Top Bio-based Platform Chemicals Companies

Global Bio-based Platform Chemicals Market size was valued at USD 17.5 Billion in 2023 and is poised to grow from USD 18.74 Billion in 2024 to USD 32.44 Billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).

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. 'BioAmber ', 'Cargill', 'DSM', 'Prinova LLC', 'GF Biochemicals', 'Succinity GmbH', 'BASF', 'Mitsubishi Chemicals Corporation', 'PTT Global Chemical Public', 'DuPont', 'Tate & Lyle Bio Products Company', 'Braskem SA', 'Evonik Industries AG'

The number of bio-refineries around the world is increasing rapidly to process biomass into a spectrum of marketable products and energy. Development of such bio-refineries enhances the economic viability of bio-based chemicals by utilizing all components of biomass, reducing waste, and improving overall efficiency thereby favoring their sales as well.

Integration of Circular Economy Principles: Bio-based platform chemical providers should focus on integrating circular economy practices in their business to maximize their revenue generation potential. Reducing waste, optimization of production processes, and utilizing by products are slated to help comply with sustainability and get the best returns for this bio-based platform chemicals market trend.

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.