Bio-based Platform Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Bio-based Platform Chemicals Market is Segmented by Product Type (Bio Glycerol, Bio Glutamic Acid, Bio Itaconic Acid, Bio-3-Hydroxypropionic Acid, Bio Succinic Acid, and Other Product Types) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers the market sizes and forecasts for the bio-based platform chemicals market based on value (USD) for all the above segments.

Bio-based Platform Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Bio-based Platform Chemicals Market Size

Bio-based Platform Chemicals Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 16.43 Billion
Market Size (2030) USD 22.63 Billion
CAGR (2025 - 2030) 6.61 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Bio-based Platform Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Bio-based Platform Chemicals Market with other markets in Chemicals & Materials Industry

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Bio-based Platform Chemicals Market Analysis

The Bio-based Platform Chemicals Market size is estimated at USD 16.43 billion in 2025, and is expected to reach USD 22.63 billion by 2030, at a CAGR of 6.61% during the forecast period (2025-2030).

  • The COVID-19 pandemic had a negative impact on the bio-based platform chemicals sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business has been recovering since 2021 and is expected to rise significantly in the coming years.
  • The major factors driving the growth of the market studied are favorable government regulations and consumer inclination towards the use of environmentally friendly and sustainable products.
  • On the flip side, the high product cost associated with bio-based platform chemicals is likely to hinder the growth of the studied market.
  • The emergence of novel bio-based platform chemicals and the surge in demand from a wide range of industrial applications are likely to provide opportunities for the studied market during the forecast period.
  • North America dominated the global market, which is fueled by huge investments in its pharmaceutical industry and stringent regulations promoting the use of environmentally friendly products.

Bio-based Platform Chemicals Industry Overview

The bio-based platform chemicals market is a consolidated market, where few players account for a significant portion of the market demand. Some of the major players in the market include BASF SE, Cargill, Incorporated, DSM, PTT Global Chemical Public Company Limited, and Champlor (Valtris Specialty Chemicals), amongst others.

Bio-based Platform Chemicals Market Leaders

  1. BASF SE

  2. Cargill, Incorporated

  3. DSM

  4. PTT Global Chemical Public Company Limited

  5. Champlor (Valtris Specialty Chemicals)

  6. *Disclaimer: Major Players sorted in no particular order
Bio-based Platform Chemicals Market Concentration
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Bio-based Platform Chemicals Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Favorable Government Regulations for Bio-Based Platform Chemicals
    • 4.1.2 Consumer Inclination Towards the Use of Environmental Friendly and Sustainable Products
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 High Cost of Production
    • 4.2.2 Other Restraints
  • 4.3 Industry Value-Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Product Type
    • 5.1.1 Bio Glycerol
    • 5.1.2 Bio Glutamic Acid
    • 5.1.3 Bio Itaconic Acid
    • 5.1.4 Bio-3-Hydroxypropionic Acid
    • 5.1.5 Bio Succinic Acid
    • 5.1.6 Other Product Types
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 Rest of Asia-Pacific
    • 5.2.2 North America
    • 5.2.2.1 United States
    • 5.2.2.2 Canada
    • 5.2.2.3 Mexico
    • 5.2.3 Europe
    • 5.2.3.1 Germany
    • 5.2.3.2 United Kingdom
    • 5.2.3.3 Italy
    • 5.2.3.4 France
    • 5.2.3.5 Rest of Europe
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 South Africa
    • 5.2.5.2 Saudi Arabia
    • 5.2.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Aktin Chemicals, Inc.
    • 6.4.2 BASF SE
    • 6.4.3 Braskem
    • 6.4.4 Cargill, Incorporated
    • 6.4.5 Champlor (Valtris Specialty Chemicals)
    • 6.4.6 DSM
    • 6.4.7 DuPont
    • 6.4.8 Evonik Industries AG
    • 6.4.9 GFBiochemicals Ltd.
    • 6.4.10 LyondellBasell Industries Holdings B.V.
    • 6.4.11 NIPPON SHOKUBAI CO., LTD.
    • 6.4.12 Novozymes
    • 6.4.13 PTT Global Chemical Public Company Limited
    • 6.4.14 Tokyo Chemical Industry Co., Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Emergence of Novel Bio-Based Platform Chemicals
  • 7.2 Surge in Demand from Wide Range of Industrial Applications
**Subject to Availability
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Bio-based Platform Chemicals Industry Segmentation

Platform chemicals are a diverse group of chemicals that can be used as starting materials in broad range of fine and specialty chemicals. Platform chemicals that are manufactured using renewable resources are known as bio-based platform chemicals. 

The bio-based platform chemicals market is segmented by product type and geography. By product type, the market is segmented into bio glycerol, bio glutamic acid, bio itaconic acid, bio-3-hydroxy propionic acid, bio-succinic acid, and other product types. The report also covers the market size and forecasts for the bio-based platform chemicals market in 15 countries across major regions. 

For each segment, the market sizing and forecasts have been done on the basis of revenue (USD).

Product Type Bio Glycerol
Bio Glutamic Acid
Bio Itaconic Acid
Bio-3-Hydroxypropionic Acid
Bio Succinic Acid
Other Product Types
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa South Africa
Saudi Arabia
Rest of Middle-East and Africa
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Bio-based Platform Chemicals Market Research FAQs

How big is the Bio-based Platform Chemicals Market?

The Bio-based Platform Chemicals Market size is expected to reach USD 16.43 billion in 2025 and grow at a CAGR of 6.61% to reach USD 22.63 billion by 2030.

What is the current Bio-based Platform Chemicals Market size?

In 2025, the Bio-based Platform Chemicals Market size is expected to reach USD 16.43 billion.

Who are the key players in Bio-based Platform Chemicals Market?

BASF SE, Cargill, Incorporated, DSM, PTT Global Chemical Public Company Limited and Champlor (Valtris Specialty Chemicals) are the major companies operating in the Bio-based Platform Chemicals Market.

Which is the fastest growing region in Bio-based Platform Chemicals Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Bio-based Platform Chemicals Market?

In 2025, the North America accounts for the largest market share in Bio-based Platform Chemicals Market.

What years does this Bio-based Platform Chemicals Market cover, and what was the market size in 2024?

In 2024, the Bio-based Platform Chemicals Market size was estimated at USD 15.34 billion. The report covers the Bio-based Platform Chemicals Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Bio-based Platform Chemicals Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Bio-based Platform Chemicals Industry Report

Statistics for the 2025 Bio-based Platform Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bio-based Platform Chemicals analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.