Bio-based Platform Chemicals Market 2020-2024 | Insights by Types, Applications, Market Drivers, Industry Segmentation and Forecast Analysis

Bio-based Platform Chemicals

The Key purpose of “Bio-based Platform Chemicals Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. Bio-based Platform Chemicals market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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Bio-based Platform Chemicals Market Covers Key Players:

  • Aktin Chemicals Inc..
  • Braskem
  • Cargill Incorporated
  • Champlor (Valtris Specialty Chemicals)
  • DuPont
  • Koninklijke DSM N.V.
  • Evonik Industries AG
  • GFBiochemicals Ltd.
  • Kawasaki Kasei Chemicals Ltd.
  • LyondellBasell Industries Holdings B.V.
  • Nippon Shokubai Co. Ltd
  • Novozymes
  • PTT Global Chemical Public Company
  • Tokyo Chemical Industry Co. Ltd

    Market Overview:

  • The market for bio-based platform chemicals is expected to grow at a CAGR of around 9% during the forecast period of 2019 – 2024. The major factors driving the growth of market studied are rising demand from the pharmaceutical industry, and stringent government regulations on conventional petroleum-based products. On the flipside, raw material shortage, and fitted competition from oil based platform chemicals are likely to hinder the growth of the studied market.
  • – Bio-glycerol segment dominated the market in 2018 and is expected to grow during the forecast period with growing demand from industries, such as pharmaceutical, cosmetics, food & beverages, etc.
  • – Increasing consumer inclination towards eco-friendly products, and technological modification are likely to provide opportunities for the studied market during the forecast period.
  • – North America dominated the market across the globe, with is fueled by huge investment into its pharmaceutical industry, and stringent regulations promoting the use of environmental friendly products.<

    The Bio-based Platform Chemicals Market Report Includes:

    • The Bio-based Platform Chemicals market report covers the present status and future prospects.
    • The report analyses market trends, size, and forecast in different geographically.
    • The report provides market competition overview among the Top companies.
    • The report provides a complete analysis of the current and emerging market trends and opportunities.

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    Scope of the Report:

  • This report studies the global Bio-based Platform Chemicals market size, industry status and forecast, competition landscape and growth opportunity.

    Key Market Trends:

    Bio-Glycerol Segment to Witness Strong Growth

    – Bio-glycerol is a major by-product during the production of bio-diesel through transesterification of triglycerides (fats & vegetable oil feedstocks) with methanol.
    – For each triglyceride mole conversion during the biodiesel production process, an equimolar quantity of glycerol is produced, i.e. with a production of 100 kilograms of biodiesel, about 10 kilograms of crude glycerol is produced.
    – Bio-based glycerol is comparatively economical and is used as a feedstock in various products, like butanol, 1,3-propanediol, 2,3-butanediol, citric acid, and poly (hydroxyalkanoates).
    – Bio-glycerol is widely used in various end-user industries, such as cosmetics, pharmaceuticals, food & beverages, resins, detergents, plastics, and tobacco.
    – The demand for bio-glycerol is mainly driven due to the growing demand in countries, like China, India, Indonesia, United States, and Saudi Arabia.
    – In addition to the largest market share, bio-glycerol is also expected to be the fastest growing product segment during the forecast period.

    North America Region to Dominate the Market

    – North America region dominated the global market share in 2018 and is likely to continue holding largest share during the forecast period, owing to government regulations promoting the use of bio-based products, and continuous research & innovations in the field of technological modification.
    – Moreover, stringent regulations related to petroleum-based platform chemicals, and depletion of fossil fuel reserves further provides growth opportunity for the bio-based platform chemicals market in the region.
    – In addition, end-user industries, such as food & beverage, cosmetics, pharmaceutical, and fertilizer industries in the country are strictly regulated in order to avoid negative effects on the health of citizens. In this regards, these industries are more likely to shift to bio-based raw materials as compared to petroleum-based raw materials.
    – With research & development of bio-based platform chemicals and exploration of its beneficial applications in such industries can lead to mandate the use of such bio-based platform chemicals in the region.
    – Hence, all such factors are likely to drive the demand for bio-based platform chemicals in the region during the forecast period.

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    Important Questions Answered in The Bio-based Platform Chemicals Market Report:

    • What is the main factor that takes this market to the next level?
    • What will the market demand and what will be growth?
    • What are the latest opportunities for the Bio-based Platform Chemicals Market in the future?
    • What are the strengths of the main players?
    • What is the key to the Bio-based Platform Chemicals Market?

    Detailed TOC of Bio-based Platform Chemicals Market Report 2020-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Rising Demand from the Pharmaceutical Industry
    4.1.2 Stringent Government Regulations on Conventional Petroleum-based Products
    4.2 Restraints
    4.2.1 Raw Material Shortage
    4.2.2 Fitted Competition from Oil-based Platform Chemicals
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5.1 Product Type
    5.1.1 Bio Glycerol
    5.1.2 Bio Glutamic Acid
    5.1.3 Bio Itaconic Acid
    5.1.4 Bio-3-Hydroxypropionic Acid
    5.1.5 Bio Succinic Acid
    5.1.6 Others
    5.2 Geography
    5.2.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
    5.2.2 North America United States Canada Mexico
    5.2.3 Europe Germany United Kingdom Italy France Rest of Europe
    5.2.4 South America Brazil Argentina Rest of South America
    5.2.5 Middle East & Africa South Africa Saudi Arabia Rest of Middle East & Africa

    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Aktin Chemicals Inc..
    6.4.2 BASF SE
    6.4.3 Braskem
    6.4.4 Cargill Incorporated
    6.4.5 Champlor (Valtris Specialty Chemicals)
    6.4.6 DuPont
    6.4.7 Koninklijke DSM N.V.
    6.4.8 Evonik Industries AG
    6.4.9 GFBiochemicals Ltd.
    6.4.10 Kawasaki Kasei Chemicals Ltd.
    6.4.11 LyondellBasell Industries Holdings B.V.
    6.4.12 Nippon Shokubai Co. Ltd
    6.4.13 Novozymes
    6.4.14 PTT Global Chemical Public Company
    6.4.15 Tokyo Chemical Industry Co. Ltd

    7.1 Increasing Consumer Inclination towards Eco-friendly Products
    7.2 Technological Modification


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