Product Code: GVR-2-68038-793-3
Bio-based Platform Chemicals Market Summary
The global bio-based platform chemicals market size was estimated at USD 14.7 billion in 2024 and is projected to reach USD 24.8 billion by 2033, growing at a CAGR of 5.8% from 2025 to 2033. The growing demand for sustainable and eco-friendly alternatives drives interest in producing chemicals from biomass, a renewable feedstock.
To compete effectively with fossil-based refineries, integrated biorefineries are increasingly being utilized to upgrade biomass using a range of feedstocks and conversion technologies. These biorefineries produce biofuels and bio-based platform chemicals, which are gaining significant traction in the global market. Key platform chemicals are in high demand due to their versatility and potential to replace a wide array of fossil-derived industrial chemicals. Their use as building blocks for a broad spectrum of downstream products underscores their growing importance in transitioning to a bio-based economy. Developing integrated biorefinery systems into the current industrial infrastructure is crucial in establishing a successful bio-based chemical industry. By advancing biorefinery technologies, it becomes possible to efficiently and cost-effectively convert biological raw materials into a wide array of bio-based products.
The transportation sector is the primary driver for advancing and implementing new biorefinery technologies. Meeting regulatory mandates for renewable energy, particularly in the short to medium term, requires significant volumes of renewable fuels. Second-generation biofuels are expected to play a key role in addressing this demand, especially for sectors like heavy-duty road transport and aviation, where alternatives to fossil fuels are limited.
Succinic acid (SA) is recognized as one of the leading platform chemicals due to its broad range of applications across multiple industries. Its molecular structure, featuring two terminal carboxylic acid groups, makes it highly versatile and suitable for conversion into numerous valuable derivatives. The biological production of SA presents a cleaner and more sustainable alternative to traditional methods, with the added benefit of helping to mitigate climate change by capturing carbon dioxide, a major greenhouse gas. This bio-based approach recycles renewable carbon from biomass (an indirect form of CO2) and directly fixes CO2 into SA, offering a carbon-negative production pathway that can significantly reduce atmospheric CO2 levels. These compelling environmental and economic advantages drive a shift from fossil-based to microbial production of SA, a trend supported by several commercial-scale bio-SA facilities established in recent years.
While both conventional (e.g., ethanol, biodiesel) and advanced biofuels (e.g., lignocellulosic ethanol & methanol, butanol) are generally not economically viable under current crude oil price conditions, their market entry often depends on government mandates or financial incentives such as tax breaks. However, such support mechanisms are unlikely to sustain the market long-term. Significant cost reductions in production and the widespread adoption of comprehensive carbon pricing mechanisms will be essential to establish a viable and lasting biofuel market.
Global Bio-based Platform Chemicals Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global bio-based platform chemicals market report based on product and region:
- Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2033)
- Succinic Acid
- Malic Acid
- Hydroxypropionic Acid
- Glucaric Acid
- 1,3-Propanediol (PDO)
- 1,5-Pentanediamine
- Furan Dicarboxylic acid
- Glycerol
- Aspartic Acid
- Itaconic Acid
- Lactic Acid
- Fumaric Acid
- 1,3-Butanediol
- 1,4-Butanediol
- Farnesene
- Isobutanol
- Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2033)
- North America
- Europe
- Germany
- Italy
- France
- UK
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology And Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Bio-based Platform Chemicals Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Bio-based Platform Chemicals Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing Trends
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis, 2018 - 2033
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-Environmental Analysis
Chapter 4. Bio-based Platform Chemicals Market: Product Estimates & Trend Analysis
- 4.1. Application Movement Analysis & Market Share, 2023 & 2033
- 4.2. Succinic Acid
- 4.2.1. Succinic Acid Bio-based Platform Chemicals Market Estimates & Forecast, By Application, 2018 To 2033 (Kilotons) (USD Billion)
- 4.3. Malic Acid
- 4.3.1. Malic Acid Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.4. Hydroxypropionic Acid
- 4.4.1. Hydroxypropionic Acid Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.5. Glucaric Acid
- 4.5.1. Glucaric Acid Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.6. 1,3-Propanediol (PDO)
- 4.6.1. 1,3-Propanediol (PDO) Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.7. 1,5-Pentanediamine
- 4.7.1. 1,5-Pentanediamine Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.8. Furan Dicarboxylic acid
- 4.8.1. Furan Dicarboxylic acid Chemicals Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.9. Glycerol
- 4.9.1. Glycerol Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.10. Aspartic Acid
- 4.10.1. Aspartic Acid Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.11. Itaconic Acid
- 4.11.1. Itaconic Acid Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.12. Lactic Acid
- 4.12.1. Lactic Acid Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.13. Fumaric Acid
- 4.13.1. Fumaric Acid Aspartic Acid Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.14. 1,3-Butanediol
- 4.14.1. 1,3-Butanediol Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.15. 1,4-Butanediol
- 4.15.1. 1,4-Butanediol Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.16. Farnesene
- 4.16.1. Farnesene Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
- 4.17. Isobutanol
- 4.17.1. Isobutanol Bio-based Platform Chemicals Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Billion)
Chapter 5. Bio-based Platform Chemicals Market: Regional Estimates & Trend Analysis
- 5.1. Regional Movement Analysis & Market Share, 2023 & 2033
- 5.2. North America
- 5.2.1. North America Bio-based Platform Chemicals Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.2.2. U.S.
- 5.2.2.1. Key Country Dynamics
- 5.2.2.2. U.S. Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.2.3. Canada
- 5.2.3.1. Key Country Dynamics
- 5.2.3.2. Canada Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.2.4. Mexico
- 5.2.4.1. Key Country Dynamics
- 5.2.4.2. Mexico Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.3. Europe
- 5.3.1. Europe Bio-based Platform Chemicals Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.3.2. Germany
- 5.3.2.1. Key Country Dynamics
- 5.3.2.2. Germany Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.3.3. Italy
- 5.3.3.1. Key Country Dynamics
- 5.3.3.2. Italy Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.3.4. France
- 5.3.4.1. Key Country Dynamics
- 5.3.4.2. France Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.3.5. UK
- 5.3.5.1. Key Country Dynamics
- 5.3.5.2. UK Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.3.6. Spain
- 5.3.6.1. Key Country Dynamics
- 5.3.6.2. Spain Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.4. Asia Pacific
- 5.4.1. Asia Pacific Bio-based Platform Chemicals Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.4.2. China
- 5.4.2.1. Key Country Dynamics
- 5.4.2.2. China Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.4.3. India
- 5.4.3.1. Key Country Dynamics
- 5.4.3.2. India Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.4.4. Japan
- 5.4.4.1. Key Country Dynamics
- 5.4.4.2. Japan Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.4.5. South Korea
- 5.4.5.1. Key Country Dynamics
- 5.4.5.2. South Korea Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.5. Latin America
- 5.5.1. Latin America Bio-based Platform Chemicals Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.5.2. Brazil
- 5.5.2.1. Key Country Dynamics
- 5.5.2.2. Brazil Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.5.3. Argentina
- 5.5.3.1. Key Country Dynamics
- 5.5.3.2. Argentina Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.6. Middle East & Africa
- 5.6.1. Middle East & Africa Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.6.2. Saudi Arabia
- 5.6.2.1. Key Country Dynamics
- 5.6.2.2. Saudi Arabia Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
- 5.6.3. South Africa
- 5.6.3.1. Key Country Dynamics
- 5.6.3.2. South Africa Bio-based Platform Chemicals Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Billion)
Chapter 6. Bio-based Platform Chemicals Market - Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Market Share/Position Analysis, 2023
- 6.4. Company Heat Map Analysis
- 6.5. Regional Market Analysis
- 6.6. Strategy Mapping
- 6.7. Company Profiles
- 6.7.1. Cargill
- 6.7.1.1. Participant's Overview
- 6.7.1.2. Financial Performance
- 6.7.1.3. Product Benchmarking
- 6.7.1.4. Recent Developments
- 6.7.2. dsm-firmenich
- 6.7.2.1. Participant's Overview
- 6.7.2.2. Financial Performance
- 6.7.2.3. Product Benchmarking
- 6.7.2.4. Recent Developments
- 6.7.3. GFBIOCHEMICALS
- 6.7.3.1. Participant's Overview
- 6.7.3.2. Financial Performance
- 6.7.3.3. Product Benchmarking
- 6.7.3.4. Recent Developments
- 6.7.4. BASF
- 6.7.4.1. Participant's Overview
- 6.7.4.2. Financial Performance
- 6.7.4.3. Product Benchmarking
- 6.7.4.4. Recent Developments
- 6.7.5. Mitsubishi Chemical Group Corporation.
- 6.7.5.1. Participant's Overview
- 6.7.5.2. Financial Performance
- 6.7.5.3. Product Benchmarking
- 6.7.5.4. Recent Developments
- 6.7.6. PTT Global Chemical Public Company Limited
- 6.7.6.1. Participant's Overview
- 6.7.6.2. Financial Performance
- 6.7.6.3. Product Benchmarking
- 6.7.6.4. Recent Developments
- 6.7.7. DuPont
- 6.7.7.1. Participant's Overview
- 6.7.7.2. Financial Performance
- 6.7.7.3. Product Benchmarking
- 6.7.7.4. Recent Developments
- 6.7.8. Tate & Lyle
- 6.7.8.1. Participant's Overview
- 6.7.8.2. Financial Performance
- 6.7.8.3. Product Benchmarking
- 6.7.8.4. Recent Developments
- 6.7.9. Braskem
- 6.7.9.1. Participant's Overview
- 6.7.9.2. Financial Performance
- 6.7.9.3. Product Benchmarking
- 6.7.9.4. Recent Developments
- 6.7.10. Evonik Industries AG
- 6.7.10.1. Participant's Overview
- 6.7.10.2. Financial Performance
- 6.7.10.3. Product Benchmarking
- 6.7.10.4. Recent Developments
- 6.7.11. Aktin Chemicals, Inc.
- 6.7.11.1. Participant's Overview
- 6.7.11.2. Financial Performance
- 6.7.11.3. Product Benchmarking
- 6.7.11.4. Recent Developments
- 6.7.12. Champlor
- 6.7.12.1. Participant's Overview
- 6.7.12.2. Financial Performance
- 6.7.12.3. Product Benchmarking
- 6.7.12.4. Recent Developments
- 6.7.13. LyondellBasell Industries Holdings B.V.
- 6.7.13.1. Participant's Overview
- 6.7.13.2. Financial Performance
- 6.7.13.3. Product Benchmarking
- 6.7.13.4. Recent Developments
- 6.7.14. NIPPON SHOKUBAI CO., LTD.
- 6.7.14.1. Participant's Overview
- 6.7.14.2. Financial Performance
- 6.7.14.3. Product Benchmarking
- 6.7.14.4. Recent Developments
- 6.7.15. Novozymes A/S, part of Novonesis Group
- 6.7.15.1. Participant's Overview
- 6.7.15.2. Financial Performance
- 6.7.15.3. Product Benchmarking
- 6.7.15.4. Recent Developments