LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global bio-based platform chemicals market and it is poised to grow by $ 2.11 bn during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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., and PTT Global Chemical Public Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Volatility of crude oil prices has been instrumental in driving the growth of the bio-based platform chemicals market size. However, high production cost might hamper market growth.
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Bio-based Platform Chemicals Market 2020-2024: Segmentation
Bio-based Platform Chemicals Market is segmented as below:
-
Type
- Bio-1 4 Diacids
- Bio-glycerol
- Bio-glutamic Acid
- Bio-3-HPA
- Bio-itaconic Acid
-
Geography
- APAC
- Europe
- North America
- MEA
- South America
Bio-based Platform Chemicals Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The bio-based platform chemicals market report covers the following areas:
- Bio-based Platform Chemicals Market Size
- Bio-based Platform Chemicals Market Trends
- Bio-based Platform Chemicals Market Industry Analysis
This study identifies strict environmental regulations and policies as one of the prime reasons driving the growth of bio-based platform chemicals market size during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Bio-based Platform Chemicals Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist bio-based platform chemicals market growth during the next five years
- Estimation of the bio-based platform chemicals market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the bio-based platform chemicals market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of global bio-based platform chemicals market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five force summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Chemical Type
- Market segments
- Comparison by Chemical Type
- Bio-1 4 diacids - Market size and forecast 2019-2024
- Bio-glycerol - Market size and forecast 2019-2024
- Bio-glutamic acid - Market size and forecast 2019-2024
- Bio-3-HPA - Market size and forecast 2019-2024
- Bio-itaconic acid - Market size and forecast 2019-2024
- Market opportunity by Chemical Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
