The "Asia-Pacific Bio-Based Chemicals Market 2019-2028" report has been added to ResearchAndMarkets.com's offering.
This report infers that the Asia-Pacific bio-based chemicals market is expected to surge at a CAGR of 13.83% during the years 2019-2028.
In Japan, the government policies promoting the use of bioplastics, along with strategies adopted by numerous companies, are influencing the bio-based chemicals market to a large extent. According to the Agriculture Utilization Research Institute, the Japanese government launched the Kyoto Protocol that comprises strategies to promote the use of biomass to diminish global warming and fossil fuel consumption.
Moreover, this policy also aims to replace conventional plastics with renewable plastic materials, which further indicates the growth of bioplastics in the country. Therefore, the rise in the consumption of bioplastics will influence the demand for bio-based chemicals, adding to the growth of the studied market in Japan.
In India, the packaging industry is expected to grow at a significant rate. Several foreign countries are considering investing in the Indian food sector, specifically in the packaging segment. Such investments indicate positive growth in the packing industry across the nation, which will further enhance the demand for biopolymers for packaging applications.
Additionally, the rise in the adoption of biodegradable plastic bags by private companies and a government ban on plastic bags, influences the demand for bio-based polymers. Hence, the growth in the demand for bioplastic bags opens several growth opportunities for the bio-based chemicals market in India.
COMPETITIVE OUTLOOK
The key market enterprises include Teijin Limited, Mitsubishi Chemical Corporation, Novozymes, Braskem SA, Methanex Corporation, Abengoa SA, BASF SE, and Royal DSM NV.
Key Topics Covered:
1. 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
2.5. 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
For more information about this report visit https://www.researchandmarkets.com/r/6qkw2u
View source version on businesswire.com: https://www.businesswire.com/news/home/20201106005370/en/
