Bio-Based Chemical Market Report: Trends, Forecast and Competitive Analysis to 2030

Bio-Based Chemical Trends and Forecast

The future of the global bio-based chemical market looks promising with opportunities in the food & beverage, agriculture, automotive, personal care, packaging, detergent & cleaner, paint & coating, adhesives & sealant, pharmaceutical, and paint dispersion markets. The global bio-based chemical market is expected to reach an estimated $137.2 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing consumer demand for eco-friendly products, stringent environmental regulations, and dependence on fossil fuels and environmental concerns.

A more than 150-page report is developed to help in your business decisions.

Bio-Based Chemical by Segment

The study includes a forecast for the global bio-based chemical by product, application, and region.

Bio-Based Chemical Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Bio-Lubricants
• Bio-Solvents
• Bio-Alcohols
• Bio-Based Acids
• Others

Bio-Based Chemical Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Food & Beverages
• Agriculture
• Automotive
• Personal Care
• Packaging
• Detergents & Cleaner
• Paints & Coating
• Adhesives & Sealants
• Others

Bio-Based Chemical Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Bio-Based Chemical Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bio-based chemical companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bio-based chemical companies profiled in this report include-

• Integra BASF
• Cargill
• DSM
• Champlor
• Mitsubishi Chemical
• Braskem
• Vertec BioSolvents
• Genomatica
• DowDuPont
• Toray Industries

Bio-Based Chemical Market Insights

Lucintel forecasts that bio-alcohol will remain the largest segment over the forecast period due to growing demand from major end-use sectors such as food and beverage, pharmaceutical, cosmetics, and personal care.

Within this market, paint & coating will remain the largest segment due to growing demand for environmentally friendly and sustainable substitutes for conventional petroleum-based chemicals.

APAC is expected to witness highest growth over the forecast period due to growing agricultural sector and increasing awareness towards sustainability & environmental concerns in the region.

Features of the Global Bio-Based Chemical Market

Market Size Estimates: Bio-based chemical market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Bio-based chemical market size by product, application, and region in terms of value ($B).

Regional Analysis: Bio-based chemical market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the bio-based chemical market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bio-based chemical market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the bio-based chemical market size?

Answer: The global bio-based chemical market is expected to reach an estimated $137.2 billion by 2030.

Q2. What is the growth forecast for bio-based chemical market?

Answer: The global bio-based chemical market is expected to grow with a CAGR of 7.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the bio-based chemical market?

Answer: The major drivers for this market are growing consumer demand for eco-friendly products, stringent environmental regulations and dependence on fossil fuels and environmental concerns.

Q4. What are the major segments for bio-based chemical market?

Answer: The future of the bio-based chemical market looks promising with opportunities in the food & beverage, agriculture, automotive, personal care, packaging, detergent & cleaner, paint & coating, adhesives & sealant, pharmaceutical, and paint dispersion markets.

Q5. Who are the key bio-based chemical market companies?

Answer: Some of the key bio-based chemical companies are as follows.

• Integra BASF
• Cargill
• DSM
• Champlor
• Mitsubishi Chemical
• Braskem
• Vertec BioSolvents
• Genomatica
• DowDuPont
• Toray Industries

Q6. Which bio-based chemical market segment will be the largest in future?

Answer: Lucintel forecasts that bio-alcohol will remain the largest segment over the forecast period due to growing demand from major end-use sectors such as food and beverage, pharmaceutical, cosmetics, and personal care.

Q7. In bio-based chemical market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing agricultural sector and increasing awareness towards sustainability & environmental concerns in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the bio-based chemical market by product (bio-lubricants, bio-solvents, bio-alcohols, bio-based acids, and others), application (food & beverages, agriculture, automotive, personal care, packaging, detergents & cleaner, paints & coating, adhesives & sealants, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?