Bio Based Molecule Market Projected for Significant Growth (2024-2031) | Arkema, GEA Group Aktiengesellschaft, IEA Bioenergy, DE Smet Engineers & Contractors

Bio Based Molecule Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Bio Based Molecule market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Bio Based Molecule market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Bio-based Molecule Market reached US$ 1,336.72 million in 2023 and is expected to reach US$ 2,437.83 million by 2031 growing with a CAGR of 7.8% during the forecast period 2024-2031.

What is Bio Based Molecule Market?

Bio-based Molecule: A bio-based molecule is a chemical compound derived from renewable biological resources, such as plants, algae, or microorganisms. These molecules can serve as alternatives to traditional petroleum-based chemicals and are often utilized in various applications, including pharmaceuticals, agrochemicals, plastics, and fuels. Bio-based molecules are valued for their potential to reduce dependence on fossil fuels, lower greenhouse gas emissions, and promote sustainability in chemical production.

Technological Advancements

The global bio-based molecule market is influenced by various factors, with technological advancements being one of the key drivers of its growth. Innovations in the production and application of bio-based molecules enhance efficiency, reduce costs, and expand their usage across different industries, thereby boosting market demand.

Key Players:

Profiles of some of the major players in the global Bio Based Molecule market, which include:

Arkema, GEA Group Aktiengesellschaft, IEA Bioenergy, DE Smet Engineers & Contractors, AVA Biochem AG, Borregaard AS, Jiangmen Xinshuo New Materials Co., Ltd, Northern Technologies International Corporation (NTIC), Gevo and Covestro AG

Industry Development:

In July 2024, at the German Rubber Conference (DKT) 2024, Dow unveiled NORDEL REN, a bio-based variant of its Ethylene Propylene Diene Terpolymers (EPDM) rubber. This innovative material is tailored for diverse applications, including automotive, infrastructure, and consumer products.

Also in July 2024, ZymoChem launched BAYSE, the world's first scalable, fully bio-based, and biodegradable Super Absorbent Polymer (SAP). This groundbreaking product aims to transform the $145 billion global hygiene industry and promote a more sustainable future.

In April 2024, INEOS Nitriles began selling its pioneering bio-based acetonitrile, branded as INVIREO. This new solvent achieves a remarkable 90% reduction in carbon footprint compared to traditional acetonitrile and plays a crucial role in the development, purification, and production of various pharmaceuticals, including insulin and vaccines.

In February 2024, Covestro AG opened the world's first pilot plant for bio-based aniline production at its Leverkusen facility. This initiative marks a significant step towards sustainable plastics derived from plant biomass, reducing dependence on petroleum-based raw materials.

In January 2024, Avient Corporation showcased its range of bio-based polymer solutions at Pharm Pack 2024, Europe's leading trade show for pharmaceutical packaging and drug delivery devices. The portfolio includes bio-based polymer colorants, additives, and bio-derived thermoplastic elastomers (TPEs), all designed to lower product carbon footprint (PCF) values. These reductions are validated by Avient's PCF Calculator, which is certified for ISO 14067 compliance by TÜV Rheinland.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Bio Based Molecule market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Product Type: Bio-Based Platform Chemicals, Carboxylic Acids, Alcohols, Esters, Others

By Raw Material: Plant-based Feedstocks, Agricultural, Waste Forestry Materials

By Application: Food and Beverage, Personal Care, Pharmaceuticals, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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