Bio-based Platform Chemicals Market

Bio-Based Platform Chemical Is Expected To Accelerate at a CAGR of 8% To Top US$ 23 Mn by 2031

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Key Takeaway

– Global bio-based platform chemicals market to top US$ 23 Mn by 2031. – C-3 platform chemicals projected to reach around US$ 10 Mn by 2031. – C-4 platform chemicals projected to record above 7% CAGR over next 10 years. – North America is the most lucrative region and will generate over 50% of global revenue by 2031. – Market in Australia expected to reach valuation of US$ 3 Mn by 2031.

Key players

– BioAmber, Inc. – Cargill, Inc. – BASF SE – Mitsubishi Chemical Corporation – PTT Global Chemical Public Co. Ltd. – DuPont Tate & Lyle Bio Products Company LLC – Braskem SA – Evonik Industries AG – DowDuPont, Inc. – GFBiochemicals Ltd. – Koninklijke DSM NV

Analyst View

“Rising demand for bio-based platform chemicals from end-user industries and changes in consumer preference for eco-friendly products are key factors driving long-term growth of the market,” according to a Fact.MR analyst. 

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