Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Bio-Based Chemicals Market Size is Expected to Grow from USD 73.10 Billion in 2023 to USD 177.0 Billion by 2033, at a CAGR of 9.25% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Bio-Based Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Product Category (Platform Chemicals, Polymers for Plastics, Paints, Coatings, Inks & Dyes, Surfactants, Cosmetics & Personal Care, Adhesives, Man-made fibers, and Others), By Application (Industrial, Agricultural, Pharmaceutical, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
The bio-based chemicals market refers to the industry segment focused on the production, distribution, and consumption of chemicals derived from renewable biological sources such as plants, algae, and microorganisms. These chemicals serve as sustainable alternatives to petroleum-based products and are used across various sectors, including agriculture, packaging, textiles, pharmaceuticals, and personal care. Bio-based chemicals include bioplastics, bio-solvents, bio-lubricants, organic acids, and alcohols, contributing to reduced carbon emissions and environmental impact. Furthermore, the global bio-based chemicals market is driven by increasing environmental concerns, rising demand for sustainable and renewable alternatives to petrochemicals, and supportive government policies promoting green chemistry. Advancements in biotechnology, growing consumer awareness, and the shift toward a circular economy further boost market growth. Industries seek to reduce carbon footprints, creating strong demand for bio-based solutions. However, high production costs, limited feedstock availability, and underdeveloped infrastructure for large-scale manufacturing are key restraining factors hindering the growth of the global bio-based chemicals market.
The surfactants segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of the product category, the global bio-based chemicals market is divided into platform chemicals, polymers for plastics, paints, coatings, inks & dyes, surfactants, cosmetics & personal care, adhesives, man-made fibers, and others. Among these, the surfactants segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is attributed to high demand in household cleaning, personal care, and industrial applications. Growing consumer awareness, urbanization, and the shift toward sustainable and bio-based surfactants are driving growth. Expanding use in agriculture and oilfield chemicals further supports its strong CAGR during the forecast period.
The agricultural segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of the application, the global bio-based chemicals market is divided into industrial, agricultural, pharmaceutical, and others. Among these, the agricultural segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is attributed to the rising global demand for food, increasing use of fertilizers and crop protection chemicals, and advancements in agrochemical formulations. Population growth, shrinking arable land, and the need for higher crop yields are driving significant investments, boosting the segment’s CAGR throughout the forecast period.
North America is projected to hold the largest share of the global bio-based chemicals market over the forecast period.
North America is projected to hold the largest share of the global bio-based chemicals market over the forecast period. The regional growth is attributed to strong government support, advanced R&D infrastructure, and rising demand for sustainable alternatives. The region benefits from abundant biomass resources, a mature biotechnology sector, and major players investing in green chemistry innovations, all contributing to its leadership in the market.
Asia Pacific is expected to grow at the fastest CAGR growth of the global bio-based chemicals market during the forecast period. The regional growth is attributed to rapid industrialization, increasing environmental awareness, and supportive government policies promoting green alternatives. Growing demand in sectors like agriculture, packaging, and personal care, especially in countries like China and India, along with rising investments in biorefineries, drives regional market expansion.
Company Profiling
Major vendors in the global bio-based chemicals market are BASF SE, Vertec BioSolvents Inc., AGAE Technologies, LLC, TOTAL, ADM, DuPont, Evonik Industries, Toray Industries, Inc., Cargill, Incorporated, GF Biochemicals Ltd., Mitsubishi Chemical Corporation, DSM, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global bio-based chemicals market based on the below-mentioned segments:
Global Bio-Based Chemicals Market, By Product Category
Global Bio-Based Chemicals Market, By Application
Global Bio-Based Chemicals Market, By Regional
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