Bio-Based Platform Chemicals Market Is Expected to Reach 18.8 Billion, Globally, by 2021
North America and Europe, collectively accounted for more than half of the total platform chemicals market in 2015 and are expected to maintain this throughout the forecast period. Key factors responsible for the market growth in these regions include, stringent government regulations imposed on the consumption of toxic chemicals and rapid adoption of innovative technologies. However, Asia-Pacific is projected to be the fastest-growing segment due to increase in industrial activities and rise in popularity of green chemicals.
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