Rise in Sustainability Programs is building Popularity for Bio-based Chemicals in the Global Market

According to a new market research report launched by Inkwood Research, the Global Bio-based Chemicals Market is projected to value around $32.04 billion by 2028 in terms of revenue, with a growth rate of 14.51% during the forecast period

Browse 115 market data Tables and 80 figures spread over 347 Pages, along with in-depth analysis on Global Bio-based Chemicals Market by Product Type, Application & by Geography

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Bio-based Chemicals Market Scenario

Bio-based chemicals are a range produced from biomass that acts as a building block for materials, and thus is also known as platform chemicals. These vary based on niche specialty products to large-scale commodity products, such as succinic acid, lactic acid, ethanol, among others. Some of the notable examples include tall oils, cellulose fibers, fatty acids, non-food starch, cellulose derivatives, and fermentation products, such as ethanol and citric acid.

Favorable government policies is one of the prime drivers surging the global bio-based chemicals market. A rise in activities is observed among governments from various regions in promoting business sustainability programs and green chemistry, ban on plastic, and restriction on the distribution of disposable bags. Moreover, the growing application of ecological products, fluctuations in crude oil prices, are other factors boost the potential of the market growth over the forecasting years. However, high cost, disruption in the supply chain of raw materials and feedstock, and low acceptance, are critical restraints challenging the overall growth of the market, globally.

The Global Bio-based Chemicals Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Bio-based Chemicals Market by Product Type, Application & by Geography: https://www.inkwoodresearch.com/reports/bio-based-chemicals-market/#request-free-sample

Market Segmentation

Market by Product Type
• Bioplastics
o Non-Biodegradable
 Bio PET
 Bio PE
 Bio PA
 Other Non-Biodegradable Plastics
o Bio-Degradable
 PLA
 PHA
 Regenerated Cellulose
 Biodegradable Polyester
 Other Bio-Degradable Plastics
• Bio Fuels
o Bio-Diesel
o Biogas
o Solid Biomass

Market By Application
• Food Products
o Alcoholic Beverages
o Other Food Products
• Industrial Chemicals
o Succinic Acid
o Alcohol
o Bio-Based Dyes
o Lactic Acid
o Glycerol
o Acrylic Acid
o Other Industrial Chemicals
• Agriculture
o Bio-Fertilizers
o Biopesticides
o Other Agriculture
• Pharmaceuticals
o Enzymes
o Amino Acid
o Vitamins & Related Compounds
o Antibiotics
o Other Pharmaceuticals

Report Highlights

- The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, regions and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028

Companies Profiled

• PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED
• MITSUI & CO LTD
• TEIJIN LIMITED
• ROYAL DSM NV
• METHANEX CORPORATION
• NOVOZYMES A/S
• CARGILL INCORPORATED
• MITSUBISHI CHEMICAL HOLDINGS CORPORATION
• CORBION NV
• NATUREWORKS LLC
• BASF SE
• BIOAMBER INC (INACTIVE)
• DANIMER SCIENTIFIC INC
• ABENGOA SA
• BRASKEM SA

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This release was published on openPR.