바이오 기반 화학제품 시장 예측(-2030년) : 유형별, 유래별, 기술별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Bio-Based Chemicals Market is accounted for $81.6 billion in 2024 and is expected to reach $157.7 billion by 2030 growing at a CAGR of 11.6% during the forecast period. Bio-based chemicals are derived from renewable biological sources such as plants, algae, or waste products, rather than from fossil fuels. These chemicals are produced through processes like fermentation or chemical conversion, using feedstocks like sugars, oils, or lignocellulosic materials. They aim to reduce reliance on petroleum-based inputs, lower greenhouse gas emissions, and promote sustainable practices.

Market Dynamics:

Driver:

Rising demand for sustainable products

The market is experiencing a significant rise in demand driven by increasing consumer and regulatory pressure for sustainable products. Companies are focusing on developing bio-based alternatives to traditional petrochemical products to reduce carbon footprints. This shift towards sustainable solutions is supported by advancements in technology and growing awareness of climate change. They offer a greener option, meeting the needs of environmentally conscious consumers and aligning with global sustainability goals.

Restraint:

Technological challenges

Scaling up laboratory innovations to industrial levels often proves difficult and costly. Additionally, achieving consistent quality and performance in bio-based chemicals compared to traditional petrochemical products remains a challenge. The market also struggles with limited technological infrastructure and a need for advancements in catalyst development and process optimization. Furthermore, the market faces several technological challenges, including the high cost of production due to expensive raw materials and complex processing techniques.

Opportunity:

Diversification of feedstocks

Diversification of feedstocks in the market involves utilizing a range of renewable raw materials, such as agricultural residues, forestry by-products, and even algae, to produce bio-based chemicals. By leveraging diverse feedstocks, companies can improve production efficiency, lower costs, and mitigate risks associated with supply chain disruptions. This strategy also promotes innovation and supports the development of a more resilient and eco-friendly chemical industry.

Threat:

Competition from traditional chemicals

The market faces significant challenges from traditional chemicals, primarily due to cost disparities and established production efficiencies. Traditional chemicals benefit from mature technologies and economies of scale, which result in lower prices and wider availability. In contrast, bio-based chemicals often involve higher production costs and less developed supply chains. This competitive pressure can hinder the adoption of bio-based alternatives, despite their environmental benefits, as industries may prioritize cost-effectiveness over sustainability.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the market by disrupting supply chains, leading to raw material shortages and production delays. The economic downturn reduced consumer spending, affecting demand for bio-based products. However, the crisis also accelerated the push towards sustainable solutions, as companies and consumers increasingly focused on eco-friendly alternatives. This shift prompted innovation and investment in bio-based chemicals, positioning the market for long-term growth despite short-term challenges.

The organic acids segment is expected to be the largest during the forecast period

The organic acids is expected to be the largest during the forecast period. Derived from renewable sources, these acids include lactic acid, citric acid, and acetic acid, which are essential in producing biodegradable plastics, solvents, and additives. Their eco-friendly profile and versatility drive their growing demand. As industries increasingly adopt sustainable practices, organic acids are positioned to meet the rising need for greener alternatives, supporting the expansion of the bio-based chemicals sector.

The cosmetics segment is expected to have the highest CAGR during the forecast period

The cosmetics segment is expected to have the highest CAGR during the forecast period. These cosmetics use bio-based chemicals such as natural emulsifiers, surfactants, and preservatives derived from renewable sources like plant oils and sugars. This shift not only reduces reliance on petrochemical components but also supports the growth of green chemistry. As awareness of environmental impact grows, the bio-based segment within the cosmetics industry continues to expand, driving innovation and consumer preference.

Region with largest share:

North America is projected to hold the largest market share during the forecast period driven by the shift toward sustainable packaging and automotive components. Technological advancements in biotechnology and process engineering are enhancing production efficiency and cost-effectiveness. Key drivers include the rising demand for green alternatives in industries. Additionally, stringent environmental regulations and consumer preference for eco-friendly products are accelerating the shift towards bio-based chemicals.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. This region, with its rapid industrialization and high population density, is shifting towards bio-based chemicals to reduce reliance on fossil fuels and minimize ecological impact. Additionally, favorable policies and incentives for green technology investments are enhancing market dynamics. The expansion of bio-based chemicals aligns with global sustainability goals and offers significant opportunities for businesses in the region to capitalize on the growing trend of eco-friendly products.

Key players in the market

Some of the key players in Bio-Based Chemicals market include BASF SE, Dow Inc., Braskem S.A., Cargill, Inc., NatureWorks LLC, Novozymes A/S, SABIC, Clariant AG, Kraton Corporation, Solvay S.A., Arkema S.A., Mitsubishi Chemical Corporation, LG Chem Ltd., Tate & Lyle PLC, Green Biologics Ltd., Reverdia, TotalEnergies SE and Ginkgo Bioworks.

Key Developments:

In March 2024, TotalEnergies and China Petroleum and Chemical Corporation have signed a Heads of Agreement (HoA) to jointly develop a Sustainable Aviation Fuel (SAF) production unit at a SINOPEC's refinery in China.

In February 2024, Mitsubishi Chemical released new biodegradable biopolyester resins SA916N and SA916F. Due to Mitsubishi Chemical's proprietary material design and manufacturing technology, the new product's high biomass content of more than 60%, flexibility, high tear strength and excellent processing properties are achieved and can be used in various applications.

Types Covered:

• Solvents
• Polymers
• Surfactants
• Organic Acids
• Adhesives
• Specialty Chemicals
• Other Types

Sources Covered:

• Plant-Based
• Animal-Based
• Microbial-Based
• Marine-Based

Technologies Covered:

• Fermentation
• Chemical Synthesis
• Enzymatic Processes
• Other Technologies

Applications Covered:

• Fertilizers
• Herbicides
• Biodegradable Plastics
• Cosmetics
• Lotions
• Other Applications

End Users Covered:

• Agriculture
• Packaging
• Textiles
• Automotive
• Construction
• Healthcare
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Bio-Based Chemicals Market, By Type

• 5.1 Introduction
• 5.2 Solvents
• 5.3 Polymers
• 5.4 Surfactants
• 5.5 Organic Acids
• 5.6 Adhesives
• 5.7 Specialty Chemicals
• 5.8 Other Types

6 Global Bio-Based Chemicals Market, By Source

• 6.1 Introduction
• 6.2 Plant-Based
• 6.3 Animal-Based
• 6.4 Microbial-Based
• 6.5 Marine-Based

7 Global Bio-Based Chemicals Market, By Technology

• 7.1 Introduction
• 7.2 Fermentation
• 7.3 Chemical Synthesis
• 7.4 Enzymatic Processes
• 7.5 Other Technologies

8 Global Bio-Based Chemicals Market, By Application

• 8.1 Introduction
• 8.2 Fertilizers
• 8.3 Herbicides
• 8.4 Biodegradable Plastics
• 8.5 Cosmetics
• 8.6 Lotions
• 8.7 Other Applications

9 Global Bio-Based Chemicals Market, By End User

• 9.1 Introduction
• 9.2 Agriculture
• 9.3 Packaging
• 9.4 Textiles
• 9.5 Automotive
• 9.6 Construction
• 9.7 Healthcare
• 9.8 Other End Users

10 Global Bio-Based Chemicals Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 BASF SE
• 12.2 Dow Inc.
• 12.3 Braskem S.A.
• 12.4 Cargill, Inc.
• 12.5 NatureWorks LLC
• 12.6 Novozymes A/S
• 12.7 SABIC
• 12.8 Clariant AG
• 12.9 Kraton Corporation
• 12.10 Solvay S.A.
• 12.11 Arkema S.A.
• 12.12 Mitsubishi Chemical Corporation
• 12.13 LG Chem Ltd.
• 12.14 Tate & Lyle PLC
• 12.15 Green Biologics Ltd.
• 12.16 Reverdia
• 12.17 TotalEnergies SE
• 12.18 Ginkgo Bioworks