Technavio Publishes Global Bio-Based Platform Chemicals Market 2015-2019 Report
31 March 2015 - 1:05AM
Business Wire
Technavio has published a new report on the Global Bio-Based
Platform Chemicals Market, which is expected to grow at a CAGR
of 13.82 percent from 2015-2019.
About the Report
According to the latest report by Technavio, the push towards
sustainability and a greener environment have forced the
governments of many countries to shift to the production of
bio-based platform chemicals.
“The European Union and industry leaders have launched a new
European Joint Undertaking on Bio-based Industries, which will
contribute hugely to the European market for the production of
bio-based products,” says Faisal Ghaus, Vice President of
Technavio.
The latest report by Technavio also emphasizes economic growth
in emerging areas like South America and Africa, which is expected
to help boost market projections.
“Growing awareness and environmental sustainability in emerging
economies will also result in new applications for itaconic acid,
another product in the market. These new applications will
inevitably spur growth in the overall market,” says Ghaus.
Furthermore, advances in technology have led researchers to
produce bio-based platform chemicals using cellulosic biomass,
which is made up of complex sugar molecules from renewable biomass
like corn stover and switchgrass.
Market Scope and Calculation of Market Size
This report covers the present scenario and the growth prospects
of the Global Bio-Based Platform Chemicals Market from 2015-2019.
To calculate the market size, analysts have considered the revenue
generated through bio-based platform chemical products.
Key Information Covered in the Report:
- Key Vendors:
- BASF
- BioAmber
- Braskem
- DSM
- Myriant
- Market Growth Drivers:
- Support and Funding from
Government
- For a full detailed list, view our
report.
- Market Challenges:
- Scarcity of Raw Materials
- For a full detailed list, view our
report.
- Market Trends:
- Growth in Emerging Economies
- For a full detailed list, view our
report.
Technavio currently has more than 3000 market research
reports on a huge range of topics, including 300+ reports on the
chemicals market:
- Global Green Chemicals Market
2014-2018
- Global Aroma Chemicals Market
2015-2019
If you are interested in more information, please contact our
media team at media@technavio.com.
Technavio ResearchJes EllacottUS: +1-630-333-9501UK: +44 208 123
1770Media & Marketing
Executivewww.technavio.commedia@technavio.com