the demand for bio-based chemicals during the forecast period. Growth in initiatives to minimize carbon emissions and increase in investments in R&D activities to develop bio-based chemicals are also anticipated to fuel the market in the next few years. However, significant availability of substitute products, including polylactic acid and bio-based PET, is estimated to restrain the market in the near future.
The following manufacturers are covered:
BASF
Dow
Cargill
Evonik
Chevron
BioAmber
ADM
Metabolix
DSM
Natureworks
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Starch Blends
Regenerated Cellulose
PBS
Bio-PET
PLA
Others
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Segment by Application
Agriculture
Textiles
Food Safety
Environment
Communication
Others
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