Fumaric, Malic & Aspartic Acid), C-5 (Levulinic, Glutamic & Itaconic Acid, Xylitol), C-6 (Sorbitol, Glucaric Acid)
Based on the end user applications, the market is segmented as agriculture, bio fuels, bio plastics, food
applications, industrial chemicals, pharmaceuticals and others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest
of the World. In this section the key trends and market size for each geography is provided over the period of
2017 – 2023.
In North American region, USA is the largest producer of ethanol. In USA, the bio-based platform chemicals are
slowly replacing petroleum-derived chemicals. Hence, it is expected to build upon the current market share of
around ten percentages in the chemicals market and drive the growth of the North American bio-based platform
chemicals market. Asia-Pacific region is the largest bio-based platforms chemical market. The increasing demand
for citric acid from food and beverages industry in the region is expected to drive the growth of the bio-based
platform chemicals market. In Europe, there are serious concerns about the clearing of forests for cultivation of
crops for bio-energy. European Union’s industrial policy that favors increase in share of bio-based applications
industry up to 20% by 2023 is expected to enhance the growth of the bio-based platform chemicals market in the
region. The ethanol production in the Brazil accounts for significant portion of the global ethanol production and
it drives the Latin American market. Moreover, the increasing demand for the bio-based platform chemicals is
expected to drive the Latin American bio-based chemical market. African region is also expected to experience a
steady growth in the bio-based platform chemicals market. The emergence of innovative technologies, huge
private investments, and partnerships between various chemical companies and agro-companies are keys to the
growth of bio-based platform chemicals market. It is a challenge for major players in the market to usurp the
dominant petroleum based chemicals, by providing competitive pricing and performance at commercial scale.
However, in several industrial sectors, strict environmental friendly guidelines issued by governments provide