Biotechnology Based Chemicals Market: Global Industry Analysis and Forecast (2021-2027), Key Trends, Sales Revenue Analysis, Market Share, Industry Share, Market Size.

Biotechnology Based Chemicals Market size was valued at US$ 78.66 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 10.4% through 2021 to 2027, reaching nearly US$ 157.23 Bn.

Biotechnology Based Chemicals Market Overview:

Lactic acid, threonine, polyhydroxyalkanoates, lysine, and glutamic acid are examples of biotechnology-based compounds. Glutamic acid is a cosmetic component that aids in skin hydration and is used in the production of body lotions and facial creams. Bioethanol, Bio-Lubricants, Bio-Solvents, and Bio-Alcohols are some of the types of biotechnology based chemicals. Food & Beverage, Pharmaceuticals, Agriculture, and Packaging are the industries that use biotechnology based chemicals. Biotechnology Based Chemicals Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Global Biotechnology Based Chemicals Market Dynamics:

In research and development (R&D) laboratories, many manufacturers have increased their investment. This is owing to the increased adoption of biotechnology applications in agriculture, food processing, energy production, waste treatment, and bioremediation. Biotechnology uses techniques like fermentation, tissue culture, and genetic engineering to create products. Farmers are increasingly adopting genetically engineered crop-based agriculture as a consequence of several government programs for green revolutions, which has provided many lucrative chances for the biotechnology-based chemical market. The growing adoption of biotechnology-based chemicals in the pharmaceutical and food & beverage industries is attributed to the increasing demand for animal feed, growing government and key player investment in research and development, and rising adoption of biotechnology-based chemicals in the pharmaceutical and food & beverage industries. Fluctuations in raw material prices, as well as the development and approval of new plant biotechnology, all of which come at a high cost, may hamper the growth of the global market during the forecast period 2021-2027. Growing demand for polylactic acid (PLA) plastics will necessitate more lactic acid supply. This, in turn, is expected to boost the growth of the global market during the forecast period. When compared to petroleum products, industrial biotechnology offers procedures with lower carbon footprints and greenhouse gas emissions (GNG). Compared to synthetic procedures, these are cleaner and use less energy. Due to this factor, the market for biotechnology-based chemicals is expected to rise. Due to rapid industrial biotechnology advances and rising crude oil prices, biotechnology-based chemicals products, which are a niche operation in terms of world chemical production, are expected to see substantial development. This aspect is expected to increase the market penetration of biotechnology-based chemicals.Biotechnology Based Chemicals Market

Global Biotechnology Based Chemicals Market Segment Analysis:

Based on the Type, the market is segmented into Bioethanol, Bio-Lubricants, Bio-Solvents, Bio-Alcohols, and Others. Bioethanol segment is expected to hold the largest market share of xx% by 2027. Bio-ethanol is a clear, colorless liquid that is both biodegradable and environmentally friendly. The automobile industry uses bio-ethanol primarily as an octane enhancer for decreasing engine knocking. The increased use of bioethanol in bio-alcohols for the manufacture of personal care and cosmetics goods is expected to drive the growth of this segment in the global market. Medical formulations, smell processing, fragrance, and formulations all use bioethanol. These are the key factors that are expected to boost the growth of the Bioethanol segment in the global market during the forecast period 2021-2027. Based on the Application, the market is segmented into Food & Beverage, Pharmaceuticals, Agriculture, Packaging, and Others. The pharmaceuticals segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. The global trend toward bio-based products, combined with end-use applications in the pharmaceutical, is expected to be a major driver of market growth for biotechnology-based chemicals. This is due to the natural medications are in higher demand than synthetic chemicals, the pharmaceutical industry is the largest user of biotechnology-based chemicals. During the forecast period, rising awareness of the negative impacts of chemical medicine consumption is expected to boost the growth of the global biotechnology-based chemicals market. Biotechnology Based Chemicals Market

Global Biotechnology Based Chemicals Market Regional Insights:

The Asia Pacific dominates the Global Biotechnology Based Chemicals market during the forecast period 2021-2027. The Asia Pacific is expected to hold the largest market share of xx% by 2027. This is due to the rising pharmaceutical sector in emerging economies such as China and India. During the forecast period, rising citric acid demand from China's food and beverage industry is expected to boost the region's biotechnology-based chemicals market growth. North America and Europe are expected to grow rapidly at a CAGR of xx% and xx% during the forecast period 2021-2027. In North America and Europe, the market for biotechnology-based chemicals is expected to rise due to a shift in consumer preferences towards bio-based products as a result of increased awareness about the health risks associated with non-bio-based products. Due to increased lysine utilisation as a supplement in swine and poultry feeds, the dominant animal feed industry presence in China and the United States is expected to support market growth over the forecast period. Many biorefineries already operate in the United States, processing corn into sugars, oils, food ingredients, and animal feeds. The objective of the report is to present a comprehensive analysis of the Global Biotechnology 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, 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 analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Biotechnology Based Chemicals Market dynamic, structure by analyzing the market segments and project the Global Biotechnology 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 Biotechnology Based Chemicals Market make the report investor’s guide.

Global Biotechnology Based Chemicals Market Scope: Inquiry Before Buying

Global Biotechnology Based Chemicals Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 78.66 Bn.
Forecast Period 2021 to 2027 CAGR: 5.87% Market Size in 2027: US $ 157.23 Bn.
Segments Covered: by Type • Bioethanol • Bio-Lubricants • Bio-Solvents • Bio-Alcohols • Others
by Application • Food & Beverage • Pharmaceuticals • Agriculture • Packaging • Other

Global Biotechnology Based Chemicals Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Biotechnology Based Chemicals Market Key Players

• BASF SE • Vertec BioSolvents • AGAE Technologies, LLC • TOTAL • BioAmber Inc. • Archer Daniels Midland Company • DowDuPont • Braskem SA • Evonik Industries • Toray Industries Inc. • Cargill, Incorporated • Itaconix PLC • GFBiochemicals Ltd • Mitsubishi Chemical Corporation • Royal DSM NV Frequently Asked Questions: 1] What segments are covered in Global Biotechnology Based Chemicals Market report? Ans. The segments covered in Global Biotechnology Based Chemicals Market report are based on Type, and Application. 2] Which region is expected to hold the highest share in the Global Biotechnology Based Chemicals Market? Ans. Asia Pacific is expected to hold the highest share in the Global Biotechnology Based Chemicals Market. 3] Who are the top key players in the Global Biotechnology Based Chemicals Market? Ans. BASF SE, Vertec BioSolvents, AGAE Technologies, LLC, TOTAL, and Bomber Inc. are the top key players in the Global Biotechnology Based Chemicals Market. 4] Which segment holds the largest market share in the Global Biotechnology Based Chemicals market by 2027? Ans. Bioethanol segment hold the largest market share in the Global Biotechnology Based Chemicals market by 2027. 5] What is the market size of the Global Biotechnology Based Chemicals market by 2027? Ans. The market size of the Global Biotechnology Based Chemicals market is expected to reach US $157.23 Bn. by 2027. 6] What was the market size of the Global Biotechnology Based Chemicals market in 2020? Ans. The market size of the Global Biotechnology Based Chemicals market was worth US $78.66 Bn. in 2020.

About This Report

Report ID 81861
Category Material & Chemical
Published Date February 2021
Updated Date Dec 2021
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