Bio-based Platform Chemicals Market - Segmented by Product Type, and Geography - Growth, Trends, and Forecast (2019 - 2024)


MAR 2018

Bio-based Platform Chemicals Market - Segmented by Product Type, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The market for bio-based platform chemicals is expected to register a significant growth during the forecast period, 2018 to 2023. This tremendous growth is significantly driven by the growing stringent regulations on conventional petro-based platform chemicals.

Stringent Government Regulations on Conventional Petro-based Products

The evolution of bio-refineries has driven the development of bio-based platform chemicals as an alternative to petrochemicals. Due to increasing government concerns regarding health, the environment and limited fossil resources, there is a growing interest in using sustainable technologies to produce chemicals, plastics, and other products from renewable resources. The bio-based platform chemicals offer great potential for decarbonizing everyday products, allowing everything from running shoe soles to plastics and car parts, to become bio-based. These trends are successful in creating a huge demand for bio-based platform chemicals market.

Bio-Glycerol Segment to Dominate the Market

Bio-glycerol is s major by-product in the bio-diesel manufacturing process. Bio-based glycerol is comparatively economical and is used as a feedstock in various products, like butanol, 1,3-propanediol, 2,3-butanediol, citric acid, and poly(hydroxyalkanoates) to be used in various end-user industries, such as cosmetics, pharmaceuticals, and food & beverages. Among the product types, bio-glycerol holds the largest market share of the global bio-based platform chemicals market. The demand for this segment is mainly driven due to the growing demand in developing countries, as China, India, Russia, and Latin American countries. In addition to the largest market share, it is also the fastest growing product segment during the forecast period.


Asia-Pacific to Ignite the Market Growth

Though North America is the largest regional market for global bio-based platform chemicals market, Asia-Pacific is also an equally important market as it represents the second largest and regional market with highest growth rate during the forecast period. The increasing demand from pharmaceutical, automotive, and personal care industries of the countries, like China, India, Thailand, and Korea are providing great opportunity for the bio-based platform chemicals market to continue the fastest pace of growth. The large market size with this huge growth of Asia-Pacific is instrumental in expansion of the global bio-based platform chemicals market.

Key Developments in the Market

  • August 2017: BioAmber bought the bio-based succinic acid plant, which is located in Sarnia in Canada, as part of a joint venture with Mitsui

Major Players: Koninklijke DSM N.V., BioAmber Inc, Braskem, DowDuPont, Myriant Corporation and Dairen Chemicals, among others.

Reasons to Purchase this Report

  • Identify the Current and future prospects of global bio-based platform chemicals market in the developed and emerging markets
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Identify the region that is expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

              1.1 Research Phases

              1.2 Study Deliverables

              1.3 Scope of the Report

2. Executive Summary

3. Market Insights

              3.1 Industry Value-chain Analysis

              3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                             3.2.1 Bargaining Power of Suppliers

                             3.2.2 Bargaining Power of Consumers

                             3.2.3 Threat of New Entrants

                             3.2.4 Threat of Substitute Products and Services

                             3.2.5 Degree of Competition

              3.3 Feedstock Analysis

                             3.3.1 Global Capacity by Key Feedstock

                             3.3.2 Trends

              3.4 Technological Snapshot

                             3.4.1 Production Process

                             3.4.2 Technology Licensing and Patent Analysis

              3.5 Supply Scenario

                             3.5.1 Capacity and Production Analysis

                                  Major Plants and Locations (Installed Capacities)

              3.6 Upcoming Projects

4. Market Dynamics

              4.1 Drivers

                             4.1.1 Growing Demand from the Pharmaceutical Industry

                             4.1.2 Rising Demand from Automotive Sector

                             4.1.3 Stringent Government Regulations on Conventional Petro Based Products

              4.2 Restraints

                             4.2.1 Raw Material Shortage

                             4.2.2 High Manufacturing Costs

              4.3 Opportunities

                             4.3.1 Shifting Focus towards Eco-Friendly Products

                             4.3.2 Growing Demand from Emerging Economies

                             4.3.3 Technological Advancements

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

              5.1 By Product Type

                             5.1.1 Bio Glycerol

                             5.1.2 Bio Glutamic Acid

                             5.1.3 Bio Itaconic Acid

                             5.1.4 Bio-1,4-Diacids

                             5.1.5 Bio-3-Hydroxypropionic Acid

                             5.1.6 Bio Succinic Acid

                             5.1.7 Others

6. Regional Analysis (Market Size, Growth, and Forecast)

              6.1 North America

                             6.1.1 United States

                             6.1.2 Canada

                             6.1.3 Mexico

                             6.1.4 Rest of North America

              6.2 Europe

                             6.2.1 Germany

                             6.2.2 United Kingdom

                             6.2.3 Italy

                             6.2.4 France

                             6.2.5 Russia

                             6.2.6 Nordic Countries

                             6.2.7 Rest of Europe

              6.3 Asia-Pacific

                             6.3.1 China

                             6.3.2 India

                             6.3.3 Japan

                             6.3.4 South Korea

                             6.3.5 ASEAN Countries

                             6.3.6 Rest of Asia-Pacific

              6.4 South America

                             6.4.1 Brazil

                             6.4.2 Argentina

                             6.4.3 Rest of South America

              6.5 Middle East & Africa

                             6.5.1 Saudi Arabia

                             6.5.2 South Africa

                             6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape

              8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

              8.2 Market Share Analysis**

              8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

              9.1 Aktin Chemicals, Inc.

              9.2 BASF SE

              9.3 BioAmber Inc

              9.4 Braskem

              9.5 Cargill Incorporated

              9.6 DowDuPont

              9.7 Evonik Industries AG

              9.8 GF Biochemicals

              9.9 INEOS 

              9.10 Kawasaki Kasei Chemicals

              9.11 Koninklijke DSM N.V.

              9.12 LyondellBasell Chemicals

              9.13 Mitsui Chemicals, Inc

              9.14 Myriant Corporation.

              9.15 Nippon Shokubai Co., Ltd.

              9.16 Novozymes

              9.17 PTT Global Chemical Public Company

              9.18 Qingdao Kehai Biochemistry Co., LTD.

              9.19 Tokyo Chemical Industry Co., Ltd

              9.20 Yantai shanshui chemical technology Co. Ltd.

              9.21 Yield10Bioscience, Inc.

              *List not exhaustive

10.  Disclaimer

** Subject to availability on public domain

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