The market of metal, mining and chemicals has
grown more actively in the recent trend with the significant development in the
category of chemicals. While, the bio-based platform chemicals characterize a
group of twelve building block chemicals which are imitative from the natural
origin or biomass such as trees, animals and plants. They can be introduced
from the sugar via biological conversions and are significant precursors for
introducing a multiplicity of chemicals and materials such as fuels, polymers,
pharmaceuticals and perfumes among others. Various bioplastics such as bo-polythylene teraphthalate,
polyhydroxyalkanoates, bio-polythylene and polylactic acid are introduced from
bio-based chemicals, which are widely used in cutlery, straws, pots, bowls, and
crockery. The market key players are playing an important role by performing
more actively and doing more development in the product making which are
related to bio-based chemicals for acquiring the huge market share and leading
the market growth in the reviewed period more significantly.
According to the report analysis, ‘Global Bio-Based Platform Chemicals Market
Research Report - Forecast to 2023’ states that some of the major key
players which are recently functioning in this market more actively for
accounting the huge market share across the globe by doing more developments in
the product which are produced from bio-based chemicals more efficiently
includes Braskem (Brazil), BioAmberInc (US), Qingdao Kehai Biochemistry Co.,
Ltd (China), Itaconix PLC (UK), Zhejiang Guoguang Biochemistry Co., Ltd
(China), GFBiochemicals Ltd (The Netherlands), Reverdia (The Netherlands), GC
Innovation America (US), Cargill, Incorporated. (US), Mitsubishi Chemical
Corporation (Japan), AVA Biochem AG (Switzerland), LyondellBasell Industries NV
(The Netherlands), Royal DSM NV (The Netherlands), and BASF SE (Germany).
Moreover, growing application of bio-based polymers, stringent regulations for
the usage of petroleum-based chemicals, rising requirement in Asia Pacific and
drivers impact analysis are the some key factor which driving the market growth
more actively in the forecasted period. While, with the key drivers the market
is having some restraints which hinder the market growth includes huge cost of
production and technological complexities and restraints impact analysis. Not
only has this, by utilizing the opportunities likewise construction of Lignocellulosic
biorefineries, for attaining the fastest growth in the near future.
According to the analysis, the market of
bio-based platform chemicals is predicted to grow globally more effectively in
the forecasted period. While, based on the product type, the global market of
bio-based platform chemicals has been split into syngas, biogas, oil, algae,
and sugar whereas, in 2017 sugar sector accounted the market and is predicted
to reach USD 4,635.2 million during the forecasted period due to the heaving requirement
for bio-based sugar in the Asia Pacific region and Europe. Moreover, the global
bio-based platform chemicals market has been analyzed across five key regions,
including North America, Europe, Asia-Pacific, Latin America, and the Middle
East & Africa. Not only has this, based on the application phase, the
global bio-based platform sector registered the highest market share in 2017
and is anticipated to grow at the highest CAGR of 1.7% in the near future.
Therefore, with the effective application and
classification it is expected that in the near future the global market of bio
based platform chemical will grow more actively over the recent few years.
For more
information on the research report, refer to below link:-
Related
Reports:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
