DUBLIN--(BUSINESS WIRE)--The "Global Bio-based Platform Chemicals Market - Segmented by Product, Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The market for bio-based platform chemicals is expected to register a significant growth during the forecast period, 2018 to 2023.
The evolution of bio-refineries has driven the development of bio-based platform chemicals as an alternative to petrochemicals. Due to increasing government concerns regarding health, the environment and limited fossil resources, there is a growing interest in using sustainable technologies to produce chemicals, plastics, and other products from renewable resources. The bio-based platform chemicals offer great potential for decarbonizing everyday products, allowing everything from running shoe soles to plastics and car parts, to become bio-based.
Bio-glycerol is a major by-product in the bio-diesel manufacturing process. Bio-based glycerol is comparatively economical and is used as a feedstock in various products, like butanol, 1,3-propanediol, 2,3-butanediol, citric acid, and poly(hydroxyalkanoates) to be used in various end-user industries, such as cosmetics, pharmaceuticals, and food & beverages. Among the product types, bio-glycerol holds the largest market share of the global bio-based platform chemicals market. The demand for this segment is mainly driven due to the growing demand in developing countries.
Though North America is the largest regional market for global bio-based platform chemicals market, Asia-Pacific is also an equally important market as it represents the second largest and regional market with highest growth rate during the forecast period. The increasing demand from pharmaceutical, automotive, and personal care industries of the countries, like China, India, Thailand, and Korea are providing great opportunity for the bio-based platform chemicals market to continue the fastest pace of growth.
- Aktin Chemicals Inc.
- BASF SE
- BioAmber Inc
- Cargill Incorporated
- Evonik Industries AG
- GF Biochemicals
- Kawasaki Kasei Chemicals
- Koninklijke DSM N.V.
- LyondellBasell Chemicals
- Mitsui Chemicals
- Myriant Corporation.
- Nippon Shokubai Co. Ltd.
- PTT Global Chemical Public Company
- Qingdao Kehai Biochemistry Co. Ltd.
- Tokyo Chemical Industry Co. Ltd
- Yantai shanshui chemical technology Co. Ltd.
- Yield10Bioscience Inc.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
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