- Pharmaceuticals
- Industrial Chemicals
- Food Products
- Agriculture
Bio-based Chemicals and Materials Market size was valued at 9.92 billion in 2022 and expected to reach USD 22.77 billion by 2029, at a CAGR of 12.6% from 2023-2029. 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.
Bio Based Chemicals And Materials Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
12.6%
Largest Market
Asia Pacific
Fastest Growing Market
Europe
Bio-based Chemicals and Materials Market Dynamics
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 Got Significant Share
Bio-based Chemicals and Materials Market Regional Analysis
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
Key Features of the Reports
- Global Bio-based Chemicals and Materials market expanding at significant CAGR over 2023 to 2029 due to increase in the awareness of the patients about chronic diseases.
- Based on by product type, application accounted for larger market revenue share in 2022 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global Bio-based Chemicals and Materials market
Bio Based Chemicals And Materials Market Segmentation
By Application
By Product Type
- Propanediol
- Lactic Acid
- Succinic Acid
- Fumaric Acid
- Glucaric Acid
- Dodecanedioic Acid
- Malic Acid
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Frequently Asked Questions
The bio-based chemicals and materials market size was valued at USD 9.92 billion in 2022.
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, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Pharmaceuticals |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Propanediol |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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 ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. Application Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 |
- BASF SE
- DSM
- Archer Daniels Midland Company (ADM)
- Mitsubishi Chemical Corporation
- CARGILL Incorporated
- LyondellBasell
- Evonik Industries
- GFBiochemicals
- Braskem