Market by Type, End-users, and Country | Forecast 2019-2028
As per Triton's report, the European bio-based chemicals market is likely to garner a CAGR of 13.30% during the evaluated years of 2019-2028.
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The countries studied
in this market comprise:
• The UK
• Spain
• Germany
• Italy
• France
• Russia
• Rest of Europe
Europe is known to rank
as the third leading consumer of bio-based chemicals globally, and is expected
to maintain this trend during the estimated period 2019-2028. The strict
regulations enforced by the European Union on the emission standards of
synthetic petroleum-based chemicals is a significant factor that has increased
the adoption of bio-based chemicals in the region. Moreover, this growth has
led government authorities in Europe to standardize the production of bio-based
chemicals. The European standards support the existing legislation and policy
objectives relating to a bio-based economy. Also, the lead market initiative by
the European Commission identifies bio-based products as a potential market for
investment, and supports sectors requiring regulation and standardization. This
step will promote innovative and cost-effective manufacturing methods for
bio-based chemicals, thereby influencing the studied market in the region.
In Germany, the market
is primarily motivated by the measures taken by the government, paired with the
rise in the adoption of bioplastics by several companies. According to the
German Environmental Ministry, the government has signed an agreement with
small-scale retailers to limit the usage of single-use plastic bags. It further
encourages retailers to adopt and utilize bio-degradable plastic bags that
enhance the demand for bioplastics, in turn, fueling the bio-based chemicals
market across the nation.
BASF SE is one of the
biggest chemical companies worldwide. The company offers chemicals, performance
products, functional materials and solutions, oil and gas, and agricultural
solutions. Its product portfolio includes bio-based succinic acid, which can be
widely used to manufacture several products such as leather, paints &
coatings, food & beverages, healthcare, and more. The company has its
functions spread across the different regions, with its headquarter in Germany.
1. EUROPE
BIO-BASED CHEMICALS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. AGRICULTURE
TO BE FASTEST-GROWING SEGMENT
2.2.2. 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. EUROPE
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. EUROPE
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. EUROPE
BIO-BASED CHEMICALS MARKET - REGIONAL OUTLOOK
5.1. UNITED
KINGDOM
5.2. GERMANY
5.3. FRANCE
5.4. SPAIN
5.5. ITALY
5.6. RUSSIA
5.7. REST
OF EUROPE
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: EUROPE
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: EUROPE
BIO-BASED CHEMICALS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 14: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIOPLASTICS, 2019-2028 (IN $ MILLION)
TABLE 15: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 16: EUROPE
BIO-BASED CHEMICALS MARKET, BY NON-BIODEGRADABLE PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 17: EUROPE
BIO-BASED CHEMICALS MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 18: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIOFUELS, 2019-2028 (IN $ MILLION)
TABLE 19: EUROPE
BIO-BASED CHEMICALS MARKET, BY INDUSTRIAL CHEMICALS, 2019-2028 (IN $ MILLION)
TABLE 20: EUROPE
BIO-BASED CHEMICALS MARKET, BY PHARMACEUTICALS, 2019-2028 (IN $ MILLION)
TABLE 21: EUROPE
BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, 2019-2028 (IN $ MILLION)
TABLE 22: EUROPE
BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)
TABLE 23: EUROPE
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: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIOPLASTICS, 2019-2028 (IN $ MILLION)
FIGURE 7: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE, 2019-2028 (IN $ MILLION)
FIGURE 8: EUROPE
BIO-BASED CHEMICALS MARKET, BY PLA, 2019-2028 (IN $ MILLION)
FIGURE 9: EUROPE
BIO-BASED CHEMICALS MARKET, BY PHA, 2019-2028 (IN $ MILLION)
FIGURE 10: EUROPE
BIO-BASED CHEMICALS MARKET, BY REGENERATED CELLULOSE, 2019-2028 (IN $ MILLION)
FIGURE 11: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE POLYESTER, 2019-2028 (IN $
MILLION)
FIGURE 12: EUROPE
BIO-BASED CHEMICALS MARKET, BY OTHER BIO-DEGRADABLE PLASTICS, 2019-2028 (IN $
MILLION)
FIGURE 13: EUROPE
BIO-BASED CHEMICALS MARKET, BY NON-BIODEGRADABLE, 2019-2028 (IN $ MILLION)
FIGURE 14: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIO PET, 2019-2028 (IN $ MILLION)
FIGURE 15: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIO PE, 2019-2028 (IN $ MILLION)
FIGURE 16: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIO PA, 2019-2028 (IN $ MILLION)
FIGURE 17: EUROPE
BIO-BASED CHEMICALS MARKET, BY OTHER NON-BIODEGRADABLE PLASTICS, 2019-2028 (IN
$ MILLION)
FIGURE 18: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIOFUELS, 2019-2028 (IN $ MILLION)
FIGURE 19: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIO-DIESEL, 2019-2028 (IN $ MILLION)
FIGURE 20: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIOGAS, 2019-2028 (IN $ MILLION)
FIGURE 21: EUROPE
BIO-BASED CHEMICALS MARKET, BY SOLID BIOMASS, 2019-2028 (IN $ MILLION)
FIGURE 22: EUROPE
BIO-BASED CHEMICALS MARKET, BY INDUSTRIAL CHEMICAL, 2019-2028 (IN $ MILLION)
FIGURE 23: EUROPE
BIO-BASED CHEMICALS MARKET, BY SUCCINIC ACID, 2019-2028 (IN $ MILLION)
FIGURE 24: EUROPE
BIO-BASED CHEMICALS MARKET, BY ALCOHOL, 2019-2028 (IN $ MILLION)
FIGURE 25: EUROPE BIO-BASED
CHEMICALS MARKET, BY BIO-BASED DYES, 2019-2028 (IN $ MILLION)
FIGURE 26: EUROPE
BIO-BASED CHEMICALS MARKET, BY LACTIC ACID, 2019-2028 (IN $ MILLION)
FIGURE 27: EUROPE
BIO-BASED CHEMICALS MARKET, BY GLYCEROL, 2019-2028 (IN $ MILLION)
FIGURE 28: EUROPE
BIO-BASED CHEMICALS MARKET, BY ACRYLIC ACID, 2019-2028 (IN $ MILLION)
FIGURE 29: EUROPE
BIO-BASED CHEMICALS MARKET, BY OTHER INDUSTRIAL CHEMICALS, 2019-2028 (IN $
MILLION)
FIGURE 30: EUROPE
BIO-BASED CHEMICALS MARKET, BY PHARMACEUTICALS, 2019-2028 (IN $ MILLION)
FIGURE 31: EUROPE
BIO-BASED CHEMICALS MARKET, BY ENZYMES, 2019-2028 (IN $ MILLION)
FIGURE 32: EUROPE
BIO-BASED CHEMICALS MARKET, BY AMINO ACID, 2019-2028 (IN $ MILLION)
FIGURE 33: EUROPE
BIO-BASED CHEMICALS MARKET, BY VITAMINS & RELATED COMPOUNDS, 2019-2028 (IN
$ MILLION)
FIGURE 34: EUROPE
BIO-BASED CHEMICALS MARKET, BY ANTIBIOTICS, 2019-2028 (IN $ MILLION)
FIGURE 35: EUROPE
BIO-BASED CHEMICALS MARKET, BY OTHER PHARMACEUTICALS, 2019-2028 (IN $ MILLION)
FIGURE 36: EUROPE
BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, 2019-2028 (IN $ MILLION)
FIGURE 37: EUROPE
BIO-BASED CHEMICALS MARKET, BY ALCOHOLIC BEVERAGES, 2019-2028 (IN $ MILLION)
FIGURE 38: EUROPE
BIO-BASED CHEMICALS MARKET, BY OTHER FOOD PRODUCTS, 2019-2028 (IN $ MILLION)
FIGURE 39: EUROPE
BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)
FIGURE 40: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIO-FERTILIZERS, 2019-2028 (IN $ MILLION)
FIGURE 41: EUROPE
BIO-BASED CHEMICALS MARKET, BY BIOPESTICIDES, 2019-2028 (IN $ MILLION)
FIGURE 42: EUROPE
BIO-BASED CHEMICALS MARKET, BY OTHER AGRICULTURE, 2019-2028 (IN $ MILLION)
FIGURE 43: EUROPE
BIO-BASED CHEMICALS MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 44: UNITED
KINGDOM BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 45: GERMANY
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 46: FRANCE
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 47: SPAIN
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 48: ITALY
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 49: RUSSIA
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 50: REST OF
EUROPE BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)