Platform chemicals represent a group of twelve (one not commercialized yet) building block chemicals that can be produced from sugars via biological conversions.
Increasing acceptance of bio-based platform chemicals in industries, stringent government guidelines on conventional petroleum based chemicals and preference towards environmental friendly applications by consumers are main drivers for Bio-based Platform Chemicals market. The evolution of bio-refineries has driven the development of bio-based platform chemicals as an alternative to petrochemicals. Due to increasing government concerns regarding health, the environment and limited fossil resources, there is a growing interest in using sustainable technologies to produce chemicals, plastics, and other products from renewable resources. The bio-based platform chemicals offer great potential for decarbonizing everyday products, allowing everything from running shoe soles to plastics and car parts, to become bio-based. These trends are successful in creating a huge demand for bio-based platform chemicals market. Though North America is the largest regional market for global bio-based platform chemicals market, Asia-Pacific is also an equally important market as it represents the second largest and regional market with highest growth rate during the forecast period.
The Global Bio-based Platform Chemicals Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Bio-based Platform Chemicals Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
BASF
Cargill Incorporated
DSM
INEOS
PTT Global Chemical Public Company


In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Bio-1,4-Diacid
Bio-Gycerol
Bio-Glutamic Acid
Bio-3-Hydroxypropionic Acid
Bio-Itaconic Acid

In Market segmentation by applications :
Agriculture
Bio Fuels
Bio Plastics
Food Applications
Industrial Chemicals
Pharmaceutical
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Bio-based Platform Chemicals Market for the forecast period 2023-2030?
• What are the driving forces in the Bio-based Platform Chemicals Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Bio-based Platform Chemicals industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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