Bio-based Chemicals Market size was valued at US$ 82.37 Bn in 2022 and the total revenue is expected to grow at 161.03 Mn By 2029, CAGR of 10.05% during forecast period. The global Bio-based Chemicals market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Bio-based Chemicals report also provides trends by market segments, technology, and investment with a competitive landscape.Bio-based Chemicals Market Overview:
Bio-based chemicals are products derived from plants and other renewable agricultural, marine, and forestry materials. These chemicals are widely used in food, pharmaceuticals, and cosmetics.To know about the Research Methodology :- Request Free Sample Report
Bio-based Chemicals Market Dynamics:
Bio-based chemicals are used in various sectors, this factor drive the bio-based market demand. The need to reduce the emission of greenhouse gases and rising demand for bio-derived goods because of environmental issues is expected to drive the market demand during the forecast period. The growing use of bio-based alcohols in the food & beverage industry, and the automobile and transportation industries for bio-based lubricants fuels the global demand for bio-based chemicals. In developed countries, increasing disposable income and growing population are expected to further raise demand for bio-fertilizers, biocides, cosmetics, plastics, and chemical formulations. The growing number of lignocellulosic bio-refineries is expected to generate lucrative opportunities for major players operating in the global bio-based chemicals market. The rise in carbon minimization policies and increased investment in R&D activities for the production of bio-based chemicals is also estimated to boost the demand during the forecast period. Volatile raw material prices are hampering the development of the global economy.Bio-based Chemicals Market Segment Analysis:
By Type, the bio-based chemicals market is bifurcated into bioplastics, bio-lubricants, bio-solvents, bio-alcohols, bio-based acids, bio-surfactants. The Bio-alcohols segment accounted for the largest share of more than 42.7% in terms of volume in 2021. Industrial uses of bio-ethanol include fragrance and scent processing, medicinal formulations for cosmetics, and personal care. By Application, the market is bifurcated into food & beverage, pharmaceuticals, agriculture, packaging. The food & beverage segment held a share of more than 26.2% in terms of volume and is estimated to grow at US$ 16.49 billion in 2021 thanks to growing eating preferences, disposable income, and changing lifestyle.Bio-based Chemicals Market Recent Development:
January 2020: Rudolf Group, the German textile chemical corporation, offered the first bio-based, robust water repellent solutions. By accepting natural sources as the core components of two new Robust Water Repellent (DWR) technologies, the Rudolf Group has pushed the limits of R&D. December 2020: DuPont Nutrition & Biosciences and Kemira announced an exclusive collaboration for the production and commercialization of DuPont's enzymatic polymerization-based polysaccharide platform technology for some applications. The alliance will bring new, bio-based, and inherently biodegradable product lines to the strategic markets of Kemira, including paper and board, water treatment, and the oil and gas industry.Bio-based Chemicals Market Regional Insights:
Europe is dominating the Bio-based Chemicals Market Europe has accounted for the largest share of the bio-based chemicals market more than 33.75% in 2022 thanks to the increasing growth of value chains of bio-based feedstock, i.e. the manufacture of bio-refineries and biochemicals. The main drivers of the demand in this area are the decline of natural resources, rising crude oil prices, and tight government regulations. The regional market was estimated at USD 19,950.8 million in 2022 and a CAGR of 10.85% during the forecast period. North America is expected to be the Second-Largest Region of Secondary Alkanes Sulfonate Market North America is projected to grow at a higher CAGR, thanks to the emergence of low-cost and plentiful feedstock, shifting emphasis on the use of environmentally sustainable goods, and the introduction of many government policies. The objective of the report is to present a comprehensive analysis of the Global Bio-based Chemicals market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Bio-based Chemicals market dynamics, structure by analyzing the market segments and project the Global Bio-based Chemicals market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bio-based Chemicals market make the report investor’s guide.Bio-based Chemicals Market Scope: Inquire before buying
Bio-based Chemicals Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 82.37 Bn. Forecast Period 2023 to 2029 CAGR: 10.05% Market Size in 2029: US $ 161.03 Bn. Segments Covered: by Type • Bioplastics • Bio-Lubricants • Bio-Solvents • Bio-Alcohols • Bio-Based Acids • Bio-Surfactants by Application • Food & Beverage • Pharmaceuticals • Agriculture • Packaging Bio-based Chemicals Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Bio-based Chemicals Market Key Players
• BASF SE (Germany) • Vertec BioSolvents (US) • AGAE Technologies, LLC (US) • TOTAL (France) • BioAmber Inc (US) • Archer Daniels Midland Company (US) • DowDuPont (US) • Braskem SA (Brazil) • Evonik Industries (Germany) • Toray Industries Inc (Japan) • Cargill, Incorporated (US) • Itaconix PLC (UK) • GFBiochemicals Ltd (UK) • Mitsubishi Chemical Corporation (Japan) • Royal DSM NV (The Netherlands) • ABENGOA, S.A. • Eastman Chemical Company • Corbion • UPM Biochemicals • Tate & Lyle Bio Products Company LLC • IP Group Plc • Parchem fine & specialty chemicals Inc. Frequently Asked Questions: 1. Which region has the largest share in Global Bio-based Chemicals Market? Ans: Europe region holds the highest share in 2022. 2. What is the growth rate of Global Bio-based Chemicals Market? Ans: The Global Bio-based Chemicals Market is growing at a CAGR of 10.05% during forecasting period 2023-2029. 3. What is scope of the Global Bio-based Chemicals market report? Ans: Global Bio-based Chemicals Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Bio-based Chemicals market? Ans: The important key players in the Global Bio-based Chemicals Market are – BASF SE (Germany), Vertec BioSolvents (US), AGAE Technologies, LLC (US) 5. What is the study period of this market? Ans: The Global Bio-based Chemicals Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Bio-based Chemicals Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Bio-based Chemicals Market 3.4. Geographical Snapshot of the Bio-based Chemicals Market, By Manufacturer share 4. Global Bio-based Chemicals Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Types 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Bio-based Chemicals Market 5. Supply Side and Demand Side Indicators 6. Global Bio-based Chemicals Market Analysis and Forecast, 2022-2029 6.1. Global Bio-based Chemicals Market Size & Y-o-Y Growth Analysis. 7. Global Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Bioplastics 7.1.2. Bio-Lubricants 7.1.3. Bio-Solvents 7.1.4. Bio-Alcohols 7.1.5. Bio-Based Acids 7.1.6. Bio-Surfactants 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Food & Beverage 7.2.2. Pharmaceuticals 7.2.3. Agriculture 7.2.4. Packaging 8. Global Bio-based Chemicals Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Bioplastics 9.1.2. Bio-Lubricants 9.1.3. Bio-Solvents 9.1.4. Bio-Alcohols 9.1.5. Bio-Based Acids 9.1.6. Bio-Surfactants 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Food & Beverage 9.2.2. Pharmaceuticals 9.2.3. Agriculture 9.2.4. Packaging 10. North America Bio-based Chemicals Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Bio-based Chemicals Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Bio-based Chemicals Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Bio-based Chemicals Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Bio-based Chemicals Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Bio-based Chemicals Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Bio-based Chemicals Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Type Launches and Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. BASF SE (Germany) 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Type Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Vertec BioSolvents (US) 45.3.3. AGAE Technologies, LLC (US) 45.3.4. TOTAL (France) 45.3.5. BioAmber Inc (US) 45.3.6. Archer Daniels Midland Company (US) 45.3.7. DowDuPont (US) 45.3.8. Braskem SA (Brazil) 45.3.9. Evonik Industries (Germany) 45.3.10. Toray Industries Inc (Japan) 45.3.11. Cargill, Incorporated (US) 45.3.12. Itaconix PLC (UK) 45.3.13. GFBiochemicals Ltd (UK) 45.3.14. Mitsubishi Chemical Corporation (Japan) 45.3.15. Royal DSM NV (The Netherlands) 45.3.16. ABENGOA, S.A. 45.3.17. Eastman Chemical Company 45.3.18. Corbion 45.3.19. UPM Biochemicals 45.3.20. Tate & Lyle Bio Products Company LLC 45.3.21. IP Group Plc 45.3.22. Parchem fine & specialty chemicals Inc. 46. Primary Key Insights