Global Bio-Based Chemicals Market | Inkwood Research

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GLOBAL BIO-BASED CHEMICALS MARKET
FORECAST 2019-2027
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• The market for the bio-based chemical is
  anticipated to grow at a CAGR of 16.67 over the
  forecast period of 2019-2027.
• The numerous government policies towards business
  sustainability programs, preference for the usage
  of the eco-friendly product among the end users,
  intensive fluctuations in the crude oil prices,
  and the high market probable of bio-based
  chemical products are some of the major drivers
  responsible for the boom in the bio-based
  chemical market.

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• The bio-based markets can be segmented on the
  basis of the type of products and the basis of
  applications.
• The biofuels market, which comprises of
  biodiesel, biogas and solid biomass, generated
  the highest revenue in 2018, it is the
  bioplastics market which is anticipated to grow
  at a faster CAGR during the forecast period.
• The industrial chemicals that include succinic
  acid, industrial alcohol, bio-based dyes, lactic
  acid, glycerol, acrylic acid and others, is the
  application which is currently dominating the
  global bio-based chemical market.
• The governments of different countries are taking
  necessary steps which are acting as a key driver
  for this market to progress.

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Global bio-based chemicals market is expected to
grow with a 16.67 CAGR over the forecast period
of 2019-2027.
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The bio-based chemical market in North America is
one of the prominent markets globally and is
expected to grow with a CAGR of 17.55 over the
forecast period of 2019-2027.
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The Europe concrete admixtures construction
chemical market is expected to grow at a CAGR of
3.79 from 2019 to 2027.
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The Asia-Pacific bio-based chemicals market
contributed the highest market share in the
global bio-based chemicals market in 2018.
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The major players in the global bio-based
chemicals market are Bioamber Inc., Royal DSM NV,
Yield10 Bioscience, Mitsui Co., Ltd., BASF SE,
PTT Global, GC Innovation America, Teijin
Limited, Corbion NV, Natureworks LLC, Novozymes
A.S., Methanex Corporation, Mitsubishi Chemical
Holdings Corporation, Synbra, Danimer
Scientifican Inc., Abengoa, S.A., Zhejiang Hisun
Biomaterials Co., Ltd., Braskem and Cargill
Incorporated.
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