Bio-based Chemicals Market
                     Global Bio-based Chemicals Market Review Report with Trends and Opportunity 
Forecast till 2026
The global bio-based chemicals market size is expected to witness potential gains in the future, 
and register a significant CAGR of 15.74% over the forecast period (2019 – 2027).
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Market Overview
Bio-based chemicals are products derived from plants and other renewable agricultural, marine,
and forestry materials. Some of the examples of bio-based chemicals include, non-food starch,
cellulose fibers and cellulose derivatives, tall oils, fatty acids, and fermentation products such as
ethanol  and  citric  acid.  Methane,  methanol,  carbon  monoxide,  and  formic  acid  are  some
commercially  produced and used bio-based chemicals.  Anaerobic  digestion or fermentation of
biodegradable materials, syngas, and biofine processes are some of the methods used to produce
bio-based chemicals. Bio-based chemicals are used in various applications such as production of
biogas and synthesis gas. Bio-based chemicals are also used in the agriculture sector in the form
of bio-pesticides and bio-fertilizers.
Key Players
Some of  the  key  players  in  the  global  bio-based  chemicals  market  include,  BioAmber  Inc.,
Danimer  Scientific,  Metabolix,  Inc.,  Myriant  Corporation,  NatureWorks  LLC,  Koninklijke  DSM
N.V., PTT Global Chemical Public Company Limited, Corbion, BASF SE, Braskem, Mitsui & Co.,
Ltd., Mitsubishi Chemical Corporation, Synbra Holding BV, Zhejiang Hisun Biomaterials Co., Ltd,
and Teijin Limited.
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Market Dynamics
Increasing demand for biofuels in order to mitigate the impact of greenhouse gas emission and
pollution  is  expected  to  contribute  to  the  market  size  for  bio-based  chemicals.  Moreover,
fluctuations in crude oil prices can also boost the market growth. Bio-chemicals can also be used
to produce degradable plastics. Microorganisms can convert cornstarch into a resin that is as rigid
as petroleum-based plastics. Increasing demand for bio-based chemicals from the pharmaceutical
industry is also expected to boost the market growth. In the pharmaceutical industry, bio-based
chemicals are used for the development of medicines & therapies.
Lack of legislation regarding production and use of bio-based chemicals is major factor retraining
growth  of  the  market.  Several  countries  lack  the  presence  and  implementation  of  law  or
legislation about production, usage or waste management of bio-based chemicals. Recycling of
bio-based  chemical  products  is  also  a  major  issue  as  bio-based  chemicals  might  actually
contaminate the recycling process when not separated from conventional chemical products. High
costs of bio-based chemicals compared to their conventional counterparts may play a significant
role in market outlook. However, large-scale industrial production may help to reduce costs.
Market Outlook
Asia Pacific is expected to hold dominant position in the global bio-based chemicals market over
the forecast  period. This is  attributed to increasing demand for clean energy and significant
growth of pharmaceuticals industry in the region. Europe is expected follow Asia Pacific in terms
of market share, owing to increasing development of value chains with bio-based feedstock.
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