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Bio-Based Chemicals Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Bio-Based Chemicals Market: By Type (Bio-Lubricants, Bio-Solvents (Tetrahydrofuran, Cyclopentanone, Tetrahydropyran, and Others) Bioplastics, Biodegradable Bioplastics, Non-Biodegradable Bioplastics, Bio-Alcohols, 1,3-propanediol, 1,6-hexanediol, 1,10-decanediol, Others) Bio-Surfactants, Bio-Based Acids (Succinic acid, Furfural, Butadiene, 1-4 BDO, Others), Others; Application (Automotive, Personal Care, Food & Beverages, Agriculture, Industrial, Pharmaceuticals, Packaging, Others); and Region - Industry Dynamics, Market Size, Opportunity and Forecast for 2023–2031

  • Published On: 23-Jan-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0123350
    Delivery: 2 to 4 Hours


Report AttributeDetails
Market Size Value in 2022US$ 128.5 Billion
Expected Revenue in 2031US$ 271.7 Billion
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
CAGR9.2% (2023-2031)
Segments coveredBy Type, By Application
Key Companies                                                                                 AGAE Technologies, Archer Daniels Midland Company, BASF SE, Braskem SA, Cargill Incorporated, Koninklijke DSM N.V, Dow Chemicals, DuPont, Evonik Industries, GFBiochemicals Ltd., IP Group PLC, Lyondellbasell, Mitsubishi Chemical Corporation, Toray Industries Inc., Total Energies, Vertec BioSolvents, Other Prominent Players
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The market size of the global bio-based chemicals market was valued at US$ 128.5 Bn in 2022.

The market is registered to grow at a CAGR of 9.2% during 2023-2031.

Increasing consumer adoption of bio based products and environmentally friendly properties and favorable government policy. 

High cost of the bio-based product and challenges in accessing affordable feedstock are restraining market growth.

Demand for platform-based bio-based chemicals across various industries is current trend in the market. 

The various segmentations considered to analyze the global bio-based chemicals market are based on type and application.

Stringent environmental regulations and technology innovations will promote bio-based chemicals market.

Bioplastic type segment dominated occupied dominant share in the global bio-based chemicals market in 2022.

Industrial application segment will grow with the highest CAGR of 10.6%.

COVID–19 had a negative impact on bio-based chemicals market. The market witnessed a degrowth of approx. -4.3% in 2020.

Archer Daniels Midland Company, Cargill Incorporated, Dow Chemicals, Toray Industries Inc, Mitsubishi Chemical Corporation, BASF SE are the key players analyzed in the global bio-based chemicals market.