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Bio Based Chemicals Market Share, Growth, Opportunities 2031

Global Bio-based Chemicals Market

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Segments - by Types (Bio plastics, Bio-lubricants, Bio-solvents, Bio-alcohols, Bio-based Acids, and Bio-surfactants), End-user (Industrial Chemicals, Pharmaceuticals, Food & Beverages, Detergents & Cleaners, Personal Care, Agriculture, Packaging, Paints & Coating, Automotive, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

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Author :

Riddhesh Dani

Fact-checked by :

Harneet Meher

Editor :

Shruti Bhat

Report Description

Global bio-based chemicals market size was valued at USD 81.23 million in 2020 and is projected to expand at a CAGR of 10.4% between 2021 and 2028.

Bio-based chemicals are stated as the group of chemicals that is formed by the natural elements such as waste of plants and animals. Bio-based chemicals are extracted from the living organism and other renewable forestories, marine waste materials and the agricultural waste. It works as the alternative to conventional petroleum & derived product and consist of various range of offerings. The bio-based chemicals are classified in variety such as bioplastic, PLA, PHAs, plant oils, fatty acids, bio-lubricants, bio solvent, bio-surfactant, ink san dyes, and others. Bio-based chemicals are one of the most unique methods to get rid of agricultural and industrial waste and can be used to make bio-fuel and bio-chemicals. Bio-based chemicals are cost effective and highly efficient. Bio-based chemicals are considered to be environmentally sustainable as they are formed by renewable and recyclable products such as from household waste and agricultural residues. Bio-based products are given to plants so as to maintain their nutritional value.

Market Trends, Drivers, Restraints, and Opportunities:

The demand for bio-based chemicals is boosting as these chemicals are widely used in industries such as food & beverages, automobile, and transportation.
Rising initiatives by government to avoid the plastic material and also ban on plastic material in many regions is estimated to increase the use of bio-based chemical products in the market.
Rising emission of greenhouse gases leads to the environmental issues such as pollution, and hazardous gases. So to reduce the emission greenhouse gases bio-based products are in huge demand and this propels the market.
Factors such as high cost of production, shortage of raw materials, technological complexities hinders the market growth.
Increasing biomass output and its availability are responsible for growing bio- refineries and this is projected to create various opportunities for key players in the market.

Scope of the report:

The report on bio-based chemicals market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Bio-based Chemicals Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018 & 2019
Forecast Period	2021-2028
Segmentation	Types (Bio plastics, Bio-lubricants, Bio-solvents, Bio-alcohols, Bio-based Acids, and Bio-surfactants), End-user (Industrial Chemicals, Pharmaceuticals, Food & Beverages, Detergents & Cleaners, Personal Care, Agriculture, Packaging, Paints & Coating, Automotive, and Others)
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
Key Players covered in the Report	Corbion NV, Royal DSM NV, Methanex Corporation, Mitsubishi Chemical Corporation, NatureWorks LLC, Cargill Incorporated, and Mitsui & Co Ltd.

Bio-Based Chemicals Market Segment Insights:

The bio-alcoholssegment is projected to hold significant market share

Based on types, the bio-based chemicals market is segmented intobio-plastics, bio-lubricants, bio-solvents, bio-alcohols, bio-based acids, and bio-surfactants. The bio-alcohols segment is projected to dominate the major market share.Bio-ethanol is widely use in the industries such as food and beverages, it enhance the aroma in food and highlights its flavours. Increasing trend in food and beverages leads to new business ideas and new players in market, Invention of new drinks such as mocktails and cocktails are one of the reasons for the growth of market. Thus, the consumption of alcohol has increase drastically which leads to growth of market globally.

The industrial chemicals segment held substantial market share in 2020

On the basis of end-users, the bio-based chemicals market is segregated into industrial chemicals, pharmaceuticals, food & beverages, detergents & cleaners, personal care, agriculture, packaging, paints & coating, automotive, and others. The industrial chemicals segment held substantial market share in 2020 owing to rising use of chemicals in customized polymerization, composite, lubricants applications in chemical industries for the production of engine oils, and other lubricating oils for the vehicles and machineries. Industries such as Automotives, constructions, pulp and paper etc dominates the market growth.

North America is anticipated to dominate the global market

In terms of regions, the global bio-based chemicals market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is anticipated to dominate the market during the forecast period owing to growing population high demand for bio-chemicals such as bio-plastics, biocides, bio-fertilizers, and cosmetics. Government has introduced many environmental policies in the region to spread awareness among the people, which leads to growing demand of bio-based chemicals.

Segments

By Type

Bioplastic
Bio-lubricants
Bio-solvents
Bio-alcohols
Bio-based Acids
Bio-surfactants

By End-user

Industrial Chemicals
Pharmaceuticals
Food & Beverages
Detergents & Cleaners
Personal Care
Agriculture
Packaging
Paints & Coating
Automotive
Others

By Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

By Key Players

Corbion NV
Royal DSM NV
Methanex Corporation
Mitsubishi Chemical Corporation
NatureWorks LLC
Cargill Incorporated
Mitsui & Co Ltd.

Competitive Landscape

Key players in the bio-based chemicals market includes Corbion NV, Royal DSM NV, Methanex Corporation, Mitsubishi Chemical Corporation, NatureWorks LLC, Cargill Incorporated, and Mitsui & Co Ltd. These players are engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bio-based Chemicals Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Bio-based Chemicals Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Bio-based Chemicals Market - Supply Chain
  4.5. Global Bio-based Chemicals Market Forecast
     4.5.1. Bio-based Chemicals Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Bio-based Chemicals Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Bio-based Chemicals Market Absolute $ Opportunity
5. Global Bio-based Chemicals Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Bio-based Chemicals Market Size and Volume Forecast by Types
     5.3.1. Bioplastic
     5.3.2. Bio-lubricants
     5.3.3. Bio-solvents
     5.3.4. Bio-alcohols
     5.3.5. Bio-based Acids
     5.3.6. Bio-surfactants
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Bio-based Chemicals Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Bio-based Chemicals Market Size and Volume Forecast by End Users
     6.3.1. Industrial Chemicals
     6.3.2. Pharmaceuticals
     6.3.3. Food & Beverages
     6.3.4. Detergents & Cleaners
     6.3.5. Personal Care
     6.3.6. Agriculture
     6.3.7. Packaging
     6.3.8. Paints & Coating
     6.3.9. Automotive
     6.3.10. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Bio-based Chemicals Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Bio-based Chemicals Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Bio-based Chemicals Demand Share Forecast, 2019-2026
8. North America Bio-based Chemicals Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Bio-based Chemicals Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Bio-based Chemicals Market Size and Volume Forecast by Types
     8.4.1. Bioplastic
     8.4.2. Bio-lubricants
     8.4.3. Bio-solvents
     8.4.4. Bio-alcohols
     8.4.5. Bio-based Acids
     8.4.6. Bio-surfactants
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Bio-based Chemicals Market Size and Volume Forecast by End Users
     8.7.1. Industrial Chemicals
     8.7.2. Pharmaceuticals
     8.7.3. Food & Beverages
     8.7.4. Detergents & Cleaners
     8.7.5. Personal Care
     8.7.6. Agriculture
     8.7.7. Packaging
     8.7.8. Paints & Coating
     8.7.9. Automotive
     8.7.10. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Bio-based Chemicals Demand Share Forecast, 2019-2026
9. Latin America Bio-based Chemicals Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Bio-based Chemicals Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Bio-based Chemicals Market Size and Volume Forecast by Types
     9.4.1. Bioplastic
     9.4.2. Bio-lubricants
     9.4.3. Bio-solvents
     9.4.4. Bio-alcohols
     9.4.5. Bio-based Acids
     9.4.6. Bio-surfactants
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Bio-based Chemicals Market Size and Volume Forecast by End Users
     9.7.1. Industrial Chemicals
     9.7.2. Pharmaceuticals
     9.7.3. Food & Beverages
     9.7.4. Detergents & Cleaners
     9.7.5. Personal Care
     9.7.6. Agriculture
     9.7.7. Packaging
     9.7.8. Paints & Coating
     9.7.9. Automotive
     9.7.10. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Bio-based Chemicals Demand Share Forecast, 2019-2026
10. Europe Bio-based Chemicals Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Bio-based Chemicals Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Bio-based Chemicals Market Size and Volume Forecast by Types
     10.4.1. Bioplastic
     10.4.2. Bio-lubricants
     10.4.3. Bio-solvents
     10.4.4. Bio-alcohols
     10.4.5. Bio-based Acids
     10.4.6. Bio-surfactants
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Bio-based Chemicals Market Size and Volume Forecast by End Users
     10.7.1. Industrial Chemicals
     10.7.2. Pharmaceuticals
     10.7.3. Food & Beverages
     10.7.4. Detergents & Cleaners
     10.7.5. Personal Care
     10.7.6. Agriculture
     10.7.7. Packaging
     10.7.8. Paints & Coating
     10.7.9. Automotive
     10.7.10. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Bio-based Chemicals Demand Share Forecast, 2019-2026
11. Asia Pacific Bio-based Chemicals Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Bio-based Chemicals Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Bio-based Chemicals Market Size and Volume Forecast by Types
     11.4.1. Bioplastic
     11.4.2. Bio-lubricants
     11.4.3. Bio-solvents
     11.4.4. Bio-alcohols
     11.4.5. Bio-based Acids
     11.4.6. Bio-surfactants
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Bio-based Chemicals Market Size and Volume Forecast by End Users
     11.7.1. Industrial Chemicals
     11.7.2. Pharmaceuticals
     11.7.3. Food & Beverages
     11.7.4. Detergents & Cleaners
     11.7.5. Personal Care
     11.7.6. Agriculture
     11.7.7. Packaging
     11.7.8. Paints & Coating
     11.7.9. Automotive
     11.7.10. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Bio-based Chemicals Demand Share Forecast, 2019-2026
12. Middle East & Africa Bio-based Chemicals Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Bio-based Chemicals Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Bio-based Chemicals Market Size and Volume Forecast by Types
     12.4.1. Bioplastic
     12.4.2. Bio-lubricants
     12.4.3. Bio-solvents
     12.4.4. Bio-alcohols
     12.4.5. Bio-based Acids
     12.4.6. Bio-surfactants
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Bio-based Chemicals Market Size and Volume Forecast by End Users
     12.7.1. Industrial Chemicals
     12.7.2. Pharmaceuticals
     12.7.3. Food & Beverages
     12.7.4. Detergents & Cleaners
     12.7.5. Personal Care
     12.7.6. Agriculture
     12.7.7. Packaging
     12.7.8. Paints & Coating
     12.7.9. Automotive
     12.7.10. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Bio-based Chemicals Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Bio-based Chemicals Market: Market Share Analysis
  13.2. Bio-based Chemicals Distributors and Customers
  13.3. Bio-based Chemicals Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Corbion NV
     13.4.2. Royal DSM NV
     13.4.3. Methanex Corporation
     13.4.4. Mitsubishi Chemical Corporation
     13.4.5. NatureWorks LLC
     13.4.6. Cargill Incorporated
     13.4.7. Mitsui & Co Ltd.

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