Bio-Based Platform Chemicals Market Value to Expand at $18.8 Billion by 2021 : Industry by Type (C-3 (Glycerol, and 3-Hydroxypropionic Acid), C-4 (Succinic Acid, Fumaric Acid, Malic Acid, and Aspartic Acid), C-5 (Levulinic Acid, Glutamic Acid, Itaconic Ac
Global Bio-Based Platform Chemicals Market Report, published by Allied Market Research, forecasts that the market is expected to garner $18.8 billion by 2021. Asia-Pacific held a dominant share in the global bio-based platform chemicals market in 2015, and is expected to maintain this position throughout the forecast period.
Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/1086?utm_source=opr_sank
Platform chemicals represent a group of twelve (one not commercialized yet) building block chemicals that can be produced from sugars via biological conversions. Factors responsible for the growth of the bio-based platform chemicals market are volatility in crude oil prices, availability of loEdit Linkw cost feedstock and favorable government regulations towards bio-based products. Furthermore, rising adoption of bio-based chemicals in different industries such as personal care, pharmaceuticals, food & beverages including others are some of the key factors driving the market growth. However, high production cost of bio-based chemicals is likely to hamper the market growth.
C-3 chemicals (Glycerol and 3-hydroxypropionic acid) accounted for the highest consumption in 2015, owing to its unique property of getting converted into various other useful chemicals such as alcohols, acids and resins. Furthermore, absence of a petrochemical route for the production of (3-hydroxypropionic acid) 3-HP, drives the C-3 platform chemicals market growth. 3-HP can be transformed into different high-value chemicals such as 1,3-propanediol, acrylic acid, methyl acrylate, acrylamide, malonic acid, ethyl 3-HP, propiolactone and acrylonitrile. These high value chemicals are used in a variety of applications such as solvents, plastics & molding, fibers & resins, composites, adhesives, laminates, floor polishes, paints & coatings, aliphatic polyesters & copolyesters, wastewater treatment, gel electrophoresis, papermaking, ore processing, vitamins and disinfectants used to sterilize vaccines, tissue grafts, blood plasma, surgical instruments and enzymes.
For More Info on this Report, Visit @ https://www.prnewswire.com/news-releases/global-bio-based-platform-chemicals-market-is-expected-to-reach-188-billion-by-2021-581507521.html#
C-5 chemicals forms second most dominating group in bio-based chemicals market with glutamic acid as major contributor apart from levulinic acid, itaconic acid and xylitol. Glutamic acid and its derivatives have capability to replace traditional petroleum based polymers such as polyesters and polyamide whereas itaconic acid potential to produce verity of the high value chemicals such as 3-methyl pyrrolidine, 3-methyl NMP, 4-methyl NMP, 2-methyl-1,4-BDO, 3-methyl THF, 3-methyl GBL, 4-methyl GBL, 2-methyl-1,4-butanediamine, and itaconic diamide making them fastest growing chemicals in C-5 chemicals group.
Key Findings of Bio-Based Platform Chemicals Market
• C-3 and C-5 platform chemicals, together, accounted for more than 89% of total bio-based platform chemicals consumption in 2015.
• LAMEA bio-based platform chemicals consumption is projected grow at the CAGR of 8.5% during analysis period.
• Asia-Pacific was the highest consumer of bio-based platform chemicals across the globe in 2015.
• Bio-medical industry application segment of glycerol (C-3 platform chemicals) is projected to grow at the CAGR of 25.2%.
• Out of total C-3 chemicals consumed, 3-hydroxypropionic acid accounted for more than 60% share in 2015.
• Fumaric acid accounted the largest share of the total C-4 platform chemicals.
• North America was the highest consumer of glutamic acid (C-5 platform chemical) in 2015 and is expected to maintain its lead through 2020.
The prominent players profiled include-Succinity GmbH, Bio-Amber Inc., Myriant Corporation, Novozymes, Cargill Incorporated, DSM, Metabolix Inc., GF Biochemicals, E.I. du Pont de Nemours and Company and Prinova LLC.
Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/1086?utm_source=opr_sank
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client's insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bio-Based Platform Chemicals Market Value to Expand at $18.8 Billion by 2021 : Industry by Type (C-3 (Glycerol, and 3-Hydroxypropionic Acid), C-4 (Succinic Acid, Fumaric Acid, Malic Acid, and Aspartic Acid), C-5 (Levulinic Acid, Glutamic Acid, Itaconic Ac here
News-ID: 1782654 • Views: 322
More Releases from Allied Market Research
Home Care Monitoring and Diagnostics Market to See Extensive Worldwide Growth
Global Home Care Monitoring and Diagnostics Market report it provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consists of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables). According to a new report published by Allied Market Research, titled, “Home Care Monitoring and Diagnostics Market by Product
Neuropeptide Y Receptor Market to Obtain Awesome Hike in Revenues
Global Neuropeptide Y Receptor Market report it provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consists of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables). According to a new report published by Allied Market Research, titled, “Neuropeptide Y Receptor Market by Product (Food Grade and Pharmaceutical
Infused Dried Fruits Market Size is Set for Rapid Growth and Industry Trend by 2 …
Infused dried fruits are infused with fruit sugar solution through osmotic pressure and dried at 60°C temperature. These fruits have low calories and have low added sugar. The infused dried fruit companies have to follow standards like HACCP, BRC, IFS, and ISO22000. The infused dried fruits are vegan products that have high vitamin C, and are gluten and GMO-free. These products are also suitable for diabetics because they do not
Plant-based Food Market Growing Demand, Production Scope and Revenue 2020 to 202 …
Plant-based food refers to the food products derived from plant sources, which include fruits, vegetables, whole grains, tofu, seeds, beans, lentils, and soy. Unlike a few years ago, plant-based foods are now available conveniently in most grocery stores. The plant-based foods niche market has grown into a completely mainstream industry, since the dominant meat consumers are have shifted their preference toward plant-based meat and dairy alternatives. Download Sample Report with
More Releases for Platform
MEDWISH Platform Information
The MEDWISH platform is dedicated to becoming the world's largest e-commerce platform and comprehensive service provider for hospitals worldwide. It greatly strengthens the ties between suppliers and buyers, and brings extraordinary services to both sides. Later MEDWISH versions will contain more functionalities including financing, technical, artificial intelligent, business operating, cultural and talent-recruiting services to our users. The powerful global medical network of MEDWISH will make it not only a marketplace
SOLAREUM Announces Unprecedented Platform
SOLAREUM Announces Their New Platform and Native SLRM Token Bitcoin Press Release: Solareum is pleased to announce their upcoming platform which will utilize blockchain technology and will provide cryptocurrency enthusiasts a marketplace where green energy consumption pays the user. Solareum the Amazon of Solar and Renewables. Welcome to the Solareum Marketplace, where you don’t pay for energy: energy pays you. 3rd April 2018. Lichtenstein: Solareum is pleased to announce their live website and
Trending travel platform
LetsGo2 App is the modern platform for travelers coming in & out of Los Angeles. Airport Shuttle: Premium shuttle service from LAX & most airports in the surrounding to all major cities across California. Our unique feature allow travelers to book their trip weeks ahead. Private tour: Explore Los Angeles with our various tour options. We start from your residence and bring you back home. Hollywood tour: Hollywood Sign, Walk
Healthcare BI Platform Market
Transparency Market Research estimates that global market for healthcare BI platform will exhibit an impressive CAGR of 11.7% over the period between 2015 and 2023, rising form a net worth of US$1.5 bn in 2014 to an opportunity of US$3.9 bn by 2023. North America Market to Lead the Way From a geographical standpoint, the market for healthcare BI platform in North America held the dominant 47.8% of the global market in
ScheduleOnce unveils redesigned platform
September 6, 2017 -- ScheduleOnce, a leading scheduling automation solution, today announced the launch of ‘The all-new ScheduleOnce - Release 8.0.’ This release introduces a complete revamp of the application. The platform was redesigned inside and out, to bring customers and users an improved experience. “ScheduleOnce 8.0 is our biggest release to date. It celebrates what we have become since 2006 and showcases what we are all about
Digital Commerce Platform Market
This report intends to provide a comprehensive strategic analysis of the global digital commerce platform market along with revenue and growth forecasts for the period from 2014 to 2024. With advancements in digital commerce platforms and rising demand for Internet based commerce in retail, the digital commerce platform market is expected to experience high growth in the coming decade. Some of the factors supporting the growth of the market worldwide