Global Bio-Based Chemicals Market (2020 to 2028) - Featuring NatureWorks, Cargill Incorporated & Corbion Among Others

Dublin, Oct. 28, 2020 (GLOBE NEWSWIRE) -- The "Global Bio-Based Chemicals Market 2019-2028" report has been added to ResearchAndMarkets.com's offering.

According to this report, the global market for bio-based chemicals is anticipated to surge at a CAGR of 13.64% during the forecast period of 2019-2028.

The favorable government policies towards bio-based products, growth in the use of eco-friendly products like bioplastics, the high market potential of bio-based chemical products, are key factors driving the global market on a growth path. Additionally, the uncertain prices of crude oil and the focus of the automotive manufacturers to reduce carbon footprints are creating numerous opportunities for the bio-based chemicals market's progress.

However, the high production cost of bio-based chemicals causes cost constraints, further limiting the market's expansion.The global bio-based chemicals market covers the Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.

The Asia-Pacific is anticipated to become the fast-evolving market globally during the years of 2019-2028. The region's market is expected to be primarily driven by the availability of raw materials, industrial production conditions, consumer demand, and policy adoption. Moreover, the growing demand for green products is an essential factor that is augmenting the demand for bio-based chemical products. This further enhances the development of the bio-based chemicals market in the APAC region.

In the region, China is the largest chemical producer, and ranks second largest globally. The country's interest in the biotechnology sector is a major element responsible for industrial development. China has also adopted several actions, setting guidelines to use marginal land and avoiding environmental damage. Numerous countries in the region have also adopted similar policies. Hence, the APAC region is likely to show growth over the projected phase, especially in China, India, and Japan, owing to rapid industrial demand.

The key companies involved in the market include NatureWorks LLC, Cargill Incorporated, Corbion NV, Mitsui & Co Ltd, Braskem SA, Teijin Limited, Mitsubishi Chemical Corporation, Royal DSM NV, Abengoa SA, Methanex Corporation, PTT Global Chemical Public Company Limited, Novozymes, BASF SE, and Danimer Scientific Inc.

Cargill Incorporated is involved in providing food, agricultural, financial, and industrial products and services. It also produces commodities for food feed and fuel handles. Further, the company's bio-industrial products comprise industrial vegetable oils, epoxy additives, industrial hydrocolloids, and others. The company has its operations in North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa regions. It is headquartered in the United States.

Key Topics Covered:

1. Global Bio-Based Chemicals Market - Summary

2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Asia-Pacific is Most Promising Regional Market
2.2.2. Agriculture to Be Fastest-Growing Segment
2.2.3. Biofuels Are Market Leader in Terms of Product Segment
2.3. Impact of Covid-19 on Bio-Based Chemicals Market
2.4. Porter's Five Forces Analysis
2.4.1. Threat of New Entrants
2.4.2. Threat of Substitute
2.4.3. Bargaining Power of Buyers
2.4.4. Bargaining Power of Suppliers
2.4.5. Threat of Competitive Rivalry
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Key Impact Analysis
2.7.1. Cost
2.7.2. Availability
2.7.3. Objectives
2.7.4. Alternatives
2.7.5. Environmental Concern
2.8. Market Drivers
2.8.1. Favorable Government Policies Towards Bio-Based Products
2.8.2. Growing Use of Eco-Friendly Products Like Bioplastics
2.8.3. High Market Potential of Bio-Based Chemical Products
2.9. Market Restraints
2.9.1. Cost Constraint
2.10. Market Opportunities
2.10.1. Volatile/Uncertain Crude Oil Prices
2.10.2. Automotive Manufacturers' Focus on Reducing Carbon Footprint
2.11. Market Challenges
2.11.1. Lack of Supply Chain Model in Raw Materials and Feedstock

3. Global Bio-Based Chemicals Market Outlook - by Type
3.1. Bioplastics
3.1.1. Bio-Degradable
3.1.1.1. Pla
3.1.1.2. Pha
3.1.1.3. Regenerated Cellulose
3.1.1.4. Bio-Degradable Polyester
3.1.1.5. Other Bio-Degradable Plastics
3.1.2. Non-Biodegradable
3.1.2.1. Bio Pet
3.1.2.2. Bio Pe
3.1.2.3. Bio Pa
3.1.2.4. Other Non-Biodegradable Plastics
3.2. Biofuels
3.2.1. Bio-Diesel
3.2.2. Biogas
3.2.3. Solid Biomass

4. Global Bio-Based Chemicals Market Outlook - by End-Users
4.1. Industrial Chemical
4.1.1. Succinic Acid
4.1.2. Alcohol
4.1.3. Bio-Based Dyes
4.1.4. Lactic Acid
4.1.5. Glycerol
4.1.6. Acrylic Acid
4.1.7. Other Industrial Chemicals
4.2. Pharmaceuticals
4.2.1. Enzymes
4.2.2. Amino Acid
4.2.3. Vitamins & Related Compounds
4.2.4. Antibiotics
4.2.5. Other Pharmaceuticals
4.3. Food Products
4.3.1. Alcoholic Beverages
4.3.2. Other Food Products
4.4. Agriculture
4.4.1. Bio-Fertilizers
4.4.2. Biopesticides
4.4.3. Other Agriculture

5. Global Bio-Based Chemicals Market - Regional Outlook
5.1. North America
5.2. Europe
5.3. Asia-Pacific
5.4. Latin America
5.5. Middle East and Africa

6. Competitive Landscape
6.1. Abengoa Sa
6.2. Basf Se
6.3. Braskem Sa
6.4. Cargill Incorporated
6.5. Corbion Nv
6.6. Danimer Scientific Inc
6.7. Methanex Corporation
6.8. Mitsubishi Chemical Corporation
6.9. Mitsui & Co Ltd
6.10. Natureworks LLC
6.11. Novozymes
6.12. PTT Global Chemical Public Company Limited
6.13. Royal Dsm Nv
6.14. Teijin Limited

7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology

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