Market Research Report
Europe Bio-based Chemicals Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||633751|
|Published||Content info||104 Pages
Delivery time: 1-2 business days
|Europe Bio-based Chemicals Market Forecast 2019-2027|
|Published: February 5, 2019||Content info: 104 Pages||
Increasing use by the end user industries like pulp and paper, packaging, fermentation, transport etc., along with EU commission initiatives, industrial policies and regulatory mandates are all contributing to the growth of the Europe bio-based chemicals market. The market is all set to rise at a CAGR of 15.13% over the forecast period of 2019-2027.
To make the economy more sustainable and reduce its dependency on petroleum products, Europe is giving priority to high potential bio-based chemicals sector. Also, the competitiveness of the bio-based chemical industry in Europe is increasing due to the high energy prices and US shale gas revolution. The Netherland bio-based market accounted for the highest revenue share in 2017. Government initiatives to reduce the use of chemical fertilizers in the country and replace them with biofertilizers are benefiting the expansion of its bio-based chemicals market. Other markets analysed for this region include Germany, Italy, UK, France, Spain and the Rest of Europe. European industrial bioenergy initiative (EIBI), is a plan aiming to facilitate the bioenergy value chains in Europe that will strengthen Europe's position in the bio-based chemicals market in the world.
Companies like Corbion NV, BASF SE, Royal DSM NV, Bioamber Inc., Abengoa, S.A., Cargill Incorporated, Zhejiang Hisun Biomaterials Co., Ltd., Synbra, Mitsui & Co., Ltd., Methanex Corporation, GC Innovation America, Natureworks LLC, Teijin Limited, Danimer Scientifican Inc., Braskem, Yield10 Bioscience, Novozymes A.S., PTT Global and Mitsubishi Chemical Holdings Corporation have established themselves in this market.