Global Bio-based Platform Chemicals Market Growth 2023-2029

Global Bio-based Platform Chemicals Market Growth 2023-2029

Platform chemicals represent a group of twelve (one not commercialized yet) building block chemicals that can be produced from sugars via biological conversions.

LPI (LP Information)' newest research report, the “Bio-based Platform Chemicals Industry Forecast” looks at past sales and reviews total world Bio-based Platform Chemicals sales in 2022, providing a comprehensive analysis by region and market sector of projected Bio-based Platform Chemicals sales for 2023 through 2029. With Bio-based Platform Chemicals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bio-based Platform Chemicals industry.

This Insight Report provides a comprehensive analysis of the global Bio-based Platform Chemicals landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bio-based Platform Chemicals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bio-based Platform Chemicals market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bio-based Platform Chemicals and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bio-based Platform Chemicals.

The global Bio-based Platform Chemicals market size is projected to grow from US$ 9068.4 million in 2022 to US$ 18340 million in 2029; it is expected to grow at a CAGR of 18340 from 2023 to 2029.

Increasing acceptance of bio-based platform chemicals in industries, stringent government guidelines on conventional petroleum based chemicals and preference towards environmental friendly applications by consumers are main drivers for Bio-based Platform Chemicals market. The evolution of bio-refineries has driven the development of bio-based platform chemicals as an alternative to petrochemicals. Due to increasing government concerns regarding health, the environment and limited fossil resources, there is a growing interest in using sustainable technologies to produce chemicals, plastics, and other products from renewable resources. The bio-based platform chemicals offer great potential for decarbonizing everyday products, allowing everything from running shoe soles to plastics and car parts, to become bio-based. These trends are successful in creating a huge demand for bio-based platform chemicals market. Though North America is the largest regional market for global bio-based platform chemicals market, Asia-Pacific is also an equally important market as it represents the second largest and regional market with highest growth rate during the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Bio-based Platform Chemicals market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Bio-1,4-Diacid
Bio-Glycerol
Bio-Glutamic Acid
Bio-3-Hydroxypropionic Acid
Bio-Itaconic Acid

Segmentation by application
Agriculture
Bio Fuels
Bio Plastics
Food Applications
Industrial Chemicals
Pharmaceutical
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
Cargill Incorporated
DSM
INEOS
PTT Global Chemical Public Company

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bio-based Platform Chemicals market?

What factors are driving Bio-based Platform Chemicals market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bio-based Platform Chemicals market opportunities vary by end market size?

How does Bio-based Platform Chemicals break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.