Bio-based Chemicals Market by Product Category (Platform Chemicals; Polymers for Plastics; Paints, Coatings, Inks & Dyes; Surfactants; Cosmetics & Personal Care; Adhesives; Man-made fibers, Others), by Application (Industrial, Agricultural, Pharmaceutical, Others), by By Geography (North America), by Europe (Germany, France, U.K., Italy, Rest of Europe), by Asia Pacific (China, Japan, India, Rest of Asia Pacific), by Rest of World (Brazil, Others) Forecast 2024-2032
The Bio-based Chemicals Market size was valued at USD 73.16 USD Billion in 2023 and is projected to reach USD 103.63 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Bio-based chemicals are a remarkable trend that moves the producers to eco-friendly production. Residing from the renewable biomass sources like plants, algae and garbage they have far better characteristics than the traditional petroleum- based products. The group refers to a variety of items, for instance biofuels, bioplastics, and biochemicals which find their application in the industry for instance agriculture, pharmaceuticals, and cosmetics. Their process lowers carbon emissions, leads to the use of less oil and gas, and of course, minimises the output of harmful wastes. Also, bio-based chemicals compliance with other properties such as performance characteristics often comes to rival or even excel those of synthetic products. With technology increasingly being applied to biotech field and process optimization as well, the industry becomes more and more sustainable, becoming a driving force of innovation and investment community. Emerging along with the society’s sustainability consciousness, bio-based chemicals are emerging as the key contributor in preserving a green future which is both resilient and eco-friendly.
Product Category:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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