Identification And Analysis Of The Macro And Micro Factors That Affect The North America Bio-based Platform Chemicals Market 2017-2022

Summary

Bio-based Platform Chemicals Market in North America-Segmented by Product Type, By Raw Material, and Geography-Trends and Forecasts (2017-2022). The Report is Also 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.

Description

The bio-based platform chemicals market in North America 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.

The 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 been segmented by the type of raw material into: carbohydrates, fats and oil, and lignin.

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Market Dynamics of the Bio-based Platform Chemicals Market in North America:

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

The bio-based platform chemicals market is segmented by geography as U.S.A, Canada, Mexico and others. USA is the leading consumer of bio-based platform chemicals in 2015 in North America accounting for a share of XX%.

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

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

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

Key Deliverables in the Study:

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

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