NEW YORK, July 29, 2022 /PRNewswire/ — The Bio-Based Platform Chemicals Market is part of the global chemical industry diversified within the chemical sector, as categorized by Technavio. The global diversified chemical industry covers companies engaged in the manufacture of a diverse range of chemicals that are not included in the categories of industrial gases, basic chemicals, specialty chemicals or fertilizers, and chemicals agricultural. Additionally, the market value of bio-based platform chemicals is expected to grow from $2.12 billiongrowing at a CAGR of 10.78% from 2020 to 2025, according to the latest Technavio report.

Technavio has announced its latest market research report titled Bio-based Platform Chemicals Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Visualize the bio-based platform chemicals market using Technavio Intelligence. BROWSE THE SUMMARY OF THE RESEARCH REPORT TO LEARN MORE

Strong points-

  • Segmentation – The report covers in detail market segmentation by chemical type (bio-1 4 diacids, bio-glycerol, bio-glutamic acid, bio-3-HPA and bio-itaconic acid) and geography (APAC, Europe, North AmericaAME and South America).

  • Key companies – BASF SE, Braskem SA, DuPont Tate & Lyle Bio Products Company LLC, Evonik Industries AG, IP Group Plc, Koninklijke DSM NV, LyondellBasell Industries NV, Merck KGaA, Parchem Fine and Specialty Chemicals Inc. and PTT Global Chemical Public Co. Ltd .among others.

  • Driver – Crude oil price volatility to drive the market.

  • Orientation – Increase in R&D activities to be the premium trend of the market.

  • Challenge – High cost of production to hamper market growth.

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Key Bio-Based Platform Chemicals Market Drivers

  • Crude Oil Price Volatility

  • Increase in demand for biofuels

  • Strict environmental regulations and policies

Market trends for high-end bio-based platform chemicals

  • Increase in R&D activities

  • Increase in government investments

  • Growing demand for bio-based succinic acid

Major BiographyPlatform based on chemical market challenges

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Segmentation by Chemical Type (In-Scope/Out-of-Scope)

The growth of bio-based platform chemicals market share by the bio-1 segment 4 diacids will be significant during the forecast period. Growing demand from end users such as the transportation, lubricants, food and beverage, and textile industries to produce intermediates, such as resins, pH control agents, and crosslinking agentsis expected to drive the demand for bio-based platform chemicals over the forecast period.

Geographic segmentation (In-Scope/Out-of-Scope)

42% of market growth will come from APAC during the forecast period. China and India are the key markets for the bio-based platform chemicals market in APAC. The growth of the market in this region will be faster than the growth of the market in the regions. Increase in demand for biofuels will facilitate the growth of the bio-based platform chemicals market in APAC over the forecast period.

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Overview of Suppliers-

  • BASF SE

  • Braskem SA

  • DuPont Tate & Lyle Bio Products Company LLC

  • Evonik Industries AG

  • IP Group Plc

  • Koninklijke DSM AG

  • LyondellBasell Industries NV

  • Merck KGaA

  • Parchem Fine and Specialty Chemicals Inc.

  • PTT Global Chemical Public Co. Ltd.

The bio-based platform chemistry market is fragmented, and sellers deploy organic and inorganic growth strategies to compete in the market.

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Additionally, the report also provides Value chain analysis which helps businesses gain a competitive advantage in the marketplace. The Bio-Based Platform Chemicals Market Value Chain includes the following basic components:

  • Submissions

  • Inbound Logistics

  • Operations

  • External logistics

  • Marketing and Sales

  • Service

  • Support activities

  • Innovation

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Bio-Based Platform Chemicals Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 10.78%

Market Growth 2021-2025

$2.12 billion

Market structure

Fragmented

Annual growth (%)

9.68

Regional analysis

APAC, Europe, North America, MEA and South America

Successful market contribution

APAC at 42%

Main consumer countries

United States, China, Germany, France and India

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

BASF SE, Braskem SA, DuPont Tate & Lyle Bio Products Company LLC, Evonik Industries AG, IP Group Plc, Koninklijke DSM NV, LyondellBasell Industries NV, Merck KGaA, Parchem Fine and Specialty Chemicals Inc. and PTT Global Chemical Public Co. Ltd .

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast growing and slow growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Customization overview

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Chemical Type

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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