2017 Bio-based Platform Chemicals Market in Europe -Segmented by Product Type, By Raw Material, and Geography 2022

Summary

Bio-based Platform Chemicals Market in Europe-Segmented by Product Type, By Raw Material, and Geography-Trends and Forecasts (2017-2022)

Description

The bio-based platform chemicals market in Europe has been estimated at USD XX.XX billion in 2015  and is projected to reach USD XX.XX billion by 2020, at a CAGR of XX.XX% during the forecast period. Platform chemicals commonly referred to as building block chemicals is one of the fastest growing segment of the bio-based chemicals market. Platform chemicals are basically composed of 2-6 carbons, which are used as an intermediate in the production of various chemicals. However, due to the scarcity of fossil-based products and the rising crude oil prices have shifted the platform chemicals to use renewable resources in its production process. Moreover, the technological advancements in the bio-based products made it possible in developing microbial strains in the production of chemicals.

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Bio-based platform chemicals market is segmented by product types such as bio glycerol acid, bio glutamic acid, bio itaconic acid, bio-1,4-diacids, bio-3-hydroxypropionic acid, bio levulinic acid, bio glucaric acid, and others. The market has also ben segmented by raw material type into: carbohydrates, fats and oils, and lignin.

Market Dynamics of the Bio-based Platform Chemicals Market in Europe:

Depleting natural resources and stringent government regulations are the major drivers of the bio-based platform chemicals market in the European region. However, the market faces certain drawbacks such as the huge competition from fossil-fuel products.

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Europe is the leading consumer of bio-based platform chemicals in 2015 globally, accounting for a share of XX%, followed by North America and APAC. The huge government support towards sustainable products in Europe will open-up opportunities in the market in the coming years.

Furthermore, the shifting focus towards organic alternatives and shifting focus towards eco-friendly products and technological advancements will offer numerous opportunities in the growth of the bio-based platform chemicals market.

Some of the major companies dominating the market with its products, and continuous product

developments are:

  • Alpha Chemika
  • BASF
  • BioAmber
  • Braskem
  • INEOS
  • Itaconix Corporation
  • Lucite International Group
  • Mitsubishi Chemicals

Key Deliverables in the Study:

  • Analysis for the bio-based platform chemicals market in Europe, with region specific assessments and competition analysis on a European and regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the bio-based platform chemicals market in Europe on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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