Bio-Based Chemicals Market Research Report - Forecast to 2023

COVID-19 Impact Analysis on Bio-Based Chemicals Market

ID: MRFR/CnM/4251-CR | March, 2019 | Region : Global

COVID 19 Impact Analysis: Bio-Based Chemicals Market


Pre Covid-19, the global bio-based chemicals market was witnessing arise in production. Some of the most widely used bio-based chemicals include biomethanol, bioethanol, glycerol, acetone, lactic acid, 1-butanol, and succinic acid. Bio-based production is slowly and steadily gaining importance globally. Feedstock for bio-based chemicals includes cellulosic feedstock, corn, sugar, etc. Regionally, Asia-Pacific accounts for the largest market share owing to availability of agricultural feedstocks and cheap labour.


The shift in global eating habits during this pandemic has resulted in high demand for basic staples and canned foods. With the strict lockdowns and curfews all across the globe, the stockpiling of long-lasting foods such as wheat, rice, sugar, and others has been witnessed. With the rising demand for agricultural products, including wheat, rice, potatoes, as well as edible oils, the use of agricultural raw materials for production of bio-based chemicals is expected to decline. The companies operating in the global bio-based chemicals market are facing short-term operational issues due to supply chain constraints and lack of site access due to the COVID-19 outbreak.


The pandemic has had a mixed impact on the bio-based sector, with some businesses helping with technological solutions to help fight the outbreak. However, in general, many production lines have closed because of the crisis. The outbreak of COVID-19 has brought effects on many aspects such as flight cancellations, travel bans and quarantines, closed restaurants, massive slowing of the supply chain, stock market volatility, growing panic among the population, and uncertainty about future. In response to COVID-19, major players in this market have started production of PPE products such as masks, hand sanitizers, hospital gowns, and others.


For instance, Italy-based fibre manufacturer Aquafil produces ocean plastic-based nylon via its Econyl brand in China and is one bio-based firm that has kept production lines running despite the Covid-19 outbreak.


In April 2020, NatureWorks has donated the Ingeo biopolymer needed to produce as many as 2 million reusable N95 masks per week from a new spunbond nonwoven structure.


Moreover, The Brooklyn-based design duo of Garrett Benisch and Elizabeth Bridges have developed a prototype face mask grown from microbial cellulose.


For post COVID-19 scenario, bio-based chemicals market remains a long-term opportunity for the chemical industry players.
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TABLE OF CONTENT

2.1 Definition 31

2.1 Scope of the Study 32

2.2 List of Assumptions 32

2.3 Market Structure 33

3.1 Global Market Share, by Region (%) 35

4.1 Research Process 39

4.2 Primary Research 40

4.3 Secondary Research 41

4.4 Market Size Estimation 42

4.5 Forecast Model 42

5.1 Introduction 44

5.2 Drivers 45

5.2.1 Growing Demand for Bio-Based Lubricants 45

5.2.2 Increasing Regulations on Conventional Plastics 45

5.2.3 Increasing Application of Bio-Based Alcohols in the Food & Beverage Industry 56

5.3 Restraint 58

5.3.1 Volatile Raw Material Prices 58

5.4 Opportunity 58

5.4.1 Increasing Number of Lignocellulosic Biorefineries 58

5.5 Mega Trend 59

5.5.1 Increasing Focus on Production Cost Optimization Through Technological Innovation 59

5.6 Macroeconomic Indicators 60

5.6.1 GDP growth 60

5.6.2 Rise in per-capita income couple with increasing spending on food & beverages 62

6.1 Supply Chain Analysis 64

6.1.1 Raw Materials 64

6.1.2 Bio-based Chemicals Manufacturers 65

6.1.3 Distribution Channel 65

6.1.4 Applications 65

6.2 Porter’s Five Forces Analysis 66

6.2.1 Threat of New Entrants 66

6.2.2 Threat of Rivalry 66

6.2.3 Threat of Substitutes 66

6.2.4 Bargaining Power of Suppliers 67

6.2.5 Bargaining Power of Buyers 67

6.3 Pricing Analysis 67

6.4 Raw Material Pricing Analysis 68

6.5 Regulatory Framework 68

6.6 Bio Based Chemicals Trade 71

6.6.1 Import 71

6.6.2 Export 72

7.1 Introduction 75

7.2 Bioplastics 77

7.3 Bio-Lubricants 81

7.4 Bio-Solvents 83

7.5 Bio-Based Acids 85

7.6 Bio-Surfactants 87

7.7 Bio-Alcohols 89

7.8 Others 91

8.1 Introduction 94

8.2 Food & Beverages 96

8.3 Pharmaceuticals 97

8.4 Detergents & Cleaners 98

8.5 Personal Care 99

8.6 Agriculture 100

8.7 Packaging 102

8.8 Paints & Coating 103

8.9 Automotive 104

8.10 Adhesives & Sealants 105

8.11 Paint Dispersion 106

8.12 Others 107

9.1 Introduction 109

9.2 North America 119

9.2.1 US 128

9.2.2 Canada 136

9.3 Europe 144

9.3.1 Germany 153

9.3.2 UK 160

9.3.3 France 168

9.3.4 Spain 176

9.3.5 Italy 184

9.3.6 Russia 192

9.3.7 Belgium 199

9.3.8 Poland 207

9.3.9 The Netherlands 214

9.3.10 Rest of Europe 222

9.4 Asia Pacific 230

9.4.1 China 238

9.4.2 Japan 246

9.4.3 India 253

9.4.4 Thailand 261

9.4.5 Malaysia 269

9.4.6 South Korea 277

9.4.7 Indonesia 284

9.4.8 Australia & New Zealand 292

9.4.9 Rest of Asia-Pacific 299

9.5 Latin America 307

9.5.1 Brazil 316

9.5.2 Mexico 323

9.5.3 Argentina 331

9.5.4 Rest of Latin America 339

9.6 The Middle East and Africa 347

9.6.1 Turkey 356

9.6.2 Israel 364

9.6.3 Saudi Arabia 372

9.6.4 UAE 380

9.6.5 Egypt 388

9.6.6 Rest of Middle East & Africa 396

10.1 Introduction 406

10.2 Market Strategy Analysis 406

10.2.1 Key Developments of Market Players 407

10.3 Production Capacity 410

11.1 BASF SE 412

11.1.1 Company Overview 412

11.1.2 Financial Overview 412

11.1.3 Products Offered 413

11.1.4 Key Developments 414

11.1.5 SWOT Analysis 414

11.1.6 Key Strategies 414

11.2 Vertec BioSolvents 415

11.2.1 Company Overview 415

11.2.2 Financial Overview 415

11.2.3 Products Offered 415

11.2.4 Key Developments 416

11.2.5 SWOT Analysis 416

11.2.6 Key Strategies 416

11.3 AGAE Technologies, LLC 417

11.3.1 Company Overview 417

11.3.2 Financial Overview 417

11.3.3 Products Offered 417

11.3.4 Key Developments 417

11.3.5 SWOT Analysis 418

11.3.6 Key Strategies 418

11.4 TOTAL 419

11.4.1 Company Overview 419

11.4.2 Financial Overview 419

11.4.3 Products Offered 420

11.4.4 Key Developments 420

11.4.5 SWOT Analysis 420

11.4.6 Key Strategies 420

11.5 BioAmber Inc 421

11.5.1 Financial Overview 421

11.5.2 Products Offered 421

11.5.3 Key Developments 421

11.5.4 SWOT Analysis 421

11.5.5 Key Strategies 421

11.6 Archer Daniels Midland Company 422

11.6.1 Company Overview 422

11.6.2 Financial Overview 422

11.6.3 Products Offered 422

11.6.4 Key Developments 423

11.6.5 SWOT Analysis 423

11.6.6 Key Strategies 423

11.7 DowDuPont 424

11.7.1 Company Overview 424

11.7.2 Financial Overview 424

11.7.3 Products Offered 425

11.7.4 Key Developments 426

11.7.5 SWOT Analysis 426

11.7.6 Key Strategies 426

11.8 Braskem SA 427

11.8.1 Company Overview 427

11.8.2 Company Overview 427

11.8.3 Products Offered 428

11.8.4 Key Developments 428

11.8.5 SWOT Analysis 429

11.8.6 Key Strategies 429

11.9 Evonik Industries 430

11.9.1 Company Overview 430

11.9.2 Financial Overview 430

11.9.3 Products Offered 431

11.9.4 Key Developments 432

11.9.5 SWOT Analysis 432

11.9.6 Key Strategies 432

11.10 Toray Industries Inc 433

11.10.1 Company Overview 433

11.10.2 Financial Overview 433

11.10.3 Products Offered 433

11.10.4 Key Developments 434

11.10.5 SWOT Analysis 434

11.10.6 Key Strategies 434

11.11 Cargill, Incorporated 435

11.11.1 Company Overview 435

11.11.2 Financial Overview 435

11.11.3 Products Offered 436

11.11.4 Key Developments 437

11.11.5 SWOT Analysis 438

11.11.6 Key Strategies 438

11.12 Itaconix PLC 439

11.12.1 Company Overview 439

11.12.2 Financial Overview 439

11.12.3 Products Offered 440

11.12.4 Key Developments 440

11.12.5 SWOT Analysis 440

11.12.6 Key Strategies 440

11.13 GFBiochemicals Ltd 441

11.13.1 Company Overview 441

11.13.2 Financial Overview 441

11.13.3 Products Offered 441

11.13.4 Key Developments 441

11.13.5 SWOT Analysis 442

11.13.6 Key Strategies 442

11.14 Mitsubishi Chemical Corporation 443

11.14.1 Company Overview 443

11.14.2 Financial Overview 443

11.14.3 Products Offered 444

11.14.4 Key Developments 444

11.14.5 SWOT Analysis 444

11.14.6 Key Strategies 444

11.15 Royal DSM NV 445

11.15.1 Company Overview 445

11.15.2 Financial Overview 445

11.15.3 Products Offerings 445

11.15.4 Key Developments 446

11.15.5 SWOT Analysis 446

11.15.6 Key Strategy 446

12.1 Headlines 448

12.2 Industry Trends 448

Bio-Based Chemicals Market