2021-2030 Analysis and Review Bio Based Chemicals Market

Bio Based Chemicals Market

Bio Based Chemicals Market By Products (Bio-plastics, Bio-Fuel), By Application (Industrial Chemicals, Pharmaceuticals, Food Products, Agriculture) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030

28-03-2022 REP-HC-139309 110 pages Format

Request a sample Ask An Analyst Request Methodology

The global bio based chemicals market is expected to grow at a CAGR of 15.9% during the forecasted period of 2022-2030. Fats & oils, sugars, proteins and lignin are amongst the key components of bio-based materials. Manufacture of industrial chemicals like succinic acid, bio-based dyes, lactic acid, glycerol, acrylic acid and many more are some of the well- known examples of bio based chemicals. Bio-based chemicals are also used in other sectors like pharmaceuticals, food products and agriculture. Some of the major bio based products are bio-plastics which can be bio-degradable or non-biodegradable in nature, and Bio fuels are another bio based products which are finding huge popularity across the globe driven by a large number of factors such as rising fluctuations in the price of crude oil. The bio-based chemicals are addressing our socioeconomically and environmentally unsustainable reliability on petroleum feedstock. Researches are being conducted all around the world to commercially produce bio-fuel for transport industry. The concerns regarding the environment due to dangerous chemicals and depletion of fossil fuels are leading to the rise of the production of the bio-based chemicals.

Industrial Chemical Sector Remains the Largest Application Segment

Bio based chemicals find the largest application in the Industrial chemical sector which is expected to grow with a CAGR of 14.3% during the forecast period of 2021-2029. Global bio based product market is segmented on the basis of products and applications. The product segment is further sub segmented into bioplastics and biofuel. Biofuel dominates the product segment in terms of revenue.Bio plastics expected to be the fastest growing product segment with CAGR 17% for the forecast period 2022-2030. Volatility in crude oil prices and favorable government regulations are the main factors driving bio-based product market for the forecast period. Application segment is further classified into industrial chemical, pharmaceutical, food products, and agriculture. Industrial chemicals dominate the application segment in terms of revenue.

RoW Remains as The Fastest Growing Region

Rest of the world being the fastest growing region is expected to grow with a CAGR of 17.3% and is followed by North America which is expected to grow with a CAGR of 16.8%.Bioplastics accounts to 1%, around 300 million tons of annual production of plastic. However, the increasing demand for varied applications in different sectors, with new emerging and more sophisticated products is driving the growth of the global market with rapid pace. Bio-based non-biodegradable plastics are the key growth drivers such as bio PET, and Bio PE. Around 60% of total bioplastics production capacity across the world is contributed by bio-based durable plastics. Bio-based chemicals are majorly dominated by the bio plastics. Bio PET accounted for 40% of total bioplastics market in 2020, as Bio PET is one of the most durable form of bio plastics. Bio PET is mainly used to manufacture bottles and other such products; and the Bio PET possesses properties similar to PET based on petroleum.

Agriculture Remains as The Fastest Growing Application Segment

Volatility in fossil fuel price, increasing concerns for environment, and expanding end users particularly in areas of industrial chemicals, pharmaceutical industries, agriculture, and food & beverage would supplement growth of bio based chemicals market in the medium term. Agriculture sector is anticipated to see highest growth numbers (CAGR) of 17.6% for the forecast period 2022-2030. Moreover, new innovations manufacturing, processing and research would create significant opportunity for bio based chemicals applications market in the medium term.

Historical &Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues andCAGR were derived from primary andsecondary research. Both quantitative andqualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies andprimary research. The scope of the market is limited to the following segments of product categories andregion.

By Products (2020-2030; US$ Mn)

Bioplastics
- Bio-Degradable Plastics
  - PLA
  - PHA
  - Regenerated Cellulose
  - Bio-Degradable Polyesters
  - Others
  - Non-Biodegradable Bioplastics
  - Bio-PET
  - Bio-PE
  - Bio-PA
  - Others
Bio-Fuel
- Bio-Diesel
  - Ethanol
  - Other Alcohols
  - Bio-Gas
  - Syngas
  - Bioether
  - Solid Biomass

By Application(2020-2030; US$ Mn)

Industrial Chemicals
- Succinic Acid
  - Alcohols
  - Bio-Based Dyes
  - Lactic Acid
  - Glycerol
  - Acrylic Acid
  - Other Chemicals
Pharmaceuticals
- Enzymes
- Amino Acid
- Vitamins and Related Compounds
- Antibiotics
- Others
Food Products
- Alcoholic Beverages
- Others
Agriculture
- Bio-Fertilizers
- Bio-Pesticides
- Others

By Region (2020-2030; US$ Mn)

North America
Europe
Asia Pacific
Latin America
Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

Pre Covid-19 situation
Post Covid-19 situation

Key questions answered in this report

What are the key market segments in current scenario and in the future by product categories?
What are the key market segments in current scenario and in the future by regions?
What is the key impact of Covid-19 over market revenues and market determinants in the global bio-based chemicals market?
What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
How to overcome the current market challenges and leverage the opportunities in each of the market segment?
Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?

Bio Based Chemicals Market - Table of Contents

Chapter 1. Preface

Chapter 2. Market Overview: Bio-Based Chemicals Market
2.1. Introduction
2.2. Market Trends of Bio-Based Chemicals
2.2.1. Bio-Based Chemical Market History and Performance
2.2.2. Recent Developments
2.2.3. Future of Bio Based Chemicals (Predictive Analysis)
2.3. Market Shift from Conventional Chemical to Bio-Based Chemicals
2.4. Key Buying Criteria
2.5. Strategic Recommendations
2.6. Conclusion

Chapter 3. Market Determinants: Bio-Based Chemicals Market
3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Challenges

Chapter 4. Bio-Based Chemicals Market by Products, 2020-2030, ($ Million)
4.1. Market Overview
4.1.1. Bioplastics
4.1.1.1. Bio-Degradable Plastics
4.1.1.2. PLA
4.1.1.3. PHA
4.1.1.4. Regenerated Cellulose
4.1.1.5. Bio-Degradable Polyesters
4.1.1.6. Others
4.1.1.7. Non-Biodegradable Bioplastics
4.1.1.8. Bio-PET
4.1.1.9. Bio-PE
4.1.1.10. Bio-PA
4.1.1.11. Others
4.1.2. Bio-Fuel
4.1.2.1. Bio-Diesel
4.1.2.2. Ethanol
4.1.2.3. Other Alcohols
4.1.2.4. Bio-Gas
4.1.2.5. Syngas
4.1.2.6. Bioether
4.1.2.7. Solid Biomass

Chapter 5. Bio-Based Chemicals Market by Application 2020-2030, ($ Million)
5.1. Market Overview
5.1.1. Industrial Chemicals
5.1.1.1. Succinic Acid
5.1.1.2. Alcohols
5.1.1.3. Bio-Based Dyes
5.1.1.4. Lactic Acid
5.1.1.5. Glycerol
5.1.1.6. Acrylic Acid
5.1.1.7. Other Chemicals
5.1.2. Pharmaceuticals
5.1.2.1. Enzymes
5.1.2.2. Amino Acid
5.1.2.3. Vitamins and Related Compounds
5.1.2.4. Antibiotics
5.1.2.5. Others
5.1.3. Food Products
5.1.3.1. Alcoholic Beverages
5.1.3.2. Others
5.1.4. Agriculture
5.1.4.1. Bio-Fertilizers
5.1.4.2. Bio-Pesticides
5.1.4.3. Others

Chapter 6. Competitive Intelligence: Bio-Based Chemicals Market, 2020-2030
6.1. Key Company Analysis
6.2. Key Strategies

Chapter 7. Market Share Analysis: Bio-Based Chemicals Market

Chapter 8. North America Bio-Based Chemicals Market, 2020-2030, ($ Million)
8.1. Market Overview
8.2 Segmentation Analysis by Region 2020-2030 ($Million)
8.2.1. United States
8.2.2. Canada

Chapter 9. UK & European Bio-Based Chemicals Market, 2020-2030, ($ Million)
9.1. Market Overview
9.2. Segmentation Analysis by Region 2020-2030 ($ Million)
9.2.1. United Kingdom
9.2.2. France
9.2.3. Germany
9.2.4. Russia
9.2.5. Rest of Europe

Chapter 10. Asia-Pacific Bio-Based Chemicals Market, 2020-2030, ($ Million)
10.1. Market Overview
10.2. Segmentation Analysis by Region 2020-2030 ($Million)
10.2.1. China
10.2.2. India
10.2.3. Japan
10.2.4. Australia
10.2.5. Rest of Asia-Pacific

Chapter 11. ROW Bio-Based Chemicals Market, 2020-2030, ($ Million)
11.1. Market Overview
11.2. Segmentation Analysis by Region 2020-2030 ($ Million)
11.2.1. Latin America
11.2.2. Middle East & Africa

Chapter 12. Company Profiles
12.1. Bioamber Inc.
12.2. Mitsui & Co., Ltd.
12.3. Myriant Technologies Llc
12.4. Basf Ag
12.5. Corbion Purac
12.6. Royal Dsm
12.7. Ptt Global
12.8. Natureworks
12.9. Mitsubishi Chemicals
12.10. Zhejiang Hisun Biomaterials Co., Ltd
12.11. Synbra.
12.12. Teijin
12.13. Metabolix Inc.
12.14. Braskem
12.15. Meredian Inc.

Bio Based Chemicals Market - List of Tables

Table 1 Global Bio-Based Chemical Market 2020-2030 ($Million)
Table 2 Some Other Initiatives Which Also Help in Boosting the Global Bio Based Chemical Market
Table 3 Company Wise Market Potential
Table 4 World Bio based Market Penetration 2010-2025
Table 5 Major Targets for Bio Based Industry
Table 6 Market Segmentation by Products 2020-2030 ($ Million)
Table 7 Global Bio Plastics Consumption 2020-2030(Metric Tons)
Table 8 Bio Plastics Market 2020-2030 ($ Million)
Table 9 Bio Plastics Market by Region 2020-2030 ($ Million)
Table 10 Bioplastics Consumption Across Regions 2020-2030(Metric Tons)
Table 11 Bio Degradable Plastics Market 2020-2030 ($ Million)
Table 12 Bio Degradable Plastics Market by Region 2020-2030 ($ Million)
Table 13 Bio Degradable Plastic Consumption 2020-2030(Metric Tons)
Table 14 PLA Market by Region 2020-2030 ($ Million)
Table 15 PLA Consumption Across Region 2020-2030(Metric Tons)
Table 16 PHA Market by Region 2020-2030 ($ Million)
Table 17 PHA Consumption by Region 2020-2030(Metric Tons)
Table 18 Regenerated Cellulose Market by Region 2020-2030($Million)
Table 19 Regenerated Cellulose Consumption by Region 2020-2030(Metric Tons)
Table 20 Bio-Based Polymers With Their Average Biomass Content
Table 21 Bio Degradable Polyesters Consumption 2020-2030(Metric Tons)
Table 22 Others Consumption by Region 2020-2030(Metric Tons)
Table 23 Non-Biodegradable Plastics Market 2020-2030 ($ Million)
Table 24 Non-Biodegradable Plastics Market by Region 2020-2030 ($Million)
Table 25 Global Non-Biodegradable Plastics Consumption by Type 2020-2030(Metric Tons)
Table 26 Bio PET Market by Region 2020-2030 ($ Million)
Table 27 Bio PET Consumption by Region 2020-2030(Metric Tons)
Table 28 Bio PE Consumption by Region 2020-2030(Metric Tons)
Table 29 Bio PA Market by Region 2020-2030 ($ Million)
Table 30 Bio PA Consumption by Region 2020-2030(Metric Tons)
Table 31 Other Non-Biodegradable Bioplastics Consumption by Region 2020-2030(Metric Tons)
Table 32 Bio Fuel Market by Region 2020-2030 ($ Million)
Table 33 Bio Fuel Consumption by Type 2020-2030(Metric Tons)
Table 34 Bio Diesel Market by Region 2020-2030 ($ Million)
Table 35 Bio Diesel Consumption by Region 2020-2030(Metric Tons)
Table 36 Bio-Gas Market by Region 2014-2024 ($ Million)
Table 37 Bio Gas Consumption by Region 2020-2030(Metric Tons)
Table 38 Energy Density of Solid Fuels
Table 39 Solid Biomass Market by Region 2020-2030 ($Million)
Table 40 Solid Biomass Consumption by Region 2020-2030(Metric Tons)
Table 41 Industrial Chemicals Market by Region 2020-2030 ($ Million)
Table 42 Global Bio Based Industrial Chemicals Market by Type2020-2030 ($Million)
Table 43 Potential Applications of Glycerol
Table 44 Pharmaceuticals Market by Region 2020-2030 ($ Million)
Table 45 Pharmaceuticals Market 2020-2030 ($Million)
Table 46 Amino Acids Usage in Pharmaceutical Industry
Table 47 Food Products Market by Region 2020-2030 ($ Million)
Table 48 Food Products Market 2020-2030 ($Million)
Table 49 Types of Alcoholic Beverages
Table 50 Agriculture Market by Region 2020-2030($ Million)
Table 51 Agriculture Market 2020-2030 ($ Million)
Table 52 Groups of Bio-Fertilizers
Table 53 North America Bio-Based Chemicals Market by Region 2020-2030 ($ Million)
Table 54 Incentive Rate Provided by Government of Canada for Bio Fuel Production
Table 55 Europe Bio-Based Chemical Market by Countries 2020-2030 ($ Million)
Table 56 APAC Bio-Based Chemical Market by Countries 2020-2030 ($ Million)
Table 57 Rest of The World Bio-Based Chemical Market by Region 2020-2030 ($ Million)

Bio Based Chemicals Market - List of Figures

Figure 1 Factors Leading to The Shift from Conventional to Bio-Based Chemicals Adoption
Figure 2 Key Buying Criteria for Bio-Based Chemicals 2020 & 2030.
Figure 3 Global Crude Oil Price Trend Estimate and Forecast, 2009 – 2018 ($/Barrel)
Figure 4 Global Production Capacity of Bio Plastics in 2016 by Region (Total-1.7 Million Tons in %)
Figure 5 Global Production Capacity of Bio-Plastics (in 1,00O Tons)
Figure 6 Bio Plastics Market 2020-2030 ($ Million)
Figure 7 Bio Degradable Plastics Market 2020-2030 ($ Million)
Figure 8 PLA Market 2020-2030 ($ Million)
Figure 9 PHA Market 2020-2030 ($ Million)
Figure 10 Regenerated Cellulose Market 2020-2030 ($ Million)
Figure 11 Application of Non-Biodegradable Plastics 2015
Figure 12 Non-Biodegradable Plastics Market 2020-2030 ($ Million)
Figure 13 Bio PET Market 2020-2030 ($ Million)
Figure 14 Bio PE Market 2020-2030 ($ Million)
Figure 15 Bio PE Market by Region 2020-2030 ($ Million)
Figure 16 Bio PA Market 2020-2030 ($ Million)
Figure 17 Others Non-Biodegradable Plastics Market 2020-2030 ($ Million)
Figure 18 Bio Fuel Market 2020-2030 ($ Million)
Figure 19 U.S. Bio Diesel Production and Sales 2016 February (Million Gallons)
Figure 20 Bio Diesel Market 2020-2030 ($ Million)
Figure 21 U.S. Ethanol Consumption and Production 2015 (Billion Gallons)
Figure 22 Bio- Gas Market 2020-2030 ($ Million)
Figure 23 Energy Density of Bio Ether and Diesel (Mj/Kg)
Figure 24 Solid Biomass Market 2014-2024 ($ Million)
Figure 25 Global Industrial Chemicals Market 2020-2030($ Million)
Figure 26 Succinic Acid Market 2020-2030 ($Million)
Figure 27 Industrial Alcohol Market 2020-2030 ($Million)
Figure 28 Bio-Based Dyes Market 2020-2030 ($ Million)
Figure 29 Lactic Acid Applications
Figure 30 Lactic Acid Market 2020-2030 ($Million)
Figure 31 Glycerol Market 2020-2030 ($Million)
Figure 32 U.S. End-Users for Acrylate Esters
Figure 33 Acrylic Acid Market 2020-2030 ($ Million)
Figure 34 Applications of Citric Acid
Figure 35 Other Industrial Chemicals Market 2020-2030 ($ Million)
Figure 36 Pharmaceuticals Market 2020-2030($ Million)
Figure 37 Application Areas of Enzymes
Figure 38 Enzymes Market 2020-2030 ($ Million)
Figure 39 Amino Acids Market 2020-2030 ($ Million)
Figure 40 Vitamins Market 2020-2030 ($Million)
Figure 41 Antibiotics Market 2020-2030 ($Million)
Figure 42 Other Chemicals Market 2020-2030 ($Million)
Figure 43 Food Products Market 2020-2030 ($ Million)
Figure 44 Alcoholic Beverages Market 2020-2030 ($ Million)
Figure 45 Other Chemicals Market 2020-2030 ($Million)
Figure 46 Agriculture Market 2020-2030 ($ Million)
Figure 47 Bio Fertilizers Market 2020-2030 ($ Million)
Figure 48 Bio Pesticides Market 2020-2030 ($Million)
Figure 49 Benefits of Bio-Pesticides
Figure 50 Other Chemicals Market 2020-2030($ Million)
Figure 51 Global Bio Based Chemical Market Share Analysis
Figure 52 The U.S. Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 53 Corn, Sugarcane, Sugar Beet Production in U.S. (Million Tons)
Figure 54 U.S. Annual Production of Ethanol and Biodiesel
Figure 55 Canada Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 56 Rest of North America Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 57 U.K. Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 58 France Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 59 Germany Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 60 Energy Supply from Renewable Sources in Germany in 2014
Figure 61 Italy Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 62 Spain Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 63 Netherland Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 64 Rest of Europe Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 65 China Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 66 Increasing Performance of China Pharmaceutical Industry During the Past Years
Figure 67 Japan Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 68 Key Suppliers of Bio Diesel to Japan
Figure 69 Thailand Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 70 Korea Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 71 India Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 72 Rest of APAC Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 73 Latin America Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 74 Africa Bio-Based Chemical Market 2020-2030 ($ Million)
Figure 75 Middle East Bio-Based Chemical Market 2020-2030 ($ Million)