Bio-based Chemicals and Materials Market By Application, Industrial Chemicals, Food Products, Agriculture, By Product type and Geography.
Bio-based Chemicals and Materials Market size was valued at 9.92 billion in 2023 and is expected to reach US$ 22.77 billion by 2030, and poised to grow at a CAGR of 12.6% from 2024-2030. Bio-based chemicals originated from the natural feedstock, which include agricultural, forestry and renewable materials and plants. Such chemicals work as the best substitute for petroleum-derived fields, products and chemicals. A few crucial elements that increase the demand for these chemicals are constantly changing climate and high requirements for searching green solutions. Renewable as well as sustainable raw materials like biomass and sugar is used in the manufacturing of bio-chemicals. Hence, both the low cost and plentiful availability of raw materials are anticipated to drive the market.
The agriculture application is expected to grow at a fast speed according during the forecasting duration. A huge array of applications is presented by bio-based chemicals in the agriculture segment in the form of biofertilizers and biopesticides. The key application industries leading the global bio-based chemicals in the market are pharmaceuticals, industrial chemicals and packaging. Demand for bio-based chemicals and materials market is increasing day by day because of increase in the consumption of chemicals in several companies. Furthermore, rise in the requirement of lower greenhouse gas releases as well as increase in demand for bio-based products because of the environment issues are planned to drive the demand for the bio-derived chemicals according to forecast period.
Study Period
2024-2030Base Year
2023CAGR
12.6%Largest Market
Asia PacificFastest Growing Market
Europe
There are many factors that drive the global bio-based chemicals market. One major factor is the rising government proposals to promote green chemistry as well as business settlement programs like making restrictions on the free supply of disposable carry bags and making ban on plastic bags. Another crucial key driver propelling the bio based chemicals market is favorable government policies. A few other key factors driving the market are preference to the use of eco-friendly products, variation in the crude oil prices and high demand for bio-based chemicals products.
Asia-Pacific accounted for the largest market share and is projected to witness the fastest growth in the market. This is mainly attributed to the growing demand for bio-based chemicals in the agricultural industry in Asia-Pacific region. Furthermore, bio-based chemicals also find a wide range of applications in the agriculture sector in the form of bio-pesticides and bio-fertilizers which is futher boosting the Asia-pacific market. Europe accounted for the second-largest share in the global market owing to stringent government regulations and high investments in R&D and technological investments. Europe is followed by North America. North America recorded stagnant growth in the global market owing to strict environmental regulations by the Environmental Protection Agency (EPA) regarding the use of synthetic chemicals.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2030 |
US$ 22.77 billion |
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Market CAGR |
12.6% |
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By Application |
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By Product Type |
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By Region |
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The bio-based chemicals and materials market size was valued at US$ 9.92 billion in 2023.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1. Executive Summary |
| 2. Global Bio-based Chemicals and Materials Market Introduction |
| 2.1.Global Bio-based Chemicals and Materials Market - Taxonomy |
| 2.2.Global Bio-based Chemicals and Materials Market - Definitions |
| 2.2.1.Application |
| 2.2.2.Product Type |
| 2.2.3.Region |
| 3. Global Bio-based Chemicals and Materials Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Bio-based Chemicals and Materials Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Bio-based Chemicals and Materials Market By Application, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Pharmaceuticals |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Industrial Chemicals |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Food Products |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Agriculture |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Bio-based Chemicals and Materials Market By Product Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Propanediol |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Lactic Acid |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Succinic Acid |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Fumaric Acid |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Glucaric Acid |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Dodecanedioic Acid |
| 6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Malic Acid |
| 6.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7. Global Bio-based Chemicals and Materials Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Bio-based Chemicals and Materials Market 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Pharmaceuticals |
| 8.1.2.Industrial Chemicals |
| 8.1.3.Food Products |
| 8.1.4.Agriculture |
| 8.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Propanediol |
| 8.2.2.Lactic Acid |
| 8.2.3.Succinic Acid |
| 8.2.4.Fumaric Acid |
| 8.2.5.Glucaric Acid |
| 8.2.6.Dodecanedioic Acid |
| 8.2.7.Malic Acid |
| 8.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Bio-based Chemicals and Materials Market 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Pharmaceuticals |
| 9.1.2.Industrial Chemicals |
| 9.1.3.Food Products |
| 9.1.4.Agriculture |
| 9.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Propanediol |
| 9.2.2.Lactic Acid |
| 9.2.3.Succinic Acid |
| 9.2.4.Fumaric Acid |
| 9.2.5.Glucaric Acid |
| 9.2.6.Dodecanedioic Acid |
| 9.2.7.Malic Acid |
| 9.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Bio-based Chemicals and Materials Market 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Pharmaceuticals |
| 10.1.2.Industrial Chemicals |
| 10.1.3.Food Products |
| 10.1.4.Agriculture |
| 10.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Propanediol |
| 10.2.2.Lactic Acid |
| 10.2.3.Succinic Acid |
| 10.2.4.Fumaric Acid |
| 10.2.5.Glucaric Acid |
| 10.2.6.Dodecanedioic Acid |
| 10.2.7.Malic Acid |
| 10.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Bio-based Chemicals and Materials Market 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Pharmaceuticals |
| 11.1.2.Industrial Chemicals |
| 11.1.3.Food Products |
| 11.1.4.Agriculture |
| 11.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Propanediol |
| 11.2.2.Lactic Acid |
| 11.2.3.Succinic Acid |
| 11.2.4.Fumaric Acid |
| 11.2.5.Glucaric Acid |
| 11.2.6.Dodecanedioic Acid |
| 11.2.7.Malic Acid |
| 11.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Bio-based Chemicals and Materials Market 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Pharmaceuticals |
| 12.1.2.Industrial Chemicals |
| 12.1.3.Food Products |
| 12.1.4.Agriculture |
| 12.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Propanediol |
| 12.2.2.Lactic Acid |
| 12.2.3.Succinic Acid |
| 12.2.4.Fumaric Acid |
| 12.2.5.Glucaric Acid |
| 12.2.6.Dodecanedioic Acid |
| 12.2.7.Malic Acid |
| 12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1. BASF SE |
| 13.2.2. DSM |
| 13.2.3. Archer Daniels Midland Company (ADM) |
| 13.2.4. Mitsubishi Chemical Corporation |
| 13.2.5. CARGILL Incorporated |
| 13.2.6. LyondellBasell |
| 13.2.7. Evonik Industries |
| 13.2.8. GFBiochemicals |
| 13.2.9. Braskem |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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