Bio-based Platform Chemicals Market by Chemical Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44435
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The bio-based platform chemicals market has the potential to grow by USD 2.13 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.78%.

This bio-based platform chemicals market analysis report entails exhaustive statistical qualitative and quantitative data on chemical type (bio-1 4 diacids, bio-glycerol, bio-glutamic acid, bio-3-HPA, and bio-itaconic acid) and geography (APAC, Europe, North America, MEA, and South America) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Bio-based Platform Chemicals Market Size be in 2021?

Bio-based-Platform-Chemicals-Market-Market-Size-2020-2025

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Bio-based Platform Chemicals Market: Key Drivers and Trends

According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the volatility in crude oil prices are notably supporting the bio-based platform chemicals market growth. However, one of the foremost factors impeding market growth is high production costs. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic bio-based platform chemicals market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the bio-based platform chemicals market trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major Bio-based Platform Chemicals Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BASF SE
  • Braskem SA
  • DuPont Tate & Lyle Bio Products Company LLC
  • Evonik Industries AG
  • IP Group Plc
  • Koninklijke DSM NV
  • LyondellBasell Industries NV
  • Merck KGaA
  • Parchem fine & specialty chemicals Inc.
  • PTT Global Chemical Public Co. Ltd.

 

From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The bio-based platform chemicals market analysis report also contains exhaustive observations on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, to make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy the full bio-based platform chemicals market statistics report to understand the magnitude of the economic impact on each segment and recovery expectations.

For insights on complete key vendor profiles, download a free sample of the bio-based platform chemicals market forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

Which are the Key Regions for Bio-based Platform Chemicals Market?

Bio-based-Platform-Chemicals-Market-Market-Share-by-Region-2020-2025

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China and India are the key markets for bio-based platform chemicals in APAC. Learn about the key, emerging, and untapped markets from our bio-based platform chemicals market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 42% of the market’s growth will originate from APAC during the forecast period.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increase in demand for biofuels will facilitate the bio-based platform chemicals market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Chemical Type Segments in the Bio-based Platform Chemicals Market?

Bio-based-Platform-Chemicals-Market-Market-Share-by-Chemical Type-2020-2025

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The bio-based platform chemicals market report provides a comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The bio-based platform chemicals market share growth by the bio-1 4 diacids segment has been significant and is expected to provide significant growth opportunities to market vendors.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bio-based platform chemicals market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Bio-based Platform Chemicals Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bio-based platform chemicals market growth during the next five years
  • Precise estimation of the bio-based platform chemicals market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bio-based platform chemicals market across APAC, Europe, North America, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bio-based platform chemicals market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The bio-based platform chemicals market growth will increase by $2114.70 million during 2019-2024.
The bio-based platform chemicals market is expected to grow at a CAGR of 11.07% during 2019-2024.
Technavio has segmented the bio-based platform chemicals market by other1 (Bio-1 4 diacids, Bio-glycerol, Bio-glutamic acid, Bio-3-HPA, and Bio-itaconic acid) and geographic (APAC, Europe, North America, MEA, and South America).
BASF SE, Braskem SA, DuPont Tate & Lyle Bio Products Company LLC, Evonik Industries AG, IP Group Plc, Koninklijke DSM NV, LyondellBasell Industries NV, Merck KGaA, Parchem fine & specialty chemicals Inc., PTT Global Chemical Public Co. Ltd. are a few of the key vendors in the bio-based platform chemicals market.
APAC will register the highest growth rate of 40.43% among the other regions. Therefore, the bio-based platform chemicals market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the bio-based platform chemicals market growth are:
  • Volatility in crude oil prices
The bio-based platform chemicals market vendors should focus on grabbing business opportunities from the bio-1 4 diacids segment as it accounted for the largest market share in the base year.
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