Press release
Bio-based Platform Chemicals Market To Witness Increased Revenue Growth Owing To Rapid Increase In Demand : Fact.MR
Strong growth of disposable income and wide scope of applications, including agrochemicals, cosmetics, plastics, and chemical reactions, are likely to aid the growth of the bio-based platform chemicals market over the coming years. Players in the market are increasingly using eco-friendly and biodegradable offerings to improve market accessibility through supply and distribution channels. Investments in research for biocatalysts and easy access to biomass feedstock are likely to positively impact production, allowing for better product quality without substantial changes to the composition of the end product.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ -https://www.factmr.com/connectus/sample?flag=S&rep_id=5366
๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐ถ๐ป ๐๐ถ๐ผ-๐๐ฎ๐๐ฒ๐ฑ ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ ๐๐ต๐ฒ๐บ๐ถ๐ฐ๐ฎ๐น๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
๐๐ ๐ง๐๐ฝ๐ฒ
C-3 Platform Chemicals
Glycerol
Bio-3-Hydroxypropionic Acid
C-4 Platform Chemicals
Succinic Acid
Fumaric Acid
Malic Acid
Aspartic Acid
C-5 Platform Chemicals
Levulinic Acid
Glutamic Acid
Itaconic Acid
Xylitol
C-6 Platform Chemicals
Sorbitol
Glucaric Acid
2,5-Furan Dicarboxylic Acid
๐๐ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป
Polymers
Plastic Formulation
Bio-fuel
Cosmetics
Paints & Coatings
Solvents
Pharmaceuticals
๐๐ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐ -https://www.factmr.com/connectus/sample?flag=RC&rep_id=5366
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐๐ถ๐ผ-๐ฏ๐ฎ๐๐ฒ๐ฑ ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ ๐๐ต๐ฒ๐บ๐ถ๐ฐ๐ฎ๐น๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐
โข Strict regulations on petroleum-based products and application in drug development to generate growth opportunities.
โข Consumer preference towards eco-friendly offerings and tech innovations will provide impetus to players in the bio-based platform chemicals market.
โข Bio-glycerol holds a major market share with a wide scope of application in food & beverages, pharmaceuticals, and cosmetics.
โข North America is a dominant bio-based platform chemicals market, driven by significant investments into the pharma sector, in addition to strict environment regulations.
โข The COVID-19 pandemic will result in short-term decline in the growth of the bio-based platform chemicals market, but long-term prospects look bright.
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ
โข BioAmber, Inc.
โข Cargill, Inc.
โข BASF SE
โข Mitsubishi Chemical Corporation
โข PTT Global Chemical Public Co. Ltd.
โข DuPont Tate & Lyle Bio Products Company LLC
โข Braskem SA
โข Evonik Industries AG
โข DowDuPont, Inc.
โข GFBiochemicals Ltd.
โข Koninklijke DSM NV
โข Myriant Corporation
โข Novozymes A/S
โข Prinova Group LLC.
โข Yield10 Bioscience, Inc.
โข Succinity GmbH
๐๐ผ๐ฟ ๐ถ๐ป-๐ฑ๐ฒ๐ฝ๐๐ต ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐, ๐ฏ๐๐ ๐ป๐ผ๐ -https://www.factmr.com/checkout/5366
๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐๐ณ๐ณ๐ผ๐ฟ๐๐ ๐๐ผ ๐ฃ๐ฟ๐ผ๐๐ถ๐ฑ๐ฒ ๐๐บ๐ฝ๐ฒ๐๐๐ ๐๐ผ ๐๐ถ๐ผ-๐ฏ๐ฎ๐๐ฒ๐ฑ ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ ๐๐ต๐ฒ๐บ๐ถ๐ฐ๐ฎ๐น๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
The bio-based platform chemicals market is moderately consolidated in nature, and is characterized by significant market share among market leaders in terms of volume and value.
Leading players are focused on strategic collaborations with the aim of bolstering scope of applications for bio-based platform chemicals, generating new revenue streams in the years to come.
โข 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.
โข 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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