Los Angeles, CA -- (SBWire) -- 06/05/2019 --Platform chemicals represent a group of twelve (one not commercialized yet) building block chemicals that can be produced from sugars via biological conversions.
Increasing acceptance of bio-based platform chemicals in industries, stringent government guidelines on conventional petroleum based chemicals and preference towards environmental friendly applications by consumers are main drivers for Bio-based Platform Chemicals market. 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. These trends are successful in creating a huge demand for bio-based platform chemicals market. 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 global Bio-based Platform Chemicals market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Bio-based Platform Chemicals volume and value at global level, regional level and company level. From a global perspective, this report represents overall Bio-based Platform Chemicals market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
BASF
Cargill Incorporated
DSM
INEOS
PTT Global Chemical Public Company
...
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Bio-1,4-Diacid
Bio-Gycerol
Bio-Glutamic Acid
Bio-3-Hydroxypropionic Acid
Bio-Itaconic Acid
Segment by Application
Agriculture
Bio Fuels
Bio Plastics
Food Applications
Industrial Chemicals
Pharmaceutical
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Bio-Based Platform Chemicals Market Share, Growth, Size, Trends and Forecast by 2025