Market by Type, End-users, and Country | Forecast 2019-2028
Triton’s report suggests that the Latin America bio-based chemicals market is probable to grow at a CAGR of 13.69% during the anticipated period 2019-2028.
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The countries
scrutinized in this market include:
• Brazil
• Mexico
• Rest of Latin America
In Latin America, the
bio-based chemicals market is primarily motivated by government actions to
promote the use of biodegradable plastic bags over traditional plastic bags.
For instance, the Brazilian government has initiated a ban on petroleum-based
plastic grocery bags, directing supermarkets to use plant-based plastic bags.
Moreover, as per this law, the grocers are eligible only to provide
biodegradable bags. Whereas, the distribution of non-biodegradable plastic bags
can cause the stores to pay hefty fines. This measure is expected to increase
the demand for biodegradable bags, heightening the need for bioplastics. Hence,
the growth in biodegradable plastic bags opens up several growth opportunities
for the bio-based chemicals market in Brazil, and across the region.
Similarly, Mexico’s
authorities have imposed a law that has banned non-biodegradable plastics,
further expecting all stores to provide biodegradable bags to the customers.
This would increase the demand for bioplastics, and, in turn, biochemicals.
Furthermore, the growing adoption of biodegradable plastics by numerous
companies is also propelling the market’s development in the country.
Bioplastics are an example of eco-friendly products as they are formed through
a less polluting process in the petrochemical industry. Therefore, the rise in
the adoption of bioplastics generates potential growth opportunities for the
bio-based chemicals market in Mexico.
Braskem SA is a thermoplastic resin provider that produces, distributes, and markets petrochemical and plastic resins. Its product portfolio entails ethylene, polymer and chemical-grade propylene, automotive gasoline, butadiene, and other basic petrochemicals. The company distributes agrochemicals, flavor and fragrance, household and industrial products, adhesives, and more. Braskem’s operations are in different regions, including Latin America. The company’s headquarter is located in Sao Paulo, Brazil.
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VIEW REPORT1. LATIN
AMERICA BIO-BASED CHEMICALS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. AGRICULTURE
TO BE FASTEST-GROWING SEGMENT
2.2.2. 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. LATIN
AMERICA 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. LATIN
AMERICA 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. LATIN
AMERICA BIO-BASED CHEMICALS MARKET - REGIONAL OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. REST
OF LATIN AMERICA
COMPETITIVE LANDSCAPE
5.4. ABENGOA
SA
5.5. BASF
SE
5.6. BRASKEM
SA
5.7. CARGILL
INCORPORATED
5.8. CORBION
NV
5.9. DANIMER
SCIENTIFIC INC
5.10. METHANEX CORPORATION
5.11. MITSUBISHI CHEMICAL
CORPORATION
5.12. MITSUI & CO LTD
5.13. NATUREWORKS LLC
5.14. NOVOZYMES
5.15. PTT GLOBAL CHEMICAL PUBLIC
COMPANY LIMITED
5.16. ROYAL DSM NV
5.17. TEIJIN LIMITED
6. RESEARCH
METHODOLOGY & SCOPE
6.1. RESEARCH
SCOPE & DELIVERABLES
6.2. SOURCES
OF DATA
6.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
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: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 14: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY BIOPLASTICS, 2019-2028 (IN $ MILLION)
TABLE 15: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 16: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY NON-BIODEGRADABLE PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 17: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY BIOFUELS, 2019-2028 (IN $ MILLION)
TABLE 18: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 19: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY INDUSTRIAL CHEMICALS, 2019-2028 (IN $ MILLION)
TABLE 20: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY PHARMACEUTICALS, 2019-2028 (IN $ MILLION)
TABLE 21: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, 2019-2028 (IN $ MILLION)
TABLE 22: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)
TABLE 23: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
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: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY BIOPLASTICS, 2019-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE, 2019-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY PLA, 2019-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
BIO-BASED CHEMICALS MARKET, BY PHA, 2019-2028 (IN $ MILLION)
FIGURE 10: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY REGENERATED CELLULOSE, 2019-2028 (IN $
MILLION)
FIGURE 11: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY BIO-DEGRADABLE POLYESTER, 2019-2028 (IN
$ MILLION)
FIGURE 12: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY OTHER BIO-DEGRADABLE PLASTICS, 2019-2028
(IN $ MILLION)
FIGURE 13: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY NON-BIODEGRADABLE, 2019-2028 (IN $
MILLION)
FIGURE 14: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY BIO PET, 2019-2028 (IN $ MILLION)
FIGURE 15: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY BIO PE, 2019-2028 (IN $ MILLION)
FIGURE 16: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY BIO PA, 2019-2028 (IN $ MILLION)
FIGURE 17: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY OTHER NON-BIODEGRADABLE PLASTICS,
2019-2028 (IN $ MILLION)
FIGURE 18: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY BIOFUELS, 2019-2028 (IN $ MILLION)
FIGURE 19: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY BIO-DIESEL, 2019-2028 (IN $ MILLION)
FIGURE 20: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY BIOGAS, 2019-2028 (IN $ MILLION)
FIGURE 21: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY SOLID BIOMASS, 2019-2028 (IN $ MILLION)
FIGURE 22: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY INDUSTRIAL CHEMICAL, 2019-2028 (IN $
MILLION)
FIGURE 23: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY SUCCINIC ACID, 2019-2028 (IN $ MILLION)
FIGURE 24: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY ALCOHOL, 2019-2028 (IN $ MILLION)
FIGURE 25: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY BIO-BASED DYES, 2019-2028 (IN $ MILLION)
FIGURE 26: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY LACTIC ACID, 2019-2028 (IN $ MILLION)
FIGURE 27: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY GLYCEROL, 2019-2028 (IN $ MILLION)
FIGURE 28: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY ACRYLIC ACID, 2019-2028 (IN $ MILLION)
FIGURE 29: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY OTHER INDUSTRIAL CHEMICALS, 2019-2028
(IN $ MILLION)
FIGURE 30: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY PHARMACEUTICALS, 2019-2028 (IN $
MILLION)
FIGURE 31: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY ENZYMES, 2019-2028 (IN $ MILLION)
FIGURE 32: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY AMINO ACID, 2019-2028 (IN $ MILLION)
FIGURE 33: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY VITAMINS & RELATED COMPOUNDS,
2019-2028 (IN $ MILLION)
FIGURE 34: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY ANTIBIOTICS, 2019-2028 (IN $ MILLION)
FIGURE 35: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY OTHER PHARMACEUTICALS, 2019-2028 (IN $
MILLION)
FIGURE 36: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, 2019-2028 (IN $ MILLION)
FIGURE 37: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY ALCOHOLIC BEVERAGES, 2019-2028 (IN $
MILLION)
FIGURE 38: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY OTHER FOOD PRODUCTS, 2019-2028 (IN $
MILLION)
FIGURE 39: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)
FIGURE 40: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY BIO-FERTILIZERS, 2019-2028 (IN $ MILLION)
FIGURE 41: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY BIOPESTICIDES, 2019-2028 (IN $ MILLION)
FIGURE 42: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, BY OTHER AGRICULTURE, 2019-2028 (IN $
MILLION)
FIGURE 43: LATIN
AMERICA BIO-BASED CHEMICALS MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 44: BRAZIL
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 45: MEXICO
BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 46: REST OF
LATIN AMERICA BIO-BASED CHEMICALS MARKET 2019-2028 (IN $ MILLION)