Asia-Pacific Bio-Based Chemicals Market 2019-2028

MARKET OUTLOOK

This report infers that the Asia-Pacific bio-based chemicals market is expected to surge at a CAGR of 13.83% during the years 2019-2028. South Korea, Japan, India, China, Australia & New Zealand, ASEAN countries, and Rest of APAC collectively shape the market in this region.
In Japan, the government policies promoting the use of bioplastics, along with strategies adopted by numerous companies, are influencing the bio-based chemicals market to a large extent. According to the Agriculture Utilization Research Institute, the Japanese government launched the Kyoto Protocol that comprises strategies to promote the use of biomass to diminish global warming and fossil fuel consumption. Moreover, this policy also aims to replace conventional plastics with renewable plastic materials, which further indicates the growth of bioplastics in the country. Therefore, the rise in the consumption of bioplastics will influence the demand for bio-based chemicals, adding to the growth of the studied market in Japan.

In India, the packaging industry is expected to grow at a significant rate. Several foreign countries are considering investing in the Indian food sector, specifically in the packaging segment. Such investments indicate positive growth in the packing industry across the nation, which will further enhance the demand for biopolymers for packaging applications. Additionally, the rise in the adoption of biodegradable plastic bags by private companies and a government ban on plastic bags, influences the demand for bio-based polymers. Hence, the growth in the demand for bioplastic bags opens several growth opportunities for the bio-based chemicals market in India.

COMPETITIVE OUTLOOK

The key market enterprises include Teijin Limited, Mitsubishi Chemical Corporation, Novozymes, Braskem SA, Methanex Corporation, Abengoa SA, BASF SE, and Royal DSM NV.

1. Asia-Pacific Bio-Based Chemicals Market - Summary

2. Industry Outlook

2.1. Market Definition
2.2. Key Insights
2.2.1. Asia-Pacific is Most Promising Regional Market
2.2.2. Agriculture to Be Fastest-Growing Segment
2.2.3. Biofuels Are Market Leader in Terms of Product Segment
2.3. Impact of Covid-19 on Bio-Based Chemicals Market
2.4. Porter's Five Forces Analysis
2.4.1. Threat of New Entrants
2.4.2. Threat of Substitute
2.4.3. Bargaining Power of Buyers
2.4.4. Bargaining Power of Suppliers
2.4.5. Threat of Competitive Rivalry
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Key Impact Analysis
2.7.1. Cost
2.7.2. Availability
2.7.3. Objectives
2.7.4. Alternatives
2.7.5. Environmental Concern
2.8. Market Drivers
2.8.1. Favorable Government Policies Towards Bio-Based Products
2.8.2. Growing Use of Eco-Friendly Products Like Bioplastics
2.8.3. High Market Potential of Bio-Based Chemical Products
2.9. Market Restraints
2.9.1. Cost Constraint
2.10. Market Opportunities
2.10.1. Volatile/Uncertain Crude Oil Prices
2.10.2. Automotive Manufacturers’ Focus on Reducing Carbon Footprint
2.11. Market Challenges
2.11.1. Lack of Supply Chain Model in Raw Materials and Feedstock

3. Asia-Pacific Bio-Based Chemicals Market Outlook - by Type

3.1. Bioplastics
3.1.1. Bio-Degradable
3.1.1.1. Pla
3.1.1.2. Pha
3.1.1.3. Regenerated Cellulose
3.1.1.4. Bio-Degradable Polyester
3.1.1.5. Other Bio-Degradable Plastics
3.1.2. Non-Biodegradable
3.1.2.1. Bio Pet
3.1.2.2. Bio Pe
3.1.2.3. Bio Pa
3.1.2.4. Other Non-Biodegradable Plastics
3.2. Biofuels
3.2.1. Bio-Diesel
3.2.2. Biogas
3.2.3. Solid Biomass

4. Asia-Pacific Bio-Based Chemicals Market Outlook - by End-Users

4.1. Industrial Chemical
4.1.1. Succinic Acid
4.1.2. Alcohol
4.1.3. Bio-Based Dyes
4.1.4. Lactic Acid
4.1.5. Glycerol
4.1.6. Acrylic Acid
4.1.7. Other Industrial Chemicals
4.2. Pharmaceuticals
4.2.1. Enzymes
4.2.2. Amino Acid
4.2.3. Vitamins & Related Compounds
4.2.4. Antibiotics
4.2.5. Other Pharmaceuticals
4.3. Food Products
4.3.1. Alcoholic Beverages
4.3.2. Other Food Products
4.4. Agriculture
4.4.1. Bio-Fertilizers
4.4.2. Biopesticides
4.4.3. Other Agriculture

5. Asia-Pacific Bio-Based Chemicals Market - Regional Outlook

5.1. China
5.2. Japan
5.3. India
5.4. South Korea
5.5. Asean Countries
5.6. Australia & New Zealand
5.7. Rest of Asia-Pacific

6. Competitive Landscape

6.1. Abengoa Sa
6.2. Basf Se
6.3. Braskem Sa
6.4. Cargill Incorporated
6.5. Corbion Nv
6.6. Danimer Scientific Inc
6.7. Methanex Corporation
6.8. Mitsubishi Chemical Corporation
6.9. Mitsui & Co Ltd
6.10. Natureworks LLC
6.11. Novozymes
6.12. PTT Global Chemical Public Company Limited
6.13. Royal Dsm Nv
6.14. Teijin Limited

7. Research Methodology & Scope

7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology

Table List

Table 1: Asia-Pacific Bio-Based Chemicals Market, by Country, 2019-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: Some of the Policies Related to Bioplastics in Key Countries
Table 4: Various Initiatives Taken by Different Countries
Table 5: Market Potential in Terms of Chemical by Various Companies
Table 6: World Bio-Based Market Penetration 2010-2025
Table 7: Automotive Manufacturers Using Biopolymers in Their Manufacturing
Table 8: Applications of Glycerol
Table 9: Application of Amino Acids
Table 10: Categories of Alcoholic Beverages
Table 11: Instances of Bio-Fertilizers
Table 12: Benefits of Biopesticides and Its Factors
Table 13: Asia-Pacific Bio-Based Chemicals Market, by Type, 2019-2028 (In $ Million)
Table 14: Asia-Pacific Bio-Based Chemicals Market, by Bioplastics, 2019-2028 (In $ Million)
Table 15: Asia-Pacific Bio-Based Chemicals Market, by Bio-Degradable Plastics, 2019-2028 (In $ Million)
Table 16: Asia-Pacific Bio-Based Chemicals Market, by Non-Biodegradable Plastics, 2019-2028 (In $ Million)
Table 17: Asia-Pacific Bio-Based Chemicals Market, by Biofuels, 2019-2028 (In $ Million)
Table 18: Asia-Pacific Bio-Based Chemicals Market, by End-User, 2019-2028 (In $ Million)
Table 19: Asia-Pacific Bio-Based Chemicals Market, by Industrial Chemicals, 2019-2028 (In $ Million)
Table 20: Asia-Pacific Bio-Based Chemicals Market, by Pharmaceuticals, 2019-2028 (In $ Million)
Table 21: Asia-Pacific Bio-Based Chemicals Market, by Food Products, 2019-2028 (In $ Million)
Table 22: Asia-Pacific Bio-Based Chemicals Market, by Agriculture, 2019-2028 (In $ Million)
Table 23: Asia-Pacific Bio-Based Chemicals Market, by Country, 2019-2028 (In $ Million)

Figure List

Figure 1: Market Attractiveness Index
Figure 2: Key Impact Analysis
Figure 3: Region Wise Production Capability of Bioplastics in 2019 (In %)
Figure 4: Worldwide Crude Oil Price Trend 2009-2018 ($/Barrel)
Figure 5: Worldwide Production of Bioplastics 2018-2024 (In ‘000 Tons)
Figure 6: Asia-Pacific Bio-Based Chemicals Market, by Bioplastics, 2019-2028 (In $ Million)
Figure 7: Asia-Pacific Bio-Based Chemicals Market, by Bio-Degradable, 2019-2028 (In $ Million)
Figure 8: Asia-Pacific Bio-Based Chemicals Market, by Pla, 2019-2028 (In $ Million)
Figure 9: Asia-Pacific Bio-Based Chemicals Market, by Pha, 2019-2028 (In $ Million)
Figure 10: Asia-Pacific Bio-Based Chemicals Market, by Regenerated Cellulose, 2019-2028 (In $ Million)
Figure 11: Asia-Pacific Bio-Based Chemicals Market, by Bio-Degradable Polyester, 2019-2028 (In $ Million)
Figure 12: Asia-Pacific Bio-Based Chemicals Market, by Other Bio-Degradable Plastics, 2019-2028 (In $ Million)
Figure 13: Asia-Pacific Bio-Based Chemicals Market, by Non-Biodegradable, 2019-2028 (In $ Million)
Figure 14: Asia-Pacific Bio-Based Chemicals Market, by Bio Pet, 2019-2028 (In $ Million)
Figure 15: Asia-Pacific Bio-Based Chemicals Market, by Bio Pe, 2019-2028 (In $ Million)
Figure 16: Asia-Pacific Bio-Based Chemicals Market, by Bio Pa, 2019-2028 (In $ Million)
Figure 17: Asia-Pacific Bio-Based Chemicals Market, by Other Non-Biodegradable Plastics, 2019-2028 (In $ Million)
Figure 18: Asia-Pacific Bio-Based Chemicals Market, by Biofuels, 2019-2028 (In $ Million)
Figure 19: Asia-Pacific Bio-Based Chemicals Market, by Bio-Diesel, 2019-2028 (In $ Million)
Figure 20: Asia-Pacific Bio-Based Chemicals Market, by Biogas, 2019-2028 (In $ Million)
Figure 21: Asia-Pacific Bio-Based Chemicals Market, by Solid Biomass, 2019-2028 (In $ Million)
Figure 22: Asia-Pacific Bio-Based Chemicals Market, by Industrial Chemical, 2019-2028 (In $ Million)
Figure 23: Asia-Pacific Bio-Based Chemicals Market, by Succinic Acid, 2019-2028 (In $ Million)
Figure 24: Asia-Pacific Bio-Based Chemicals Market, by Alcohol, 2019-2028 (In $ Million)
Figure 25: Asia-Pacific Bio-Based Chemicals Market, by Bio-Based Dyes, 2019-2028 (In $ Million)
Figure 26: Asia-Pacific Bio-Based Chemicals Market, by Lactic Acid, 2019-2028 (In $ Million)
Figure 27: Asia-Pacific Bio-Based Chemicals Market, by Glycerol, 2019-2028 (In $ Million)
Figure 28: Asia-Pacific Bio-Based Chemicals Market, by Acrylic Acid, 2019-2028 (In $ Million)
Figure 29: Asia-Pacific Bio-Based Chemicals Market, by Other Industrial Chemicals, 2019-2028 (In $ Million)
Figure 30: Asia-Pacific Bio-Based Chemicals Market, by Pharmaceuticals, 2019-2028 (In $ Million)
Figure 31: Asia-Pacific Bio-Based Chemicals Market, by Enzymes, 2019-2028 (In $ Million)
Figure 32: Asia-Pacific Bio-Based Chemicals Market, by Amino Acid, 2019-2028 (In $ Million)
Figure 33: Asia-Pacific Bio-Based Chemicals Market, by Vitamins & Related Compounds, 2019-2028 (In $ Million)
Figure 34: Asia-Pacific Bio-Based Chemicals Market, by Antibiotics, 2019-2028 (In $ Million)
Figure 35: Asia-Pacific Bio-Based Chemicals Market, by Other Pharmaceuticals, 2019-2028 (In $ Million)
Figure 36: Asia-Pacific Bio-Based Chemicals Market, by Food Products, 2019-2028 (In $ Million)
Figure 37: Asia-Pacific Bio-Based Chemicals Market, by Alcoholic Beverages, 2019-2028 (In $ Million)
Figure 38: Asia-Pacific Bio-Based Chemicals Market, by Other Food Products, 2019-2028 (In $ Million)
Figure 39: Asia-Pacific Bio-Based Chemicals Market, by Agriculture, 2019-2028 (In $ Million)
Figure 40: Asia-Pacific Bio-Based Chemicals Market, by Bio-Fertilizers, 2019-2028 (In $ Million)
Figure 41: Asia-Pacific Bio-Based Chemicals Market, by Biopesticides, 2019-2028 (In $ Million)
Figure 42: Asia-Pacific Bio-Based Chemicals Market, by Other Agriculture, 2019-2028 (In $ Million)
Figure 43: Asia-Pacific Bio-Based Chemicals Market, Regional Outlook, 2019 and 2028 (In %)
Figure 44: China Bio-Based Chemicals Market 2019-2028 (In $ Million)
Figure 45: Japan Bio-Based Chemicals Market 2019-2028 (In $ Million)
Figure 46: India Bio-Based Chemicals Market 2019-2028 (In $ Million)
Figure 47: South Korea Bio-Based Chemicals Market 2019-2028 (In $ Million)
Figure 48: Asean Countries Bio-Based Chemicals Market 2019-2028 (In $ Million)
Figure 49: Australia & New Zealand Bio-Based Chemicals Market 2019-2028 (In $ Million)
Figure 50: Rest of Asia-Pacific Bio-Based Chemicals Market 2019-2028 (In $ Million)