Global Bio-Based Platform Chemicals Market
The end-users of platformchemicals are chemical distributors, and industries that manufacture products ranging from detergents and cosmetics to imaging and printing chemicals, aerosols, inks, paints, toners, construction chemicals, adhesives, lubricants and fragrances.
For the production of commercial products, the conventional fossil-based base chemicals are oxidized, while bio-based platform chemicals are chemically reduced. Oxidation is a highly random process, unlike reduction, and it produces more chemical waste, even after applying good and specific catalysts. Bio-based platform chemicals can be produced at a competitive cost, are capable of allowing exploitation of the scale and scope economies, and facilitate the de-carbonization of the environment. These factors have been driving their rapid market growth, and numerous sectors are now looking to increase their renewable productspercentage.
The market restraints for these platform chemicals could be the fact that products made out them need to perform as good as the ones made out of their petrochemical equivalents.
The market is segmented in terms of:
-> Chemical Type:
--> C-3 (Glycerol; 3-Hydroxypropionic Acid)
--> C-4 (Succinic Acid; Fumaric Acid; Malic Acid; Aspartic Acid)
--> C-5 (Levulinic Acid; Glutamic Acid; Itaconic Acid; Xylitol)
--> C-6 (Sorbitol; Glucaric Acid; 2,5-Furan Dicarboxylic Acid)
-> Application: Agriculture; Bio fuels; Bio plastics; Food applications; Industrial chemicals;Pharmaceutical; and Others
Themarket is segmented geographically into North America, Europe, Asia-Pacific and LAMEA.Rapidly growing economies such as the BRIC countries are creating a competitive marketplace, as they are transitioning to green products due to a rise in oil prices, population growth, and limited availability of non-renewable resources. The ever-strengthening economic positions of market sectors like agriculture, forestry, and energy in these nations is further facilitating market penetration.
Brand owners today are strongly demanding bio-based chemicals, and opening doors to a plethora of bio-based products like food, feed, chemicals; and bioenergy such as fuel, power and heat. Countries are now reducing their over-dependency on fossil fuel imports, and diversifying their energy sources. The renewable chemical sector is taking bio-based chemicals into the mainstream to ensure performance, delivery, competitive pricing and quality. The bio economy is being commended as a second industrial revolution, and the future of versatile bio-based platform chemicals looks bright.
Some of the major players in the market include Australian Renewable Fuels Limited; BASF AG; BioAmber Inc.; Royal DSM; Mitsubishi Chemicals; Myriant Technologies LLC; Novamont S.P.A; Raizen Energia Participacoes; Tianjin Green Bio Materials Co. Ltd.; Zhejiang Hisun Biomaterials Co.
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key players
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Rest of Eastern Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on Market Segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market Dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage
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