Bio-based Platform Chemicals Market to Grow with a CAGR of 4.38% through 2030
Surge in
research and development activities is expected to drive the Global Bio-based
Platform Chemicals Market growth in the forecast period, 2026-2030.
According to
TechSci Research report, “Bio-based Platform Chemicals Market - Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the Global Bio-based Platform Chemicals Market stood at USD 12.45 Billion in
2024 and is anticipated to grow with a CAGR of 4.38% through 2030. Initiatives
taken by government based on bio-based platform chemicals has led to favorable
market conditions for the Global Bio-based Platform Chemicals Market. Several
factors contribute to the growth of various bio-based platform chemicals products.
Many countries
have introduced national bioeconomy strategies to promote the production and
use of renewable, bio-based products. For example, the European Union’s
Bioeconomy Strategy encourages the development of sustainable and circular
value chains, including bio-based chemicals. Similarly, the United States
Department of Agriculture (USDA) supports bio-based innovation through its
BioPreferred Program, which increases the visibility and procurement of
bio-based products.
A notable driver of growth in the global bio-based platform chemicals market is the surge in research and development (R&D) activities aimed at improving production efficiency, expanding product applications, and enhancing the commercial viability of bio-based alternatives. As global industries shift toward more sustainable and environmentally friendly solutions, significant investments are being made in the development of advanced biotechnological processes such as microbial fermentation, enzymatic catalysis, and biomass conversion.
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Bio-based Platform Chemicals Market”
The Global Bio-based
Platform Chemicals Market is segmented into product, regional distribution, and
company.
Based
on Product, Malic Acid have emerged as the dominating segment in the Global Bio-based
Platform Chemicals Market in 2024. This is due to its broad functional
benefits, high demand across multiple industries, and favorable regulatory
acceptance. Naturally derived from renewable sources, bio-based malic acid is
widely used as an acidulant and flavor enhancer in the food and beverage industry,
which represents a major end-use segment. Its application extends further into
pharmaceuticals, personal care, and agriculture, where it serves as a pH
regulator, chelating agent, and buffering compound.
Based on Region,
Asia Pacific have emerged as the fastest growing region in the Global Bio-based
Platform Chemicals Market in 2024. This is due to a combination of rising
industrial demand, government support for sustainable development, and
increasing availability of biomass resources. Rapid urbanization and
industrialization across countries such as China, India, South Korea, and
Southeast Asian nations have led to a sharp increase in the consumption of
chemicals across various sectors, including automotive, packaging, textiles,
and agriculture. This surge in demand is accelerating the shift toward more
sustainable and bio-based chemical alternatives.
Major companies
operating in Global Bio-based Platform Chemicals Market are:
- Cargill,
Incorporated
- dsm-firmenich
- GFBIOCHEMICALS
- BASF SE
- Mitsubishi
Chemical Group Corporation
- PTT Global
Chemical Public Company Limited
- DuPont
- Tate & Lyle
- Evonik
Industries AG
- Aktin Chemicals,
Inc.
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“One of the most
significant contributions of nanotechnology lies in its ability to improve
catalytic processes. The use of nanocatalysts, particularly metal-based or
enzyme-embedded nanoparticles, allows for faster and more selective biochemical
reactions during fermentation and synthesis. These nanoscale materials possess
high surface area and reactivity, which leads to increased yield of key
bio-based chemicals such as succinic acid, levulinic acid, and itaconic acid,
while also lowering energy input and reducing reaction time”, said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“Bio-based Platform Chemicals Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Succinic Acid, Malic Acid, Hydroxypropionic Acid, Glucaric Acid, 1,3-Propanediol (PDO), Glycerol, Aspartic Acid, Others), By Region and Competition, 2020-2030F”, has evaluated
the future growth potential of Global Bio-based Platform Chemicals Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Bio-based Platform Chemicals Market.
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