Bio-Based Chemicals Market Research, Growth Opportunities, Analysis and Forecasts to 2023

1. Bio-Based Chemicals Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt.) Ltd.)

2. Bio-Based Chemicals Market Research Report- Forecast to 2023 Bio-Based Chemicals Market -Overview Bio-Based Chemicals are generally produced by using renewable sources like sugarcane, corn, vegetable oil, sugar beet, grains, wheat and other cereals, and lignocellulosic biomass. The products which are manufactured by using bio-based chemicals are eco-friendly and does not release toxic emissions when disposed of. The Global Bio-Based Chemicals Market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 10.47%, surpassing a valuation of USD 97.2 billion during the forecast period (2018-2023). The major factor driving the Bio-Based Chemicals Market is the strict government mandates associated with the use of synthetic chemicals, especially in developed nations. The surging application of bio-based alcohols in the F&B segment is also triggering the demand from the market. The mounting demand for bio-based lubricants in the transportation and automotive sectors are also predicted to create growth opportunities for the market in the coming years. With the rising focus on production cost optimization with the help of technological innovations, the market is estimated to gain prominence. Bio-alcohols find wide applications in the F&B industry, especially bioethanol. It is extensively used as an intoxicating agent in the production of alcohol beverages like brandy, vodka, rum, gin, whiskey, tequila, fortified and unfortified wine, beer, and others. It is also used to concentrate and extract aromas and flavors, which are used as a flavoring agent in the F&B industry. The high demand from the F&B industry will induce the growth of the market in the coming years. On the contrary, the fluctuating prices of raw materials are one of the major concerns deterring the market growth across the globe. www.marketresearchfuture.com

3. Bio-Based Chemicals Market Research Report- Forecast to 2023 Segmental Analysis The Bio-Based Chemicals Market has been segmented based on Type and Application. By Type, the market is segmented into bio-lubricants, bioplastics, bio-alcohols, bio-solvents, bio-surfactants, and bio-based acids. Of these, the bio-alcohols segment will register the largest share of 41.7%, owing to the large-scale adoption of bioethanol in potable as well as industrial applications. Industrial applications of bioethanol comprise manufacturing of aromas and flavors, cosmetics and personal care formulations, and pharmaceutical formulations. The Application Segment comprises pharmaceuticals, food & beverage, agriculture, and packaging. Of these, the food & beverage segment is predicted to showcase the largest share of 26.2%. The segment was valued at USD 15,494.6 million in 2018 and is expected to garner a CAGR of 8.79% by the end of 2023. View Full Press Release @ https://www.marketresearchfuture.com/reports/bio-based-chemicals-market-5706 www.marketresearchfuture.com

4. Bio-Based Chemicals Market Research Report- Forecast to 2023 Regional Outlook Geographically, the Bio-Based Chemicals Market spans across Europe, Asia Pacific, Latin America, North America, and the Middle East & Africa. Considering the Global Scenario, Europe acquired the largest share in the global market and accounted for 33.75% in 2018. The region was valued at USD 19,950.8 million in 2018 and is estimated to garner a CAGR of 10.85% by the end of 2023, mainly due to the strict environment regulatory policies in the region. In this region, Germany acquired the largest shared in 2018 and is predicted to garner the highest CAGR of 12.34% by the end of 2023. The government in Europe is highly focusing on the development of bio-based sector and several policies and strategies in order to achieve sustainable economic growth. This is predicted to trigger product demand in the market. The Asia Pacific has managed to seize the second largest share due to the rapid industrial growth, coupled with favorable regulatory policies, especially in the emerging countries of the region. The market in the APAC will register the highest CAGR of 11.32% by 2023, with China accounting for the largest share. Meanwhile, India is likely to register a CAGR of 11.40% by 2023. www.marketresearchfuture.com

5. Bio-Based Chemicals Market Research Report- Forecast to 2023 Major Players in this Research Bio-Based Chemicals Market Prominent Players: • VertecBioSolvents (US) • BASF SE (Germany) • TOTAL (France) • AGAE Technologies, LLC (US) • Archer Daniels Midland Company (US) • BioAmber Inc (US) • Braskem SA (Brazil) • DowDuPont (US) • Toray Industries Inc (Japan) • Evonik Industries (Germany) • Itaconix PLC (UK) • GFBiochemicals Ltd (UK) and Royal DSM NV (The Netherlands) Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5706 www.marketresearchfuture.com

6. ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. www.marketresearchfuture.com

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