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Global Bio-Based Platform Chemicals Market: By Product Type: Bio Glycerol, Bio Glutamic Acid, Bio Itaconic Acid, Bio-3-Hydroxypropionic Acid, Bio Succinic Acid, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Bio-Based Platform Chemicals Market Outlook
The global bio-based platform chemicals market is anticipated to grow at a CAGR of 8.5% during the forecast period of 2023-2028. Strict public regulations and increased customer acceptance of environmentally friendly products are important factors driving the development of the bio-based platform chemicals industry.
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Market Segmentation
Bio-based chemical platforms constitute twelve (one not yet marketed) building block chemicals that can be manufactured from sugar through biological conversions. The group includes molecules with distinct functional groups that hold the potential to be transformed into other high-value chemicals. On the basis of types, the global bio-based platform chemicals market can be segmented as:
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- Bio Glycerol
- Bio Glutamic Acid
- Bio Itaconic Acid
- Bio-3-Hydroxypropionic Acid
- Bio Succinic Acid
- Others
The EMR report looks into the regional bio-based platform chemicals markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
Due to the growing awareness and rising environmental concern among consumers, the demand for environmental-friendly products has increased, which is aiding the bio-based platform chemicals market. Since the past few years, the market for bio-based platform chemicals has seen tremendous development owing to factors like favourable government policies and regulatory drives, fluctuation in crude oil prices, and increased use of bio-based products. Supply chain issues and price volatility of raw materials are the constraints for this market, which may hamper its growth during the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global bio-based platform chemicals market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Genomatica, Inc.
- WR Grace & Co-Conn
- BASF SE (OTCMKTS: BASFY)
- Corbion
- Rennovia, Inc.
- DuPont Tate & Lyle Bio Products Company, LLC
- Braskem
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Region |
| Breakup by Product Type | Bio Glycerol, Bio Glutamic Acid, Bio Itaconic Acid, Bio-3-Hydroxypropionic Acid, Bio Succinic Acid, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Genomatica, Inc., WR Grace & Co-Conn, BASF SE [BAS (ETR)], Corbion [CRBN (AMS)], Rennovia, Inc., DuPont Tate & Lyle Bio Products Company, LLC, Braskem [BRKM5 (BVMF)], Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Bio-Based Platform Chemicals Market Analysis
8.1 Key Industry Highlights
8.2 Global Bio-Based Platform Chemicals Historical Market (2018-2022)
8.3 Global Bio-Based Platform Chemicals Market Forecast (2023-2028)
8.4 Global Bio-Based Platform Chemicals Market by Product Type
8.4.1 Bio Glycerol
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Bio Glutamic Acid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Bio Itaconic Acid
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Bio-3-Hydroxypropionic Acid
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Bio Succinic Acid
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Bio-Based Platform Chemicals Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Genomatica, Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 W.R Grace and Co.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 BASF SE
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Corbion N.V
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 DuPont Tate and Lyle Bio Products Company, LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Braskem S.A
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Rennovia, Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Bio-Based Platform Chemicals Market: Key Industry Highlights, 2018 and 2028
2. Global Bio-Based Platform Chemicals Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Bio-Based Platform Chemicals Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Bio-Based Platform Chemicals Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Bio-Based Platform Chemicals Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Bio-Based Platform Chemicals Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Bio-Based Platform Chemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Bio-Based Platform Chemicals Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Bio-Based Platform Chemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Bio-Based Platform Chemicals Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Bio-Based Platform Chemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Bio-Based Platform Chemicals Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Bio-Based Platform Chemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Bio-Based Platform Chemicals Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Bio-Based Platform Chemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Global Bio-Based Platform Chemicals Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.5% between 2023 and 2028.
The major drivers of the industry include rising population, strict public regulations, and increased customer acceptance of environmentally friendly products.
The growing awareness and rising environmental concern among consumers is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of Bio-based platforms chemicals available are bio glycerol, bio glutamic acid, bio itaconic acid, bio-3-hydroxypropionic acid, and bio succinic acid, amongst others.
The leading players in this market are Genomatica, Inc., WR Grace & Co-Conn, BASF SE (OTCMKTS: BASFY), Corbion, Rennovia, Inc., DuPont Tate & Lyle Bio Products Company, LLC, and Braskem, amongst others.
Analyst Review
The global bio-based platform chemicals market was driven by strict public regulations and increased customer acceptance of environmentally friendly products. Aided by growing awareness and rising environmental concern among consumers, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 8.5%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the bio-based platform chemicals market can be segmented into bio glycerol, bio glutamic acid, bio itaconic acid, bio-3-hydroxypropionic acid, and bio succinic acid, amongst others. The major regional markets for bio-based platforms chemicals are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Genomatica, Inc., WR Grace & Co-Conn, BASF SE (OTCMKTS: BASFY), Corbion, Rennovia, Inc., DuPont Tate & Lyle Bio Products Company, LLC, and Braskem, amongst others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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