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  • Biodiesel Market Worth $51.47 billion by 2029

    Meticulous Research®—a leading global market research company, published a research report titled, ‘Biodiesel Market by Blend (B100, B20, B10, B5), Feedstock (Vegetable Oils {Rapeseed Oil, Palm Oil}, Animal Fats {Poultry, Tallow}), Application (Fuel {Automotive, Marine, Agriculture}), and Geography - Global Forecast to 2029.’
    According to this latest publication from Meticulous Research®, the biodiesel market is projected to reach $51.47 billion by 2029, at a CAGR of 3.6% from 2022–2029. The growth of this market is driven by the increase in consumption of biodiesel, the rising environmental concerns, and the increasing demand for biodiesel to replace fuels in transportation and power generation. However, performance concerns in diesel engines are expected to hinder the growth of this market to a certain extent. The government support from the North America, Latin America, Europe, and Asia-Pacific countries is expected to offer significant growth opportunities for players operating in the biodiesel market.
    The global biodiesel market is segmented by blend (B100, B20, B10, and B5), feedstock (vegetable oils, animal fats, used cooking oil (UCO), and others), and application (fuel, power generation, and others). The study also evaluates industry competitors and analyzes the regional and country-level markets.
    Based on blend, in 2022, the B100 segment is expected to account for the largest share of the global biodiesel market. The large market share of this segment is attributed to the benefits of the B100 blend, such as less flammable than petroleum diesel, low-pressure storage at ambient temperatures, and safer handling and transport. Furthermore, compared to the remaining biodiesel blends, B100 emits less carbon dioxide, carbon monoxide, sulfur, particulates and hydrocarbons.
    Based on feedstock, the UCO segment is projected to register the highest CAGR during the forecast period. The fast growth rate of this segment is attributed to the increasing food service industry and the growing use of cooking oil in the production process of biodiesel. Furthermore, the growing awareness about environmental welfare and sustainable energy resources and the high use of UCO in China and India are expected to boost the demand for UCO in biodiesel production.
    Based on the application, in 2022, the fuel segment is expected to account for the largest share of the global biodiesel market. The large market share of this segment is attributed to the increased use of fuel in automotive, agriculture, and marine industries, the rising environmental concerns, and the increasing pollution caused by automobile pollutants due to the use of petrol or diesel-based automobiles.



    Biodiesel Market Worth $51.47 billion by 2029 Meticulous Research®—a leading global market research company, published a research report titled, ‘Biodiesel Market by Blend (B100, B20, B10, B5), Feedstock (Vegetable Oils {Rapeseed Oil, Palm Oil}, Animal Fats {Poultry, Tallow}), Application (Fuel {Automotive, Marine, Agriculture}), and Geography - Global Forecast to 2029.’ According to this latest publication from Meticulous Research®, the biodiesel market is projected to reach $51.47 billion by 2029, at a CAGR of 3.6% from 2022–2029. The growth of this market is driven by the increase in consumption of biodiesel, the rising environmental concerns, and the increasing demand for biodiesel to replace fuels in transportation and power generation. However, performance concerns in diesel engines are expected to hinder the growth of this market to a certain extent. The government support from the North America, Latin America, Europe, and Asia-Pacific countries is expected to offer significant growth opportunities for players operating in the biodiesel market. The global biodiesel market is segmented by blend (B100, B20, B10, and B5), feedstock (vegetable oils, animal fats, used cooking oil (UCO), and others), and application (fuel, power generation, and others). The study also evaluates industry competitors and analyzes the regional and country-level markets. Based on blend, in 2022, the B100 segment is expected to account for the largest share of the global biodiesel market. The large market share of this segment is attributed to the benefits of the B100 blend, such as less flammable than petroleum diesel, low-pressure storage at ambient temperatures, and safer handling and transport. Furthermore, compared to the remaining biodiesel blends, B100 emits less carbon dioxide, carbon monoxide, sulfur, particulates and hydrocarbons. Based on feedstock, the UCO segment is projected to register the highest CAGR during the forecast period. The fast growth rate of this segment is attributed to the increasing food service industry and the growing use of cooking oil in the production process of biodiesel. Furthermore, the growing awareness about environmental welfare and sustainable energy resources and the high use of UCO in China and India are expected to boost the demand for UCO in biodiesel production. Based on the application, in 2022, the fuel segment is expected to account for the largest share of the global biodiesel market. The large market share of this segment is attributed to the increased use of fuel in automotive, agriculture, and marine industries, the rising environmental concerns, and the increasing pollution caused by automobile pollutants due to the use of petrol or diesel-based automobiles.
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  • Low Density Polyethylene Market to Reach US$ 58,782.2 Million by 2029

    Rising demand for low density polyethylene in multiple applications like extrusion coatings, injection moulding, films, and sheets, among others is expected to boost the market over the forecast period. The global low density polyethylene market is predicted to reach a valuation of US$ 43,190.5 Mn in 2022. The market is expected to reach US$ 58,782.2 Mn by 2029, with sales growing at a rate of 4.5% CAGR over the forecast period of 2022-2029.

    Elevated demand for low density polyethylene (LDPE) in end-use industries such as edible & frozen foods, liquid packaging, agriculture, electrical cables, and others is promoting market expansion for low density polyethylene. LDPE is also used in liquid reservoirs, electrical components, and upholstery among others. In addition to varied applications of LDPE, the implementation of strict government regulations aimed at reducing vehicular emissions, compel the automotive industry to shift to lightweight plastics for a variety of uses. Thus the automotive industry is also expected to contribute to low density polyethylene market growth.

    Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1021

    Rising global market demands for LDPE are fueling the incorporation of advanced low density polyethylene manufacturing techniques. These techniques are expected to improve grade quality, reduce production costs, lessen environmental impact, and thereby push manufacturers across the world to optimize their production process. This has ensured the release o new grades of LDPE in the market. All these factors are expected to promote market growth and expansion of low density polyethylene.

    Other factors driving the low density polyethylene market are the closure of LDPE plants in Europe, capacity expansions in the U.S., lower cost of feedstock, and developments in tubular reactor technology.

    “Rising application of LDPE in films & sheets and coatings, as well as various other end-use industries, will likely supplement the market growth over the forecast period,” says an FMI analyst.

    Competitive Landscape

    LyondellBasell Industries N.V., GE Analytical Instruments, ExxonMobil Corporation, The Dow Chemical Company, Saudi Basic Industries Corporation (SABIC), BASF-YPC Company Limited, Qatar Petrochemical Company Q.S.C, LG Chem Ltd, DuPont de Nemours, Inc., Braskem S.A., and Formosa Plastics Corporation among others are some of the manufacturers of low density polyethylene profiled in the full version of the report.
    Low Density Polyethylene Market to Reach US$ 58,782.2 Million by 2029 Rising demand for low density polyethylene in multiple applications like extrusion coatings, injection moulding, films, and sheets, among others is expected to boost the market over the forecast period. The global low density polyethylene market is predicted to reach a valuation of US$ 43,190.5 Mn in 2022. The market is expected to reach US$ 58,782.2 Mn by 2029, with sales growing at a rate of 4.5% CAGR over the forecast period of 2022-2029. Elevated demand for low density polyethylene (LDPE) in end-use industries such as edible & frozen foods, liquid packaging, agriculture, electrical cables, and others is promoting market expansion for low density polyethylene. LDPE is also used in liquid reservoirs, electrical components, and upholstery among others. In addition to varied applications of LDPE, the implementation of strict government regulations aimed at reducing vehicular emissions, compel the automotive industry to shift to lightweight plastics for a variety of uses. Thus the automotive industry is also expected to contribute to low density polyethylene market growth. Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1021 Rising global market demands for LDPE are fueling the incorporation of advanced low density polyethylene manufacturing techniques. These techniques are expected to improve grade quality, reduce production costs, lessen environmental impact, and thereby push manufacturers across the world to optimize their production process. This has ensured the release o new grades of LDPE in the market. All these factors are expected to promote market growth and expansion of low density polyethylene. Other factors driving the low density polyethylene market are the closure of LDPE plants in Europe, capacity expansions in the U.S., lower cost of feedstock, and developments in tubular reactor technology. “Rising application of LDPE in films & sheets and coatings, as well as various other end-use industries, will likely supplement the market growth over the forecast period,” says an FMI analyst. Competitive Landscape LyondellBasell Industries N.V., GE Analytical Instruments, ExxonMobil Corporation, The Dow Chemical Company, Saudi Basic Industries Corporation (SABIC), BASF-YPC Company Limited, Qatar Petrochemical Company Q.S.C, LG Chem Ltd, DuPont de Nemours, Inc., Braskem S.A., and Formosa Plastics Corporation among others are some of the manufacturers of low density polyethylene profiled in the full version of the report.
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  • Oleochemicals Industry Demand, Recent Trends, Size and Share Estimation by 2028 with Top Players

    The global oleochemicals market size is expected to reach USD 52.04 billion by 2028, exhibiting a CAGR of 6.4% between 2021 and 2028. The growing emphasis on natural oils & fats obtained from living feedstock, including plants, animals, and oilseeds, will enable speedy expansion of the market, states Fortune Business Insights,

    Browse Complete Report Summary: https://www.fortunebusinessinsights.com/oleochemicals-market-106250
    Oleochemicals Industry Demand, Recent Trends, Size and Share Estimation by 2028 with Top Players The global oleochemicals market size is expected to reach USD 52.04 billion by 2028, exhibiting a CAGR of 6.4% between 2021 and 2028. The growing emphasis on natural oils & fats obtained from living feedstock, including plants, animals, and oilseeds, will enable speedy expansion of the market, states Fortune Business Insights, Browse Complete Report Summary: https://www.fortunebusinessinsights.com/oleochemicals-market-106250
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    Oleochemicals Market Size, Share, Trends | Growth [2022-2029]
    The global oleochemicals market is projected to grow from $35.43 billion in 2022 to $54.43 billion by 2029, at a CAGR of 6.3% in forecast period, 2022-2029
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  • The global oleochemicals market size is expected to reach USD 52.04 billion by 2028, exhibiting a CAGR of 6.4% between 2021 and 2028. The growing emphasis on natural oils & fats obtained from living feedstock, including plants, animals, and oilseeds, will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Oleochemicals Market, 2021-2028.” The market size stood at USD 31.42 billion in 2020.

    Browse Complete Report Summary:

    https://www.fortunebusinessinsights.com/oleochemicals-market-106250
    The global oleochemicals market size is expected to reach USD 52.04 billion by 2028, exhibiting a CAGR of 6.4% between 2021 and 2028. The growing emphasis on natural oils & fats obtained from living feedstock, including plants, animals, and oilseeds, will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Oleochemicals Market, 2021-2028.” The market size stood at USD 31.42 billion in 2020. Browse Complete Report Summary: https://www.fortunebusinessinsights.com/oleochemicals-market-106250
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    Oleochemicals Market Size, Growth | Trends Outlook [2028]
    The global Oleochemicals market is projected to grow from USD 33.65 billion in 2021 to USD 52.04 billion in 2028 at a CAGR of 6.4% in forecast period, 2021-2028
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  • Water Electrolysis Market - Focuses on End-Use Application, Electrolyzer Type and Region upto 2031 | BIS Reports

    Water electrolysis is one of the clean methods for the production of hydrogen and is highly sustainable as there are no emissions and the feedstock used for hydrogen production is water.

    To know more visit: https://bisresearch.com/industry-report/water-electrolysis-market.html
    Water Electrolysis Market - Focuses on End-Use Application, Electrolyzer Type and Region upto 2031 | BIS Reports Water electrolysis is one of the clean methods for the production of hydrogen and is highly sustainable as there are no emissions and the feedstock used for hydrogen production is water. To know more visit: https://bisresearch.com/industry-report/water-electrolysis-market.html
    BISRESEARCH.COM
    Water Electrolysis Market - A Global and Regional Analysis: Focus on End-Use Application, Electrolyzer Type, and Region - Analysis and Forecast, 2022-2031
    Water Electrolysis Market to grow at a significant CAGR 35.4%. Water Electrolysis Market report by BIS Research provides deep market insight, industry analysis, trends & Strategies and Implementation that will help your business to grow.
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  • Gasification Market is estimated to be US$ 203.37 billion by 2030 with a CAGR of 7.6% during the forecast period

    The report " Global Gasification Market, By Feedstock Type (Coal, Petroleum Coke, Natural Gas, and Biomass), By Gasifier Type (Moving/Fixed Bed, Fluidized Bed, Entrained, and Others), By Application (Chemicals, Liquid Fuels, Power, and Gas Fuels), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’

    To know the upcoming trends and insights prevalent in this market, click the link below:

    https://www.prophecymarketinsights.com/market_insight/Global-Gasification-Market-By-Feedstock-593
    Gasification Market is estimated to be US$ 203.37 billion by 2030 with a CAGR of 7.6% during the forecast period The report " Global Gasification Market, By Feedstock Type (Coal, Petroleum Coke, Natural Gas, and Biomass), By Gasifier Type (Moving/Fixed Bed, Fluidized Bed, Entrained, and Others), By Application (Chemicals, Liquid Fuels, Power, and Gas Fuels), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’ To know the upcoming trends and insights prevalent in this market, click the link below: https://www.prophecymarketinsights.com/market_insight/Global-Gasification-Market-By-Feedstock-593
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    Gasification Market Size, Trends And Forecast To 2030
    The Gasification Market is estimated to be US$ 203.37 billion by 2030 with a CAGR of 7.6% during the forecast period
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  • Biochar Market is estimated to be US$ 6189.16 million by 2030 with a CAGR of 14.7% during the forecast period

    The Report "Global Biochar Market, By Application (Gardening, Agriculture, and Household), By Feedstock (Agricultural Waste, Forestry Waste, Animal Manure, and Biomas Production), By Technology (Microwave Pyrolysis, Batch Pyrolysis, Continuous Pyrolysis Kiln, and Gasifier and Cookstove), By Manufacturing Process (Gasification, Fast and Intermediate Pyrolysis, and Slow Pyrolysis), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029’’

    https://www.prophecymarketinsights.com/market_insight/Global-Biochar-Market-By-Application-3632

    Biochar Market is estimated to be US$ 6189.16 million by 2030 with a CAGR of 14.7% during the forecast period The Report "Global Biochar Market, By Application (Gardening, Agriculture, and Household), By Feedstock (Agricultural Waste, Forestry Waste, Animal Manure, and Biomas Production), By Technology (Microwave Pyrolysis, Batch Pyrolysis, Continuous Pyrolysis Kiln, and Gasifier and Cookstove), By Manufacturing Process (Gasification, Fast and Intermediate Pyrolysis, and Slow Pyrolysis), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029’’ https://www.prophecymarketinsights.com/market_insight/Global-Biochar-Market-By-Application-3632
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    Biochar Market Size, Trends And Forecast To 2030
    The Biochar Market is estimated to be US$ 6189.16 million by 2030 with a CAGR of 14.7% during the forecast period
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  • Synthetic Rubber Market Size, Share, Trends, Growth Factors, Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2029
    The synthetic rubber market size was pegged at USD 28.89 billion in 2021. The market is anticipated to rise from USD 29.86 billion in 2022 to USD 41.73 billion by 2029 at a 4.9% CAGR during the forecast period. Fortune Business Insights™ has elucidated these insights in its latest research report, titled, “Synthetic Rubber Market, 2022-2029.”

    According to the study, artificial elastomer has gained an uptick following the need for high tensile strength, recyclability and resistance to abrasion and swelling. Growing investments in research & development activities and demand from construction, aerospace, and construction sectors will augur well for the business outlook. Industry players expect the ensuing period to provide promising growth opportunities with rising demand from the end-users.


    Report Coverage

    The report offers a comprehensive perspective of the market size, share, volume, and revenue. It has also delved into SWOT analysis and Porters’ Five Force Analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

    Drivers and Restraints

    Notable Trends from Automotive Sector to Propel Industry Outlook

    The synthetic rubber market share will witness an upward trajectory on the back of surging demand for anti-slip properties across tire applications, including door & window profiles, flooring, O-rings & gaskets, hoses and belts. The automotive sector is likely to exhibit traction for synthetic rubber following the need for abrasion and temperature resistance. It is worth noting that artificial rubber has gained an uptick owing to its suitability for applications in environments exposed to high temperatures, greases, chemicals and oxidizing compounds.

    However, potential health issues, including shortness of breath, asthma and stroke, could challenge industry players vying to boost their portfolios.

    Key Industry Development

    April 2020 - SIBUR’s Krasnoyarsk started its commercial manufacturing of synthetic nitrile butadiene rubber (NBR) latex with an annual capacity of 3.5 KT. The aim of the project is to develop a feedstock base for import substitution of diagnostic exam gloves through the localization of manufacturing in Russia. Hence, this development will help the company to set the stage for the development of the latex manufacturing industry.

    Browse Summary:

    https://www.fortunebusinessinsights.com/synthetic-rubber-market-102144
    Synthetic Rubber Market Size, Share, Trends, Growth Factors, Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2029 The synthetic rubber market size was pegged at USD 28.89 billion in 2021. The market is anticipated to rise from USD 29.86 billion in 2022 to USD 41.73 billion by 2029 at a 4.9% CAGR during the forecast period. Fortune Business Insights™ has elucidated these insights in its latest research report, titled, “Synthetic Rubber Market, 2022-2029.” According to the study, artificial elastomer has gained an uptick following the need for high tensile strength, recyclability and resistance to abrasion and swelling. Growing investments in research & development activities and demand from construction, aerospace, and construction sectors will augur well for the business outlook. Industry players expect the ensuing period to provide promising growth opportunities with rising demand from the end-users. Report Coverage The report offers a comprehensive perspective of the market size, share, volume, and revenue. It has also delved into SWOT analysis and Porters’ Five Force Analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals. Drivers and Restraints Notable Trends from Automotive Sector to Propel Industry Outlook The synthetic rubber market share will witness an upward trajectory on the back of surging demand for anti-slip properties across tire applications, including door & window profiles, flooring, O-rings & gaskets, hoses and belts. The automotive sector is likely to exhibit traction for synthetic rubber following the need for abrasion and temperature resistance. It is worth noting that artificial rubber has gained an uptick owing to its suitability for applications in environments exposed to high temperatures, greases, chemicals and oxidizing compounds. However, potential health issues, including shortness of breath, asthma and stroke, could challenge industry players vying to boost their portfolios. Key Industry Development April 2020 - SIBUR’s Krasnoyarsk started its commercial manufacturing of synthetic nitrile butadiene rubber (NBR) latex with an annual capacity of 3.5 KT. The aim of the project is to develop a feedstock base for import substitution of diagnostic exam gloves through the localization of manufacturing in Russia. Hence, this development will help the company to set the stage for the development of the latex manufacturing industry. Browse Summary: https://www.fortunebusinessinsights.com/synthetic-rubber-market-102144
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    Synthetic Rubber Market Size, Share & Growth | Report [2029]
    The global synthetic rubber market is projected to grow from $29.86 billion in 2022 to $41.73 billion by 2029, at a CAGR of 4.9% in forecast period, 2022-2029
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  • Bio-based Chemicals Market Industry Statistics, Global Trends Evaluation, Geographical Segmentation and Investment Opportunities till 2028
    The global Bio-based chemicals market size amounted to USD 73.16 billion in 2020. The market is predicted to grow from USD 77.10 billion in 2021 to USD 144.63 billion in 2028 at a CAGR of 9.4% during the forecast period. The increasing consumption of Bio-based solutions to ensure environmental sustainability will propel the market forward during the projected timeframe, states Fortune Business Insights in its report titled “Bio-based Chemicals Market, 2021-2028."

    Bio-based chemicals are derived from Bio-based sources such as sugar, corn, biodegradable waste, cellulosic feedstock, or biomass. The demand for these chemicals is rising across several industries including food & beverage, pharmaceutical, automotive, textiles, and others. This rise in demand is due to depleting petroleum resources and growing unavailability of conventional fossil fuel based products. The growing need for sustainable solutions across industries will foster the market growth in the forthcoming years.

    Market Segments:

    Based on product category, the market is segmented into adhesives, platform chemicals, paints, coatings, inks & dyes, polymers for plastics, surfactants, adhesives, cosmetics & personal care products, man made fibers, and others.

    In terms of application, the market is divided into agricultural, industrial, pharmaceutical, and others.

    Geographically, the market broken down into North America, Asia Pacific, Europe, and the Rest of the World.

    Drivers & Restraints:

    Depleting Fossil Fuel Resources to Provide Momentum to Market

    Bio-based chemicals market growth is driven by the depletion of fossil fuel resources and rising greenhouse gas emissions. These factors have led to increased adoption of biomaterials. Ongoing initiatives to limit harmful emissions is supporting the adoption of Bio-based products across industries. The growing concept of green chemistry will further boost this adoption rate. Supportive government initiatives to limit the usage of harmful chemicals will work in favor of the market growth.

    However, the market development could be hampered by the high cost of the product.

    Regional Insights:

    Europe registered revenue gains worth USD 35.59 billion in 2020 and will dominate the Bio-based chemicals market share over the assessment period. Leading position of the region can be contributed to the growing initiatives by the European Union to promote green and circular economy. Active steps to increase reliance on biomaterials will strengthen the regional outlook.

    The market in Asia Pacific will witness robust growth led by the widespread shift towards Bio-based solutions and tightening environmental regulations. Meanwhile, North America will experience substantial growth led by growing R&D in the field of biomaterials.

    Notable Industry Development:

    December 2020: DuPont Nutrition & Biosciences and Kemira formed a strategic alliance for the formulation and commercialziation of the enzymatic polymerization-based polysaccharide platform technology by DuPont for various applications.

    Browse Summary:

    https://www.fortunebusinessinsights.com/bio-based-chemicals-market-106586

    Bio-based Chemicals Market Industry Statistics, Global Trends Evaluation, Geographical Segmentation and Investment Opportunities till 2028 The global Bio-based chemicals market size amounted to USD 73.16 billion in 2020. The market is predicted to grow from USD 77.10 billion in 2021 to USD 144.63 billion in 2028 at a CAGR of 9.4% during the forecast period. The increasing consumption of Bio-based solutions to ensure environmental sustainability will propel the market forward during the projected timeframe, states Fortune Business Insights in its report titled “Bio-based Chemicals Market, 2021-2028." Bio-based chemicals are derived from Bio-based sources such as sugar, corn, biodegradable waste, cellulosic feedstock, or biomass. The demand for these chemicals is rising across several industries including food & beverage, pharmaceutical, automotive, textiles, and others. This rise in demand is due to depleting petroleum resources and growing unavailability of conventional fossil fuel based products. The growing need for sustainable solutions across industries will foster the market growth in the forthcoming years. Market Segments: Based on product category, the market is segmented into adhesives, platform chemicals, paints, coatings, inks & dyes, polymers for plastics, surfactants, adhesives, cosmetics & personal care products, man made fibers, and others. In terms of application, the market is divided into agricultural, industrial, pharmaceutical, and others. Geographically, the market broken down into North America, Asia Pacific, Europe, and the Rest of the World. Drivers & Restraints: Depleting Fossil Fuel Resources to Provide Momentum to Market Bio-based chemicals market growth is driven by the depletion of fossil fuel resources and rising greenhouse gas emissions. These factors have led to increased adoption of biomaterials. Ongoing initiatives to limit harmful emissions is supporting the adoption of Bio-based products across industries. The growing concept of green chemistry will further boost this adoption rate. Supportive government initiatives to limit the usage of harmful chemicals will work in favor of the market growth. However, the market development could be hampered by the high cost of the product. Regional Insights: Europe registered revenue gains worth USD 35.59 billion in 2020 and will dominate the Bio-based chemicals market share over the assessment period. Leading position of the region can be contributed to the growing initiatives by the European Union to promote green and circular economy. Active steps to increase reliance on biomaterials will strengthen the regional outlook. The market in Asia Pacific will witness robust growth led by the widespread shift towards Bio-based solutions and tightening environmental regulations. Meanwhile, North America will experience substantial growth led by growing R&D in the field of biomaterials. Notable Industry Development: December 2020: DuPont Nutrition & Biosciences and Kemira formed a strategic alliance for the formulation and commercialziation of the enzymatic polymerization-based polysaccharide platform technology by DuPont for various applications. Browse Summary: https://www.fortunebusinessinsights.com/bio-based-chemicals-market-106586
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    Bio-based Chemicals Market Size, Share | Industry Growth, 2028
    The global Bio-based Chemicals market is projected to grow from $77.10 billion in 2021 to $144.63 billion in 2028 at a CAGR of 9.4% in forecast period
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  • Bio-based Chemicals Market Business Opportunities, Top Manufacture, Growth, Research Report, Regional Analysis and Global Forecast to 2028
    The global Bio-based chemicals market size amounted to USD 73.16 billion in 2020. The market is predicted to grow from USD 77.10 billion in 2021 to USD 144.63 billion in 2028 at a CAGR of 9.4% during the forecast period. The increasing consumption of Bio-based solutions to ensure environmental sustainability will propel the market forward during the projected timeframe, states Fortune Business Insights in its report titled “Bio-based Chemicals Market, 2021-2028."

    Bio-based chemicals are derived from Bio-based sources such as sugar, corn, biodegradable waste, cellulosic feedstock, or biomass. The demand for these chemicals is rising across several industries including food & beverage, pharmaceutical, automotive, textiles, and others. This rise in demand is due to depleting petroleum resources and growing unavailability of conventional fossil fuel based products. The growing need for sustainable solutions across industries will foster the market growth in the forthcoming years.

    Market Segments:

    Based on product category, the market is segmented into adhesives, platform chemicals, paints, coatings, inks & dyes, polymers for plastics, surfactants, adhesives, cosmetics & personal care products, man made fibers, and others.

    In terms of application, the market is divided into agricultural, industrial, pharmaceutical, and others.

    Geographically, the market broken down into North America, Asia Pacific, Europe, and the Rest of the World.

    Drivers & Restraints:

    Depleting Fossil Fuel Resources to Provide Momentum to Market

    Bio-based chemicals market growth is driven by the depletion of fossil fuel resources and rising greenhouse gas emissions. These factors have led to increased adoption of biomaterials. Ongoing initiatives to limit harmful emissions is supporting the adoption of Bio-based products across industries. The growing concept of green chemistry will further boost this adoption rate. Supportive government initiatives to limit the usage of harmful chemicals will work in favor of the market growth.

    However, the market development could be hampered by the high cost of the product.

    Regional Insights:

    Europe registered revenue gains worth USD 35.59 billion in 2020 and will dominate the Bio-based chemicals market share over the assessment period. Leading position of the region can be contributed to the growing initiatives by the European Union to promote green and circular economy. Active steps to increase reliance on biomaterials will strengthen the regional outlook.

    The market in Asia Pacific will witness robust growth led by the widespread shift towards Bio-based solutions and tightening environmental regulations. Meanwhile, North America will experience substantial growth led by growing R&D in the field of biomaterials.

    Notable Industry Development:

    December 2020: DuPont Nutrition & Biosciences and Kemira formed a strategic alliance for the formulation and commercialziation of the enzymatic polymerization-based polysaccharide platform technology by DuPont for various applications.

    Browse Summary:

    https://www.fortunebusinessinsights.com/bio-based-chemicals-market-106586

    Bio-based Chemicals Market Business Opportunities, Top Manufacture, Growth, Research Report, Regional Analysis and Global Forecast to 2028 The global Bio-based chemicals market size amounted to USD 73.16 billion in 2020. The market is predicted to grow from USD 77.10 billion in 2021 to USD 144.63 billion in 2028 at a CAGR of 9.4% during the forecast period. The increasing consumption of Bio-based solutions to ensure environmental sustainability will propel the market forward during the projected timeframe, states Fortune Business Insights in its report titled “Bio-based Chemicals Market, 2021-2028." Bio-based chemicals are derived from Bio-based sources such as sugar, corn, biodegradable waste, cellulosic feedstock, or biomass. The demand for these chemicals is rising across several industries including food & beverage, pharmaceutical, automotive, textiles, and others. This rise in demand is due to depleting petroleum resources and growing unavailability of conventional fossil fuel based products. The growing need for sustainable solutions across industries will foster the market growth in the forthcoming years. Market Segments: Based on product category, the market is segmented into adhesives, platform chemicals, paints, coatings, inks & dyes, polymers for plastics, surfactants, adhesives, cosmetics & personal care products, man made fibers, and others. In terms of application, the market is divided into agricultural, industrial, pharmaceutical, and others. Geographically, the market broken down into North America, Asia Pacific, Europe, and the Rest of the World. Drivers & Restraints: Depleting Fossil Fuel Resources to Provide Momentum to Market Bio-based chemicals market growth is driven by the depletion of fossil fuel resources and rising greenhouse gas emissions. These factors have led to increased adoption of biomaterials. Ongoing initiatives to limit harmful emissions is supporting the adoption of Bio-based products across industries. The growing concept of green chemistry will further boost this adoption rate. Supportive government initiatives to limit the usage of harmful chemicals will work in favor of the market growth. However, the market development could be hampered by the high cost of the product. Regional Insights: Europe registered revenue gains worth USD 35.59 billion in 2020 and will dominate the Bio-based chemicals market share over the assessment period. Leading position of the region can be contributed to the growing initiatives by the European Union to promote green and circular economy. Active steps to increase reliance on biomaterials will strengthen the regional outlook. The market in Asia Pacific will witness robust growth led by the widespread shift towards Bio-based solutions and tightening environmental regulations. Meanwhile, North America will experience substantial growth led by growing R&D in the field of biomaterials. Notable Industry Development: December 2020: DuPont Nutrition & Biosciences and Kemira formed a strategic alliance for the formulation and commercialziation of the enzymatic polymerization-based polysaccharide platform technology by DuPont for various applications. Browse Summary: https://www.fortunebusinessinsights.com/bio-based-chemicals-market-106586
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    Bio-based Chemicals Market Size, Share | Industry Growth, 2028
    The global Bio-based Chemicals market is projected to grow from $77.10 billion in 2021 to $144.63 billion in 2028 at a CAGR of 9.4% in forecast period
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