
Bio Based Platform Chemicals Market
Bio-Based Platform Chemicals Market Forecasts to 2030 - Global Analysis By Product Type (Bio Succinic Acid, Bio 1,4-Butanediol and Other Product Types), Feedstock, Application and By Geography

According to Stratistics MRC, the Global Bio-Based Platform 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 platform chemicals are pivotal in transitioning to a sustainable and circular bioeconomy. Derived from renewable biomass, these chemicals serve as fundamental building blocks for a wide range of products, including plastics, fuels, and pharmaceuticals. Key bio-based platform chemicals include succinic acid, lactic acid, and 5-hydroxymethylfurfural (HMF), each offering distinct functionalities and applications. Advances in biotechnology and green chemistry are enhancing the efficiency and cost-effectiveness of producing these chemicals from biomass.
According to Cosmetics Europe, the personal care association, Europe's 500 million consumers use cosmetic and personal care products every day to protect their health, enhance their well-being and boost their self-esteem, ranging from antiperspirants, fragrances, make-up, and shampoos, to soaps, sunscreens and toothpaste, and cosmetics with bio-based platform chemicals.
Market Dynamics:
Driver:
Growing environmental concerns
Bio-based chemicals are derived from renewable biomass like plants and algae, unlike traditional chemicals from fossil fuels. This reduces dependence on finite resources and promotes a more sustainable chemical industry. Production of bio-based chemicals generally has a lower carbon footprint compared to traditional methods. This aligns with global efforts to combat climate change. Thus consumers are increasingly environmentally conscious and seek sustainable products. Bio-based chemicals used in consumer goods like packaging, clothing, and personal care products cater to this growing demand.
Restraint:
Higher production costs
The production of bio-based platform chemicals often involves complex processes, requiring specialized equipment and technology. Additionally, sourcing renewable biomass feedstocks may be more expensive than traditional fossil fuels. These factors contribute to higher production costs compared to their petrochemical counterparts. As a result, bio-based platform chemicals may be less competitive in price-sensitive markets, hindering market penetration and adoption rates.
Opportunity:
Expanding application areas
As bio-based platform chemicals find use in a wider range of industries, the overall demand for these products is bound to increase. This diversification opens entirely new markets beyond traditional uses in polymers and biofuels. Imagine bio-based chemicals being used in everyday products like clothing, cosmetics, and food additives. This creates a ripple effect, stimulating production and boosting the market size.
Threat:
Feedstock availability and sustainability
As demand for bio-based platform chemicals grows, competition for biomass feedstocks intensifies, potentially leading to shortages and price volatility. Additionally, reliance on specific agricultural or forestry feedstocks can raise concerns about land use change, deforestation, and competition with food production, compromising the sustainability credentials of bio-based chemicals. Moreover, fluctuations in feedstock availability due to weather conditions, market dynamics, and geopolitical factors can disrupt supply chains and production schedules, leading to inefficiencies and increased costs for manufacturers.
Covid-19 Impact
While disruptions in global supply chains and reduced industrial activity initially slowed market growth, the crisis has also highlighted the importance of sustainability and resilience. As governments and industries prioritize recovery efforts, there's an increased focus on green stimulus packages and sustainable practices, driving demand for bio-based alternatives. Additionally, the pandemic has accelerated trends towards circular economy principles and reduced reliance on fossil fuels, creating opportunities for bio-based platform chemicals.
The bio succinic acid segment is expected to be the largest during the forecast period
The bio succinic acid is expected to be the largest during the forecast period because as a renewable alternative to petroleum-derived succinic acid, it offers numerous environmental benefits, including reduced greenhouse gas emissions and decreased reliance on fossil fuels. Its versatile applications across various industries, such as pharmaceuticals, polymers, and food additives, drive demand for sustainable alternatives. Additionally, government initiatives and regulations promoting bio-based products further stimulate market growth.
The sugarcane and sugar beet segment is expected to have the highest CAGR during the forecast period
The sugarcane and sugar beet segment is expected to have the highest CAGR during the forecast period contributing to the production of bio-based chemicals like ethanol, succinic acid, and lactic acid. Their high sugar content and widespread cultivation make them ideal renewable resources for bio-based chemical production. The utilization of sugarcane and sugar beet as feedstocks reduces reliance on fossil fuels, mitigates greenhouse gas emissions, and promotes sustainable agricultural practices.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to factors such as shifting emphasis towards the use of sustainable products, the emergence of low-cost feedstock, and innovations in the Bio-based sector are surging the demand in the region. Moreover the market in the region is primarily driven by shifting preference of consumers towards Bio-based products and the changing policies regarding environment protection. In addition, rising incorporation of bio plastics by various end-use industries in US will augment the growth of bio-based chemicals.
Region with highest CAGR:
Europe is projected to hold the highest CAGR over the forecast period owing to rising investment by European Union countries drives the growth of market in Europe to promote green and circular economy. Besides, the countries in this region promote the use of bio-based chemicals that are anticipated to surge the demand. Furthermore, the region is experiencing a decline in conventional sources, and the steps taken to increase the dependency on biological sources will boost the market growth.
Key players in the market
Some of the key players in Bio-Based Platform Chemicals market include BASF SE, ADM, AGAE Technologies, LLC, Aktin Chemicals, Inc., Braskem, Cargill, Incorporated, Champlor, DSM, DuPont, Evonik Industries, GF Biochemicals Ltd., LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, NIPPON SHOKUBAI CO., LTD., Novozymes, PTT Global Chemical Public Company Limited, Tokyo Chemical Industry Co., Ltd., Toray Industries, Inc., and Vertec BioSolvents Inc.
Key Developments:
In May 2024, BASF is offering first biomass-balanced products for its ammonia and urea portfolio. BMB ammonia derivatives portfolio with significantly lower product carbon footprint versus conventional ammonia derivatives
In May 2024, BASF expands its biomass balance portfolio for selected chemical intermediates. New range of products contribute to the replacement of fossil resources with renewable raw materials according to a certified biomass balance approach
In April 2024, ADM Animal Nutrition Expands Recall to Include 17 Additional Lots of Chicken, Swine and Rabbit Feed Products. Specific lots may contain elevated levels of magnesium, sodium, calcium and/or phosphorus; may harm chickens, swine, rabbits
Product Types Covered:
• Bio Succinic Acid
• Bio 1,4-Butanediol
• Bio Glycerol
• Bio Lactic Acid
• Bio-Based Itaconic Acid
• Bio Levulinic Acid
• Bio 5-Hydroxymethylfurfural (HMF)
• Bio Glutamic Acid
• Bio-Based Propionic Acid
• Bio-Based Fumaric Acid
• Other Product Types
Feedstocks Covered:
• Sugarcane and Sugar Beet
• Corn and Maize
• Lignocellulosic Biomass
• Vegetable Oils
• Algae
• Other Feedstocks
Applications Covered:
• Polymers
• Pharmaceuticals
• Food and Beverages
• Cosmetics and Personal Care
• Solvents
• Lubricants
• Other Applications
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 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 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 Platform Chemicals Market, By Product Type
5.1 Introduction
5.2 Bio Succinic Acid
5.3 Bio 1,4-Butanediol
5.4 Bio Glycerol
5.5 Bio Lactic Acid
5.6 Bio-Based Itaconic Acid
5.7 Bio Levulinic Acid
5.8 Bio 5-Hydroxymethylfurfural (HMF)
5.9 Bio Glutamic Acid
5.10 Bio-Based Propionic Acid
5.11 Bio-Based Fumaric Acid
5.12 Other Product Types
6 Global Bio-Based Platform Chemicals Market, By Feedstock
6.1 Introduction
6.2 Sugarcane and Sugar Beet
6.3 Corn and Maize
6.4 Lignocellulosic Biomass
6.5 Vegetable Oils
6.6 Algae
6.7 Other Feedstocks
7 Global Bio-Based Platform Chemicals Market, By Application
7.1 Introduction
7.2 Polymers
7.2.1 Polyester
7.2.2 Biodegradable Plastics
7.3 Pharmaceuticals
7.4 Food and Beverages
7.5 Cosmetics and Personal Care
7.6 Solvents
7.7 Lubricants
7.8 Other Applications
8 Global Bio-Based Platform Chemicals Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 BASF SE
10.2 ADM
10.3 AGAE Technologies, LLC
10.4 Aktin Chemicals, Inc.
10.5 Braskem
10.6 Cargill, Incorporated
10.7 Champlor
10.8 DSM
10.9 DuPont
10.10 Evonik Industries
10.11 GF Biochemicals Ltd.
10.12 LyondellBasell Industries Holdings B.V.
10.13 Mitsubishi Chemical Corporation
10.14 NIPPON SHOKUBAI CO., LTD.
10.15 Novozymes
10.16 PTT Global Chemical Public Company Limited
10.17 Tokyo Chemical Industry Co., Ltd.
10.18 Toray Industries, Inc.
10.19 Vertec BioSolvents Inc.
List of Tables
1 Global Bio-Based Platform Chemicals Market Outlook, By Region (2022-2030) ($MN)
2 Global Bio-Based Platform Chemicals Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Bio-Based Platform Chemicals Market Outlook, By Bio Succinic Acid (2022-2030) ($MN)
4 Global Bio-Based Platform Chemicals Market Outlook, By Bio 1,4-Butanediol (2022-2030) ($MN)
5 Global Bio-Based Platform Chemicals Market Outlook, By Bio Glycerol (2022-2030) ($MN)
6 Global Bio-Based Platform Chemicals Market Outlook, By Bio Lactic Acid (2022-2030) ($MN)
7 Global Bio-Based Platform Chemicals Market Outlook, By Bio-Based Itaconic Acid (2022-2030) ($MN)
8 Global Bio-Based Platform Chemicals Market Outlook, By Bio Levulinic Acid (2022-2030) ($MN)
9 Global Bio-Based Platform Chemicals Market Outlook, By Bio 5-Hydroxymethylfurfural (HMF) (2022-2030) ($MN)
10 Global Bio-Based Platform Chemicals Market Outlook, By Bio Glutamic Acid (2022-2030) ($MN)
11 Global Bio-Based Platform Chemicals Market Outlook, By Bio-Based Propionic Acid (2022-2030) ($MN)
12 Global Bio-Based Platform Chemicals Market Outlook, By Bio-Based Fumaric Acid (2022-2030) ($MN)
13 Global Bio-Based Platform Chemicals Market Outlook, By Other Product Types (2022-2030) ($MN)
14 Global Bio-Based Platform Chemicals Market Outlook, By Feedstock (2022-2030) ($MN)
15 Global Bio-Based Platform Chemicals Market Outlook, By Sugarcane and Sugar Beet (2022-2030) ($MN)
16 Global Bio-Based Platform Chemicals Market Outlook, By Corn and Maize (2022-2030) ($MN)
17 Global Bio-Based Platform Chemicals Market Outlook, By Lignocellulosic Biomass (2022-2030) ($MN)
18 Global Bio-Based Platform Chemicals Market Outlook, By Vegetable Oils (2022-2030) ($MN)
19 Global Bio-Based Platform Chemicals Market Outlook, By Algae (2022-2030) ($MN)
20 Global Bio-Based Platform Chemicals Market Outlook, By Other Feedstocks (2022-2030) ($MN)
21 Global Bio-Based Platform Chemicals Market Outlook, By Application (2022-2030) ($MN)
22 Global Bio-Based Platform Chemicals Market Outlook, By Polymers (2022-2030) ($MN)
23 Global Bio-Based Platform Chemicals Market Outlook, By Polyester (2022-2030) ($MN)
24 Global Bio-Based Platform Chemicals Market Outlook, By Biodegradable Plastics (2022-2030) ($MN)
25 Global Bio-Based Platform Chemicals Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
26 Global Bio-Based Platform Chemicals Market Outlook, By Food and Beverages (2022-2030) ($MN)
27 Global Bio-Based Platform Chemicals Market Outlook, By Cosmetics and Personal Care (2022-2030) ($MN)
28 Global Bio-Based Platform Chemicals Market Outlook, By Solvents (2022-2030) ($MN)
29 Global Bio-Based Platform Chemicals Market Outlook, By Lubricants (2022-2030) ($MN)
30 Global Bio-Based Platform Chemicals Market Outlook, By Other Applications (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.