Global Bio-based Platform Chemicals Market 2017-2021

  • ID: 4144052
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • BASF
  • Braskem
  • DSM
  • GFBiochemicals
  • LyondellBasell Industries
  • Prinova Group
  • MORE
About Bio-Based Platform Chemicals

Bio-based platform chemicals are compounds containing two to six carbons and are derived from renewable resources. They are used as important precursors for producing a variety of chemicals and materials, such as pharmaceuticals, perfumes, solvents, fuels, and polymers. Platform chemicals are two to six carbon-containing compounds derived from fossil fuel resources. They are used as important precursors for producing a variety of chemicals and materials, such as pharmaceuticals, perfumes, solvents, fuels, and polymers.

The analysts forecast the global bio-based platform chemicals market to grow at a CAGR of 10.88% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global bio-based platform chemicals market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

The report, Global Bio-Based Platform Chemicals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- BASF
- Cargill Incorporated
- DSM
- INEOS
- PTT Global Chemical Public Company

Other prominent vendors
- BioAmber
- Braskem
- DuPont
- GFBiochemicals
- LyondellBasell Industries
- Mitsubishi Chemical Holdings Corporation
- Novozymes
- Prinova Group
- Qingdao Langyatai (Group)
- Revolymer
- Succinity
- Yield10 Bioscience
- ZHEJIANG GUOGUANG BIOCHEMISTRY

Market drivers
- Growing demand from emerging economies.
- For a full, detailed list, view the full report

Market challenges
- Lack of availability of raw materials.
- For a full, detailed list, view the full report

Market trends
- Increasing demand for bio-based succinic acid.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the Key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BASF
  • Braskem
  • DSM
  • GFBiochemicals
  • LyondellBasell Industries
  • Prinova Group
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
  • Overview
PART 05: Market landscape
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by chemical
  • Global bio-based platform chemicals market by chemical
  • Global market for bio-1,4-diacids
  • Global market for bio-glycerol
  • Global market for bio-glutamic acid
  • Global market for bio-3-hydroxypropionic acid
  • Global market for bio-itaconic acid
PART 07: Market segmentation by geography
  • Global bio-based platform chemicals market by geography
  • Bio-based platform chemicals market in APAC
  • Bio-based platform chemicals market in Europe
  • Bio-based platform chemicals market in North America
  • Bio-based platform chemicals market in ROW
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Impact of drivers on key regions
  • Market challenges
  • Impact of challenges on key regions
PART 10: Market trends
  • Increase in R&D activities
  • Rising investments by governments
  • Increasing demand for bio-based succinic acid
PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 12: Key vendor analysis
  • BASF
  • Cargill Incorporated
  • DSM
  • INEOS
  • PTT Global Chemical Public Company
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global bio-based platform chemicals market 2016 and 2021 ($ millions)
Exhibit 02: Market forecast: Global bio-based platform chemicals market 2016-2021
Exhibit 03: Five forces analysis
Exhibit 04: Global bio-based platform chemicals market by chemical 2016
Exhibit 05: Global bio-based platform chemicals market by chemical 2021
Exhibit 06: Global market for bio-1,4-diacids 2016 and 2021 ($ millions)
Exhibit 07: Market forecast: Global market for bio-1,4-diacids 2016-2021
Exhibit 08: Global market for bio-glycerol 2016 and 2021 ($ millions)
Exhibit 09: Market forecast: Global market for bio-glycerol 2016-2021
Exhibit 10: Global market for bio-glutamic acid 2016 and 2021 ($ millions)
Exhibit 11: Market forecast: Global market for bio-glutamic acid 2016-2021
Exhibit 12: Global market for bio-3-hydroxypropionic acid 2016 and 2021 ($ millions)
Exhibit 13: Market forecast: Global market for bio-3-hydroxypropionic acid 2016-2021
Exhibit 14: Global market for bio-itaconic acid 2016 and 2021 ($ millions)
Exhibit 15: Market forecast: Global market for bio-itaconic acid 2016-2021
Exhibit 16: Global bio-based platform chemicals market by geography 2016
Exhibit 17: Global bio-based platform chemicals market by geography 2021
Exhibit 18: Bio-based platform chemicals market in APAC 2016 and 2021 ($ millions)
Exhibit 19: Market forecast: Bio-based platform chemicals market in APAC 2016-2021
Exhibit 20: Bio-based platform chemicals market in Europe 2016 and 2021 ($ millions)
Exhibit 21: Market forecast: Bio-based platform chemicals market in Europe 2016-2021
Exhibit 22: Bio-based platform chemicals market in North America 2016 and 2021 ($ millions)
Exhibit 23: Market forecast: Bio-based platform chemicals market in North America 2016-2021
Exhibit 24: Bio-based platform chemicals market in ROW 2016 and 2021 ($ millions)
Exhibit 25: Market forecast: Bio-based platform chemicals market in ROW 2016-2021
Exhibit 26: Biodiesel production process
Exhibit 27: Biodiesel production in US 2014-2016
Exhibit 28: Impact of drivers
Exhibit 29: World population (billions) versus arable land (hectares per person) 1950-2050
Exhibit 30: Impact of challenges
Exhibit 31: Key vendors in global bio-based platform chemicals market 2016
Exhibit 32: BASF: Business segmentation by revenue 2016
Exhibit 33: BASF: Geographic segmentation by revenue 2016
Exhibit 34: Cargill Incorporated: Product and services 2016
Exhibit 35: Cargill Incorporated: Geographic segmentation by revenue 2016
Exhibit 36: DSM: Business segmentation by revenue 2016
Exhibit 37: DSM: Geographic segmentation by revenue 2016
Exhibit 38: PTT Global Chemical Public Company: Business segmentation by revenue 2016
Exhibit 39: PTT Global Chemical Public Company: Geographic segmentation by revenue 2016
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FEATURED COMPANIES

  • BASF
  • Braskem
  • DSM
  • GFBiochemicals
  • LyondellBasell Industries
  • Prinova Group
  • MORE
New Report Released: – Global Bio-Based Platform Chemicals Market 2017-2021

The author of the report recognizes the following companies as the key players in the global bio-based platform chemicals market: BASF, Cargill Incorporated, DSM, INEOS, and PTT Global Chemical Public Company.

Other Prominent Vendors in the market are: BioAmber, Braskem, DuPont, GFBiochemicals, LyondellBasell Industries, Mitsubishi Chemical Holdings Corporation, Novozymes, Prinova Group, Qingdao Langyatai (Group), Revolymer, Succinity, Yield10 Bioscience, and ZHEJIANG GUOGUANG BIOCHEMISTRY.

Commenting on the report, an analyst from the research team said: “One trend in market is increase in R&D activities. Growing R&D expenditure is a major trend that is being witnessed in the global bio-based platform chemicals market in recent years. There has been a significant increase in R&D activities to increase the application areas of bio-based platform chemicals in various industries, such as biofuels and resins, by many major vendors in recent years. Globally, major bio-based platform chemicals players have increased their R&D spending to reduce the manufacturing cost of bio-based platform chemicals. Furthermore, the manufacturers have been heavily emphasizing on new product innovations and developments to maintain a competitive edge and gain shares in the market. In 2016, an International Bioeconomy Forum (IBF) aimed at improving the orientation of research in Europe and foster multilateral cooperation was formed. This forum helps in providing an informal multilateral network for countries that are engaged in the development of a bio-based economy.”

According to the report, one driver in market is volatility in crude oil prices. The use of crude oil as a carbon feedstock for producing chemicals has dominated the industry. The oil and gas industry is one of the major suppliers of raw materials to the global platform chemicals market. The fluctuations in the crude oil prices affect the prices of the raw materials considerably, thereby affecting the costs of platform chemicals. In 2010, the price of Brent crude oil was around $77 per barrel. However, the price increased by nearly 41% in 2012. The price of crude oil per barrel decreased in the subsequent years, and by nearly 60% in 2016. In 2015, there was a significant drop in crude oil prices by almost 50% when compared with the previous year. The volatile prices of raw materials will directly affect the revenue and profit margins of the manufacturers. Vendors are compelled to seek alternative solutions to maintain their profit margins, thereby reducing the use of petroleum-derived feedstock chemicals.

Further, the report states that one challenge in market is high production cost. The US has set a goal to produce 21 billion gallons of advanced biofuels by 2022. To achieve the target, the gap between research and commercial, large-scale production of advanced biofuels must be bridged. Building a bio-refinery plant costs more than $100 million, and it takes 3-4 years to complete the construction. Achieving the national energy and climate goals will require a large, economically viable, and environmentally sustainable bio-based industry. Limitations in technology and economies of scale are some of the factors responsible for the high production cost of bio-based platform chemicals. Lack of knowledge and commercialization of bio-based platform chemicals are also expected to hinder the growth of the global bio-based platform chemicals market. The competitive and optimized value chain for the production of these chemicals and downstream products are essential for competing with petroleum-based organic chemicals.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • BASF
  • Cargill Incorporated
  • DSM
  • INEOS
  • PTT Global Chemical Public Company
  • BioAmber
  • Braskem
  • DuPont
  • GFBiochemicals
  • LyondellBasell Industries
  • Mitsubishi Chemical Holdings Corporation
  • Novozymes
  • Prinova Group
  • Qingdao Langyatai (Group)
  • Revolymer
  • Succinity
  • Yield10 Bioscience
  • ZHEJIANG GUOGUANG BIOCHEMISTRY
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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