Bio-based Platform Chemicals Market with COVID-19 Impact Analysis, By Product Type (Bio glycerol, Bio glutamic acid, Bio itaconic acid, Bio-3-hydroxypropionic acid, and Bio succinic acid), By End User and By Region Industry Analysis, Market Size, Market Share & Forecast from 2022-2028
REPORT HIGHLIGHT
Bio-based Platform Chemicals Market size was valued at USD 17,900.4 Million in 2021, expanding at a CAGR of 13.8% from 2022 to 2028.
Bio-based materials are broken down and processed to create bio-based platform chemicals. Many chemicals and materials with improved functionality and the capacity to be converted into a variety of other compounds are produced using this technique. Twelve building block chemicals also referred to as "bio-based platform chemicals" can be generated from sugar by biological conversions.
Market Dynamics
The demand for bio-based platform chemicals is growing because of rising environmental concerns and increased awareness about the use of renewable biological resources in industrial applications. Plant-based platform chemicals are preferred to those made from fossil fuels. These eco-friendly substitutes assist in lowering dependency on fossil fuels as a source of chemicals, materials, and fuel as well as greenhouse gas emissions throughout the entire manufacturing chain. The use of fossil fuels to power internal combustion engines makes the transportation industry the world's largest producer of greenhouse gases. Countries all over the world are putting strict restrictions into place to reduce greenhouse gas emissions. In order to reduce pollution, they are also requiring the use of gasoline blended with ethanol. These factors are expected to drive the growth of the bio-based platform chemicals market.
Biochemicals can dissolve in a variety of acids and alcohols, including lactic acid, ethanol, and succinic acid. Bio-based platform chemicals are also used as organic components in the production of shampoos, detergents, and numerous pharmaceutical goods. The market is anticipated to be driven by rising demand for these chemicals and the rising use of bio-based goods. COVID-19 has had a negative impact on the market as the automotive and construction industries have witnessed a significant drop in their business and revenues.
Segmentation Analysis:
The Global Bio-based Platform Chemicals Market is categorized on the basis of End User, Product Type, and Region.
The market is divided into two categories based on Product Type: bio glutamic acid, bio glycerol, bio itaconic acid, bio-succinic acid, bio-3-hydroxy propionic acid, and others. The bio-glycerol segment dominates the market. Increasing demand for glycerol products in the chemical industry is boosting segment growth.
The market is divided into three categories based on end-user: food & beverage, pharmaceutical, chemical, plastic, and others. The food and beverage segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand for sugar products such as diabetic sweeteners.
Competitive Landscape:
The global Bio-based Platform Chemicals market is highly consolidated in nature and comprised of small and large players. Companies are concentrating on the creation of cutting-edge process technologies for the manufacturing of bio-based platform chemicals. These substances are made to be environmentally beneficial and biodegradable. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, partnerships, distribution network development, R&D spending, and mergers and acquisitions.
For instance, in June 2021, Cargill collaborated with Helm Company to build a US$ 300 million commercial-scale 1, 4-butanediol facility under a JV Qore, to support leading brands replace fossil-based chemistries with bio-based intermediates.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BIO-BASED PLATFORM CHEMICALS MARKET KEY PLAYERS
- BASF SE
- ADM
- BioAmber Inc. (ARD)
- DuPont
- Cargill
- POET, LLC
- Roquette
- GFBiochemicals
- Yield10 Bioscience Inc.
- AVA Biochem AG
- Novozymes
- Braskem
- Pyran, Inc.
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
GLOBAL BIO-BASED PLATFORM CHEMICALS MARKET, BY END USER
- Food & Beverage
- Pharmaceutical
- Chemical
- Plastic
- Others
GLOBAL BIO-BASED PLATFORM CHEMICALS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
TABLE OF CONTENT
1. Bio-based Platform Chemicals Market Overview
1.1. Study Scope
2. Executive Summary
2.1. Market Snippet
2.1.1. Market Snippet by Product Type
2.1.2. Market Snippet by End User
2.1.3. Market Snippet by Country
2.1.4. Market Snippet by Region
2.2. Competitive Insights
3. Bio-based Platform Chemicals Key Market Trends
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. Bio-based Platform Chemicals Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Bio-based Platform Chemicals Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Bio-based Platform Chemicals Market Landscape
6.1. Market Share Analysis, 2021
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Bio-based Platform Chemicals Market – By Product Type
7.1. Overview
7.1.1. Segment Share Analysis, By Product Type, 2021 & 2028 (%)
7.1.2. Bio glycerol
7.1.3. Bio glutamic acid
7.1.4. Bio itaconic acid
7.1.5. Bio-3-hydroxypropionic acid
7.1.6. Bio succinic acid
7.1.7. Others
8. Bio-based Platform Chemicals Market – By End User
8.1. Overview
8.1.1. Segment Share Analysis, By End User, 2021 & 2028 (%)
8.1.2. Food & Beverage
8.1.3. Pharmaceutical
8.1.4. Chemical
8.1.5. Plastic
8.1.6. Others
9. Bio-based Platform Chemicals Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2021 & 2028 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
9.2.4. North America Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.2.5. North America Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.2.7.3. Canada Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.2.7.4. Canada Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.5. Europe Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.9.4. France Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.3.10. Russia
9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.10.2. Russia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.10.3. Russia Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.3.11. Netherlands
9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.11.2. Netherlands Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.11.3. Netherlands Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.3.12. Sweden
9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.12.2. Sweden Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.12.3. Sweden Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.3.13. Poland
9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.13.2. Poland Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.13.3. Poland Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.3.14. Rest of Europe
9.3.14.1. Overview
9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.14.3. Rest of the Europe Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.14.4. Rest of the Europe Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.6.4. India Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.7.4. China Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.4.10. Australia
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.10.3. Australia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.10.4. Australia Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.4.11. Thailand
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.11.3. Thailand Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.11.4. Thailand Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.4.12. Indonesia
9.4.12.1. Overview
9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.12.3. Indonesia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.12.4. Indonesia Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.4.13. Philippines
9.4.13.1. Overview
9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.13.3. Philippines Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.13.4. Philippines Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.4.14. Rest of APAC
9.4.14.1. Overview
9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.14.3. Rest of APAC Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.14.4. Rest of APAC Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.5.9. Colombia
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5.9.3. Colombia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.9.4. Colombia Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5.10.3. Rest of LATAM Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.10.4. Rest of LATAM Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.6.8. Israel
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.8.3. Israel Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.8.4. Israel Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.6.9. Turkey
9.6.9.1. Overview
9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.9.3. Turkey Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.9.4. Turkey Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.6.10. Algeria
9.6.10.1. Overview
9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.10.3. Algeria Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.10.4. Algeria Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.6.11. Egypt
9.6.11.1. Overview
9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.11.3. Egypt Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.11.4. Egypt Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
9.6.12. Rest of MEA
9.6.12.1. Overview
9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.12.3. Rest of MEA Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.12.4. Rest of MEA Market Size and Forecast, By End User, 2017 - 2028 (US$ Million)
10. Key Vendor Analysis
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. BASF SE
10.2.2. ADM
10.2.3. BioAmber Inc. (ARD)
10.2.4. DuPont
10.2.5. Cargill
10.2.6. POET, LLC
10.2.7. Roquette
10.2.8. GFBiochemicals
10.2.9. Yield10 Bioscience Inc.
10.2.10. AVA Biochem AG
10.2.11. Novozymes
10.2.12. Braskem
10.2.13. Pyran, Inc.
11. 360 Degree Analyst View
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
