Bio Based Chemicals Market Size, Share, Opportunities, And Trends By Type (Bioplastics, Polylactic Acid, Plant Oils, Biosolvents, Others), By End-User (Energy And Power, Chemicals, Packaging, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Mar 2023
  • Report Code : KSI061611561
  • Pages : 114
The bio-based chemicals market is projected to expand at a CAGR of 14.55% over the forecast period. Bio-based chemicals are defined as those classes of chemicals that are produced by using natural feedstock and have minimal impact on the environment. In the past, bio-based chemical products were rarely able to compete with traditional petrochemical products. But with the advancement in methods and technologies, the bio-based chemical industry has become increasingly profitable and is now poised to take over a large share of the market. The major advantage of using bio-based chemicals is that the feedstock used is available in abundance in nature and is recyclable. Climate change and the depletion of fossil feedstocks are the key driving factors that are boosting the demand for bio-based chemicals. Growing global environmental awareness and a sharp rise in oil prices are compelling manufacturers in this market to look for alternative sources to replace traditional petroleum in developing various products. Government initiatives to encourage sustainable products and processes across various industries to reduce carbon dioxide emissions are playing an integral role in the bio-based chemicals market growth. The market is expected to grow at a steady pace over the forecast period owing to the increased R&D activities in this field by various companies and governments to encourage the use of sustainable products and to promote green chemicals. However, the high production cost of these chemicals can restrain the growth of the market.
 
By Type of Product
 
By type of product, the bio-based chemicals market is segmented as bioplastics, polylactic acid (PLA), plant oils, biosolvents, and others. Others include bio-lubricants, biosurfactants, polyhydroxyalkanoates and etc. Bioplastics holds a significant share of the market owing to its increased usage in a variety of products including packaging, consumer electronics, coating, and construction and biomedical materials.  
 
By End-User
 
By end-user, the bio-based chemicals market is segmented as energy and power, chemical, packaging, and others. Others include automobiles, aviation, and healthcare. Packaging holds a significant share of the market owing to the majority of bio-based products being utilized in this industry.
 
By Geography
 
Geographically, the bio-based chemicals market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. Asia Pacific holds a significant share of the market owing to measures taken by the countries such as Japan, and China to encourage the production of bio-based chemicals in their respective countries. For an instance, Biomass Nippon Strategy is adopted by Japan to utilize biomass as a valuable resource.
 
Competitive Intelligence
 
The bio-based chemical market is at the nascent stage and market competition is moderate. The key players are adopting strategies such as product launches, collaborations, and huge investments in R&D to produce bio-based chemicals for a number of industries. For an instance, BASF SE in April 2017, launched the new Ultramid Flex F, which is suitable for soft packaging.  The key players are BASF SE, Eastman Chemical Company, Corbion, BioAmber Inc., Mitsubishi Chemical Corporation, Mitsui & Co., Inc., DSM, and POET, LLC among others. 
 
Segmentation
 
The bio-based chemicals market has been analyzed through the following segments:
 
  • By Type
  • Bioplastics
  • Polylactic Acid (PLA)
  • Plant Oils
  • Biosolvents
  • Others
 
  • By End-User
  • Energy and Power
  • Chemicals
  • Packaging
  • Others
 
  • By Geography
  • North America
  • United States
  • Canada
  • Mexico
  • Others
  • South America
  • Brazil
  • Others
 
  • Europe
  • United Kingdom
  • Germany
  • France
  • Others
 
  • Middle East and Africa
  • Israel
  • Saudi Arabia
  • Others
 
  • Asia Pacific
  • Japan
  • China
  • India
  • Others

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY  
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. BIO-BASED CHEMICALS MARKET BY TYPE OF PRODUCT
5.1. Bioplastics
5.2. Polylactic Acid (PLA)
5.3. Plant Oils
5.4. Biosolvents
5.5. Others
6. BIO-BASED CHEMICALS MARKET BY END-USER
6.1. Energy and Power
6.2. Chemicals
6.3. Packaging
6.4. Others
7. BIO-BASED CHEMICALS MARKET BY GEOGRAPHY 
7.1. North America
7.1.1. United States
7.1.2. Canada
7.1.3. Mexico
7.1.4. Others
7.2. South America
7.2.1. Brazil
7.2.2. Others
7.3. Europe
7.3.1. United Kingdom
7.3.2. Germany
7.3.3. France
7.3.4. Others
7.4. Middle East and Africa
7.4.1. Israel
7.4.2. Saudi Arabia
7.4.3. Others
7.5. Asia Pacific
7.5.1. Japan
7.5.2. China
7.5.3. India
7.5.4. Others
8. COMPETITIVE INTELLIGENCE
8.1. Recent Deals and Investment
8.2. Strategies of Key Players
8.3. Investment Analysis
9. COMPANY PROFILES
9.1. BASF SE
9.1.1. Company Overview
9.1.2. Financials
9.1.3. Products and Services
9.1.4. Recent Developments
9.2.  Eastman Chemical Company
9.2.1. Company Overview
9.2.2. Financials
9.2.3. Products and Services
9.2.4. Recent Developments
9.3.  Corbion
9.3.1. Company Overview
9.3.2. Financials
9.3.3. Products and Services
9.3.4. Recent Developments
9.4.  BioAmber Inc. 
9.4.1. Company Overview
9.4.2. Financials
9.4.3. Products and Services
9.4.4. Recent Developments
9.5.  Mitsubishi Chemical Corporation
9.5.1. Company Overview
9.5.2. Financials
9.5.3. Products and Services
9.5.4. Recent Developments
9.6. Mitsui & Co., Inc. 
9.6.1. Company Overview
9.6.2. Financials
9.6.3. Products and Services
9.6.4. Recent Developments
9.7. Gevo
9.7.1. Company Overview
9.7.2. Financials
9.7.3. Products and Services
9.7.4. Recent Developments
9.8. POET, LLC
9.8.1. Company Overview
9.8.2. Financials
9.8.3. Products and Services
9.8.4. Recent Developments
9.9. DSM
9.9.1. Company Overview
9.9.2. Financials
9.9.3. Products and Services
9.9.4. Recent Developments
LIST OF FIGURES 
LIST OF TABLES
DISCLAIMER 

BASF SE

Eastmen Chemical Company

Corbion

BioAmber Inc.

Mitsibushi Chemical Corporation

Mitsui & Co., Inc.

Gevo

POET, LLC

DSM