세계의 바이오 플랫폼 화학제품 시장 예측 : 제품 유형별, 원료별, 용도별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Bio-Based Platform Chemicals Market is accounted for $81.6 billion in 2024 and is expected to reach $157.7 billion by 2030 growing at a CAGR of 11.6% during the forecast period. Bio-based platform chemicals are pivotal in transitioning to a sustainable and circular bioeconomy. Derived from renewable biomass, these chemicals serve as fundamental building blocks for a wide range of products, including plastics, fuels, and pharmaceuticals. Key bio-based platform chemicals include succinic acid, lactic acid, and 5-hydroxymethylfurfural (HMF), each offering distinct functionalities and applications. Advances in biotechnology and green chemistry are enhancing the efficiency and cost-effectiveness of producing these chemicals from biomass.

According to Cosmetics Europe, the personal care association, Europe's 500 million consumers use cosmetic and personal care products every day to protect their health, enhance their well-being and boost their self-esteem, ranging from antiperspirants, fragrances, make-up, and shampoos, to soaps, sunscreens and toothpaste, and cosmetics with bio-based platform chemicals.

Market Dynamics:

Driver:

Growing environmental concerns

Bio-based chemicals are derived from renewable biomass like plants and algae, unlike traditional chemicals from fossil fuels. This reduces dependence on finite resources and promotes a more sustainable chemical industry. Production of bio-based chemicals generally has a lower carbon footprint compared to traditional methods. This aligns with global efforts to combat climate change. Thus consumers are increasingly environmentally conscious and seek sustainable products. Bio-based chemicals used in consumer goods like packaging, clothing, and personal care products cater to this growing demand.

Restraint:

Higher production costs

The production of bio-based platform chemicals often involves complex processes, requiring specialized equipment and technology. Additionally, sourcing renewable biomass feedstocks may be more expensive than traditional fossil fuels. These factors contribute to higher production costs compared to their petrochemical counterparts. As a result, bio-based platform chemicals may be less competitive in price-sensitive markets, hindering market penetration and adoption rates.

Opportunity:

Expanding application areas

As bio-based platform chemicals find use in a wider range of industries, the overall demand for these products is bound to increase. This diversification opens entirely new markets beyond traditional uses in polymers and biofuels. Imagine bio-based chemicals being used in everyday products like clothing, cosmetics, and food additives. This creates a ripple effect, stimulating production and boosting the market size.

Threat:

Feedstock availability and sustainability

As demand for bio-based platform chemicals grows, competition for biomass feedstocks intensifies, potentially leading to shortages and price volatility. Additionally, reliance on specific agricultural or forestry feedstocks can raise concerns about land use change, deforestation, and competition with food production, compromising the sustainability credentials of bio-based chemicals. Moreover, fluctuations in feedstock availability due to weather conditions, market dynamics, and geopolitical factors can disrupt supply chains and production schedules, leading to inefficiencies and increased costs for manufacturers.

Covid-19 Impact

While disruptions in global supply chains and reduced industrial activity initially slowed market growth, the crisis has also highlighted the importance of sustainability and resilience. As governments and industries prioritize recovery efforts, there's an increased focus on green stimulus packages and sustainable practices, driving demand for bio-based alternatives. Additionally, the pandemic has accelerated trends towards circular economy principles and reduced reliance on fossil fuels, creating opportunities for bio-based platform chemicals.

The bio succinic acid segment is expected to be the largest during the forecast period

The bio succinic acid is expected to be the largest during the forecast period because as a renewable alternative to petroleum-derived succinic acid, it offers numerous environmental benefits, including reduced greenhouse gas emissions and decreased reliance on fossil fuels. Its versatile applications across various industries, such as pharmaceuticals, polymers, and food additives, drive demand for sustainable alternatives. Additionally, government initiatives and regulations promoting bio-based products further stimulate market growth.

The sugarcane and sugar beet segment is expected to have the highest CAGR during the forecast period

The sugarcane and sugar beet segment is expected to have the highest CAGR during the forecast period contributing to the production of bio-based chemicals like ethanol, succinic acid, and lactic acid. Their high sugar content and widespread cultivation make them ideal renewable resources for bio-based chemical production. The utilization of sugarcane and sugar beet as feedstocks reduces reliance on fossil fuels, mitigates greenhouse gas emissions, and promotes sustainable agricultural practices.

Region with largest share:

North America is projected to hold the largest market share during the forecast period due to factors such as shifting emphasis towards the use of sustainable products, the emergence of low-cost feedstock, and innovations in the Bio-based sector are surging the demand in the region. Moreover the market in the region is primarily driven by shifting preference of consumers towards Bio-based products and the changing policies regarding environment protection. In addition, rising incorporation of bio plastics by various end-use industries in US will augment the growth of bio-based chemicals.

Region with highest CAGR:

Europe is projected to hold the highest CAGR over the forecast period owing to rising investment by European Union countries drives the growth of market in Europe to promote green and circular economy. Besides, the countries in this region promote the use of bio-based chemicals that are anticipated to surge the demand. Furthermore, the region is experiencing a decline in conventional sources, and the steps taken to increase the dependency on biological sources will boost the market growth.

Key players in the market

Some of the key players in Bio-Based Platform Chemicals market include BASF SE, ADM, AGAE Technologies, LLC, Aktin Chemicals, Inc., Braskem, Cargill, Incorporated, Champlor, DSM, DuPont, Evonik Industries, GF Biochemicals Ltd., LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, NIPPON SHOKUBAI CO., LTD., Novozymes, PTT Global Chemical Public Company Limited, Tokyo Chemical Industry Co., Ltd., Toray Industries, Inc., and Vertec BioSolvents Inc.

Key Developments:

In May 2024, BASF is offering first biomass-balanced products for its ammonia and urea portfolio. BMB ammonia derivatives portfolio with significantly lower product carbon footprint versus conventional ammonia derivatives

In May 2024, BASF expands its biomass balance portfolio for selected chemical intermediates. New range of products contribute to the replacement of fossil resources with renewable raw materials according to a certified biomass balance approach

In April 2024, ADM Animal Nutrition Expands Recall to Include 17 Additional Lots of Chicken, Swine and Rabbit Feed Products. Specific lots may contain elevated levels of magnesium, sodium, calcium and/or phosphorus; may harm chickens, swine, rabbits

Product Types Covered:

• Bio Succinic Acid
• Bio 1,4-Butanediol
• Bio Glycerol
• Bio Lactic Acid
• Bio-Based Itaconic Acid
• Bio Levulinic Acid
• Bio 5-Hydroxymethylfurfural (HMF)
• Bio Glutamic Acid
• Bio-Based Propionic Acid
• Bio-Based Fumaric Acid
• Other Product Types

Feedstocks Covered:

• Sugarcane and Sugar Beet
• Corn and Maize
• Lignocellulosic Biomass
• Vegetable Oils
• Algae
• Other Feedstocks

Applications Covered:

• Polymers
• Pharmaceuticals
• Food and Beverages
• Cosmetics and Personal Care
• Solvents
• Lubricants
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Bio-Based Platform Chemicals Market, By Product Type

• 5.1 Introduction
• 5.2 Bio Succinic Acid
• 5.3 Bio 1,4-Butanediol
• 5.4 Bio Glycerol
• 5.5 Bio Lactic Acid
• 5.6 Bio-Based Itaconic Acid
• 5.7 Bio Levulinic Acid
• 5.8 Bio 5-Hydroxymethylfurfural (HMF)
• 5.9 Bio Glutamic Acid
• 5.10 Bio-Based Propionic Acid
• 5.11 Bio-Based Fumaric Acid
• 5.12 Other Product Types

6 Global Bio-Based Platform Chemicals Market, By Feedstock

• 6.1 Introduction
• 6.2 Sugarcane and Sugar Beet
• 6.3 Corn and Maize
• 6.4 Lignocellulosic Biomass
• 6.5 Vegetable Oils
• 6.6 Algae
• 6.7 Other Feedstocks

7 Global Bio-Based Platform Chemicals Market, By Application

• 7.1 Introduction
• 7.2 Polymers
  • 7.2.1 Polyester
  • 7.2.2 Biodegradable Plastics
• 7.3 Pharmaceuticals
• 7.4 Food and Beverages
• 7.5 Cosmetics and Personal Care
• 7.6 Solvents
• 7.7 Lubricants
• 7.8 Other Applications

8 Global Bio-Based Platform Chemicals Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 BASF SE
• 10.2 ADM
• 10.3 AGAE Technologies, LLC
• 10.4 Aktin Chemicals, Inc.
• 10.5 Braskem
• 10.6 Cargill, Incorporated
• 10.7 Champlor
• 10.8 DSM
• 10.9 DuPont
• 10.10 Evonik Industries
• 10.11 GF Biochemicals Ltd.
• 10.12 LyondellBasell Industries Holdings B.V.
• 10.13 Mitsubishi Chemical Corporation
• 10.14 NIPPON SHOKUBAI CO., LTD.
• 10.15 Novozymes
• 10.16 PTT Global Chemical Public Company Limited
• 10.17 Tokyo Chemical Industry Co., Ltd.
• 10.18 Toray Industries, Inc.
• 10.19 Vertec BioSolvents Inc.