With 8% CAGR, Bio-Based Platform Chemicals Market Is Predicted To Reach A Size of US$ 23 Mn By 2031 | Fact.MR

According to Fact.MR's latest industry analysis on bio-based platform chemicals, the global market was valued at US$ 13 Mn in 2020 and is expected to accelerate at a CAGR of 8% to top US$ 23 Mn by 2031. Demand for C-5 platform chemicals (levulinic acid, glutamic acid, itaconic acid, and xylitol) is projected to rise at a CAGR of 7% across the assessment period of 2021 to 2031.

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Key Takeaways from Market Study

• Global bio-based platform chemicals market to top US$ 23 Mn by 2031.
• C-3 platform chemicals projected to reach around US$ 10 Mn by 2031.
• C-4 platform chemicals projected to record above 7% CAGR over next 10 years.
• North America is the most lucrative region and will generate over 50% of global revenue by 2031.
• Market in Australia expected to reach valuation of US$ 3 Mn by 2031.
• Market in Germany to record 6% CAGR over forecast period of 2021- 2031.

"Rising demand for bio-based platform chemicals from end-user industries and changes in consumer preference for eco-friendly products are key factors driving long-term growth of the market," according to a Fact.MR analyst.

Market Competition

The global bio-based platform chemicals market is moderately consolidated in nature, and is characterized by market leaders holding a significant share in terms of volume and value. Leading players are focused on strategic collaborations with the aim of bolstering the scope of applications for bio-based platform chemicals, which will generate new revenue streams in the years to come.
• Arzeda announced the expansion of its protein design platform, aimed towards applications in the commercial deployment of designer enzymes in the food sector, for the development of sustainable, nutritional ingredients.
• Cargill and Virent Inc have joined hands to analyze the scope of applications for corn dextrose, to be used as a feedstock with the help of bio-forming technology for low-carbon bio-fuels and biochemicals.

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Key Companies Profiled:

• Cargill, Inc.
• BASF SE
• Mitsubishi Chemical Corporation
• PTT Global Chemical Public Co. Ltd.
• DuPont Tate & Lyle Bio Products Company LLC
• Braskem SA
• Evonik Industries AG
• DowDuPont, Inc.
• GFBiochemicals Ltd.
• Koninklijke DSM NV
• Myriant Corporation
• Novozymes A/S
• Prinova Group LLC.

Questionnaire answered in the Bio-based Platform Chemicals Market report include:

• How the market for Bio-based Platform Chemicals has grown?
• What is the present and future outlook of the global Bio-based Platform Chemicals on the basis of region?
• What are the challenges and opportunities for the Bio-based Platform Chemicals?
• Why the consumption of Bio-based Platform Chemicals highest in region?
• In which year segment is expected to overtake segment?

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What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Bio-based Platform Chemicals market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Bio-based Platform Chemicals market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Bio-based Platform Chemicals market and assists to create strategies to overcome the obstacles that may hinder the growth of the Bio-based Platform Chemicals market.
• Leverage: The Bio-based Platform Chemicals market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Bio-based Platform Chemicals market.

Key Segments in Bio-Based Platform Chemicals Industry Research

• By Type

o C-3 Platform Chemicals
 Glycerol
 Bio-3-Hydroxypropionic Acid
o C-4 Platform Chemicals
 Succinic Acid
 Fumaric Acid
 Malic Acid
 Aspartic Acid
o C-5 Platform Chemicals
 Levulinic Acid
 Glutamic Acid
 Itaconic Acid
 Xylitol
o C-6 Platform Chemicals
 Sorbitol
 Glucaric Acid
 2,5-Furan Dicarboxylic Acid

• By Application

o Polymers
o Plastic Formulation
o Bio-fuel
o Cosmetics
o Paints & Coatings
o Solvents
o Pharmaceuticals

• By Region

o North America
o Latin America
o Europe
o East Asia
o South Asia
o Oceania
o MEA

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Table of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Fact.MR Analysis And Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks And Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis And Impact on Bio-based Platform Chemicals Market Demand
3.1.2. COVID-19 Crisis And Impact on Bio-based Platform Chemicals Market Prices
3.1.3. Impact on Market Value (US$ Mn)
3.1.3.1. Likely Loss of Value in 2020
3.1.3.2. Mid-term And Long Term Forecast
3.1.3.3. Quarter by Quarter Demand And Recovery Assessment
3.1.4. Anticipated Demand And Value Recovery Curve
3.1.4.1. Likelihood of U-Shape Recovery
3.1.4.2. Likelihood of L-Shape Recovery
Contd….

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