Bio-Based Chemicals Market 2020
Bio-based chemicals are produced using renewable sources such as corn, wheat, other cereals, grains, vegetable oil, sugarcane, sugar beet, cassava, and lignocellulosic biomass, among others. The production of bio-based chemicals is increasing across the globe, as the chemical industry contributes over 20% of the industrial greenhouse gas emissions as of 2017, according to the US Environmental Protection Agency (US EPA). The growth of the global bio-based chemicals market is driven by stringent regulatory policies regarding the use of synthetic chemicals majorly in developed countries. The adoption of bio-based chemicals is increasing extensively in agricultural, automotive, personal care, food & beverage, packaging, detergents & cleaners, paints and coatings, adhesives and sealants, and pharmaceutical industries, among others.
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Major Key Players of Bio-Based Chemicals Industry:
The key players operating in the global bio-based chemicals market are BASF SE (Germany), Vertec BioSolvents (US), AGAE Technologies, LLC (US), TOTAL (France), BioAmber Inc (US), Archer Daniels Midland Company (US), DowDuPont (US), Braskem SA (Brazil), Evonik Industries (Germany), Toray Industries Inc (Japan), Cargill, Incorporated (US), Itaconix PLC (UK), GFBiochemicals Ltd (UK), Mitsubishi Chemical Corporation (Japan), and Royal DSM NV (The Netherlands).
The information presents leading manufacturing technologies and applications illustrating the development of the Bio-Based Chemicalsindustry. This information divided the market into a number of segments, which, during the forecast period, also indicate the maximum market share of 2020. Besides that, Bio-Based Chemicalsindustry information is provided on the basis of its highly competitive alliances, leading players, and their industry revenues over the years. This comprises the number of players from the global, regional, and national sectors that have significantly divided the Bio-Based Chemicalsmarket. Furthermore, it focuses on the sales of products, inventory losses, and product categories. The report thus provides details on the competitiveness and development of the Bio-Based Chemicalsmarket with growth over the 2023 forecast period. Other business characteristics are furthermore extensively examined through a wide range of technologies, which create a strong market impact for the future. The market analysis was performed in 2018, the base year, and the forecast duration continues to 2023.
Drivers and Restraints
The Bio-Based Chemicalsmarket continues to be associated with the occurrence of key players who continue to make a significant contribution to market development. The study discusses the demand, volume dynamics, and market pricing history so that maximum growth could be expected for the future. Moreover, different latent growth factors, constraints, and opportunities for advanced analysis and business suggestions during the forecast period are also evaluated.
The Bio-Based Chemicalsmarket report provides competitive strategies across different regions on a global scale, where key players aim to optimize benefits in a number of regions through partnerships. The Bio-Based Chemicalsregional market report seeks to evaluate the market size and potential for the future growth of these regions. The report makers cover areas such as North America, the Asia Pacific, Europe, and the Middle East and Africa, forecasting potential business growth. The Bio-Based Chemicalsmarket research is conducted extensively in tandem with all these regions in the 2023 analysis period, taking into account opportunities, emerging developments, and future prospects.
Method of Research
The Bio-Based Chemicalsmarket study is a collection of first-hand knowledge from which the industry research analysts perform qualitative and quantitative assessments as per the Porter’s Five Force Model parameters. There are two main stages in the systematic research process, namely primary and secondary study. It also helps to provide a deeper picture of the Bio-Based Chemicalsmarket in terms of strengths, prospects, weaknesses, and industrially-related risks to the business moguls worldwide. From a different viewpoint, Bio-Based Chemicalsmarket analysis focuses on varying levels of study, including trends in industry and company profile, with the aid of high-growth prospects, market leaders, constraints, threats, and opportunities.
Table of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
3 Market Insights
4 Research Methodology
5 Market Dynamics
6 Market Factor Analysis
7 Global Bio-Based Chemicals Market, by Type
8 Global Bio-Based Chemicals Market, by Application
9 Global Bio-Based Chemicals Market, by Region
10 Competitive Landscape
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