Lucintel Forecasts The Global Bio-based Chemical Market To Reach $137 Billion By 2030

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According to a market report by Lucintel, the future of the global bio-based chemical market looks promising with opportunities in the food & beverage, agriculture, automotive, personal care, packaging, detergent & cleaner, paint & coating, adhesives & sealant, pharmaceutical, and paint dispersion markets. The global bio-based chemical market is expected to reach an estimated $137 billion by 2030 from $87 billion in 2024 at a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing consumer demand for eco-friendly products, stringent environmental regulations, and dependence on fossil fuels and environmental concerns.
A more than 150-page report to understand trends, opportunity and forecast in global bio-based chemical market to 2030 by product (bio-lubricants, bio-solvents, bio-alcohols, bio-based acids, and others), application (food & beverages, agriculture, automotive, personal care, packaging, detergents & cleaner, paints & coating, adhesives & sealants, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts ...
... that bio-alcohol will remain the largest segment over the forecast period due to growing demand from major end-use sectors such as food and beverage, pharmaceutical, cosmetics, and personal care.
Within this market, paint & coating will remain the largest segment due to growing demand for environmentally friendly and sustainable substitutes for conventional petroleum-based chemicals.
Download sample by clicking on bio-based chemical market.
APAC is expected to witness highest growth over the forecast period due to growing agricultural sector and increasing awareness towards sustainability & environmental concerns in the region.
Integra BASF, Cargill, DSM, Champlor, Mitsubishi Chemical, Braskem, Vertec BioSolvents, Genomatica, DowDuPont, Toray Industries are the major suppliers in the bio-based chemical market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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