Bio-Based Chemicals Market Leading Growth Drivers, Emerging Audience, Global Segments, Sales, Profits & Regional Study 2023

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Bio-Based Chemicals Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Bio-Based Chemicals Market Research Report-
Forecast to 2023
Bio-Based Chemicals Market - Overview
The Global Bio-Based Chemicals Market is
estimated to be valued at USD 97,267.0 million by
2023 and record a CAGR of 10.47 during the
forecast period. According to the US
Environmental Protection Agency (US EPA), the
Chemical Industry was responsible for over 20 of
the industrial greenhouse gas emissions in 2017.
Environmental concerns due to uncontrolled
emissions from the chemical industry have led to
the imposition of regulations over the use of
synthetic chemicals, which is expected to create
growth opportunities for the players operating in
the Global Bio-Based Chemicals Market. With the
advent of Bio-Based Chemicals, the production of
chemicals through the synthetic medium is
declining. However, volatile raw material prices
of Bio-based Chemicals are expected to be a
restraining factor for the growth of the global
market during the forecast period.
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Bio-Based Chemicals Market Research Report-
Forecast to 2023
Segmental Analysis
According to MRFR analysis, the Global Bio-Based
Chemicals Market has been segmented based on
Type, Applications and Region. By Type, the
Global Bio-Based Chemicals Market has been
categorized into bioplastics, bio-lubricants,
bio-solvents, bio-surfactants, bio-based acids,
bio-alcohols, and others. Among these, the
bio-alcohols segment accounted for the largest
share of 41.7 by value in 2018 predominantly due
to the large-scale adoption of bio-ethanol in
industrial as well as potable applications.
Industrial applications of bio-ethanol include
manufacturing of flavors and aromas,
pharmaceutical formulations, and cosmetics and
personal care formulations. The high demand for
other bio-alcohols such as sorbitol, xylitol,
bio-methanol, and bio-butanol in the food
beverage, pharmaceutical, and cosmetics
personal care industries is also expected to
support the growth of the segment. The
bio-alcohols segment is expected to register a
CAGR of 9.89 during the forecast period. On the
basis of Application, the Global Bio-Based
Chemicals Market has been classified into
agriculture, automotive, personal care, food
beverage, packaging, detergents and cleaners,
paints and coating, adhesives and sealants,
pharmaceuticals, paint dispersion, and others.
The food beverage segment accounted for the
largest share of 26.2 by value in 2018 due to
the high demand for bio-plastics, bio-solvents,
bio-alcohols, bio-surfactants, and bio-based
acids, which find a wide range of applications in
the food beverage industry. The growing food
beverage industry due to changing food habits,
increasing disposable income, and changing
lifestyles are projected to boost the demand for
bio-based chemicals during the forecast period.
However, pharmaceutical application segment is
expected to register the highest CAGR during the
forecast period. View Full Press Release _at_
https//www.marketresearchfuture.com/reports/bio-b
ased-chemicals-market-5706
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Bio-Based Chemicals Market Research Report-
Forecast to 2023
Regional Outlook
Geographically, the Global Bio-Based Chemicals
Market has been segmented into Asia Pacific,
Europe, North America, Latin America, and the
Middle East Africa. As per MRFR analysis, the
European market was the dominant regional market,
accounting for the largest share of 33.75 in
2018, and is expected to register a CAGR of
10.85 during the forecast period. Europe is
followed by Asia-Pacific, which accounted for the
second-largest share of the Global Bio-Based
Chemicals Market in 2018. The North American
market is expected to exhibit a CAGR of 9.79
during the forecast period. The Latin American
and the Middle East African markets are also
likely to witness considerable growth during the
forecast period, 20182023.
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Bio-Based Chemicals Market Research Report-
Forecast to 2023
Major Players in this Research

• Bio-Based Chemicals Market Prominent Players
• BASF SE (Germany)
• Vertec BioSolvents (US)
• AGAE Technologies, LLC (US)
• TOTAL (France)
• BioAmber Inc (US)
• Archer Daniels Midland Company (US)
• DowDuPont (US)
• Braskem SA (Brazil)
• Evonik Industries (Germany)
• Toray Industries Inc (Japan)
• Itaconix PLC (UK)
• GFBiochemicals Ltd (UK)
• Mitsubishi Chemical Corporation (Japan) and Royal
  DSM NV (The Netherlands)

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