Europe Bio-based Platform Chemicals Market - Segmented by Product Type, and Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Looking to buy the report?

The Europe bio-based platform chemicals market is estimated to register a moderate rate during the forecast period (2018-2023). Germany is estimated to lead the regional market supported by the ongoing surge in demand owing to government’s regulations and increasing customer’s preference of eco-friendly products over traditional harmful products.

C3 Chemicals to Dominate the Market

Platform chemicals are basically composed of 2-6 carbons, which are used as an intermediate in the production of various chemicals. In 2017, C3 chemicals (bio-glycerol and bio-3-hydroxypropionic acid) together accounted for the highest consumption among all the bio-based platform chemicals owing to their unique properties and usage as different alcohols, acids and resins. Bio-based glycerol is increasing replacing synthetic alternatives that are produced from propene, as a drop-in alternative. 3-hydroxypropionic acid (HPA) can be majorly used as a raw material for the production of bio-based acrylic acid. Other potential applications include the production of 1,3-propanediol, acrylamide and acrylonitrile.


Stringent Government Regulation to Drive the Demand

The stricter regulations for the usage of petro-based products owing to their harmful environmental effects, and continuous decreasing fossil fuel reserve has driven the demand for bio-based platform chemicals. Crude glycerol is the major by-product in the manufacturing of bio-diesel. Continuous R&D and technological advancements are providing opportunities for the bio-based platform chemicals.

Germany being the Major Country to Dominate the Market

Europe is the leading consumer of bio-based platform chemicals in 2017 globally. Germany has accounted the highest market share among other European countries in this market, in 2017 and is expected to continue its dominance in the region at a moderately high CAGR during the forecast period. It is followed by Italy, United Kingdom, France, and Spain. Germany had approx. 3017 kilo tons of production of bio-diesel in 2016, while has production capacity of 4005 kilo tons of bio-diesel in 2017, an increase in production of by-product bio-glycerol in last year. Riverdia, a joint venture DSM and Roquette, has operating plant for bio succinic acid in Italy since 2013.

Notable Developments in the Market

  • March 2018: Archer Daniels Midland Co. (ADM) has announced to suspend the production of bio-diesel at its Mainz plant in Germany. It is because of the increasing cheap imports of the renewable fuel into the European Union

Major Players: BASF SE, BioAmber, Cargill, DSM, Novozymes, Myriant Corporation, etc., among others.

Reasons to Purchase this Report

  • To understand the impact of increasing stringent regulations on the market
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market share/ranking, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimation sheet (in Excel)

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

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

               3.4 Technological Snapshot

                              3.4.1 Technology Licensing and Patent Analysis

               3.5 Supply Scenario

                              3.5.1 Capacity and Production Analysis

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 and High Initial Investments

               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 Glutamic Acid

                              5.1.2 Bio Glycerol

                              5.1.3 Bio Itaconic Acid

                              5.1.4 Bio-1,4-Diacids

                              5.1.5 Bio-3-Hydroxypropionic Acid

                              5.1.6 Others

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

               6.1 Germany

               6.2 United Kingdom

               6.3 Italy

               6.4 France

               6.5 Russia

               6.6 Nordic Countries

               6.7 Rest of Europe

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 BASF SE

               9.2 BioAmber Inc

               9.3 Braskem

               9.4 Cargill Incorporated

               9.5 DowDuPont

               9.6 Evonik Industries AG

               9.7 GF Biochemicals

               9.8 INEOS 

               9.9 Itaconix

               9.10 Koninklijke DSM N.V.

               9.11 LyondellBasell Chemicals

               9.12 Mitsui Chemicals, Inc

               9.13 Myriant Corporation.

               9.14 Nippon Shokubai Co., Ltd.

               9.15 Novozymes

               9.16 PTT Global Chemical Public Company

               9.17 Qingdao Kehai Biochemistry Co., Ltd.

                *List not exhaustive

10. Disclaimer

**Subject to availability on public domain

Looking to buy the report?

Need a report that reflects how COVID-19 has impacted this market and its growth?

Looking to customize report?



By submitting, you confirm that you agree to our privacy policy