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According to the latest research, the global Bio-Based Platform Chemicals market size was valued at USD 115124.25 million in 2022 and is expected to expand at a CAGR of 8.34% during the forecast period, reaching USD 186165.76 million by 2028.
Bio-Based Chemicals refer to products such as bulk chemicals and fine chemicals produced using renewable biomass (starch, glucose, lignocellulose, etc.) as raw materials. Notably, examples of bio-based chemicals include non-food starch, cellulose fibers and cellulose derivatives, tall oils, fatty acids and fermentation products such as ethanol and citric acid. An important role can be played by bio-based chemicals, which are defined as chemical products that are wholly or partly derived from materials of biological origin (for example biomasses, feedstock, but also plants, algae, crops, trees, marine organisms and biological waste).
Bio-based polymers are defined as materials in which at least a portion of the polymer is made of materials produced from renewable raw materials. For example, bio-based polymers can be produced from corn or sugar cane. The remainder of the polymer can come from fossil fuel-based carbon. Bio-based polymers generally have a lower carbon dioxide footprint and are related to the concept of sustainability.
Market Drivers
Bio-based materials (including Bio-Based Chemicals and Bio-Based Polymer) refer to the use of renewable biomass (such as grains, legumes, straw, bamboo and wood powder, etc.) as raw materials for production, through biological, chemical and physical methods. A new class of materials and chemicals. In recent years, with the rapid development of various industries, the reserves of non-renewable resources such as fossil raw materials have been declining, which has also caused pollution to the environment to a certain extent. Therefore, the traditional economic model that mainly relies on fossil raw materials is no longer suitable for the development requirements of the current era. Green, low-carbon, and sustainable have gradually become the main goals of many countries to promote economic development. Bio-based materials have the characteristics of green production, environmental friendliness, renewable raw materials, and biodegradability. With the support of advanced technology and the assistance of related policies, bio-based materials such as Bio-Based Chemicals and Bio-Based Polymer have gradually become another new leading industry leading the contemporary world in technological innovation and economic development. This is one of the important factors driving the development of the Bio-Based Chemicals and Bio-Based Polymer industry.
Market Development Constraints
Although Bio-Based Chemicals and Bio-Based Polymer have many advantages, the problem of higher cost still limits the development of the industry. Compared with traditional plastics, the production cost of Bio-Based Chemicals and Bio-Based Polymer is higher, which has become the main obstacle hindering the marketization of Bio-Based Chemicals and Bio-Based Polymer. The solution to this point is mainly production technology. Therefore, manufacturers need to increase R&D investment, improve the production technology level of Bio-Based Chemicals and Bio-Based Polymer, reduce costs, and thereby reduce prices.
Region Overview:
Asia-Pacific had the highest growth rate of all regions.
Company Overview:
BASF SE is one of the major players operating in the Bio-Based Platform Chemicals market, holding a share of 2.23% in 2021.
BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa. Its headquarters is located in Ludwigshafen, Germany. BASF has customers in over 190 countries and supplies products to a wide variety of industries.
BASF operates in a variety of markets. Its business is organized in the segments of Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions, and Oil and Gas.
Toray Industries, Inc. is a multinational corporation headquartered in Japan that specializes in industrial products centered on technologies in organic synthetic chemistry, polymer chemistry, and biochemistry. Its founding business areas were fibers and textiles, as well as plastics and chemicals. The company has also diversified into areas such as pharmaceuticals, biotechnology and R&D, medical products, reverse osmosis big membranes, electronics, IT products, housing and engineering, as well as advanced composite materials.
Segmentation Overview:
Among different product types, Bio-Based Chemicals segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Packaging segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Bio-Based Platform Chemicals industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Bio-Based Platform Chemicals. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Bio-Based Platform Chemicals Market Report Include:
Market Size Estimates: Bio-Based Platform Chemicals market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Bio-Based Platform Chemicals market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Bio-Based Platform Chemicals market
Segment Market Analysis: Bio-Based Platform Chemicals market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Bio-Based Platform Chemicals market situations and prospects in major and top regions and countries
Bio-Based Platform Chemicals Market
Bio-Based Platform Chemicals Industry Chain: Bio-Based Platform Chemicals market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Bio-Based Platform Chemicals Industry News, Policies by regions
Bio-Based Platform Chemicals Industry Porters Five Forces Analysis
Key players in the global Bio-Based Platform Chemicals market are covered in Chapter 2:
Corbion NV
Mitsubishi Chemical Holdings Corporation
PTT Global Chemical Public Company Limited
Solvay
Novamont S.p.A.
BASF SE
Teijin Limited
Kuraray Co. Ltd.
Toray Industries, Inc.
Arkema S.A.
Covestro AG
In Chapter 6 and Chapter 9, on the basis of types, the Bio-Based Platform Chemicals market from 2018 to 2028 is primarily split into:
Bio-Based Chemicals
Bio-Based Polymer
In Chapter 7 and Chapter 10, on the basis of applications, the Bio-Based Platform Chemicals market from 2018 to 2028 covers:
Packaging
Agriculture
Textiles
Food Safety
Automotive
others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Bio-Based Platform Chemicals market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Bio-Based Platform Chemicals industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Bio-Based Platform Chemicals market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Bio-Based Platform Chemicals industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Bio-Based Platform Chemicals market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Bio-Based Platform Chemicals market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Bio-Based Platform Chemicals market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Bio-Based Chemicals refer to products such as bulk chemicals and fine chemicals produced using renewable biomass (starch, glucose, lignocellulose, etc.) as raw materials. Notably, examples of bio-based chemicals include non-food starch, cellulose fibers and cellulose derivatives, tall oils, fatty acids and fermentation products such as ethanol and citric acid. An important role can be played by bio-based chemicals, which are defined as chemical products that are wholly or partly derived from materials of biological origin (for example biomasses, feedstock, but also plants, algae, crops, trees, marine organisms and biological waste).
Bio-based polymers are defined as materials in which at least a portion of the polymer is made of materials produced from renewable raw materials. For example, bio-based polymers can be produced from corn or sugar cane. The remainder of the polymer can come from fossil fuel-based carbon. Bio-based polymers generally have a lower carbon dioxide footprint and are related to the concept of sustainability.
Market Drivers
Bio-based materials (including Bio-Based Chemicals and Bio-Based Polymer) refer to the use of renewable biomass (such as grains, legumes, straw, bamboo and wood powder, etc.) as raw materials for production, through biological, chemical and physical methods. A new class of materials and chemicals. In recent years, with the rapid development of various industries, the reserves of non-renewable resources such as fossil raw materials have been declining, which has also caused pollution to the environment to a certain extent. Therefore, the traditional economic model that mainly relies on fossil raw materials is no longer suitable for the development requirements of the current era. Green, low-carbon, and sustainable have gradually become the main goals of many countries to promote economic development. Bio-based materials have the characteristics of green production, environmental friendliness, renewable raw materials, and biodegradability. With the support of advanced technology and the assistance of related policies, bio-based materials such as Bio-Based Chemicals and Bio-Based Polymer have gradually become another new leading industry leading the contemporary world in technological innovation and economic development. This is one of the important factors driving the development of the Bio-Based Chemicals and Bio-Based Polymer industry.
Market Development Constraints
Although Bio-Based Chemicals and Bio-Based Polymer have many advantages, the problem of higher cost still limits the development of the industry. Compared with traditional plastics, the production cost of Bio-Based Chemicals and Bio-Based Polymer is higher, which has become the main obstacle hindering the marketization of Bio-Based Chemicals and Bio-Based Polymer. The solution to this point is mainly production technology. Therefore, manufacturers need to increase R&D investment, improve the production technology level of Bio-Based Chemicals and Bio-Based Polymer, reduce costs, and thereby reduce prices.
Region Overview:
Asia-Pacific had the highest growth rate of all regions.
Company Overview:
BASF SE is one of the major players operating in the Bio-Based Platform Chemicals market, holding a share of 2.23% in 2021.
BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa. Its headquarters is located in Ludwigshafen, Germany. BASF has customers in over 190 countries and supplies products to a wide variety of industries.
BASF operates in a variety of markets. Its business is organized in the segments of Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions, and Oil and Gas.
Toray Industries, Inc. is a multinational corporation headquartered in Japan that specializes in industrial products centered on technologies in organic synthetic chemistry, polymer chemistry, and biochemistry. Its founding business areas were fibers and textiles, as well as plastics and chemicals. The company has also diversified into areas such as pharmaceuticals, biotechnology and R&D, medical products, reverse osmosis big membranes, electronics, IT products, housing and engineering, as well as advanced composite materials.
Segmentation Overview:
Among different product types, Bio-Based Chemicals segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Packaging segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Bio-Based Platform Chemicals industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Bio-Based Platform Chemicals. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Bio-Based Platform Chemicals Market Report Include:
Market Size Estimates: Bio-Based Platform Chemicals market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Bio-Based Platform Chemicals market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Bio-Based Platform Chemicals market
Segment Market Analysis: Bio-Based Platform Chemicals market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Bio-Based Platform Chemicals market situations and prospects in major and top regions and countries
Bio-Based Platform Chemicals Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Bio-Based Platform Chemicals Industry Chain: Bio-Based Platform Chemicals market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Bio-Based Platform Chemicals Industry News, Policies by regions
Bio-Based Platform Chemicals Industry Porters Five Forces Analysis
Key players in the global Bio-Based Platform Chemicals market are covered in Chapter 2:
Corbion NV
Mitsubishi Chemical Holdings Corporation
PTT Global Chemical Public Company Limited
Solvay
Novamont S.p.A.
BASF SE
Teijin Limited
Kuraray Co. Ltd.
Toray Industries, Inc.
Arkema S.A.
Covestro AG
In Chapter 6 and Chapter 9, on the basis of types, the Bio-Based Platform Chemicals market from 2018 to 2028 is primarily split into:
Bio-Based Chemicals
Bio-Based Polymer
In Chapter 7 and Chapter 10, on the basis of applications, the Bio-Based Platform Chemicals market from 2018 to 2028 covers:
Packaging
Agriculture
Textiles
Food Safety
Automotive
others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Bio-Based Platform Chemicals market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Bio-Based Platform Chemicals industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Bio-Based Platform Chemicals market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Bio-Based Platform Chemicals industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Bio-Based Platform Chemicals market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Bio-Based Platform Chemicals market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Bio-Based Platform Chemicals market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
