Bio-based Platform Chemicals Market
Report ID: SQMIG15E2663
Report ID: SQMIG15E2663
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Report ID:
SQMIG15E2663 |
Region:
Global |
Published Date: March, 2025
Pages:
192
|Tables:
78
|Figures:
68
Global Bio-based Platform Chemicals Market size was valued at USD 6.09 Billion in 2024 and is poised to grow from USD 6.62 Billion in 2025 to USD 12.9 Billion by 2033, growing at a CAGR of 8.7% during the forecast period (2026–2033).
Surging emphasis on sustainability around the world, fluctuations in fossil fuel prices and availability, advancements in bio-based technologies, preference for green products, corporate sustainability commitments, and establishment of new bio-refineries are helping boost sales of bio-based platform chemicals on a global level.
Increased greenhouse emissions have led to major climate change issues thereby prompting high emphasis on reducing emissions. Bio-based platform chemicals are derived from natural and renewable sources thereby making them more eco-friendly as compared to their petrochemical counterparts. High volatility in crude oil prices around the world is also pushing end users to opt for bio-based platform chemicals that have comparatively more stable pricing.
Innovations in biotechnology, including metabolic engineering and synthetic biology are estimated to create new opportunities for bio-based platform chemicals manufacturers in the long run. These innovations have also led to reduced costs of production and better yields for bio-based platform chemicals. Rising consumer preference for sustainable and green products is also a key factor promoting the adoption of bio-based platform chemicals around the world. High investments in the establishment of new bio-refineries are also slated to open up new avenues of business for market players through 2032.
As awareness regarding sustainability rises more businesses and organizations are committing to lowering their carbon footprint thereby leading them to opt for more bio-based offerings such as bio-based platform chemicals. On the contrary, high costs of production, feedstock supply challenges, lack of awareness and acceptance among end users, regulatory hurdles, competition from petrochemicals, and technical limitations of certain bio-based chemicals are predicted to hurt the global bio-based platform chemicals market growth across the study period and beyond.
Key Market Attributes
In September 2024, Exel Composites, a renowned manufacturer of composites based in Finland announced a new purchasing agreement for its ENVIREZ bio-based resin system with INEOS, a leading chemical manufacturer. The new resin is made with 23% bio-based glycol and help Exel phase out its hydrocarbon-derived resins as part of its efforts to enhance sustainability. The new bio-based resin is manufactured in the INEOS’ production site in Kilpilahti, Finland and then transported to Exel’s factories in Joensuu and Mäntyharju. Exel’s ENVIREZ platform allows for the creation of new resins using bio-based and circular feedstocks.
In August 2024, BASF, a European multinational chemical company announced its plans to offer exclusively offer bio-based Ethyl Acrylate in the future. The new bio-based Ethyl Acrylate is produced in Ludwigshafen using bioethanol exclusively as alcohol source with properties identical to its traditional fossil-based counterparts. The new bio-based chemical can be used as a drop-in alternative in polymer dispersion applications along with coatings and adhesive industry verticals.
In July 2024, ZymoChem, a leading biotechnology company focusing on a fossil-free future announced the launch of world’s first scalable bio-based and biodegradable super absorbent polymer. BAYSE is intended to act as a drop-in replacement for traditional super absorbent polymers and is made from renewable resources. The new launch is part of ZymoChem’s effort to create a zero waste economy and finds extensive application in different industry verticals such as agriculture, cosmetics, and water treatment.
Growing emphasis of chemical companies to incorporate sustainability in their operations is expected to substantially boost sales of bio-based platform chemicals. Collaborations and partnerships to create new bio-based chemicals are also expected to be preferred strategies among market players. Investing in Europe is expected to pay off big time for almost all bio-based platform chemical suppliers operating on a global level.
Market snapshot - 2026-2033
Global Market Size
USD 5.6 billion
Largest Segment
C-4 Platform Chemicals
Fastest Growth
C-5 Platform Chemicals
Growth Rate
8.7% CAGR
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Global Bio-based Platform Chemicals Market is segmented by Source, Type, Product, End-use and region. Based on Source, the market is segmented into Pentose Sugar, Xylose, Arabinose and Others. Based on Type, the market is segmented into Pentanediol, Ethanol, Furfural, Hydroxymethylfurfural, 2,5-Furandicarboxylic Acid, Glycerol, Isoprene, Succinic Acid, 3-Hydroxypropionic Acid/Aldehyde, Levulinic Acid, Lactic Acid, Sorbitol, Xylitol and Others. Based on Product, the market is segmented into Platform Chemicals, Polymers for Plastics, Paints, Coatings, Inks & Dyes, Surfactants, Cosmetics & Personal Care Products, Adhesives, Man Made Fibers and Others. Based on End-use, the market is segmented into Food & Beverage, Pharmaceutical, Chemical, Plastic, Biofuel, Research & Development and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
C4 platform chemicals are estimated to account for a prominent chunk of the global bio-based platform chemicals market share. Extensive application scope of C4 platform chemicals in multiple industry verticals due to their high versatility is allowing them to bring in the most revenue for all companies in this industry. Succinic acid is projected to emerge as the most widely used C4 bio-based platform chemicals going forward. Surging demand for bio-based plastics and polymers around the world is projected to boost the sales of succinic acid as it is used in their production. Extensive use of succinic acid in the production of multiple industrial chemicals is also estimated to cement the dominance of this segment.
On the other hand, the demand for C5 platform chemicals is slated to rise at a rapid pace over the coming years. Growing demand for itaconic acid for the production of monoesters is helping this segment generate new opportunities going forward. Surging adoption of bio-based itaconic acid as an alternative to acrylic acid for the development of super-absorbent polymer variants is also forecasted to create new business scope for market players. Extensive application scope of itaconic acid in industry verticals such as water treatment, healthcare, and food are also slated to boost revenue generation for suppliers of C5 bio-based platform chemicals through 2032.
Analysis by Application
The polymers segment is anticipated to account for a substantial share of the global bio-based platform chemicals industry. Surging demand for bio-based and biodegradable polymers around the world is forecasted to help this segment bring in the most revenue for market players. Chemical versatility of bio-based platform chemicals allows them to be used in the production of multiple types of polymers. Bans on use of plastics and growing demand for sustainable materials across multiple industry verticals are also boosting the demand for eco-friendly polymers thereby favoring the sales of bio-based platform chemicals as well. Growing investments in bio-based polymer R&D are also offering new business scope for companies focusing on this segment.
The demand for bio-based platform chemicals in cosmetics segment is slated to rise at an impressive CAGR across the forecast period. Growing consumer preference for cosmetics without any toxic chemicals is expected to create new opportunities for market players. Adoption of sustainable business models by cosmetics and personal care companies to appease eco-conscious consumers is also projected to favor the sales of bio-based platform chemicals via this segment. Rapidly increasing popularity of clean beauty trends and rising preference for clean label ingredients in personal care are also anticipated to offer new revenue generation opportunities for market players in the long run.
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Europe is estimated to spearhead the global bio-based platform chemicals industry in the future. Growing emphasis on sustainability, imposition of stringent regulations to boost adoption of bio-based products, and the presence of leading chemical manufacturers are helping this region bring in the most revenue.
Presence of robust chemical manufacturing industry and chemical manufacturing companies such as BASF, Evonik, and Covestro are helping Germany to emerge as the dominant country in this region. France and the United Kingdom are also slated to offer new business opportunities for market players looking to make a mark in the European region.
The Asia Pacific region is anticipated to be known as the fastest growing market for bio-based platform chemical companies in the world. Rising consumer preference for sustainable products, ban on use of plastics and toxic chemicals, and abundant availability of biomass feedstocks are helping this region generate new opportunities.
Presence of a massive industrial base, government support for green material adoption, and high investments in bio-based technology R&D are helping China emerge as the top country in the Asia Pacific. Growing chemical manufacturing activity and emphasis on incorporation of sustainability are helping India and Japan emerge as other opportune markets in this region.
North America is estimated to emerge as a highly opportune region for bio-based platform chemical suppliers in the long run. High investments in the R&D of novel biotechnologies, growing number of bio-refineries, and imposition of regulations to promote the use of bio-based materials are generating new business scope via this region.
The United States is slated to spearhead the sales of bio-based platform chemicals in the North American region. The presence of leading chemical manufacturers, availability of government incentives and tax credits for use of bio-based products, and quick adoption of advanced bio-based technologies are cementing the dominance of this country for the future.
Surging costs of petroleum-based feedstocks, abundant availability of biomass, and launch of supportive government initiatives and incentives for bio-based material adoption are helping Latin America emerge as an opportune market. Rapid increase in industrialization to boost economic growth in countries such as Brazil and Argentina are anticipated to boost the sales of bio-based platform chemicals in this region going forward.
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Drivers
Development of Bio-Refineries
Corporate Sustainability Commitments
Restraints
High Costs of Production
Feedstock Supply Issues
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Bio-based platform chemical companies should invest in R&D to develop novel chemicals. Collaborations with other companies can also play a crucial role in driving the sales of bio-based platform chemicals. Imposition of bans and strict regulations on petrochemicals is predicted to favor the adoption of bio-based platform chemicals as per this global bio-based platform chemicals market analysis.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing number of bio-refineries, high emphasis on sustainability, and corporate sustainability commitments are estimated to uplift the sales of bio-based platform chemicals in the long run. On the contrary, high costs of production and feedstock supply issues are anticipated to impede the adoption of bio-based platform chemicals over the coming years. High emphasis on sustainability and presence of leading chemical manufacturing companies allows Europe to spearhead the global demand for bio-based platform chemicals. Use of bio-based platform chemicals to produce surface active compounds is expected to bring in the most revenue for market players in the long run. Targeting emerging countries and integration of circular economy practices can help bio-based platform chemicals suppliers take their business to the next level in the future.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 6.09 Billion |
| Market size value in 2033 | USD 12.9 Billion |
| Growth Rate | 8.7% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Bio-based Platform Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bio-based Platform Chemicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bio-based Platform Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bio-based Platform Chemicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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