Bio-based Platform Chemicals Market Growth Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Bio-based chemicals are group of chemicals that are manufactured from sugar through the process of biological conversions. They contain molecules with a variety of functional groups that have the potential of getting transformed into a number of other high-value chemicals. Common examples of chemicals manufactured through bioprocessing or with the application of biomass are amino acids, isoprene, propane, short chain olefins and others.

MARKET DYNAMICS

A rise in the regulatory concerns regarding environmental pollution caused by hazardous chemicals drives the market for bio-based platform chemicals market. Besides this, depletion of fossil fuels also drives the market growth. However, the high popularity and well-rooted applications of bio-based platform chemicals restricts the fruitful growth of the market. Expanding green chemistry and the eco-friendliness of bio-based platform chemicals market is expected to boost the demand for bio-based platform chemicals market in the near future.

MARKET SCOPE

The "Global Bio-based Platform Chemicals Market Analysis to 2031" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bio-based platform chemicals market with detailed market segmentation by type and geography. The global bio-based platform chemicals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bio-based platform chemicals market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global bio-based platform chemicals market is segmented on the basis of type. On the basis of type, the bio-based platform chemicals market is segmented into C-3, C-4, C-5 and C-6.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bio-based platform chemicals market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bio-based platform chemicals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the bio-based platform chemicals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bio-based platform chemicals market in these regions.

MARKET PLAYERS

The reports cover key developments in the bio-based platform chemicals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from bio-based platform chemicals market are anticipated to lucrative growth opportunities in the future with the rising demand for bio-based platform chemicals market in the global market. Below mentioned is the list of few companies engaged in the bio-based platform chemicals market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bio-based platform chemicals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  BASF SE
  
•  BioAmber Inc
  
•  Cargill Incorporated
  
•  Clariant AG
  
•  DSM Corporation
  
•  LyondellBasell industries N.V.
  
•  PTT Global Chemical Public Company Ltd.
  
•  Stora Enso
  
•  Transfurans Chemicals (TFC)
  
•  VTT
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Bio-based Platform Chemicals Report Scope