Bio-based Platform Chemicals Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of bio-based platform chemicals market by types (C-2, C-3, C-4, C-5, and C-6), applications (agriculture, bio fuels, bio plastics, food applications, industrial chemicals, pharmaceuticals, and other applications) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the bio-based platform chemicals market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global bio-based platform chemicals market are BioAmber Inc., DSM, BASF SE, AZoNetwork, Raízen Energia S.A., Novamont S.p.A., Myriant Corporation, Mitsubishi Chemical Corporation, Tianjin GreenBio Materials Co., Ltd., Zhejiang Hisun Biomaterials Co., Ltd, Cargill Incorporated, and Others. The global bio-based platform chemicals market is projected to grow at a CAGR of 8.2% over the forecast period of 2019-2025.
"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026."
The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/5981
Increasing Acceptance of Bio-Based Platform Chemicals in Food and Beverages, Personal Care and Pharmaceuticals Industries are Driving the Growth of the Bio-Based Platform Chemicals Market
Increasing acceptance of bio-based platform chemicals in food and beverages, personal care and pharmaceuticals industries are driving the growth of the bio-based platform chemicals market. The demand for environmental friendly bio-cleaning applications is expected to grow significantly during the forecast period. The preference showed by consumers for environmentally friendly applications made from bio sources is a major factor in the growth of the global bio-based platform chemicals market. The limited reserves of non-renewable resources such as coal, gas, and oil, along with the increasing pollution related to those resources are expected provide boost the growth of the bio-chemicals market.
Moreover, the stringent government guidelines force many sectors to move towards bio-based platform chemicals over conventional petroleum-based chemicals. Unhindered availability of raw materials, adverse weather conditions, price fluctuations of petroleum-based chemicals are the main challenges expected to affect the prospects of major players in the market. Furthermore, the production capacities for bio-plastics are expected to grow significantly during the forecast period. Bio-pet and bio PE accounts for more than 50% of the bio-based polymers produced globally.
Enquire Here Get Customization & Check Discount for Report @ https://www.infiniumglobalresearch.com/reports/customization/5981
Asia-Pacific Region is the Largest Bio-Based Platforms Chemical Market
In the North American region, the U.S. is the largest producer of ethanol. In the U.S., the bio-based platform chemicals are slowly replacing petroleum-derived chemicals. Hence, it is expected to build upon the current market share of around ten percentages in the chemicals market and drive the growth of the North American bio-based platform chemicals market. Asia-Pacific region is the largest bio-based platforms chemical market. The increasing demand for citric acid from the food and beverages industry in the region is expected to drive the growth of the bio-based platform chemicals market. In Europe, there are serious concerns about the clearing of forests for the cultivation of crops for bio-energy. European Union’s industrial policy that favors an increase in the share of bio-based applications industry up to 20% by 2023 is expected to enhance the growth of the bio-based platform chemicals market in the region.
Bio-based Platform Chemicals Market: Segmentation
The report on global bio-based platform chemicals market covers segments such as types and applications. On the basis of types, the sub-markets include C-2, C-3, C-4, C-5, and C-6. On the basis of applications, the sub-markets include agriculture, bio fuels, bio plastics, food applications, industrial chemicals, pharmaceuticals, and other applications.
Browse Complete Report@ https://www.infiniumglobalresearch.com/chemical-material/global-bio-based-platform-chemicals-market
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the bio-based platform chemicals.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
No comments:
Post a Comment