Bio-Based Platform Chemicals Market Size Global Industry Share, Industry Growth, Competitive Landscape and Forecast by 2029

Data Bridge Market Research analyses that the Bio-Based Platform Chemicals Market was valued at USD 14.42 million in 2021 and is expected to reach USD 38.61 million by 2029, registering a CAGR of 13.10% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Bio-based platform chemicals are formed by processing and breaking down bio-based materials. This method is used to form large number of materials and chemicals and which have better ability and functionality to be transformed into numerous other chemicals. Bio-based platform chemicals signify group of twelve building block chemicals that can be formed from sugar via biological conversions. This group contains molecules with variety of functional groups and holding the potential to be converted into several other high value chemicals.

Increasing regulatory concerns about environmental pollution which is caused by hazardous chemicals are likely to increase the market growth in upcoming years. The major manufacturers have to comply with rules, acts, and guidelines related to environmental concerns published by the regulatory authorities, such as European Commission (EC), Environment Protection Agency (EPA), and Authorization, Registration, Evaluation, and Restriction of Chemicals. The increasing green chemistry market and business sustainability programs are also expected to boost the market growth.

Recent Development

In June 2021, Cargill partnered with Helm Company to produce 1, 4-butanediol facility in US$ 300 million commercial scale under a JV Qore. This will help to lead brands by replacement of fossil-based chemistries with bio-based intermediates and enabling them to decrease their greenhouse gas emissions

In March 2021, OMV, an Austria-based refiner, announced to construct a pilot plant at its 200,000 b/d Schwechat refinery to produce advanced biofuels using waste-based glycerol from 2023. The facility is likely to use a catalyst to prepare about 1.23 mnl/year of propanol from glycerol. This is a waste product or byproduct which is btained from the manufacture of biodiesel.

For Better Understanding, Get PDF Broucher of Bio-based Platform Chemicals Market Research Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-bio-based-platform-chemicals-market

Global Bio-based Platform Chemicals Market Scope

The bio-based platform chemicals market is segmented on the basis of source, product type, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

Pentose Sugar
Xylose
Arabinose

Product Type

Pentanediol
Ethanol
Furfural
Hydroxymethylfurfural
2,5-Furandicarboxylic Acid
Glycerol
Isoprene
Succinic Acid
3-Hydroxypropionic Acid/Aldehyde
Levulinic Acid
Lactic Acid
Sorbitol
Xylitol

Type

Sugar
Syngas
Biogas
Oil
Algae

Application

Polymers
Fuels
Solvents
Perfumes
Food & Beverage
Pharmaceutical
Chemical
Plastic
Biofuel
Research & Development

For More Analysis on the Bio-based Platform Chemicals Market Request for a Briefing with our Analysts -
https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-bio-based-platform-chemicals-market

Bio-based Platform Chemicals Market Regional Analysis/Insights

The bio-based platform chemicals market is analyzed and market size insights and trends are provided by country, source, product type, type and application as referenced above.

The countries covered in the bio-based platform chemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the bio-based platform chemicals market in terms of market share due to increasing many government policies regarding environmental protection and rapidly growing bio-based polymer industry. Furthermore, growing adoption of bio-refinery concepts and regulatory concerns about environmental pollution caused by risky chemicals will likely boost the market growth in this region.

North America is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the innovation in renewable energies and emergence of bio-based products in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Bio-based Platform Chemicals Market Share Analysis
The bio-based platform chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bio-based platform chemicals market.

Some of the major players operating in the bio-based platform chemicals market are:

Lyondell Basell Industries Holdings BV (Netherlands)
BASF SE (Germany)
Thermo Fisher Scientific (U.S.)
Ultimate Chem India Pvt. Ltd (India)
Alpha Chemika, (India)
Haihang Industry (china)
Ronas Chemicals (China)
Merck KGaA (Germany)
Alfa Aesar (U.S.)
FUSO CHEMICAL CO., LTD. (China)
FUJIFILM Wako Pure Chemical Corporation (Japan)
Dupont (U.S.)
Braskem (Brazil)
KURARAY CO., LTD. (Japan)
DAIKIN (Japan)
Cargill Incorporated (U.S.)
IP Group plc (U.K.)
Novozymes (Denmark)
Yield10 Bioscience Inc (U.S.)

Access Full PDF Research Report @ https://www.databridgemarketresearch.com/reports/global-bio-based-platform-chemicals-market

Global Bio-Based Platform Chemicals Market Dynamics

Drivers

Increasing application of bio-based polymers

The bio-based polymers are extensively used in several applications such as consumer goods, and automotive, building & construction, which is set to boost the demand of the bio-based platform chemicals in the market and propel the growth rate of the market

Rising demand of bio-based glycerol

The rising demand of bio-based glycerol is expected to drive the growth rate of the bio-based platform chemicals market during the forecast period. Glycerol is considered as one of the most important platform chemicals. The composition of crude glycerol differs according to the properties of the biodiesel manufacturing process. It normally contains soap, fatty acid methyl esters, glycerides, glycerol, methanol, water, free fatty acids, and ash.

Moreover, growing regulatory concerns about environmental pollution caused by risky chemicals, growing disposable income with increasing population in developing countries are some another major factors which s expected to drive the growth rate of the bio-based platform chemicals market.

Opportunities

Growing demand for environment-friendly products

Rise in awareness regarding eco-friendly products is a major opportunity for the growth of the bio-based platform chemicals market. Companies are mainly focused on R&D activities for more effective market availability of bio-based platform chemicals. Now, a large number of products such as pharmaceuticals and solvents contain bio-based platforms chemicals. In the coming period, the major factors that will create lucrative opportunities in the bio-based platform chemicals market include increased health awareness among consumers and the consequent rise in the demand for bio-based ingredients in sun care and skin care cosmetic products. Governments are offering enacting regulations, safety laws and policies to improve the quality of the bio-based cosmetics to promote the use of bio-based cosmetics.

Table of Contents:

1 Introduction

2 Market Segmentation

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Global Bio-Based Platform Chemicals Market, By Deployment Type

7 Global Bio-Based Platform Chemicals Market, By Enterprise Size

8 Global Bio-Based Platform Chemicals Market, By Sales Channel

9 Global Bio-Based Platform Chemicals Market, By Application

10 Global Bio-Based Platform Chemicals Market, By Region

11 Global Bio-Based Platform Chemicals Market, Company Landscape

12 Swot Analysis

13 Company Profile

14 Questionnaire

15 Related Reports

TOC of This Report @ https://www.databridgemarketresearch.com/toc/?dbmr=global-bio-based-platform-chemicals-market

Contact Us:

Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:Corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

This release was published on openPR.