ASIA-PACIFIC BIO-BASED CHEMICALS MARKET 2019-2028

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ASIA-PACIFIC BIO-BASED CHEMICALS MARKET 2019-2028

Market by Type, End-users, and Country | Forecast 2019-2028

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The Asia-Pacific bio-based chemicals market is anticipated to register growth at 13.83% of CAGR during the estimated period 2019-2028.


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The countries considered in this market include:

•        India

•        China

•        Japan

•        Australia & New Zealand

•        South Korea

•        ASEAN countries

•        Rest of APAC

In the Asia Pacific, the shift in the consumer preference towards organic products, and rising environmental concerns owing to the use of synthetic petroleum-based chemicals, are factors augmenting the growth of the bio-based chemicals market. Further, the thriving manufacturing sector, along with favorable government initiatives in China and Japan, are also supplementing the market’s development. For instance, the Japanese government is constantly monitoring the harmful effects of traditional chemicals, in turn, encouraging the industries to adopt bio-based chemicals in their operations.

Furthermore, several stringent environmental laws and policies are implemented by the government authorities in the region’s countries to encourage the use of bio-based chemicals. In China, under the National Environment Policy, the government environmental authorities penalize and seize properties in the case of illegal pollution. Such stringent laws would compel manufacturers to concentrate on producing eco-friendly and sustainable chemicals in the country, thereby boosting China’s bio-based chemicals market.

In Japan, the various strategies adopted by leading market players have influenced the demand for bioplastics. The D&L Industries announced its aim to finalize a new portfolio of bio-degradable plastic products that can replace the country’s conventional non-biodegradable plastic bags. This indicates the involvement of companies to develop and market bioplastics products, further improving their adoption. Hence, the rise in the adoption of eco-friendly products like bioplastics will simultaneously propel the bio-based chemicals market on a growth path.

Mitsubishi Chemical Corporation is known as an investment holding company mainly engaged in the manufacturing and distribution of chemicals, polymers, and designed materials. It also delivers products relating to the healthcare, industrial, and electronics sector. The corporation offers engineering services, logistics services, and warehousing services to its vast clientele base. Mitsubishi operates through its subsidiaries across various regions, and has its headquarter in Tokyo, Japan. 

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Table of Content

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

2.4.1.   THREAT OF NEW ENTRANTS

2.4.2.   THREAT OF SUBSTITUTE

2.4.3.   BARGAINING POWER OF BUYERS

2.4.4.   BARGAINING POWER OF SUPPLIERS

2.4.5.   THREAT OF COMPETITIVE RIVALRY

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

List of table

TABLE 1: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)      

TABLE 2: VENDOR SCORECARD        

TABLE 3: SOME OF THE POLICIES RELATED TO BIOPLASTICS IN KEY COUNTRIES         

TABLE 4: VARIOUS INITIATIVES TAKEN BY DIFFERENT COUNTRIES 

TABLE 5: MARKET POTENTIAL IN TERMS OF CHEMICAL BY VARIOUS COMPANIES         

TABLE 6: WORLD BIO-BASED MARKET PENETRATION 2010-2025       

TABLE 7: AUTOMOTIVE MANUFACTURERS USING BIOPOLYMERS IN THEIR MANUFACTURING

TABLE 8: APPLICATIONS OF GLYCEROL      

TABLE 9: APPLICATION OF AMINO ACIDS    

TABLE 10: CATEGORIES OF ALCOHOLIC BEVERAGES   

TABLE 11: INSTANCES OF BIO-FERTILIZERS          

TABLE 12: BENEFITS OF BIOPESTICIDES AND ITS FACTORS   

TABLE 13: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)      

TABLE 14: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOPLASTICS, 2019-2028 (IN $ MILLION)   

TABLE 15: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE PLASTICS, 2019-2028 (IN $ MILLION)  

TABLE 16: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY NON-BIODEGRADABLE PLASTICS, 2019-2028 (IN $ MILLION)  

TABLE 17: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOFUELS, 2019-2028 (IN $ MILLION)      

TABLE 18: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY END-USER, 2019-2028 (IN $ MILLION)      

TABLE 19: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY INDUSTRIAL CHEMICALS, 2019-2028 (IN $ MILLION)

TABLE 20: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY PHARMACEUTICALS, 2019-2028 (IN $ MILLION)          

TABLE 21: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, 2019-2028 (IN $ MILLION)          

TABLE 22: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)        

TABLE 23: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: KEY IMPACT ANALYSIS     

FIGURE 3: REGION WISE PRODUCTION CAPABILITY OF BIOPLASTICS IN 2019 (IN %)      

FIGURE 4: WORLDWIDE CRUDE OIL PRICE TREND 2009-2018 ($/BARREL)  

FIGURE 5: WORLDWIDE PRODUCTION OF BIOPLASTICS 2018-2024 (IN ‘000 TONS)          

FIGURE 6: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOPLASTICS, 2019-2028 (IN $ MILLION)   

FIGURE 7: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE, 2019-2028 (IN $ MILLION)          

FIGURE 8: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY PLA, 2019-2028 (IN $ MILLION)      

FIGURE 9: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY PHA, 2019-2028 (IN $ MILLION)      

FIGURE 10: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY REGENERATED CELLULOSE, 2019-2028 (IN $ MILLION)          

FIGURE 11: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE POLYESTER, 2019-2028 (IN $ MILLION)          

FIGURE 12: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY OTHER BIO-DEGRADABLE PLASTICS, 2019-2028 (IN $ MILLION)  

FIGURE 13: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY NON-BIODEGRADABLE, 2019-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIO PET, 2019-2028 (IN $ MILLION)      

FIGURE 15: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIO PE, 2019-2028 (IN $ MILLION)      

FIGURE 16: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIO PA, 2019-2028 (IN $ MILLION)      

FIGURE 17: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY OTHER NON-BIODEGRADABLE PLASTICS, 2019-2028 (IN $ MILLION)   

FIGURE 18: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOFUELS, 2019-2028 (IN $ MILLION)      

FIGURE 19: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIO-DIESEL, 2019-2028 (IN $ MILLION)      

FIGURE 20: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOGAS, 2019-2028 (IN $ MILLION)      

FIGURE 21: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY SOLID BIOMASS, 2019-2028 (IN $ MILLION)        

FIGURE 22: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY INDUSTRIAL CHEMICAL, 2019-2028 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY SUCCINIC ACID, 2019-2028 (IN $ MILLION)        

FIGURE 24: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY ALCOHOL, 2019-2028 (IN $ MILLION)      

FIGURE 25: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIO-BASED DYES, 2019-2028 (IN $ MILLION)          

FIGURE 26: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY LACTIC ACID, 2019-2028 (IN $ MILLION)   

FIGURE 27: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY GLYCEROL, 2019-2028 (IN $ MILLION)      

FIGURE 28: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY ACRYLIC ACID, 2019-2028 (IN $ MILLION)        

FIGURE 29: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY OTHER INDUSTRIAL CHEMICALS, 2019-2028 (IN $ MILLION)          

FIGURE 30: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY PHARMACEUTICALS, 2019-2028 (IN $ MILLION)          

FIGURE 31: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY ENZYMES, 2019-2028 (IN $ MILLION)      

FIGURE 32: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY AMINO ACID, 2019-2028 (IN $ MILLION)   

FIGURE 33: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY VITAMINS & RELATED COMPOUNDS, 2019-2028 (IN $ MILLION)       

FIGURE 34: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY ANTIBIOTICS, 2019-2028 (IN $ MILLION)   

FIGURE 35: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY OTHER PHARMACEUTICALS, 2019-2028 (IN $ MILLION)      

FIGURE 36: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, 2019-2028 (IN $ MILLION)          

FIGURE 37: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY ALCOHOLIC BEVERAGES, 2019-2028 (IN $ MILLION)

FIGURE 38: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY OTHER FOOD PRODUCTS, 2019-2028 (IN $ MILLION)

FIGURE 39: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)        

FIGURE 40: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIO-FERTILIZERS, 2019-2028 (IN $ MILLION)          

FIGURE 41: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOPESTICIDES, 2019-2028 (IN $ MILLION)        

FIGURE 42: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, BY OTHER AGRICULTURE, 2019-2028 (IN $ MILLION)

FIGURE 43: ASIA-PACIFIC BIO-BASED CHEMICALS MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)    

FIGURE 44: CHINA BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)      

FIGURE 45: JAPAN BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)      

FIGURE 46: INDIA BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)        

FIGURE 47: SOUTH KOREA BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)  

FIGURE 48: ASEAN COUNTRIES BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)           

FIGURE 49: AUSTRALIA & NEW ZEALAND BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)      

FIGURE 50: REST OF ASIA-PACIFIC BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)       

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