Bio-based Chemicals Market Challenges, Drivers, Outlook, Growth Opportunities - Analysis to 2029

Bio-based Chemicals Market size was valued at US$ 82.37 Bn in 2022 and the total revenue is expected to grow at 161.03 Mn By 2029, CAGR of 10.05% during forecast period.


Report Scope:

The report on the  Bio-based Chemicals Market provides a comprehensive analysis of the impact of the COVID-19 lockdown on market leaders, followers, and disrupters. Different regions and segments experienced varying impacts due to the pandemic-induced lockdowns, and the report examines both the short-term and long-term effects on the market. Decision-makers can leverage this information to prepare strategies for companies by region, taking into account the pandemic's implications.

The market is segmented based on products into Injector Systems, Consumables, and Accessories, and based on applications into Interventional Radiology, Interventional Cardiology, and Radiology. Furthermore, the end-users of the  Bio-based Chemicals  s include Diagnostics Centers, Clinics, Hospitals, and Others.

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Research Methodology:

The research methodology employed for this report involves rigorous data collection, analysis, and validation to ensure the accuracy and reliability of the findings. Extensive primary and secondary research methods were used to gather relevant data and insights. The report provides a comprehensive analysis of key players operating in the global  Bio-based Chemicals  market.


The bio-based chemicals market is segmented into bioplastics, lubricants, solvents, alcohols, acids, and surfactants based on type. In terms of volume, the bio-alcohols segment held the highest share in 2021 with more than 42.7%. Bio-ethanol is used in industry for the production of fragrances, the blending of medications for cosmetics, and personal care products. The market is divided into food and beverage, medicines, agricultural, and packaging based on application. Due to changing lifestyles, rising disposable income, and increased dietary preferences, the food and beverage category is expected to increase to US$ 16.49 billion in 2021 from its current volume share of more than 26.2%.

by Type

Bio-Based Acids

by Application

Food Beverage

Key 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)
• Cargill, Incorporated (US)
• Itaconix PLC (UK)
• GFBiochemicals Ltd (UK)
• Mitsubishi Chemical Corporation (Japan)
• Royal DSM NV (The Netherlands)
• Eastman Chemical Company
• Corbion
• UPM Biochemicals
• Tate Lyle Bio Products Company LLC
• IP Group Plc
• Parchem fine specialty chemicals Inc.

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Key questions answered in the  Bio-based Chemicals  Market are:

  • What is  Bio-based Chemicals  ?
  • What are the factors driving the  Bio-based Chemicals  Market growth?
  • What are the factors are limiting the  Bio-based Chemicals  Market growth?
  • What was the  Bio-based Chemicals  market size in 2023?
  • Which trends are expected to generate additional revenue for the  Bio-based Chemicals  market growth?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the  Bio-based Chemicals  Market?
  • What growth strategies are the players considering to increase their foothold in the  Bio-based Chemicals  Market?
  • Who held the largest market share in the  Bio-based Chemicals  Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2023 to 2029)
  • Past Pricing and price curve by region (2023 to 2029)
  • Market Size, Share, Size Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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shital chaudhari

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