Bio Based Chemicals Market
Bio-based Chemicals Market Forecasts to 2030 - Global Analysis By Type (Solvents, Polymers, Surfactants, Organic Acids, Adhesives, Specialty Chemicals and Other Types), Source, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Bio-Based Chemicals Market is accounted for $81.6 billion in 2024 and is expected to reach $157.7 billion by 2030 growing at a CAGR of 11.6% during the forecast period. Bio-based chemicals are derived from renewable biological sources such as plants, algae, or waste products, rather than from fossil fuels. These chemicals are produced through processes like fermentation or chemical conversion, using feedstocks like sugars, oils, or lignocellulosic materials. They aim to reduce reliance on petroleum-based inputs, lower greenhouse gas emissions, and promote sustainable practices.
Market Dynamics:
Driver:
Rising demand for sustainable products
The market is experiencing a significant rise in demand driven by increasing consumer and regulatory pressure for sustainable products. Companies are focusing on developing bio-based alternatives to traditional petrochemical products to reduce carbon footprints. This shift towards sustainable solutions is supported by advancements in technology and growing awareness of climate change. They offer a greener option, meeting the needs of environmentally conscious consumers and aligning with global sustainability goals.
Restraint:
Technological challenges
Scaling up laboratory innovations to industrial levels often proves difficult and costly. Additionally, achieving consistent quality and performance in bio-based chemicals compared to traditional petrochemical products remains a challenge. The market also struggles with limited technological infrastructure and a need for advancements in catalyst development and process optimization. Furthermore, the market faces several technological challenges, including the high cost of production due to expensive raw materials and complex processing techniques.
Opportunity:
Diversification of feedstocks
Diversification of feedstocks in the market involves utilizing a range of renewable raw materials, such as agricultural residues, forestry by-products, and even algae, to produce bio-based chemicals. By leveraging diverse feedstocks, companies can improve production efficiency, lower costs, and mitigate risks associated with supply chain disruptions. This strategy also promotes innovation and supports the development of a more resilient and eco-friendly chemical industry.
Threat:
Competition from traditional chemicals
The market faces significant challenges from traditional chemicals, primarily due to cost disparities and established production efficiencies. Traditional chemicals benefit from mature technologies and economies of scale, which result in lower prices and wider availability. In contrast, bio-based chemicals often involve higher production costs and less developed supply chains. This competitive pressure can hinder the adoption of bio-based alternatives, despite their environmental benefits, as industries may prioritize cost-effectiveness over sustainability.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the market by disrupting supply chains, leading to raw material shortages and production delays. The economic downturn reduced consumer spending, affecting demand for bio-based products. However, the crisis also accelerated the push towards sustainable solutions, as companies and consumers increasingly focused on eco-friendly alternatives. This shift prompted innovation and investment in bio-based chemicals, positioning the market for long-term growth despite short-term challenges.
The organic acids segment is expected to be the largest during the forecast period
The organic acids is expected to be the largest during the forecast period. Derived from renewable sources, these acids include lactic acid, citric acid, and acetic acid, which are essential in producing biodegradable plastics, solvents, and additives. Their eco-friendly profile and versatility drive their growing demand. As industries increasingly adopt sustainable practices, organic acids are positioned to meet the rising need for greener alternatives, supporting the expansion of the bio-based chemicals sector.
The cosmetics segment is expected to have the highest CAGR during the forecast period
The cosmetics segment is expected to have the highest CAGR during the forecast period. These cosmetics use bio-based chemicals such as natural emulsifiers, surfactants, and preservatives derived from renewable sources like plant oils and sugars. This shift not only reduces reliance on petrochemical components but also supports the growth of green chemistry. As awareness of environmental impact grows, the bio-based segment within the cosmetics industry continues to expand, driving innovation and consumer preference.
Region with largest share:
North America is projected to hold the largest market share during the forecast period driven by the shift toward sustainable packaging and automotive components. Technological advancements in biotechnology and process engineering are enhancing production efficiency and cost-effectiveness. Key drivers include the rising demand for green alternatives in industries. Additionally, stringent environmental regulations and consumer preference for eco-friendly products are accelerating the shift towards bio-based chemicals.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. This region, with its rapid industrialization and high population density, is shifting towards bio-based chemicals to reduce reliance on fossil fuels and minimize ecological impact. Additionally, favorable policies and incentives for green technology investments are enhancing market dynamics. The expansion of bio-based chemicals aligns with global sustainability goals and offers significant opportunities for businesses in the region to capitalize on the growing trend of eco-friendly products.
Key players in the market
Some of the key players in Bio-Based Chemicals market include BASF SE, Dow Inc., Braskem S.A., Cargill, Inc., NatureWorks LLC, Novozymes A/S, SABIC, Clariant AG, Kraton Corporation, Solvay S.A., Arkema S.A., Mitsubishi Chemical Corporation, LG Chem Ltd., Tate & Lyle PLC, Green Biologics Ltd., Reverdia, TotalEnergies SE and Ginkgo Bioworks.
Key Developments:
In March 2024, TotalEnergies and China Petroleum and Chemical Corporation have signed a Heads of Agreement (HoA) to jointly develop a Sustainable Aviation Fuel (SAF) production unit at a SINOPEC's refinery in China.
In February 2024, Mitsubishi Chemical released new biodegradable biopolyester resins SA916N and SA916F. Due to Mitsubishi Chemical's proprietary material design and manufacturing technology, the new product's high biomass content of more than 60%, flexibility, high tear strength and excellent processing properties are achieved and can be used in various applications.
Types Covered:
• Solvents
• Polymers
• Surfactants
• Organic Acids
• Adhesives
• Specialty Chemicals
• Other Types
Sources Covered:
• Plant-Based
• Animal-Based
• Microbial-Based
• Marine-Based
Technologies Covered:
• Fermentation
• Chemical Synthesis
• Enzymatic Processes
• Other Technologies
Applications Covered:
• Fertilizers
• Herbicides
• Biodegradable Plastics
• Cosmetics
• Lotions
• Other Applications
End Users Covered:
• Agriculture
• Packaging
• Textiles
• Automotive
• Construction
• Healthcare
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Bio-Based Chemicals Market, By Type
5.1 Introduction
5.2 Solvents
5.3 Polymers
5.4 Surfactants
5.5 Organic Acids
5.6 Adhesives
5.7 Specialty Chemicals
5.8 Other Types
6 Global Bio-Based Chemicals Market, By Source
6.1 Introduction
6.2 Plant-Based
6.3 Animal-Based
6.4 Microbial-Based
6.5 Marine-Based
7 Global Bio-Based Chemicals Market, By Technology
7.1 Introduction
7.2 Fermentation
7.3 Chemical Synthesis
7.4 Enzymatic Processes
7.5 Other Technologies
8 Global Bio-Based Chemicals Market, By Application
8.1 Introduction
8.2 Fertilizers
8.3 Herbicides
8.4 Biodegradable Plastics
8.5 Cosmetics
8.6 Lotions
8.7 Other Applications
9 Global Bio-Based Chemicals Market, By End User
9.1 Introduction
9.2 Agriculture
9.3 Packaging
9.4 Textiles
9.5 Automotive
9.6 Construction
9.7 Healthcare
9.8 Other End Users
10 Global Bio-Based Chemicals Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Dow Inc.
12.3 Braskem S.A.
12.4 Cargill, Inc.
12.5 NatureWorks LLC
12.6 Novozymes A/S
12.7 SABIC
12.8 Clariant AG
12.9 Kraton Corporation
12.10 Solvay S.A.
12.11 Arkema S.A.
12.12 Mitsubishi Chemical Corporation
12.13 LG Chem Ltd.
12.14 Tate & Lyle PLC
12.15 Green Biologics Ltd.
12.16 Reverdia
12.17 TotalEnergies SE
12.18 Ginkgo Bioworks
List of Tables
1 Global Bio-Based Chemicals Market Outlook, By Region (2022-2030) ($MN)
2 Global Bio-Based Chemicals Market Outlook, By Type (2022-2030) ($MN)
3 Global Bio-Based Chemicals Market Outlook, By Solvents (2022-2030) ($MN)
4 Global Bio-Based Chemicals Market Outlook, By Polymers (2022-2030) ($MN)
5 Global Bio-Based Chemicals Market Outlook, By Surfactants (2022-2030) ($MN)
6 Global Bio-Based Chemicals Market Outlook, By Organic Acids (2022-2030) ($MN)
7 Global Bio-Based Chemicals Market Outlook, By Adhesives (2022-2030) ($MN)
8 Global Bio-Based Chemicals Market Outlook, By Specialty Chemicals (2022-2030) ($MN)
9 Global Bio-Based Chemicals Market Outlook, By Other Types (2022-2030) ($MN)
10 Global Bio-Based Chemicals Market Outlook, By Source (2022-2030) ($MN)
11 Global Bio-Based Chemicals Market Outlook, By Plant-Based (2022-2030) ($MN)
12 Global Bio-Based Chemicals Market Outlook, By Animal-Based (2022-2030) ($MN)
13 Global Bio-Based Chemicals Market Outlook, By Microbial-Based (2022-2030) ($MN)
14 Global Bio-Based Chemicals Market Outlook, By Marine-Based (2022-2030) ($MN)
15 Global Bio-Based Chemicals Market Outlook, By Technology (2022-2030) ($MN)
16 Global Bio-Based Chemicals Market Outlook, By Fermentation (2022-2030) ($MN)
17 Global Bio-Based Chemicals Market Outlook, By Chemical Synthesis (2022-2030) ($MN)
18 Global Bio-Based Chemicals Market Outlook, By Enzymatic Processes (2022-2030) ($MN)
19 Global Bio-Based Chemicals Market Outlook, By Other Technologies (2022-2030) ($MN)
20 Global Bio-Based Chemicals Market Outlook, By Application (2022-2030) ($MN)
21 Global Bio-Based Chemicals Market Outlook, By Fertilizers (2022-2030) ($MN)
22 Global Bio-Based Chemicals Market Outlook, By Herbicides (2022-2030) ($MN)
23 Global Bio-Based Chemicals Market Outlook, By Biodegradable Plastics (2022-2030) ($MN)
24 Global Bio-Based Chemicals Market Outlook, By Cosmetics (2022-2030) ($MN)
25 Global Bio-Based Chemicals Market Outlook, By Lotions (2022-2030) ($MN)
26 Global Bio-Based Chemicals Market Outlook, By Other Applications (2022-2030) ($MN)
27 Global Bio-Based Chemicals Market Outlook, By End User (2022-2030) ($MN)
28 Global Bio-Based Chemicals Market Outlook, By Agriculture (2022-2030) ($MN)
29 Global Bio-Based Chemicals Market Outlook, By Packaging (2022-2030) ($MN)
30 Global Bio-Based Chemicals Market Outlook, By Textiles (2022-2030) ($MN)
31 Global Bio-Based Chemicals Market Outlook, By Automotive (2022-2030) ($MN)
32 Global Bio-Based Chemicals Market Outlook, By Construction (2022-2030) ($MN)
33 Global Bio-Based Chemicals Market Outlook, By Healthcare (2022-2030) ($MN)
34 Global Bio-Based Chemicals Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
