Bio-based Platform Chemicals Market

Bio-based Platform Chemicals Market Analysis by Polymers, Plastic Formulations, Bio-fuel, and Cosmetics from 2023 to 2033

Analysis of Bio-based Platform Chemicals Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Bio-based Platform Chemicals Market Growth Outlook (2023 to 2033)

The global bio-based platform chemicals market is estimated at US$ 17.6 Billion in 2023 and is forecast to reach US$ 35.3 Billion by 2033, growing with a CAGR of 7.2% from 2023 to 2033.

Bio-based platform chemicals are used in the production of different chemicals and products with enhanced functionality and ability. Increasing consumption of bio-based platform chemicals in chemical, pharmaceuticals, plastic, and other industries along with growing demand for organic and sustainable products are driving the market growth.

Report Attributes

Details

Estimated Market Value (2023E)

US$ 17.6 Billion

Forecasted Market Value (2033F)

US$ 35.3 Billion

Global Market Growth Rate (2023-2033)

~7.2% CAGR

North America Market Share (2023)

~29.4%

East Asia Market Growth Rate (2023-2033)

~7.4% CAGR

Europe Market Growth Rate (2023-2033)

~6.9% CAGR

Key Companies Profiled

  • BioAmber
  • Cargill
  • BASF
  • Mitsubishi Chemicals Corporation
  • PTT Global Chemical Public
  • DuPont Tate & Lyle Bio Products Company
  • Braskem SA
  • Evonik Industries AG

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Historic and Future Path for Bio-based Platform Chemicals Market

Bio-based platform chemicals represent a group of building blocks that are manufactured from sugar with the help of the biological conversion process. Bio-glycerol, bio-glutamic acid, bio-itaconic acid, bio-3-hydroxy propionic acid, and bio-succinic acid are some of the most commonly used bio-based platform chemicals.

On-going development in biorefineries has driven the evolution of bio-based chemicals as an alternative to petrochemicals. Bio-based chemicals are produced from renewable resources either by chemicals & enzymatic conversion or by fermentation, followed by product isolation and cleaning procedures. These chemicals are widely used in the applications such as polymers, plastic formulation, biofuel, cosmetics, pharmaceuticals, paints & coatings, and solvents.

  • Short Term (2023-2026): Growing demand for bio-based chemicals in the applications such as polymers, plastic formulation, and biofuel is likely to drive the demand for bio-based platforms in the coming years.
  • Medium Term (2026-2029): Rising crude oil prices, and awareness regarding the harmful effects of petroleum-based chemicals leading to an increased usage of bio-based chemicals in the cosmetics and pharmaceutical industry will create a significant opportunity for the growth of the bio-based platform chemicals.
  • Long Term (2029-2033): Implementation of favorable government policies promoting sustainable development, along with extensive R&D activities in the field of green chemistry is likely to create high demand for the bio-based platform in the long term.

Market Dynamics Overview

“Rising Demand for Eco-Friendly Products to Boost Bio-based Platform Market”

Rising demand for eco-friendly products from various end-use industries is likely to create a significant opportunity for the growth of the bio-based platform market in the coming years. Significant growth in the chemical and pharmaceutical industry is considered the prime factor for the growth of the bio-based platform market.

Increasing consumption of bio-based C-3 platform chemicals, growing demand for eco-friendly & bio-based products, and increasing demand for levulinic acid and bio-based glucaric acid are some of the key factors for the growth of the bio-based platform market.

Over the period, a large number of pharmaceutical and cosmetics industry products contains bio-based platform. Rising awareness regarding health and the use of bio-based chemicals in pharmaceuticals and a significant rise in the demand for a bio-based platform from skincare products is likely to create significant growth opportunities for the bio-based platform market.

Furthermore, government across the globe is supporting the use of bio-based chemicals in various end-use industries to reduce their carbon footprint. Governments are offering safety laws, rules, and regulations to improve the products quality of bio-based cosmetics. These factors create high demand for the bio-based platform in the coming years.

“Fluctuating Raw Material Prices is Likely to Hamper Market Growth”

Constant changing raw material prices can become a hurdle for the growth of bio-based platform chemicals in the coming years. Furthermore, the availability of raw materials such as plants, animals, and forestry materials can become challenging for bio-based platform chemical manufacturers.

Restricted availability of other sources such as waste from sugar refineries and algae can have a negative impact on the growth of the bio-based platform market during the assessment period.

The high cost of production of bio-based chemicals due to shortage of raw materials as well as in popularity along with the well-rooted application areas of fossil-fuel products can hamper bio-based platform market growth.

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Country-wise Insights

What is the Market Scenario for Bio-based Platform Chemicals in the U.S.?

US holds the largest pharmaceutical industry across the globe. US Pharmaceutical and healthcare market is valued at over US$ 500 billion in 2022 and is expected to continue its dominance in the global market. US accounts for nearly 45% of the global pharmaceutical market and over 20% of the global production.

Increasing consumption of bio-based chemicals in the pharmaceutical industry is likely to create high demand for the growth of the bio-based platform market in the US.

In addition, end-use industries such as cosmetics, food & beverages, and fertilizer industries are strictly regulated by the government of US to avoid the negative impact on the health of citizens. Due to this manufacturing companies are more likely to shift to bio-based raw materials when compared to petroleum-based raw materials.

What are the Growth Opportunities for Bio-based Platform Chemicals in China?

China dominates over 50% of the market share in the East Asia region. China is witnessing high demand for bio-based products in the pharmaceutical, cosmetics, food & beverage industries. Over the past few years, consumers’ preference towards bio-based products and government regulation regarding environmental protection has grown significantly which is considered the key factor for the growth of bio-based platform chemicals.

Rapid growing bio-based polymer industry along with the increasing adoption of bio-refinery concepts is expected to drive the demand for bio-based platforms in China. Also, increasing production of C4 chemicals & bio-based chemical building blocks is likely to lift the market growth in the coming years.

Category-wise Insights

Why is the Popularity of Bio-based Itaconic Acid Rising Rapidly?

Bio-based itaconic acid is also known as bio-based methylene butanedioic acid. It is an organic compound produced through the fermentation process. There has been an increased consumption of bio-based itaconic acid as a substitute for petroleum-based products in the chemical industry. This material is soluble in alcohol such as methanol, ethanol, and propanol and is largely biodegradable.

It can be used in the production of monoester and is reactive to pyrrolidones alternative, which can be widely used in the applications such as shampoos, detergents, and many more. It can also be used in the pharmaceutical, textile, and chemical industries.

Bio-based itaconic acid has been widely used as an alternative to acrylic acid for the development of super-absorbent polymer variants. These factors are expected to increase the demand for bio-based itaconic acid during the assessment period.

Why are Bio-based Platform Chemicals Gaining Immense Popularity in the Polymer Industry?

Based on the application, polymers are likely to capture the maximum market share in the bio-based platform chemicals market. Bio-based platform chemicals are considered the most essential component in the manufacturing of polymers.

Lignocellulosic polymers are widely used in the applications such as fibers, filters, and films. The development of bio-plastic sectors is still new. The segment is likely to grow strongly during the assessment period.

Bio-based platform chemicals are used in the production of polymers including C4 aspartic acid, C6 glucaric acid, and 3-hydropropionic acid. Increasing demand for bio-based polymers in the automotive, pharmaceutical, and construction sectors is likely to generate higher revenues in the coming years.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Market Titans Key Strategies

Bio-based platform chemicals market prominent players are BioAmber, Cargill, BASF SE, Mitsubishi Chemical Corporation, PTT Global Chemicals Public, Braskem SA, Evonik Industries AG, and Novozymes A/S.

Market-leading players in the bio-based platform chemicals are focusing on long-term partnerships with raw material suppliers. Manufacturers are looking to increase their production capacity to meet the growing demand for bio-based platform chemicals.

  • In 2020, Virent Inc. announced a collaboration with Cargill to analyze the use of Cargill’s corn dextrose for the development and production of low-carbon biofuels, and biochemical for jet fuel and gasoline.

Fact.MR has provided detailed information about the price points of key manufacturers of bio-based platform chemicals positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Bio-based Platform Chemicals Industry Research

  • By Type :

    • C-3 Platform Chemicals
      • Glycerol
      • Bio-3-Hydroxpropionic Acid
    • C-4 platform Chemicals
      • Succinic Acid
      • Fumaric Acid
      • Malic Acid
      • Aspartic Acid
    • C-5 platform Chemicals
      • Levulinic Acid
      • Glutamic Acid
      • Itaconic Acid
      • Xylitol
    • C-6 platform Chemicals
      • Sorbitol
      • Glucaric Acid
      • 2,5-Furan Dicarboxylic Acid
  • By Application :

    • Polymers
    • Plastic Formulation
    • Bio-Fuel
    • Cosmetics
    • Paint & coatings
    • Solvents
    • Pharmaceuticals
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Table of Content

1. Market – Executive Summary

2. Market Overview

    2.1. Market Definition and Introduction

    2.2. Market Taxonomy/ Research Scope

3. Market Background and Foundation Data

    3.1. Global Platform Chemical Market Outlook

    3.2. Organic Solvents Market Overview

    3.3. Global Biofuel Sector Growth Outlook

    3.4. Bio-based Platform: Apparent Production & Consumption Analysis

        3.4.1. Production Capacity (Kilo Tons)

            3.4.1.1. By Key Regions

            3.4.1.2. By Key Companies

        3.4.2. Consumption Statistics

        3.4.3. Apparent Trade Analysis

    3.5. Market Opportunity Assessment

        3.5.1. Total Available Market (US$ million)

        3.5.2. Serviceable Addressable Market (US$ million)

        3.5.3. Serviceable Obtainable Market (US$ million)

    3.6. Market Dynamics

        3.6.1. Market Growth Drivers

        3.6.2. Market Restraints

        3.6.3. Market Opportunity

        3.6.4. Market Trends

    3.7. Industry Value and Supply Chain Analysis

        3.7.1. Value Added at Each Node of Supply Chain

        3.7.2. Gross Profitability Margins (at Every Level)

        3.7.3. List of Key Participants

            3.7.3.1. Raw Material Supplier

            3.7.3.2. Key Manufacturers

            3.7.3.3. Key Distributor/Retailers

            3.7.3.4. Key Buying Industries

    3.8. Forecast Factors – Relevance and Impact

    3.9. Macro–Economic Factors

    3.10. PESTLE Analysis

    3.11. Porter’s Five Force Analysis

    3.12. Investment Feasibility Analysis

4. Global Bio-based Platform Demand (Tons) Analysis and Forecast

    4.1. Historical Market Volume (Tons) Analysis, 2018–2022

    4.2. Current and Future Market Volume (Tons) Projections, 2023–2033

    4.3. Y–o–Y Volume Growth Trend Analysis

5. Global Market – Pricing Analysis

    5.1. Product Type and Country–Level Pricing Analysis

    5.2. Global Average Pricing Analysis Benchmark

    5.3. Factors Influencing Pricing

6. Global Market Value (US$ million) Analysis and Forecast

    6.1. Historical Market Value (US$ million) Analysis, 2018–2022

    6.2. Current and Future Market Value (US$ million) Projections, 2023–2033

        6.2.1. Y–o–Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

7. Global Market Analysis and Forecast, By Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Type, 2018–2022

    7.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Type, 2023–2033

        7.3.1. C–3 Platform Chemicals

            7.3.1.1. Glycerol

            7.3.1.2. Bio–3–Hydroxpropionic Acid

        7.3.2. C–4 platform Chemicals

            7.3.2.1. Succinic Acid

            7.3.2.2. Fumaric Acid

            7.3.2.3. Malic Acid

            7.3.2.4. Aspartic Acid

        7.3.3. C–5 platform Chemicals

            7.3.3.1. Levulinic Acid

            7.3.3.2. Glutamic Acid

            7.3.3.3. Itaconic Acid

            7.3.3.4. Xylitol

        7.3.4. C–6 platform Chemicals

            7.3.4.1. Sorbitol

            7.3.4.2. Glucaric Acid

            7.3.4.3. 2,5–Furan Dicarboxylic Acid

    7.4. Market Attractiveness Analysis By Type

8. Global Market Analysis and Forecast, By Application

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Application, 2018–2022

    8.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Application, 2023–2033

        8.3.1. Polymers

        8.3.2. Plastic Formulation

        8.3.3. Bio–Fuel

        8.3.4. Cosmetics

        8.3.5. Paint & coatings

        8.3.6. Solvents

        8.3.7. Pharmaceuticals

    8.4. Market Attractiveness Analysis By Application

9. Global Market Analysis and Forecast, By Region

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Region, 2018–2022

    9.3. Current Market Size (US$ million) Analysis and Volume (Tons) Forecast By Region, 2023–2033

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. East Asia

        9.3.5. South Asia & Oceania

        9.3.6. Middle East & Africa

    9.4. Market Attractiveness Analysis By Region

10. North America Market Analysis and Forecast

    10.1. Introduction / Key Findings

    10.2. Pricing Analysis

    10.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018–2022

    10.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023–2033

        10.4.1. By Country

            10.4.1.1. U.S.

            10.4.1.2. Canada

        10.4.2. By Type

        10.4.3. By Application

    10.5. Market Attractiveness Analysis

        10.5.1. By Country

        10.5.2. By Type

        10.5.3. By Application

11. Latin America Market Analysis and Forecast

    11.1. Introduction / Key Findings

    11.2. Pricing Analysis

    11.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018–2022

    11.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023–2033

        11.4.1. By Country

            11.4.1.1. Brazil

            11.4.1.2. Mexico

            11.4.1.3. Argentina

            11.4.1.4. Rest of Latin America

        11.4.2. By Type

        11.4.3. By Application

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Type

        11.5.3. By Application

12. Europe Market Analysis and Forecast

    12.1. Introduction / Key Findings

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018–2022

    12.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023–2033

        12.4.1. By Country

            12.4.1.1. Germany

            12.4.1.2. France

            12.4.1.3. Italy

            12.4.1.4. Spain

            12.4.1.5. U.K.

            12.4.1.6. BENELUX

            12.4.1.7. Russia

            12.4.1.8. Rest of Europe

        12.4.2. By Type

        12.4.3. By Application

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Type

        12.5.3. By Application

13. East Asia Market Analysis and Forecast

    13.1. Introduction / Key Findings

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018–2022

    13.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023–2033

        13.4.1. By Country

            13.4.1.1. China

            13.4.1.2. Japan

            13.4.1.3. South Korea

        13.4.2. By Type

        13.4.3. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Type

        13.5.3. By Application

14. South Asia & Oceania Market Analysis and Forecast

    14.1. Introduction / Key Findings

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018–2022

    14.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023–2033

        14.4.1. By Country

            14.4.1.1. India

            14.4.1.2. Thailand

            14.4.1.3. Indonesia

            14.4.1.4. Malaysia

            14.4.1.5. Australia & New Zealand

            14.4.1.6. Rest of South Asia & Oceania

        14.4.2. By Type

        14.4.3. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Type

        14.5.3. By Application

15. Middle East & Africa Market Analysis and Forecast

    15.1. Introduction / Key Findings

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018–2022

    15.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2023–2033

        15.4.1. By Country

            15.4.1.1. GCC Countries

            15.4.1.2. South Africa

            15.4.1.3. Northern Africa

            15.4.1.4. Turkiye

            15.4.1.5. Rest of Middle East & Africa

        15.4.2. By Type

        15.4.3. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Type

        15.5.3. By Application

16. Country–level Market Analysis and Forecast

    16.1. Introduction / Key Findings

        16.1.1. Market Value Proportion Analysis, By Key Countries

        16.1.2. Global Vs. Country Growth Comparison

    16.2. US Market Analysis

        16.2.1. Value Proportion Analysis By Market Taxonomy

        16.2.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.2.2.1. By Type

            16.2.2.2. By Application

    16.3. Canada Market Analysis

        16.3.1. Value Proportion Analysis By Market Taxonomy

        16.3.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.3.2.1. By Type

            16.3.2.2. By Application

    16.4. Brazil Market Analysis

        16.4.1. Value Proportion Analysis By Market Taxonomy

        16.4.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.4.2.1. By Type

            16.4.2.2. By Application

    16.5. Mexico Market Analysis

        16.5.1. Value Proportion Analysis By Market Taxonomy

        16.5.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.5.2.1. By Type

            16.5.2.2. By Application

    16.6. Argentina Market Analysis

        16.6.1. Value Proportion Analysis By Market Taxonomy

        16.6.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.6.2.1. By Type

            16.6.2.2. By Application

    16.7. Germany Market Analysis

        16.7.1. Value Proportion Analysis By Market Taxonomy

        16.7.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.7.2.1. By Type

            16.7.2.2. By Application

    16.8. France Market Analysis

        16.8.1. Value Proportion Analysis By Market Taxonomy

        16.8.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.8.2.1. By Type

            16.8.2.2. By Application

    16.9. Italy Market Analysis

        16.9.1. Value Proportion Analysis By Market Taxonomy

        16.9.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.9.2.1. By Type

            16.9.2.2. By Application

    16.10. Spain Market Analysis

        16.10.1. Value Proportion Analysis By Market Taxonomy

        16.10.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.10.2.1. By Type

            16.10.2.2. By Application

    16.11. BENELUX Market Analysis

        16.11.1. Value Proportion Analysis By Market Taxonomy

        16.11.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.11.2.1. By Type

            16.11.2.2. By Application

    16.12. Russia Market Analysis

        16.12.1. Value Proportion Analysis By Market Taxonomy

        16.12.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.12.2.1. By Type

            16.12.2.2. By Application

    16.13. U.K. Market Analysis

        16.13.1. Value Proportion Analysis By Market Taxonomy

        16.13.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.13.2.1. By Type

            16.13.2.2. By Application

    16.14. China Market Analysis

        16.14.1. Value Proportion Analysis By Market Taxonomy

        16.14.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.14.2.1. By Type

            16.14.2.2. By Application

    16.15. Japan Market Analysis

        16.15.1. Value Proportion Analysis By Market Taxonomy

        16.15.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.15.2.1. By Type

            16.15.2.2. By Application

    16.16. South Korea Market Analysis

        16.16.1. Value Proportion Analysis By Market Taxonomy

        16.16.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.16.2.1. By Type

            16.16.2.2. By Application

    16.17. India Market Analysis

        16.17.1. Value Proportion Analysis By Market Taxonomy

        16.17.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.17.2.1. By Type

            16.17.2.2. By Application

    16.18. ASEAN Countries Market Analysis

        16.18.1. Value Proportion Analysis By Market Taxonomy

        16.18.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.18.2.1. By Type

            16.18.2.2. By Application

    16.19. Australia Market Analysis

        16.19.1. Value Proportion Analysis By Market Taxonomy

        16.19.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.19.2.1. By Type

            16.19.2.2. By Application

    16.20. GCC Countries Market Analysis

        16.20.1. Value Proportion Analysis By Market Taxonomy

        16.20.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.20.2.1. By Type

            16.20.2.2. By Application

    16.21. Turkiye Market Analysis

        16.21.1. Value Proportion Analysis By Market Taxonomy

        16.21.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.21.2.1. By Type

            16.21.2.2. By Application

    16.22. South Africa Market Analysis

        16.22.1. Value Proportion Analysis By Market Taxonomy

        16.22.2. Volume (Tons) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018–2033

            16.22.2.1. By Type

            16.22.2.2. By Application

17. Market Structure Analysis

    17.1. Market Analysis By Tier of Companies

    17.2. Market Concentration of Players

    17.3. Market Share Analysis of Top Players

    17.4. Market Presence Analysis

18. Bio-based Platform Competition Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking of Products

    18.3. Competition Deep Dive: Bio-based Platform

        18.3.1. BioAmber

            18.3.1.1. Overview

            18.3.1.2. Product Portfolio

            18.3.1.3. Key Financials

            18.3.1.4. Sales Footprint

            18.3.1.5. SWOT Analysis

            18.3.1.6. Key Developments

            18.3.1.7. Strategy Overview

        18.3.2. Cargill

            18.3.2.1. Overview

            18.3.2.2. Product Portfolio

            18.3.2.3. Key Financials

            18.3.2.4. Sales Footprint

            18.3.2.5. SWOT Analysis

            18.3.2.6. Key Developments

            18.3.2.7. Strategy Overview

        18.3.3. BASF

            18.3.3.1. Overview

            18.3.3.2. Product Portfolio

            18.3.3.3. Key Financials

            18.3.3.4. Sales Footprint

            18.3.3.5. SWOT Analysis

            18.3.3.6. Key Developments

            18.3.3.7. Strategy Overview

        18.3.4. Mitsubishi Chemicals Corporation

            18.3.4.1. Overview

            18.3.4.2. Product Portfolio

            18.3.4.3. Key Financials

            18.3.4.4. Sales Footprint

            18.3.4.5. SWOT Analysis

            18.3.4.6. Key Developments

            18.3.4.7. Strategy Overview

        18.3.5. PTT Global Chemical Public

            18.3.5.1. Overview

            18.3.5.2. Product Portfolio

            18.3.5.3. Key Financials

            18.3.5.4. Sales Footprint

            18.3.5.5. SWOT Analysis

            18.3.5.6. Key Developments

            18.3.5.7. Strategy Overview

        18.3.6. DuPont Tate & Lyle Bio Products Company

            18.3.6.1. Overview

            18.3.6.2. Product Portfolio

            18.3.6.3. Key Financials

            18.3.6.4. Sales Footprint

            18.3.6.5. SWOT Analysis

            18.3.6.6. Key Developments

            18.3.6.7. Strategy Overview

        18.3.7. Braskem SA

            18.3.7.1. Overview

            18.3.7.2. Product Portfolio

            18.3.7.3. Key Financials

            18.3.7.4. Sales Footprint

            18.3.7.5. SWOT Analysis

            18.3.7.6. Key Developments

            18.3.7.7. Strategy Overview

        18.3.8. Evonik Industries AG

            18.3.8.1. Overview

            18.3.8.2. Product Portfolio

            18.3.8.3. Key Financials

            18.3.8.4. Sales Footprint

            18.3.8.5. SWOT Analysis

            18.3.8.6. Key Developments

            18.3.8.7. Strategy Overview

        18.3.9. GFBiochemicals

            18.3.9.1. Overview

            18.3.9.2. Product Portfolio

            18.3.9.3. Key Financials

            18.3.9.4. Sales Footprint

            18.3.9.5. SWOT Analysis

            18.3.9.6. Key Developments

            18.3.9.7. Strategy Overview

        18.3.10. Koninklijke DSM NV

            18.3.10.1. Overview

            18.3.10.2. Product Portfolio

            18.3.10.3. Key Financials

            18.3.10.4. Sales Footprint

            18.3.10.5. SWOT Analysis

            18.3.10.6. Key Developments

            18.3.10.7. Strategy Overview

        18.3.11. Myriant Corporation

            18.3.11.1. Overview

            18.3.11.2. Product Portfolio

            18.3.11.3. Key Financials

            18.3.11.4. Sales Footprint

            18.3.11.5. SWOT Analysis

            18.3.11.6. Key Developments

            18.3.11.7. Strategy Overview

        18.3.12. Novozymes A/S

            18.3.12.1. Overview

            18.3.12.2. Product Portfolio

            18.3.12.3. Key Financials

            18.3.12.4. Sales Footprint

            18.3.12.5. SWOT Analysis

            18.3.12.6. Key Developments

            18.3.12.7. Strategy Overview

        18.3.13. Prinova Group LLC

            18.3.13.1. Overview

            18.3.13.2. Product Portfolio

            18.3.13.3. Key Financials

            18.3.13.4. Sales Footprint

            18.3.13.5. SWOT Analysis

            18.3.13.6. Key Developments

            18.3.13.7. Strategy Overview

        18.3.14. Succinity GmBH

            18.3.14.1. Overview

            18.3.14.2. Product Portfolio

            18.3.14.3. Key Financials

            18.3.14.4. Sales Footprint

            18.3.14.5. SWOT Analysis

            18.3.14.6. Key Developments

            18.3.14.7. Strategy Overview

        18.3.15. Other Prominent Players

            18.3.15.1. Overview

            18.3.15.2. Product Portfolio

            18.3.15.3. Key Financials

            18.3.15.4. Sales Footprint

            18.3.15.5. SWOT Analysis

            18.3.15.6. Key Developments

            18.3.15.7. Strategy Overview

19. Assumptions & Acronyms Used

20. Research Methodology3

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List Of Table

Table 1: Global Market Value (US$ million), By Region, 2018–2022

Table 2: Global Market Value (US$ million) and Forecast By Region, 2023–2033

Table 3: Global Market Volume (Tons), By Region, 2018–2022

Table 4: Global Market Volume (Tons) and Forecast By Region, 2023–2033

Table 5: Global Market Value (US$ million), By Type, 2018–2022

Table 6: Global Market Value (US$ million) and Forecast By Type, 2023–2033

Table 7: Global Market Volume (Tons), By Type, 2018–2022

Table 8: Global Market Volume (Tons) and Forecast By Type, 2023–2033

Table 9: Global Market Value (US$ million), By Application, 2018–2022

Table 10: Global Market Value (US$ million) and Forecast By Application, 2023–2033

Table 11: Global Market Volume (Tons), By Application, 2018–2022

Table 12: Global Market Volume (Tons) and Forecast By Application, 2023–2033

Table 13: North America Market Value (US$ million), By Country, 2018–2022

Table 14: North America Market Value (US$ million) and Forecast By Country, 2023–2033

Table 15: North America Market Volume (Tons), By Country, 2018–2022

Table 16: North America Market Volume (Tons) and Forecast By Country, 2023–2033

Table 17: North America Market Value (US$ million), By Type, 2018–2022

Table 18: North America Market Value (US$ million) and Forecast By Type, 2023–2033

Table 19: North America Market Volume (Tons), By Type, 2018–2022

Table 20: North America Market Volume (Tons) and Forecast By Type, 2023–2033

Table 21: North America Market Value (US$ million), By Application, 2018–2022

Table 22: North America Market Value (US$ million) and Forecast By Application, 2023–2033

Table 23: North America Market Volume (Tons), By Application, 2018–2022

Table 24: North America Market Volume (Tons) and Forecast By Application, 2023–2033

Table 25: Latin America Market Value (US$ million), By Country, 2018–2022

Table 26: Latin America Market Value (US$ million) and Forecast By Country, 2023–2033

Table 27: Latin America Market Volume (Tons), By Country, 2018–2022

Table 28: Latin America Market Volume (Tons) and Forecast By Country, 2023–2033

Table 29: Latin America Market Value (US$ million), By Type, 2018–2022

Table 30: Latin America Market Value (US$ million) and Forecast By Type, 2023–2033

Table 31: Latin America Market Volume (Tons), By Type, 2018–2022

Table 32: Latin America Market Volume (Tons) and Forecast By Type, 2023–2033

Table 33: Latin America Market Value (US$ million), By Application, 2018–2022

Table 34: Latin America Market Value (US$ million) and Forecast By Application, 2023–2033

Table 35: Latin America Market Volume (Tons), By Application, 2018–2022

Table 36: Latin America Market Volume (Tons) and Forecast By Application, 2023–2033

Table 37: Europe Market Value (US$ million), By Country, 2018–2022

Table 38: Europe Market Value (US$ million) and Forecast By Country, 2023–2033

Table 39: Europe Market Volume (Tons), By Country, 2018–2022

Table 40: Europe Market Volume (Tons) and Forecast By Country, 2023–2033

Table 41: Europe Market Value (US$ million), By Type, 2018–2022

Table 42: Europe Market Value (US$ million) and Forecast By Type, 2023–2033

Table 43: Europe Market Volume (Tons), By Type, 2018–2022

Table 44: Europe Market Volume (Tons) and Forecast By Type, 2023–2033

Table 45: Europe Market Value (US$ million), By Application, 2018–2022

Table 46: Europe Market Value (US$ million) and Forecast By Application, 2023–2033

Table 47: Europe Market Volume (Tons), By Application, 2018–2022

Table 48: Europe Market Volume (Tons) and Forecast By Application, 2023–2033

Table 49: East Asia Market Value (US$ million), By Country, 2018–2022

Table 50: East Asia Market Value (US$ million) and Forecast By Country, 2023–2033

Table 51: East Asia Market Volume (Tons), By Country, 2018–2022

Table 52: East Asia Market Volume (Tons) and Forecast By Country, 2023–2033

Table 53: East Asia Market Value (US$ million), By Type, 2018–2022

Table 54: East Asia Market Value (US$ million) and Forecast By Type, 2023–2033

Table 55: East Asia Market Volume (Tons), By Type, 2018–2022

Table 56: East Asia Market Volume (Tons) and Forecast By Type, 2023–2033

Table 57: East Asia Market Value (US$ million), By Application, 2018–2022

Table 58: East Asia Market Value (US$ million) and Forecast By Application, 2023–2033

Table 59: East Asia Market Volume (Tons), By Application, 2018–2022

Table 60: East Asia Market Volume (Tons) and Forecast By Application, 2023–2033

Table 61: South Asia & Oceania Market Value (US$ million), By Country, 2018–2022

Table 62: South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023–2033

Table 63: South Asia & Oceania Market Volume (Tons), By Country, 2018–2022

Table 64: South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023–2033

Table 65: South Asia & Oceania Market Value (US$ million), By Type, 2018–2022

Table 66: South Asia & Oceania Market Value (US$ million) and Forecast By Type, 2023–2033

Table 67: South Asia & Oceania Market Volume (Tons), By Type, 2018–2022

Table 68: South Asia & Oceania Market Volume (Tons) and Forecast By Type, 2023–2033

Table 69: South Asia & Oceania Market Value (US$ million), By Application, 2018–2022

Table 70: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023–2033

Table 71: South Asia & Oceania Market Volume (Tons), By Application, 2018–2022

Table 72: South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023–2033

Table 73: MEA Market Value (US$ million), By Country, 2018–2022

Table 74: MEA Market Value (US$ million) and Forecast By Country, 2023–2033

Table 75: MEA Market Volume (Tons), By Country, 2018–2022

Table 76: MEA Market Volume (Tons) and Forecast By Country, 2023–2033

Table 77: MEA Market Value (US$ million), By Type, 2018–2022

Table 78: MEA Market Value (US$ million) and Forecast By Type, 2023–2033

Table 79: MEA Market Volume (Tons), By Type, 2018–2022

Table 80: MEA Market Volume (Tons) and Forecast By Type, 2023–2033

Table 81: MEA Market Value (US$ million), By Application, 2018–2022

Table 82: MEA Market Value (US$ million) and Forecast By Application, 2023–2033

Table 83: MEA Market Volume (Tons), By Application, 2018–2022

Table 84: MEA Market Volume (Tons) and Forecast By Application, 2023–203

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List Of Figures

Figure 1: Global Market Value (US$ million) and Volume (Tons) Forecast, 2023–2033

Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023–2033

Figure 3: Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033

Figure 4: Global Market Y–o–Y Growth Rate By Region, 2023–2033

Figure 5: Global Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033

Figure 6: Global Market Y–o–Y Growth Rate By Type, 2023–2033

Figure 7: Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033

Figure 8: Global Market Y–o–Y Growth Rate By Application, 2023–2033

Figure 9: North America Market Value (US$ million) and Volume (Tons) Forecast, 2023–2033

Figure 10: North America Market Absolute $ Opportunity (US$ million), 2023–2033

Figure 11: North America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033

Figure 12: North America Market Y–o–Y Growth Rate By Country, 2023–2033

Figure 13: North America Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033

Figure 14: North America Market Y–o–Y Growth Rate By Type, 2023–2033

Figure 15: North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033

Figure 16: North America Market Y–o–Y Growth Rate By Application, 2023–2033

Figure 17: North America Market Attractiveness Analysis By Country, 2023–2033

Figure 18: North America Market Attractiveness Analysis By Type, 2023–2033

Figure 19: North America Market Attractiveness Analysis By Application, 2023–2033

Figure 20: Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023–2033

Figure 21: Latin America Market Absolute $ Opportunity (US$ million), 2023–2033

Figure 22: Latin America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033

Figure 23: Latin America Market Y–o–Y Growth Rate By Country, 2023–2033

Figure 24: Latin America Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033

Figure 25: Latin America Market Y–o–Y Growth Rate By Type, 2023–2033

Figure 26: Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033

Figure 27: Latin America Market Y–o–Y Growth Rate By Application, 2023–2033

Figure 28: Latin America Market Attractiveness Analysis By Country, 2023–2033

Figure 29: Latin America Market Attractiveness Analysis By Type, 2023–2033

Figure 30: Latin America Market Attractiveness Analysis By Application, 2023–2033

Figure 31: Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023–2033

Figure 32: Europe Market Absolute $ Opportunity (US$ million), 2023–2033

Figure 33: Europe Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033

Figure 34: Europe Market Y–o–Y Growth Rate By Country, 2023–2033

Figure 35: Europe Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033

Figure 36: Europe Market Y–o–Y Growth Rate By Type, 2023–2033

Figure 37: Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033

Figure 38: Europe Market Y–o–Y Growth Rate By Application, 2023–2033

Figure 39: Europe Market Attractiveness Analysis By Country, 2023–2033

Figure 40: Europe Market Attractiveness Analysis By Type, 2023–2033

Figure 41: Europe Market Attractiveness Analysis By Application, 2023–2033

Figure 42: East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023–2033

Figure 43: East Asia Market Absolute $ Opportunity (US$ million), 2023–2033

Figure 44: East Asia Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033

Figure 45: East Asia Market Y–o–Y Growth Rate By Country, 2023–2033

Figure 46: East Asia Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033

Figure 47: East Asia Market Y–o–Y Growth Rate By Type, 2023–2033

Figure 48: East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033

Figure 49: East Asia Market Y–o–Y Growth Rate By Application, 2023–2033

Figure 50: East Asia Market Attractiveness Analysis By Country, 2023–2033

Figure 51: East Asia Market Attractiveness Analysis By Type, 2023–2033

Figure 52: East Asia Market Attractiveness Analysis By Application, 2023–2033

Figure 53: South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023–2033

Figure 54: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023–2033

Figure 55: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033

Figure 56: South Asia & Oceania Market Y–o–Y Growth Rate By Country, 2023–2033

Figure 57: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033

Figure 58: South Asia & Oceania Market Y–o–Y Growth Rate By Type, 2023–2033

Figure 59: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033

Figure 60: South Asia & Oceania Market Y–o–Y Growth Rate By Application, 2023–2033

Figure 61: South Asia & Oceania Market Attractiveness Analysis By Country, 2023–2033

Figure 62: South Asia & Oceania Market Attractiveness Analysis By Type, 2023–2033

Figure 63: South Asia & Oceania Market Attractiveness Analysis By Application, 2023–2033

Figure 64: MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023–2033

Figure 65: MEA Market Absolute $ Opportunity (US$ million), 2023–2033

Figure 66: MEA Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033

Figure 67: MEA Market Y–o–Y Growth Rate By Country, 2023–2033

Figure 68: MEA Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033

Figure 69: MEA Market Y–o–Y Growth Rate By Type, 2023–2033

Figure 70: MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033

Figure 71: MEA Market Y–o–Y Growth Rate By Application, 2023–2033

Figure 72: MEA Market Attractiveness Analysis By Country, 2023–2033

Figure 73: MEA Market Attractiveness Analysis By Type, 2023–2033

Figure 74: MEA Market Attractiveness Analysis By Application, 2023–2033

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- FAQs -

What is the Global Bio-based Platform Chemicals Market Size?

The global bio-based platform chemicals market is estimated at US$ 17.6 billion in 2023.

How will the market perform over the forecast period?

During 2023-2033, demand for bio-based platform chemicals is expected to increase at a CAGR of 7.2%.

What is North America Market Outlook?

The North American market is estimated to capture over 1/4th of the market share.

Which Application Holds the Highest Market Share?

Polymers are anticipated to capture the maximum market share due to rising demand for bio-based polymers in the construction, automotive, and pharmaceutical sectors.

What Percentage of Bio-based Platform Chemicals Going to Register Growth in Europe?

Bio-based platform chemicals are going to register a moderate growth rate in Europe with a CAGR of 6.9% between 2023 and 2033.

Who are the Major Players in the Bio-based Platform Chemicals Market?

BioAmber, BASF SE, Cargill, Mitsubishi Corporation, PTT Global Chemicals, Breskem SA, Evonik Industries, GFBiochemicals, Novozymes A/S, Succinity GmBH are some of the prominent manufacturers in the bio-based platform chemicals market.

What are the factors driving the Bio-based Platform Chemicals Growth During the Forecast Period?

Stringent regulations related to petroleum-based platform chemicals and increasing focus on carbon emissions reduction are considered the key factor for the growth of bio-based platform chemicals.

Bio-based Platform Chemicals Market

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