Market by Type, End-users, and Country | Forecast 2019-2028
The Asia-Pacific bio-based chemicals market is anticipated to register growth at 13.83% of CAGR during the estimated period 2019-2028.
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The countries
considered in this market include:
• India
• China
• Japan
• Australia & New Zealand
• South Korea
• ASEAN countries
• Rest of APAC
In the Asia Pacific,
the shift in the consumer preference towards organic products, and rising
environmental concerns owing to the use of synthetic petroleum-based chemicals,
are factors augmenting the growth of the bio-based chemicals market. Further,
the thriving manufacturing sector, along with favorable government initiatives
in China and Japan, are also supplementing the market’s development. For
instance, the Japanese government is constantly monitoring the harmful effects
of traditional chemicals, in turn, encouraging the industries to adopt
bio-based chemicals in their operations.
Furthermore, several
stringent environmental laws and policies are implemented by the government
authorities in the region’s countries to encourage the use of bio-based
chemicals. In China, under the National Environment Policy, the government
environmental authorities penalize and seize properties in the case of illegal
pollution. Such stringent laws would compel manufacturers to concentrate on
producing eco-friendly and sustainable chemicals in the country, thereby
boosting China’s bio-based chemicals market.
In Japan, the various
strategies adopted by leading market players have influenced the demand for
bioplastics. The D&L Industries announced its aim to finalize a new
portfolio of bio-degradable plastic products that can replace the country’s
conventional non-biodegradable plastic bags. This indicates the involvement of
companies to develop and market bioplastics products, further improving their
adoption. Hence, the rise in the adoption of eco-friendly products like
bioplastics will simultaneously propel the bio-based chemicals market on a
growth path.
Mitsubishi Chemical
Corporation is known as an investment holding company mainly engaged in the
manufacturing and distribution of chemicals, polymers, and designed materials.
It also delivers products relating to the healthcare, industrial, and
electronics sector. The corporation offers engineering services, logistics
services, and warehousing services to its vast clientele base. Mitsubishi
operates through its subsidiaries across various regions, and has its
headquarter in Tokyo, Japan.
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VIEW REPORT1. ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. ASIA-PACIFIC
IS MOST PROMISING REGIONAL MARKET
2.2.2. AGRICULTURE
TO BE FASTEST-GROWING SEGMENT
2.2.3. BIOFUELS
ARE MARKET LEADER IN TERMS OF PRODUCT SEGMENT
2.3. IMPACT
OF COVID-19 ON BIO-BASED CHEMICALS MARKET
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF BUYERS
2.4.4. BARGAINING
POWER OF SUPPLIERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. KEY
IMPACT ANALYSIS
2.7.1. COST
2.7.2. AVAILABILITY
2.7.3. OBJECTIVES
2.7.4. ALTERNATIVES
2.7.5. ENVIRONMENTAL
CONCERN
2.8. MARKET
DRIVERS
2.8.1. FAVORABLE
GOVERNMENT POLICIES TOWARDS BIO-BASED PRODUCTS
2.8.2. GROWING
USE OF ECO-FRIENDLY PRODUCTS LIKE BIOPLASTICS
2.8.3. HIGH
MARKET POTENTIAL OF BIO-BASED CHEMICAL PRODUCTS
2.9. MARKET
RESTRAINTS
2.9.1. COST
CONSTRAINT
2.10. MARKET OPPORTUNITIES
2.10.1. VOLATILE/UNCERTAIN CRUDE OIL
PRICES
2.10.2. AUTOMOTIVE MANUFACTURERS’
FOCUS ON REDUCING CARBON FOOTPRINT
2.11. MARKET CHALLENGES
2.11.1.
LACK OF SUPPLY CHAIN MODEL IN
RAW MATERIALS AND FEEDSTOCK
3. ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET OUTLOOK - BY TYPE
3.1. BIOPLASTICS
3.1.1. BIO-DEGRADABLE
3.1.1.1. PLA
3.1.1.2. PHA
3.1.1.3. REGENERATED
CELLULOSE
3.1.1.4. BIO-DEGRADABLE
POLYESTER
3.1.1.5. OTHER
BIO-DEGRADABLE PLASTICS
3.1.2. NON-BIODEGRADABLE
3.1.2.1. BIO
PET
3.1.2.2. BIO
PE
3.1.2.3. BIO
PA
3.1.2.4. OTHER
NON-BIODEGRADABLE PLASTICS
3.2. BIOFUELS
3.2.1. BIO-DIESEL
3.2.2. BIOGAS
3.2.3. SOLID
BIOMASS
4. ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET OUTLOOK - BY END-USERS
4.1. INDUSTRIAL
CHEMICAL
4.1.1. SUCCINIC
ACID
4.1.2. ALCOHOL
4.1.3. BIO-BASED
DYES
4.1.4. LACTIC
ACID
4.1.5. GLYCEROL
4.1.6. ACRYLIC
ACID
4.1.7. OTHER
INDUSTRIAL CHEMICALS
4.2. PHARMACEUTICALS
4.2.1. ENZYMES
4.2.2. AMINO
ACID
4.2.3. VITAMINS
& RELATED COMPOUNDS
4.2.4. ANTIBIOTICS
4.2.5. OTHER
PHARMACEUTICALS
4.3. FOOD
PRODUCTS
4.3.1. ALCOHOLIC
BEVERAGES
4.3.2. OTHER
FOOD PRODUCTS
4.4. AGRICULTURE
4.4.1. BIO-FERTILIZERS
4.4.2. BIOPESTICIDES
4.4.3. OTHER
AGRICULTURE
5. ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET - REGIONAL OUTLOOK
5.1. CHINA
5.2. JAPAN
5.3. INDIA
5.4. SOUTH
KOREA
5.5. ASEAN
COUNTRIES
5.6. AUSTRALIA
& NEW ZEALAND
5.7. REST
OF ASIA-PACIFIC
6. COMPETITIVE
LANDSCAPE
6.1. ABENGOA
SA
6.2. BASF
SE
6.3. BRASKEM
SA
6.4. CARGILL
INCORPORATED
6.5. CORBION
NV
6.6. DANIMER
SCIENTIFIC INC
6.7. METHANEX
CORPORATION
6.8. MITSUBISHI
CHEMICAL CORPORATION
6.9. MITSUI
& CO LTD
6.10. NATUREWORKS LLC
6.11. NOVOZYMES
6.12. PTT GLOBAL CHEMICAL PUBLIC
COMPANY LIMITED
6.13. ROYAL DSM NV
6.14. TEIJIN LIMITED
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: SOME OF THE
POLICIES RELATED TO BIOPLASTICS IN KEY COUNTRIES
TABLE 4: VARIOUS
INITIATIVES TAKEN BY DIFFERENT COUNTRIES
TABLE 5: MARKET
POTENTIAL IN TERMS OF CHEMICAL BY VARIOUS COMPANIES
TABLE 6: WORLD
BIO-BASED MARKET PENETRATION 2010-2025
TABLE 7: AUTOMOTIVE
MANUFACTURERS USING BIOPOLYMERS IN THEIR MANUFACTURING
TABLE 8: APPLICATIONS
OF GLYCEROL
TABLE 9: APPLICATION OF
AMINO ACIDS
TABLE 10: CATEGORIES OF
ALCOHOLIC BEVERAGES
TABLE 11: INSTANCES OF
BIO-FERTILIZERS
TABLE 12: BENEFITS OF
BIOPESTICIDES AND ITS FACTORS
TABLE 13: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIOPLASTICS, 2019-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 16: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY NON-BIODEGRADABLE PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 17: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIOFUELS, 2019-2028 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 19: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY INDUSTRIAL CHEMICALS, 2019-2028 (IN $ MILLION)
TABLE 20: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY PHARMACEUTICALS, 2019-2028 (IN $ MILLION)
TABLE 21: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, 2019-2028 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)
TABLE 23:
ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT
ANALYSIS
FIGURE 3: REGION WISE
PRODUCTION CAPABILITY OF BIOPLASTICS IN 2019 (IN %)
FIGURE 4: WORLDWIDE
CRUDE OIL PRICE TREND 2009-2018 ($/BARREL)
FIGURE 5: WORLDWIDE
PRODUCTION OF BIOPLASTICS 2018-2024 (IN ‘000 TONS)
FIGURE 6: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIOPLASTICS, 2019-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE, 2019-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY PLA, 2019-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY PHA, 2019-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY REGENERATED CELLULOSE, 2019-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE POLYESTER, 2019-2028 (IN $
MILLION)
FIGURE 12: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY OTHER BIO-DEGRADABLE PLASTICS, 2019-2028 (IN $
MILLION)
FIGURE 13: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY NON-BIODEGRADABLE, 2019-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIO PET, 2019-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIO PE, 2019-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIO PA, 2019-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY OTHER NON-BIODEGRADABLE PLASTICS, 2019-2028 (IN
$ MILLION)
FIGURE 18: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIOFUELS, 2019-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIO-DIESEL, 2019-2028 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIOGAS, 2019-2028 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY SOLID BIOMASS, 2019-2028 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY INDUSTRIAL CHEMICAL, 2019-2028 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY SUCCINIC ACID, 2019-2028 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY ALCOHOL, 2019-2028 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIO-BASED DYES, 2019-2028 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY LACTIC ACID, 2019-2028 (IN $ MILLION)
FIGURE 27: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY GLYCEROL, 2019-2028 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY ACRYLIC ACID, 2019-2028 (IN $ MILLION)
FIGURE 29: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY OTHER INDUSTRIAL CHEMICALS, 2019-2028 (IN $
MILLION)
FIGURE 30: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY PHARMACEUTICALS, 2019-2028 (IN $ MILLION)
FIGURE 31: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY ENZYMES, 2019-2028 (IN $ MILLION)
FIGURE 32: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY AMINO ACID, 2019-2028 (IN $ MILLION)
FIGURE 33: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY VITAMINS & RELATED COMPOUNDS, 2019-2028 (IN
$ MILLION)
FIGURE 34: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY ANTIBIOTICS, 2019-2028 (IN $ MILLION)
FIGURE 35: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY OTHER PHARMACEUTICALS, 2019-2028 (IN $ MILLION)
FIGURE 36: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, 2019-2028 (IN $ MILLION)
FIGURE 37: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY ALCOHOLIC BEVERAGES, 2019-2028 (IN $ MILLION)
FIGURE 38: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY OTHER FOOD PRODUCTS, 2019-2028 (IN $ MILLION)
FIGURE 39: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)
FIGURE 40: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIO-FERTILIZERS, 2019-2028 (IN $ MILLION)
FIGURE 41: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY BIOPESTICIDES, 2019-2028 (IN $ MILLION)
FIGURE 42: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, BY OTHER AGRICULTURE, 2019-2028 (IN $ MILLION)
FIGURE 43: ASIA-PACIFIC
BIO-BASED CHEMICALS MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 44: CHINA
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 45: JAPAN
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 46: INDIA
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 47: SOUTH KOREA
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 48: ASEAN
COUNTRIES BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 49: AUSTRALIA
& NEW ZEALAND BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 50: REST OF
ASIA-PACIFIC BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)