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The Global Bio-Based Platform Chemicals Market Is Anticipated To Top US$ 23 Mn By 2031

Pratibha Khopade
The Global Bio-Based Platform Chemicals Market Is Anticipated To Top US$ 23 Mn By 2031

According to Fact.MR’s latest industry analysis on bio-based platform chemicals, the global market was valued at US$ 13 Mn in 2020 and is expected to accelerate at a CAGR of 8% to top US$ 23 Mn by 2031. Demand for C-5 platform chemicals (levulinic acid, glutamic acid, itaconic acid, and xylitol) is projected to rise at a CAGR of 7% across the assessment period of 2021 to 2031.

 The research report on the global Bio-based Platform Chemicals Market also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market.

Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into.

To back its opinion, the research report covers all the factors and events such as mergers, acquisitions, takeovers, joint ventures, and strategic alliances. It also analyzes the entry barriers and overall intensity of the competition in the global Bio-based Platform Chemicals Market.

Bio-Based Platform Chemicals Consumption Analysis from 2016-2020 Vs Future Market Outlook for 2021-2031

As per Fact.MR - a market research and competitive intelligence provider, the global market for bio-based platform chemicals was valued at US$ 13 Mn in 2020.

Significant growth in the chemical and pharmaceutical industries represents one of the key factors creating a positive outlook for the market. Increasing consumption of bio-based C-3 platform chemicals, growing demand for environment-friendly & bio-based chemicals, and rising demand for bio-based levulinic acid & bio-based glucaric acid are also driving the market growth.

Additionally, various product innovations, such as the development of superabsorbent polymers (SAPs), are acting as other growth-inducing factors. SAPs exhibit superior water-absorbing capabilities and thus used for the production of diapers, adult incontinence pads, absorbent medical dressings, and controlled release drugs.


Market Players:

  • BioAmber, Inc.
  • Cargill, Inc.
  • Mitsubishi Chemical Corporation
  • PTT Global Chemical Public Co. Ltd.
  • DuPont Tate & Lyle Bio Products Company LLC
  • Braskem SA
  • Evonik Industries AG
  • DowDuPont, Inc.
  • GFBiochemicals Ltd.
  • Koninklijke DSM NV
  • Myriant Corporation
  • Novozymes A/S
  • Prinova Group LLC.
  • Yield10 Bioscience, Inc.
  • Succinity GmbH

Key Takeaways from Market Study

  • Global bio-based platform chemicals market to top US$ 23 Mn by 2031.
  • C-3 platform chemicals projected to reach around US$ 10 Mn by 2031.
  • C-4 platform chemicals projected to record above 7% CAGR over next 10 years.
  • North America is the most lucrative region and will generate over 50% of global revenue by 2031.
  • Market in Australia expected to reach valuation of US$ 3 Mn by 2031.
  • Market in Germany to record 6% CAGR over forecast period of 2021- 2031.

Key Segments in Bio-Based Platform Chemicals Industry Research

·        Type

  • C-3 Platform Chemicals
  • Bio-based Glycerol
  • Bio-3-Hydroxypropionic Acid
  • C-4 Platform Chemicals
  • Bio-based Succinic Acid
  • Bio-based Fumaric Acid
  • Bio-based Malic Acid
  • Bio-based Aspartic Acid
  • C-5 Platform Chemicals
  • Bio-based Levulinic Acid
  • Bio-based Glutamic Acid
  • Bio-based Itaconic Acid
  • Bio-based Xylitol
  • C-6 Platform Chemicals
  • Bio-based Sorbitol
  • Bio-based Glucaric Acid
  • Bio-based 2,5-Furan Dicarboxylic Acid

·        Application

  • Bio-based Platform Chemicals for Polymers
  • Bio-based Platform Chemicals for Plastic Formulation
  • Bio-based Platform Chemicals for Bio-fuel
  • Bio-based Platform Chemicals for Cosmetics
  • Bio-based Platform Chemicals for Paints & Coatings
  • Bio-based Platform Chemicals for Solvents
  • Bio-based Platform Chemicals for Pharmaceuticals

Reasons to choose a Fact.MR:

  • Exhaustive research regarding the market to offer A to Z information.
  • Digital technologies to provide innovative business solutions to clients.
  • 24/7 availability of services.
  • Interaction with suppliers, vendors, and service providers for a precise market landscape.
  • Reports tailored as per the requirements of the clients.

Read More Insights: https://www.factmr.com/report/5366/biobased-platform-chemicals-market

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Pratibha Khopade
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