Bio-based Platform Chemicals - Global Market Outlook (2017-2026)
According tStratistics MRC, the Global Bio-based Platform Chemicals Market is accounted for $ 13.83 billion in 2017 and is expected treach $31.56 billion by 2026 growing at a CAGR of 9.6% during the forecast period. Excitability in crude oil costs, convenience of friendly government regulations towards bio-based products. In addition tthis, growing acceptance of bio-based chemicals across various industries such as personal care, pharmaceuticals, food & beverages including others are some of the key factors driving the market growth. However, high yield cost of bio-based chemicals is likely tlimit the market growth.
Bio-based platform chemicals are twtsix carbon-containing compounds derived from fossil fuel resources and from renewable resources. They are used as important indications for producing a variety of chemicals and materials, such as pharmaceuticals, perfumes, solvents, fuels, and polymers.
Depending on application, Platform Chemicals in Agriculture has a potential for further development of plant-derived chemicals such as producing platform chemicals from crops in ways that are economically viable and have a lower environmental impact. High-value materials may be extracted from the plants as a pre-processing step tincrease the value of the product stream. Just as with the petroleum refinery, a whole complex of product streams and subsidiary processes will be grafted ontthe biethanol backbone, and a range of plant derived platform chemicals will become commercially viable.
By Geography, Asia Pacific region countries like China and India are more concerned towards green products and political turmoil regarding sustainability and effects of petroleum-based synthetic chemicals. Moreover, expansion of the manufacturing sector in countries like India, China, and Japan are augmenting the growth of the bio-based platform chemicals market in the region.
Some of the key players of the market include Aktin Chemicals Inc., BASF SE, BioAmber Inc, Braskem, Cargill Incorporated, DowDuPont, Evonik Industries AG, GF Biochemicals, INEOS, Kawasaki Kasei Chemicals, Koninklijke DSM N.V., LyondellBasell Chemicals, Mitsui Chemicals, Myriant Corporation, Nippon Shokubai Co. Ltd, Novozymes, PTT Global Chemical Public Company, QingdaKehai Biochemistry Co. Ltd, TokyChemical Industry Co. Ltd, Yantai shanshui chemical technology Co. Ltd and Yield10Bioscience Inc.
• BiItaconic Acid
• Organic Acids
• C-3 Platform Chemicals
• C-4 Platform Chemicals
• C-5 Platform Chemicals
• C-6 Platform Chemicals
• Health And Hygiene
• North America
Rest of Europe
• Asia Pacific
Rest of Asia Pacific
• South America
Rest of South America
• Middle East & Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
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