North America Bio-Based Chemicals Market 2019-2020 & 2028 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "North America Bio-Based Chemicals Market 2019-2028" report has been added to ResearchAndMarkets.com's offering.

North America bio-based chemicals market is expected to showcase a CAGR of 13.72% in the considered years 2019-2028. The United States and Canada outline the market in this region.

In the United States, the government's plastic ban, coupled with the rising manufacturing and development process of bioplastics by enterprises, is motivating the bio-based chemicals market at a rapid pace.

For instance, San Francisco has passed a policy to impose the ban on traditional plastic bags used by large retailers for packaging purposes, as per the constitutional rights foundation. Also, the policy states that the stores can utilize bags composed of recyclable paper or biodegradable plastics. This directly impacts the growth and adoption of bio-based chemicals products, further enhancing the studied market in the United States.

On the other hand, the research and development activities undertaken by government and research institutes are encouraging the growth of the bio-based chemicals market. The initiatives taken by private enterprises are also contributing to the market's development. According to the International Atomic Energy Agency (IAEA), scientists operating in government research departments are working with IAEA to research and develop bioplastic packaging materials such as biodegradable plastics bags.

Based on natural polymers, these packaging materials benefit in facing the challenges of non-biodegradable food wraps, further diminishing the environmental pollution. Such research and development activities by the government help increase the production of bioplastics, advancing the demand for bio-based chemicals.

Some of the major players in the bio-based chemicals market consists of Corbion NV, Royal DSM NV, Methanex Corporation, Mitsubishi Chemical Corporation, NatureWorks LLC, Cargill Incorporated, and Mitsui & Co Ltd.

 

Key Topics Covered:

 

1. North America Bio-Based Chemicals Market - Summary

 

2. Industry Outlook

2.1. Market Definition

2.2. Key Insights

2.2.1. Agriculture to Be Fastest-Growing Segment

2.2.2. Biofuels Are Market Leader in Terms of Products Segment

2.3. Impact of Covid-19 on Bio-Based Chemicals Market

2.4. Porter's Five Forces Analysis

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. North America 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. North America 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. North America Bio-Based Chemicals Market - Regional Outlook

5.1. United States

5.2. Canada

 

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

For more information about this report visit https://www.researchandmarkets.com/r/a2iqoq.