Title: Bio-based Platform Chemicals Market
1Bio-based Platform Chemicals MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- The Bio-based Platform Chemicals Market size is
forecast to reach US26.3 billion by 2027 after
growing at a CAGR of 8.9 during the forecast
period 2022-2027. - Bio-based platform chemicals are a group of
chemicals that are manufactured from sugar
through the procedure of biological conversions.
This group of chemicals include molecules that
have a wide range of functional groups, hence,
they can be converted into a range of other
high-value chemicals.
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- Key Takeaways
- Bio-Itaconic Acid in Bio-based Platform Chemicals
Market is expected to see the fastest growth,
owing to the increasing demand of Bio-Itaconic
Acid from the pharmaceuticals industry. - Bio-based Platform Chemicals are generally used
for the production of adhesives, polymers,
superabsorbents, fibers, plastic packaging,
resins, and cleaning agents which makes them
ideal for use in the packaging and personal care
industry.
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By Distribution Channel- Segment Analysis The
Bio-Itaconic Acid segment held the largest share
in the Bio-based Platform Chemicals Market in
2021 and is expected to grow at a CAGR of 8.3
between 2022 and 2027. The reason behind this is
the increasing demand for Bio-Itaconic Acid and
its derivatives for the controlled release of
drugs in the pharmaceutical industry. Likewise,
Bio-Itaconic Acid can easily dissolve in
alcohols, such as ethanol, methanol, and
propanol, hence, they are also used for effective
and controlled release of drugs.
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- Bio-based Platform Chemicals Market Industry
Outlook - BASF SE
- Braskem S/A
- Cargill Incorporated
- DuPont de Nemours Inc.
- Itaconix Corporation
- Koninklijke DSM N.V.
- LyondellBasell Industries N.V.
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Bio-based Platform Chemicals Market -
Forecast(2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Research/B
io-based-Platform-Chemicals-Market-Research-503142
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Contact (1) 970-236-3677
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