Europe Bio-based Chemicals Market Report 2030: Industry Size, Growth and Latest Insights

Europe Bio-based Chemicals Market is valued at US$ 18 billion in 2022 and is expected to grow at a significant CAGR of over 8.2% over the forecast period of 2023-2030, market report by RationalStat

Market Definition, Market Scope, and Report Overview
The bio-based chemical market is still young, with a bio-based share of 1.3%. The bio-based chemicals market is expanding and growing due to a number of factors such as sustainability, environmental concerns, technical improvements, and changing customer tastes.

As concerns about climate change, pollution, and resource depletion mount, there is a substantial trend toward environmentally friendly and sustainable solutions. When opposed to petrochemical-based equivalents, bio-based chemicals are obtained from renewable sources such as biomass and agricultural waste, which reduces their carbon footprint and environmental impact.

According to a deep-dive market assessment by RationalStat, the Europe bio-based chemicals market has been analyzed on the basis of market segments, including product, feedstock, application and geography/regions (incl Western Europe, Eastern Europe). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the Europe bio-based chemicals market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

In addition, the long-term sector and products/services 10-year outlook and its implications on the Europe bio-based chemicals market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Europe Bio-based Chemicals Market: Segmental and Market Share Analysis
• On the basis of product, the bio-based alcohols segment accounted for the biggest market share of the Europe bio-based chemicals market. Because of the broadening demand from major end-use sectors such as food and beverage, pharmaceutical, cosmetics, and personal care.
• On the basis of application, the paints and coatings segment are predicted to dominate the bio-based chemicals market in Europe. The desire for sustainable and eco-friendly alternatives to traditional petroleum-based chemicals, which are connected with environmental concerns, is driving demand for bio-based chemicals in this segment.

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Period Covered include data for 2019-2028 along with year-wise demand estimations

The Europe bio-based chemicals market report analyzes the market on the basis of economic situations, regional geopolitics, import-export scenarios, trade duties, market developments, organic and inorganic strategies, mergers and acquisitions, product launches, government policies, new capacity addition, technological advancements, R&D investments, and new market entry, replacement rates, penetration rates, installed base/fleet size, global and regional production capacity, among others.

RationalStat offers market analysis and consulting studies on the basis of dedicated and robust desk/secondary research supported by a strong in-house data repository. In addition, the research leverages data based on the real-time insights gathered from primary interviews. Market estimations and insights are based on primary research (covering more than 240 entities) and secondary research by leveraging international benchmarking.

The Europe bio-based chemicals market report also covers value chain and supply chain analysis that provides in-depth information about the value chain margins and the role of various stakeholders across the value chain. Market dynamics provided in the market study include market drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.
In the competition analysis section, the Europe bio-based chemicals market provides a detailed competition benchmarking analysis based on the market share of the leading companies/ brands/producers/suppliers, a market structure overview with detailed company profiles of more than 25 players with their financials, product/service offerings, major developments, business models, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.

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Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment

In the latest RationalStat analysis, geopolitical conflicts and inflation are the cited economic risks, while concerns about the volatility across energy sectors prevail in Europe and other parts of the world. Some of the potential risks to the economic growth in the leading regions, including Asia Pacific, Europe, North America, the Middle East & Africa, and other developing regions, are inflation, volatile energy prices, supply chain disruptions, geopolitical instability, labor shortages, rising interest rates, and COVID-19 pandemic.

The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdued growth, while other countries continued to grapple with economic slowdowns. The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, the UK, Germany, India, Japan, South Korea, the UK, and many others. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.

In addition to this, the global economic growth slowed in 2022 to 3.3%, weaker than expected at the end of 2021, mainly weighed down by Russia's war in Ukraine and the associated cost-of-living crisis in many countries. However, improvement in economic activities during the forecast period is expected. Growth is projected to remain at lower rates in 2023 and 2024, at 2.6% and 2.9% respectively.

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the Europe bio-based chemicals market include,
• In August 2021, BASF SE and Eni signed an agreement to develop new technologies to create bio-propanol from glycerine, a byproduct of industrial biodiesel manufacturing, or fatty acid methyl ester.

Some of the prominent players and suppliers operating and contributing significantly to the Europe bio-based chemicals market growth include BASF SE, Infineon Technologies AG, Mitsui & Co Ltd, Cargill Incorporated, DuPont de Nemours, Inc., Corbion N.V., Biomer AG, NatureWorks LLC, DSM N.V., Roquette Frere, Lanxess AG, Evonik Industries AG among others.

RationalStat has segmented the Europe bio-based chemicals market based on product, feedstock, application, and region
• Europe Bio-based Chemicals Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Product
o Bio-based Solvents
o Bio-based Lubricants
o Bio-based Alcohols
o Bio-based Acids
o Bio-based Adhesives
o Bio-based Polymers
o Other Bio-based Chemicals
• Europe Bio-based Chemicals Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Feedstock
o Sugar and Starch Crops
o Vegetable Oils
o Lignocellulosic Biomass
o Others (Algae, Microorganism, etc.)
• Europe Bio-based Chemicals Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Application
o Food & Beverages
o Agriculture
o Automotive
o Personal Care
o Packaging
o Detergents & Cleaner
o Paints & Coatings
o Adhesives and Sealants
o Textile and Fibers
o Pharmaceutical
o Others (Paint Dispersion, etc.)
• Europe Bio-based Chemicals Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Region
o Western Europe
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe
 Russia
 Poland
 Rest of Eastern Europe
• Leading Companies and Market Players
o BASF S
o Infineon Technologies AG
o Mitsui & Co Ltd
o Cargill Incorporated
o DuPont de Nemours, Inc.
o Corbion N.V.
o Biomer AG
o NatureWorks LLC
o DSM N.V.
o Roquette Frere
o Lanxess AG
o Evonik Industries AG

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Key Questions Answered in the Europe Bio-based Chemicals Report:
• What will be the market value of the Europe bio-based chemicals market by 2030?
• What is the market size of the Europe bio-based chemicals market?
• What are the market drivers of the Europe bio-based chemicals market?
• What are the key trends in the Europe bio-based chemicals market?
• Which is the leading region in the Europe bio-based chemicals market?
• What are the major companies operating in the Europe bio-based chemicals market?
• What are the market shares by key segments in the Europe bio-based chemicals market?

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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