Bio-based chemicals are the products that are manufactured by applying various techniques such as fermentation. Bio-alcohols are bio-based chemicals that are widely used in the food and beverage industry, especially in bioethanol. It is used as an intoxicating agent in a varying amount in the production of alcoholic beverages. It is also used to extract and concentrate flavors and aromas, which are then used as a flavoring agent in the food & beverage industry. Bio-based chemicals find applications in various industries like pharmaceuticals, food industry, animal feed, and consumer goods manufacturing industries.
MARKET DYNAMICS
The bio-based chemicals market has witnessed a significant growth owing to factors such as growing demand for bio-based lubricants in the automotive and transportation sectors. Moreover, stringent government regulations regarding the use of synthetic chemicals in developed countries provides a huge market opportunity for the key players operating in the bio-based chemicals market. However, volatile raw material prices is projected to hamper the overall growth of the bio-based chemicals market.
MARKET SCOPE
The "Global Bio-Based Chemicals Market Analysis to 2028" 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 chemicals market with detailed market segmentation type, application and geography. The global bio-based 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 chemicals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global bio-based chemicals market is segmented on the basis of type and application. On the basis of type, the global bio-based chemicals market is divided into bioplastics, bio-lubricants, bio-solvents, bio-alcohols, bio-based acids and bio-Surfactants. On the basis of application, the global bio-based chemicals market is divided into food & beverage, pharmaceuticals, agriculture and packaging.
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 chemicals market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bio-based 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 chemicals market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 chemicals market in these regions.
MARKET PLAYERS
The reports cover key developments in the bio-based 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from bio-based chemicals market is anticipated to lucrative growth opportunities in the future with the rising demand for bio-based chemicals in the global market. Below mentioned is the list of few companies engaged in the bio-based chemicals market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the bio-based 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.
- Total Corbion PLA
- Natureworks LLC
- weforyou GmbH
- Zhejiang Hisun Biomaterials Co., Ltd
- Futerro SA
- Synbra Holding BV
- Merck KGaA
- Sasol
- LyondellBasell Industries Holdings BV
- Wilmar Bioethanol
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.