The Bio-Based Chemicals Market size was valued at USD 70.5 Billion in 2023. It is expected to grow to USD 167.6 Billion by 2032 and grow at a CAGR of 10.1% over the forecast period of 2024-2032.
The usage of bio-based chemicals in the packaging of consumer goods is a crucial factor driving the growth of the bio-based chemicals sector due to increased demand for sustainable, eco-friendly, and alternative solutions to conventional packaging such as plastic packaging. With consumers and businesses exercising more choice based on their carbon footprint, there is an increasing demand for biodegradable, compostable, or recyclable packaging rather than traditional petroleum-based plastics. Biobased packages from comestibles assets primarily based totally on maize starch, sugarcane, and plant fibers offer an opportunity with their slower improvement time and reduced squandering via way of means of lessening reliance upon fossil fuels. It is more prevalent in sectors like food and beverage, cosmetics, and consumer goods that are adopting bio-based materials such as polylactic acid (PLA), polyhydroxyalkanoates (PHA), and bio-based polyethylene (bio-PE).
In 2021, the U.S. Department of Agriculture (USDA) introduced a program aimed at funding the development and commercialization of bio-based products, including packaging materials.
Development of biotechnology and research & development (R&D) have highly contributed to the growth of the bio-based chemicals market. In recent years, major advances in biotechnology have enabled the cost-effective production of bio-based chemicals from renewable resources such as plant sugars, agricultural waste, or even the use of algae. Recent advances in fermentation technology, enzyme engineering, and genetic modification have enabled the large-scale production of bio-based chemicals with price parity with well-established petrochemical-based alternatives, generating a market for bio-based chemicals that can compete on performance. Such developments in microbial fermentation microorganisms harnessed to transform biomass into economically valuable chemical intermediates have made bio-based polyethylene terephthalate (PET) and bioplastics production more efficient, for example.
The U.S. Department of Energy (DOE) has been a key player in advancing biotechnology for bio-based chemical production. Through its Bioenergy Technologies Office (BETO), the DOE has invested over $200 million annually in bioenergy R&D, which includes the development of bio-based chemicals and biofuels from renewable resources.
Drivers
The growing popularity of bio-based polymers and plastics drives the market growth.
An increase in bio-based plastic and polymer production is one of the main drivers of the bio-based chemicals market, as this type of material is easier to decompose than traditional petroleum-based plastics, and consumers are more inclined to purchase a product with a lower environmental impact. A class of polymers including polylactic acid (PLA), polyhydroxyalkanoates (PHA), and bio-based polyethylene (bio-PE), among others, these bio-based polymers are produced from renewable resources (often corn, sugarcane, or algae) and are often more biodegradable than petroleum-based counterparts. This change is a result of growing awareness of the environmental issues associated with plastic waste and its negative effects on the environment and ecosystems. Consumers are increasingly becoming aware of environmental issues and focusing on bio-based plastic products, with the packaging, automotive, and textile industries looking to utilize bio-based plastics. Furthermore, several governments are starting strict initiatives on plastic ban and their disposal, which in turn, is prompting the manufacturers to shift towards bio-based materials. As an example, the emphasis on curtailing single-use plastics and recycling and sustainability initiatives of the European Union have supported demand for bio-based polymers. In addition, advances in bio-based polymer production have enhanced the efficiency and cost-effectiveness of these materials, facilitated their accessibility and commercial scalability, and fuelled their adoption. Bio-based polymers and plastics account for primary bio-based ongoing research due to the growing bio-based market potential, and it is proposed to be one of the bio-based chemical contributors for long-term development.
Restraint
Limited availability of raw materials may hamper the market growth.
Raw material availability is a crucial restraining factor of the bio-based chemicals market since the availability of raw materials directly affects the production capacity and scalability of bio-based chemicals. The precursors for bio-based chemicals are usually produced from renewable resources, such as plant sugars, agricultural residues, and biomass, Incapacity to scale the production of these precursors due to seasonal variability, competition for land, and disruptions in the supply chain. However, production of feedstocks depends on crops such as corn, sugarcane, and some soybeans which can easily experience supply outages, especially with drought, bad harvests, or priorities from agriculture changes. Other industries such as food and animal feed are competing for these raw materials, which also constrains the potential for these feedstocks in bio-based chemical production. However, the increasing demand for bio-based chemicals in sectors like packaging, automotive, and consumer goods, makes it worse, as the number of raw materials may not meet the ever-increasing demand.
By Product
Surfactants held the highest share of 32% in 2023. This is owing to extensive applications in personal care, household cleaning, agriculture, and industrial applications. Surfactants are the key components of many products, ranging from shampoos to soaps, detergents, and disinfectants that reduce interfacial tension between different phases of a reaction mixture to spread uniformly and play an important role in cleaning, emulsification, and foaming. The growing concern for the environment and the need for green and non-toxic cleaning products has driven major whitespace towards the use of bio-based surfactants, which are now produced based on renewable raw materials such as vegetable oils, sugars, fatty acids, etc. These bio-sourced surfactants equal or outperform traditional petrochemical-based surfactants but are biodegradable and less polluting. In addition, with consumers becoming more educated about environmental and health problems, they are also seeking safe and sustainable raw materials in their household & personal care goods.
By Application
Industrial held the largest market share around 52% in 2023. This is owing to the wide range of applications of bio-based chemicals in the manufacturing processes including textiles, automotive, coatings, and construction. In industrial applications, millions of tons of chemicals are needed and sustainable development has become a highly prioritized subject in the industrial field, prompting businesses to find more bio-based alternatives for achieving a lower ecological footprint. We now have bio-based chemicals, solvents, lubricants, and surfactants that perform as well or superior to their petrochemical counterparts but are made from renewable resources. This is why they would seem a target for industries wishing to comply with the draconian regulatory requirements being threatened on sustainability and carbon emissions.
Europe held the largest market share around 59% in 2023. It is specially driven by most of the well-equipped infrastructure for bio-based production. European countries, particularly those in the EU, have been leaders in the sustainability space, implementing the European Green Deal, Circular Economy Action Plan, and other policies to cut carbon and increase renewable resource use. Such regulations provide a strong push for industries to switch to bio-based chemicals by setting tight boundaries on emissions and forcing industries to migrate away from fossil-based raw material feedstock. Finally, the existing strong research and development base in Europe has led to further bio-based sector innovations, with significant public/private investments in biochemicals. It hosts several global bio-based chemicals leaders like BASF and DSM that are ramping up efforts to ensure bio alternatives find commercial footing across packaging, agriculture, and automotive sectors. Furthermore, in Europe, where there is high awareness on environmental and health concerns, there is high consumer demand for eco-friendly products. Due to the rigid government policies, increasing demand for green products, and scalable and matured R&D infrastructure, Europe ranks first in the bio-based chemicals market, and it is poised to maintain its dominant position in the bio-based chemicals market throughout the forecast period owing to the evolving sustainability objectives eventually driving the growth.
Key Players
BASF SE (Bio-based Polyethylene, Polylactic Acid)
DuPont (Bio-based Propylene Glycol, Sorona)
Cargill (Bio-based Polyurethane, Bio-based Propylene Glycol)
DSM (EcoPaXX, Bio-based Susterra Propanediol)
NatureWorks LLC (Ingeo Biopolymer, Ingeo Biocomposite)
Genomatica (Butylene Glycol, Bio-butadiene)
Braskem (Green PE, Green Polypropylene)
Corbion (Lactic Acid, PLA Resin)
Metabolic Explorer (1,3-Propanediol, Bio-based Acids)
Novozymes (Bioethanol, Bio-based Enzymes)
Evonik Industries AG (C13 and C16 Alcohols, Bio-based Surfactants)
Solvay (Bio-based Epichlorohydrin, Bio-based Polymers)
Unilever (Plant-based Surfactants, Bio-based Cleaning Products)
Algenol (Bioethanol, Algenol Biofuels)
LyondellBasell (Bio-based Polyethylene, Bio-based Butadiene)
Sucden Group (Bio-based Chemicals, Bioethanol)
Pirelli (Bio-based Rubber, Bio-based Polymers)
Arkema (Bio-based Hydrogen Peroxide, Bio-based Acrylics)
Dow Chemical (Bio-based Polyols, Bio-based Polymers)
Mitsubishi Chemical (Bio-based Polyester, Bio-based Polycarbonate)
Recent Development:
In 2024, BASF has continued to expand its portfolio of bio-based chemicals with the launch of "Verbund" sustainable solutions. The company introduced new bio-based polyamides, designed for use in automotive and industrial applications, which are derived from renewable resources.
In 2023, DSM expanded its bio-based product offerings by launching a new line of bio-based vitamin D ingredients derived from sustainable sources. DSM also partnered with Covestro to develop bio-based polymers and coatings, further strengthening its position in the bio-based chemicals market.
| Report Attributes | Details |
|---|---|
|
Market Size in 2023 |
USD 70.5 Billion |
|
Market Size by 2032 |
USD 167.61 Billion |
|
CAGR |
CAGR of 10.1% From 2024 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
• By Product (Paints, Coatings, Inks & Dyes, Surfactants, Cosmetics & Personal Care Products, Adhesives, Man-Made Fibers, Others) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
|
Company Profiles |
|
|
Key Drivers |
• The growing popularity of bio-based polymers and plastics drives the market growth. |
|
Restraints |
• Limited availability of raw materials may hamper the market growth. |
Ans: The Bio-Based Chemicals Market was valued at USD 70.5 Billion in 2023.
Ans: The expected CAGR of the global Bio-Based Chemicals Market during the forecast period is 10.1%.
Ans: The industrial application will grow rapidly in the Bio-Based Chemicals Market from 2024-2032.
Ans: The growing popularity of bio-based polymers and plastics drives the market growth.
Ans: The Europe led the Bio-Based Chemicals Market in the region with the highest revenue share in 2023.
Table Of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 By Production Capacity and Utilization, by Country, By Type, 2023
5.2 Feedstock Prices, by Country, By Type, 2023
5.3 Regulatory Impact, by l Country, By Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 By Product Benchmarking
6.3.1 By Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion Plans and New Product Launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Bio-Based Chemicals Market Segmentation, By Product
7.1 Chapter Overview
7.2 Paints, Coatings, Inks & Dyes
7.2.1 Paints, Coatings, Inks & Dyes Trends Analysis (2020-2032)
7.2.2 Paints, Coatings, Inks & Dyes Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Surfactants
7.3.1 Surfactants Market Trends Analysis (2020-2032)
7.3.2 Surfactants Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Cosmetics & Personal Care Products
7.4.1 Cosmetics & Personal Care Products Trends Analysis (2020-2032)
7.4.2 Cosmetics & Personal Care Products Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Adhesives
7.5.1 Adhesives Market Trends Analysis (2020-2032)
7.5.2 Adhesives Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Man-Made Fibers
7.6.1 Man-Made Fibers Market Trends Analysis (2020-2032)
7.6.2 Man-Made Fibers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Others
7.7.1 Others Market Trends Analysis (2020-2032)
7.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Bio-Based Chemicals Market Segmentation, by Application
8.1 Chapter Overview
8.2 Industrial
8.2.1 Industrial Market Trends Analysis (2020-2032)
8.2.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Agricultural
8.3.1 Agricultural Market Trends Analysis (2020-2032)
8.3.2 Agricultural Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Pharmaceutical
8.4.1 Pharmaceutical Market Trends Analysis (2020-2032)
8.4.2 Pharmaceutical Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Bio-Based Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.4 North America Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.5.2 USA Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.6.2 Canada Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.7.2 Mexico Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Bio-Based Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.5.2 Poland Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.6.2 Romania Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Bio-Based Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.4 Western Europe Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.5.2 Germany Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.6.2 France Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.7.2 UK Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.8.2 Italy Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.9.2 Spain Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.12.2 Austria Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Bio-Based Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.4 Asia Pacific Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.5.2 China Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.5.2 India Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.5.2 Japan Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.6.2 South Korea Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.7.2 Vietnam Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.8.2 Singapore Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.9.2 Australia Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Bio-Based Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.4 Middle East Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.5.2 UAE Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Bio-Based Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.2.4 Africa Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Bio-Based Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.4 Latin America Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.5.2 Brazil Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.6.2 Argentina Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.7.2 Colombia Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Bio-Based Chemicals Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Bio-Based Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 BASF SE
10.1.1 Company Overview
10.1.2 Financial
10.1.3 By Product / Services Offered
10.1.4 SWOT Analysis
10.2 DuPont
10.2.1 Company Overview
10.2.2 Financial
10.2.3 By Product / Services Offered
10.2.4 SWOT Analysis
10.3 Cargill
10.3.1 Company Overview
10.3.2 Financial
10.3.3 By Product / Services Offered
10.3.4 SWOT Analysis
10.4 DSM
10.4.1 Company Overview
10.4.2 Financial
10.4.3 By Product / Services Offered
10.4.4 SWOT Analysis
10.5 NatureWorks LLC
10.5.1 Company Overview
10.5.2 Financial
10.5.3 By Product / Services Offered
10.5.4 SWOT Analysis
10.6 Genomatica
10.6.1 Company Overview
10.6.2 Financial
10.6.3 By Product / Services Offered
10.6.4 SWOT Analysis
10.7 Braskem
10.7.1 Company Overview
10.7.2 Financial
10.7.3 By Product / Services Offered
10.7.4 SWOT Analysis
10.8 Corbion
10.8.1 Company Overview
10.8.2 Financial
10.8.3 By Product / Services Offered
10.8.4 SWOT Analysis
10.9 Metabolic Explorer
10.9.1 Company Overview
10.9.2 Financial
10.9.3 By Product / Services Offered
10.9.4 SWOT Analysis
10.10 Novozymes
10.10.1 Company Overview
10.10.2 Financial
10.10.3 By Product / Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product
Paints, Coatings, Inks & Dyes
Surfactants
Cosmetics & Personal Care Products
Adhesives
Man-Made Fibers
Others
By Application
Industrial
Agricultural
Pharmaceutical
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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