- Bio-Alcohol
- Bioplastic
- Bio-Lubricant
- Bio-Surfactants
- Bio-Solvents
- Others
Bio-based Chemicals Market size was valued at USD 42.4 Billion in 2023 and is poised to grow at a 7.2% CAGR from 2024 to 2030. Bio-based chemical products that are derived from renewable biological sources, such as plants, crops, agricultural waste, or microorganisms. The chemicals are produced through processes such as fermentation, enzymatic conversions, and others. The extensive use of biobased polymers in several applications such as food & and beverages, agriculture, automotive, personal care, packaging, detergents, and cleaners boost the demand and propels the market growth.
Furthermore, raising awareness regarding eco-friendly products and companies focused on research and development activities for more effective market availability creates lucrative opportunities in the bio-based chemical market. The rapid fluctuations in the pricing of raw materials due to the unavailability of raw materials hinder market growth. The market for bio-based chemicals is expanding as a result of increased greenhouse emissions and the depletion of fossil fuels supplies, the use of bio-based goods in the market to reduce hazardous emissions.
Bio-based Chemicals Market Key Developments:
- In April 2022, Symrise launched bio-based caprylyl glycol. A new grade of caprylyl glycol offers all the properties, benefits, and high quality of the synthetic grade, Hydrolite CG with a greater degree of sustainability due to its 100% biobased sourcing.
- In February 2022, Clariant launched Vita 100% bio-based surfactants and polyethylene glycols (PEGs). Contributing to the removal of fossil carbon from the value chain and helping to save up to 85% of CO? emissions per ton of product compared to their fossil counterparts.
- In June 2021, Cargill partnered with Helm Company to produce 1, 4-butanediol facility on a US$ 300 million commercial scale under a JV Qore. This will help to lead brands by replacing fossil-based chemistries with bio-based intermediates and enabling them to decrease their greenhouse gas emissions.
Bio-based Chemicals Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
7.2%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Bio-based Chemicals Market Dynamics
The increasing demand for environmentally friendly products across the world creates lucrative opportunities in the Bio-based chemicals market during the forecast period. The constant spending expenditure by companies on research and development for more effective market availability of biobased chemicals, many pharmaceuticals and solvents contain bio-based chemicals for their effective utilization in the manufacturing, also increased healthcare awareness and consequent rise demand for the manufacturing of skincare and cosmetics products experiencing extensive opportunities in the market.
Asia-Pacific Got Significant Share Of
Bio-based Chemicals Market Regional Analysis
Geographically, Asia Pacific held the major market share in 2022 and to dominate the global Bio-based chemicals market in the forecasted years. Asia Pacific is the fastest-growing market in bio-chemicals and has the largest market share across the world. This is attributed to the increases in health awareness and consumers are shifting towards bio-based products and the changing government policies regarding environment protection. The rising incorporation of bioplastics by various end users in China will augment the market growth. North America holds a significant market share, and factors such as emphasis on the use of sustainable products, the emergence of low-cost feedstock, and innovation in bio-based chemicals it is predicted to grow rapidly in the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Bio-based Chemicals Market Segmentation
By Source
By Application
- Food & Beverages
- Agriculture
- Automotive
- Personal Care
- Packaging
- Detergents & Cleaner
- Paints and Coating
- Others
By Geography
- North America
- Europe
- The Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The Bio-based Chemicals Market size was valued at USD 42.4 Billion in 2023 and poised to reach USD 66.2 Billion by 2030
The Bio-based Chemicals Market is poised to grow at a significant CAGR of 7.2% from 2024 to 2030.
The leading players in the Bio-based Chemicals Market are Lyondell Basell Industries Holdings BV, BASF SE, Thermo Fisher Scientific, Ultimate Chem India Pvt. Ltd, Alpha Chemika, Haihang Industry, Ronas Chemicals, Merck KGaA, Alfa Aesar, FUSO CHEMICAL CO., LTD., FUJIFILM Wako Pure Chemical Corporation, Dupont, and Braskem
| 1.Executive Summary |
| 2.Global Bio-based Chemicals Market Introduction |
| 2.1.Global Bio-based Chemicals Market - Taxonomy |
| 2.2.Global Bio-based Chemicals Market - Definitions |
| 2.2.1.Source |
| 2.2.2.Application |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3.Global Bio-based Chemicals Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Bio-based Chemicals Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Bio-based Chemicals Market By Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Bio-Alcohol |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Bioplastic |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Bio-Lubricant |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Bio-Surfactants |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Bio-Solvents |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Bio-based Chemicals Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Food & Beverages |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Agriculture |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Automotive |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Personal Care |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Packaging |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Detergents & Cleaner |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Paints and Coating |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7.Global Bio-based Chemicals Market By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. The Asia Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Bio-based Chemicals Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Bio-based Chemicals Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Bio-Alcohol |
| 9.1.2.Bioplastic |
| 9.1.3.Bio-Lubricant |
| 9.1.4.Bio-Surfactants |
| 9.1.5.Bio-Solvents |
| 9.1.6.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Food & Beverages |
| 9.2.2.Agriculture |
| 9.2.3.Automotive |
| 9.2.4.Personal Care |
| 9.2.5.Packaging |
| 9.2.6.Detergents & Cleaner |
| 9.2.7.Paints and Coating |
| 9.2.8.Others |
| 9.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.The Asia Pacific |
| 9.3.4.Latin America |
| 9.3.5.MEA |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Bio-based Chemicals Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Bio-Alcohol |
| 10.1.2.Bioplastic |
| 10.1.3.Bio-Lubricant |
| 10.1.4.Bio-Surfactants |
| 10.1.5.Bio-Solvents |
| 10.1.6.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Food & Beverages |
| 10.2.2.Agriculture |
| 10.2.3.Automotive |
| 10.2.4.Personal Care |
| 10.2.5.Packaging |
| 10.2.6.Detergents & Cleaner |
| 10.2.7.Paints and Coating |
| 10.2.8.Others |
| 10.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.The Asia Pacific |
| 10.3.4.Latin America |
| 10.3.5.MEA |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Bio-based Chemicals Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Bio-Alcohol |
| 11.1.2.Bioplastic |
| 11.1.3.Bio-Lubricant |
| 11.1.4.Bio-Surfactants |
| 11.1.5.Bio-Solvents |
| 11.1.6.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Food & Beverages |
| 11.2.2.Agriculture |
| 11.2.3.Automotive |
| 11.2.4.Personal Care |
| 11.2.5.Packaging |
| 11.2.6.Detergents & Cleaner |
| 11.2.7.Paints and Coating |
| 11.2.8.Others |
| 11.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.The Asia Pacific |
| 11.3.4.Latin America |
| 11.3.5.MEA |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Bio-based Chemicals Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Bio-Alcohol |
| 12.1.2.Bioplastic |
| 12.1.3.Bio-Lubricant |
| 12.1.4.Bio-Surfactants |
| 12.1.5.Bio-Solvents |
| 12.1.6.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Food & Beverages |
| 12.2.2.Agriculture |
| 12.2.3.Automotive |
| 12.2.4.Personal Care |
| 12.2.5.Packaging |
| 12.2.6.Detergents & Cleaner |
| 12.2.7.Paints and Coating |
| 12.2.8.Others |
| 12.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.The Asia Pacific |
| 12.3.4.Latin America |
| 12.3.5.MEA |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Bio-based Chemicals Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Bio-Alcohol |
| 13.1.2.Bioplastic |
| 13.1.3.Bio-Lubricant |
| 13.1.4.Bio-Surfactants |
| 13.1.5.Bio-Solvents |
| 13.1.6.Others |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Food & Beverages |
| 13.2.2.Agriculture |
| 13.2.3.Automotive |
| 13.2.4.Personal Care |
| 13.2.5.Packaging |
| 13.2.6.Detergents & Cleaner |
| 13.2.7.Paints and Coating |
| 13.2.8.Others |
| 13.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.The Asia Pacific |
| 13.3.4.Latin America |
| 13.3.5.MEA |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Lyondell Basell Industries Holdings BV |
| 14.2.2.BASF SE |
| 14.2.3.Thermo Fisher Scientific |
| 14.2.4.Ultimate Chem India Pvt. Ltd |
| 14.2.5.Alpha Chemika |
| 14.2.6.Haihang Industry |
| 14.2.7.Ronas Chemicals |
| 14.2.8.Merck KGaA |
| 14.2.9.Alfa Aesar |
| 14.2.10.FUSO CHEMICAL CO., LTD. |
| 14.2.11.FUJIFILM Wako Pure Chemical Corporation |
| 14.2.12.Dupont |
| 14.2.13.Braskem |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Lyondell Basell Industries Holdings BV
- BASF SE
- Thermo Fisher Scientific
- Ultimate Chem India Pvt. Ltd
- Alpha Chemika
- Haihang Industry
- Ronas Chemicals
- Merck KGaA
- Alfa Aesar
- FUSO CHEMICAL CO., LTD.
- FUJIFILM Wako Pure Chemical Corporation
- Dupont
- Braskem