Infinium Global Research has added a new report on Global Bio-Based Platform Chemicals Market. The report predicts the market size of Bio-Based Platform Chemicals is expected to reach XX billion by 2023.
The size of the global Bio-Based Platform Chemicals market is projected to grow with a CAGR between 8% and 9% from 2017 to 2023. Bio-Based Platform Chemicals are produced in bio refineries, which convert biomass to fuels, heat, power, and other value added chemicals, by various biomass conversion processes. Biogas feed stocks derive from algal and plant materials. Cornstarch, crop residues, grass crops, sugarcane bagasse, residues of aqua culture and forestry wastes, and woody plants are some of the major bio feed stocks. Intermediate chemicals and platform chemicals derived from feedstocks of biomass are Bio-Based Platform Chemicals. Bio enzymes, bio fertilizers, bio PE, bio PET, biodegradable polyesters, cellulose fibres, cellulose derivatives, citric acid, ethanol, fatty acids, non-food starch, and tall oil are some of the major Bio-Based Platform Chemicals. Ethanol is the most commercially produced bio- based chemical. Platform chemicals are the fastest growing segment among the global Bio-Based Platform Chemicals market. Glycerol, 3-hydroxypropionic acid, aspartic acid, glutamic acid, itanconic acid, sorbitol and glucaric acid are the major C3, C4, C5, C6 bio based platform chemicals. 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.
Market Insights
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 environmental 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.
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Segments Covered:
The report segments the global bio-based platform chemicals market by type, applications and region. On the basis of type, the market is segmented as C-3 (including Glycerol, 3-Hydroxypropionic Acid), C-4 (Succinic, Fumaric, Malic & Aspartic Acid), C-5 (Levulinic, Glutamic & Itaconic Acid, Xylitol), C-6 (Sorbitol, Glucaric Acid) Based on the end user applications, the market is segmented as agriculture, bio fuels, bio plastics, food applications, industrial chemicals, pharmaceuticals, and others.
Company Profiles
Australian Renewable Fuels Limited
BASF AG
BioAmber Inc.
Royal DSM
Mitsubishi Chemicals
Myriant Technologies LLC
Novamont S.P.A
Raizen Energia Participacoes
Tianjin Green Bio Materials Co. Ltd.
Zhejiang Hisun Biomaterials Co. Ltd.

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Key topics covered:
1. Preface
2. Executive Summary
3. Global Bio-Based Platform Chemicals Market Overview
4. Global Bio-Based Platform Chemicals Market : IGR Snapshots
5. Global Bio-Based Platform Chemicals market by Type (USD Million, KT) 2017 – 2023
6. Global Bio-Based Platform Chemicals market by Application (USD Million, KT) 2017 – 2023
7. Global Bio-Based Platform Chemicals Market Analysis, by Region (USD Million, KT) 2017 – 2023
8. Company Profiles

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