The Asia Pacific bio-based chemicals market is predicted to record a CAGR of 14.70% over the forecast period of 2019 to 2028. The rising health and environmental concerns, and the shifting consumer preference towards organic products are attributed to the region’s market growth. The Asia Pacific bio-based chemicals market growth is determined by assessing China, Indonesia, Vietnam, Japan, India, Thailand, South Korea, Australia & New Zealand, and the rest of the Asia Pacific.

ASIA PACIFIC BIO-BASED CHEMICALS MARKET FORECAST 2019-2028

Asia Pacific Bio-based Chemicals Market by Product Type (Bioplastics (Bio-degradable(Pla, Pha, Regenerated Cellulose, Biodegradable Polyester, Other Biodegradable Plastics), Non-biodegradable(Bio Pet, Bio Pe, Bio Pa, Other Non-biodegradable Plastics)), Bio Fuels) by Application (Industrial Chemicals (Succinic Acid, Alcohol, Bio-based Dyes, Lactic Acid, Glycerol, Acrylic Acid, Other Industrial Chemicals),  Pharmaceuticals (Enzymes, Amino Acid, Vitamins & Related Compounds, Antibiotics, Other Pharmaceuticals), Food Products (Alcoholic Beverages, Other Food Products), Agriculture (Bio-fertilizers, Biopesticides, Other Agriculture)) and by Geography.

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The Asia Pacific bio-based chemicals market is predicted to record a CAGR of 14.70% over the forecast period of 2019 to 2028. The rising health and environmental concerns, and the shifting consumer preference towards organic products are attributed to the region’s market growth.
asia-pacific-bio-based-chemicals-market

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The Asia Pacific bio-based chemicals market growth is determined by assessing China, Indonesia, Vietnam, Japan, India, Thailand, South Korea, Australia & New Zealand, and the rest of the Asia Pacific. China’s market is mainly fueled by the promotion of bioplastics, government initiatives, and the high production of sugarcane. The increased sugarcane production drives the country’s bioplastics market, since it is used as a raw material for manufacturing the same. For instance, globally, China ranks third for sugarcane production, therefore positively influencing the country’s market growth. According to China’s government, bio-based materials are a part of the new material frontline research field, under the Made in China 2025 strategy.

On the other hand, Jilin province, in China, passed a plastic ban order in January 2015, aiming to propagate the utilization of biodegradable plastic bags. As a result, the biodegradable plastic bags’ use is anticipated to increase over the upcoming years, thereby augmenting the bio-based chemicals market. Thus, such factors are expected to propel the market growth, during the forecast period.

Mitsubishi Chemical Holdings Corporation, an investment holding group, is predominantly involved in the manufacture and distribution of polymers, designed materials, and chemicals. The enterprise also provides products associated with industrial, electronics, and health care sectors, in addition to diagnostic, clinical testing, and pharmaceutical products. It is headquartered in Tokyo, Japan.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • MARKET DEFINITION
      •    KEY DRIVERS
        • GOVERNMENT POLICIES TOWARDS SUSTAINABILITY PROGRAMS
        • INTENSIVE FLUCTUATIONS IN THE CRUDE OIL PRICES
        • USAGE OF ECO-FRIENDLY PRODUCTS
        • HIGH MARKET POTENTIAL OF BIO-BASED CHEMICAL PRODUCTS
      •    KEY RESTRAINTS
        • HIGH COST OF BIO-BASED CHEMICALS
        • DEARTH OF SUPPLY CHAIN IN FEEDSTOCK AND RAW MATERIALS
        • LOW ACCEPTANCE LEVEL OF BIOPESTICIDES
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON BIO-BASED CHEMICALS MARKET
      • KEY INVESTMENT INSIGHTS
      •    PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      •    KEY BUYING CRITERIA
        • COST
        • AVAILABILITY
        • OBJECTIVES
        • ALTERNATIVES
        • ENVIRONMENTAL CONCERN
    1. MARKET BY PRODUCT TYPE
      •    BIOPLASTICS
        •    BIO-DEGRADABLE
          • PLA
          • PHA
          • REGENERATED CELLULOSE
          • BIODEGRADABLE POLYESTER
          • OTHER BIODEGRADABLE PLASTICS
        •    NON-BIODEGRADABLE
          • BIO PET
          • BIO PE
          • BIO PA
          • OTHER NON-BIODEGRADABLE PLASTICS
      •    BIO FUELS
        • BIO-DIESEL
        • BIOGAS
        • SOLID BIOMASS
    1. MARKET BY APPLICATION
      •    INDUSTRIAL CHEMICALS
        • SUCCINIC ACID
        • ALCOHOL
        • BIO-BASED DYES
        • LACTIC ACID
        • GLYCEROL
        • ACRYLIC ACID
        • OTHER INDUSTRIAL CHEMICALS
      •    PHARMACEUTICALS
        • ENZYMES
        • AMINO ACID
        • VITAMINS & RELATED COMPOUNDS
        • ANTIBIOTICS
        • OTHER PHARMACEUTICALS
      •    FOOD PRODUCTS
        • ALCOHOLIC BEVERAGES
        • OTHER FOOD PRODUCTS
      •    AGRICULTURE
        • BIO-FERTILIZERS
        • BIOPESTICIDES
        • OTHER AGRICULTURE
    1. GEOGRAPHICAL ANALYSIS
      •    ASIA PACIFIC
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    1. COMPANY PROFILES
      • ABENGOA SA
      • BASF SE
      • BIOAMBER INC (INACTIVE)
      • BRASKEM SA
      • CARGILL INCORPORATED
      • CORBION NV
      • DANIMER SCIENTIFIC INC
      • METHANEX CORPORATION
      • MITSUBISHI CHEMICAL HOLDINGS CORPORATION
      • MITSUI & CO LTD
      • NATUREWORKS LLC
      • NOVOZYMES A/S
      • PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED
      • ROYAL DSM NV
      • TEIJIN LIMITED

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – BIO-BASED CHEMICALS

    TABLE 2: SOME OF THE POLICIES RELATED TO BIOPLASTICS IN KEY COUNTRIES

    TABLE 3: VARIOUS INITIATIVES TAKEN BY DIFFERENT COUNTRIES

    TABLE 4: MARKET POTENTIAL IN TERMS OF CHEMICAL BY VARIOUS COMPANIES

    TABLE 5: WORLD BIO-BASED MARKET PENETRATION, 2010-2025

    TABLE 6: AUTOMOTIVE MANUFACTURERS USING BIOPOLYMERS IN THEIR MANUFACTURING

    TABLE 7: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 8: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 9: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOPLASTICS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 10: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOPLASTICS, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 11: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY BIODEGRADABLE PLASTICS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 12: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY BIODEGRADABLE PLASTICS, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 13: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY NON-BIODEGRADABLE PLASTICS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 14: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY NON-BIODEGRADABLE PLASTICS, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 15: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOFUEL, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 16: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOFUEL, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 17: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 18: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY APPLICATION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 19: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY INDUSTRIAL CHEMICALS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

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

    TABLE 21: APPLICATIONS OF GLYCEROL

    TABLE 22: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY PHARMACEUTICALS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

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

    TABLE 24: APPLICATION OF AMINO ACIDS

    TABLE 25: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 26: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 27: CATEGORIES OF ALCOHOLIC BEVERAGES

    TABLE 28: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 29: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 30: INSTANCES OF BIOFERTILIZERS

    TABLE 31: BENEFITS OF BIOPESTICIDES AND ITS FACTORS

    TABLE 32: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 33: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    FIGURES LIST

    FIGURE 1: WORLDWIDE CRUDE OIL PRICE TREND, 2009-2018 ($/BARREL)

    FIGURE 2: REGION WISE PRODUCTION CAPABILITY OF BIOPLASTICS IN 2019 (IN %)

    FIGURE 3: KEY INVESTMENT INSIGHTS

    FIGURE 4: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 5: OPPORTUNITY MATRIX

    FIGURE 6: VENDOR LANDSCAPE

    FIGURE 7: KEY BUYING CRITERIA

    FIGURE 8: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2019

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

    FIGURE 10: WORLDWIDE PRODUCTION OF BIOPLASTICS, 2018-2024 (IN ‘000 TONS)

    FIGURE 11: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, GROWTH POTENTIAL, BY BIOPLASTICS, IN 2019

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

    FIGURE 13: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, GROWTH POTENTIAL, BY BIODEGRADABLE PLASTICS, IN 2019

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

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

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

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

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

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

    FIGURE 20: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, GROWTH POTENTIAL, BY NON-BIODEGRADABLE PLASTICS, IN 2019

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

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

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

    FIGURE 24: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY OTHER NON-BIODEGRADABLE PLASTICS, 2019-2028 (IN $ MILLION)

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

    FIGURE 26: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, GROWTH POTENTIAL, BY BIOFUEL, IN 2019

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

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

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

    FIGURE 30: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

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

    FIGURE 32: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, GROWTH POTENTIAL, BY INDUSTRIAL CHEMICALS, IN 2019

    FIGURE 33: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY SUCCINIC ACID, 2019-2028 (IN $ MILLION)

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

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

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

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

    FIGURE 38: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY ACRYLIC ACID, 2019-2028 (IN $ MILLION)

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

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

    FIGURE 41: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, GROWTH POTENTIAL, BY PHARMACEUTICALS, IN 2019

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

    FIGURE 43: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY AMINO ACID, 2019-2028 (IN $ MILLION)

    FIGURE 44: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY VITAMINS & RELATED COMPOUNDS, 2019-2028 (IN $ MILLION)

    FIGURE 45: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY ANTIBIOTICS, 2019-2028 (IN $ MILLION)

    FIGURE 46: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY OTHER PHARMACEUTICALS, 2019-2028 (IN $ MILLION)

    FIGURE 47: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY FOOD PRODUCTS, 2019-2028 (IN $ MILLION)

    FIGURE 48: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, GROWTH POTENTIAL, BY FOOD PRODUCTS, IN 2019

    FIGURE 49: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY ALCOHOLIC BEVERAGES, 2019-2028 (IN $ MILLION)

    FIGURE 50: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY OTHER FOOD PRODUCTS, 2019-2028 (IN $ MILLION)

    FIGURE 51: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)

    FIGURE 52: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, GROWTH POTENTIAL, BY AGRICULTURE, IN 2019

    FIGURE 53: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOFERTILIZERS, 2019-2028 (IN $ MILLION)

    FIGURE 54: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY BIOPESTICIDES, 2019-2028 (IN $ MILLION)

    FIGURE 55: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, BY OTHER AGRICULTURE, 2019-2028 (IN $ MILLION)

    FIGURE 56: ASIA PACIFIC BIO-BASED CHEMICALS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

    FIGURE 57: CHINA BIO-BASED CHEMICALS MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 58: JAPAN BIO-BASED CHEMICALS MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 59: INDIA BIO-BASED CHEMICALS MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 60: SOUTH KOREA BIO-BASED CHEMICALS MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 61: INDONESIA BIO-BASED CHEMICALS MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 62: THAILAND BIO-BASED CHEMICALS MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 63: VIETNAM BIO-BASED CHEMICALS MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 64: AUSTRALIA & NEW ZEALAND BIO-BASED CHEMICALS MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 65: REST OF ASIA PACIFIC BIO-BASED CHEMICALS MARKET, 2019-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      •    ASIA PACIFIC
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    1. MARKET BY PRODUCT TYPE
      •    BIOPLASTICS
        •    BIO-DEGRADABLE
          • PLA
          • PHA
          • REGENERATED CELLULOSE
          • BIODEGRADABLE POLYESTER
          • OTHER BIODEGRADABLE PLASTICS
        •    NON-BIODEGRADABLE
          • BIO PET
          • BIO PE
          • BIO PA
          • OTHER NON-BIODEGRADABLE PLASTICS
      •    BIO FUELS
        • BIO-DIESEL
        • BIOGAS
        • SOLID BIOMASS
    1. MARKET BY APPLICATION
      •    INDUSTRIAL CHEMICALS
        • SUCCINIC ACID
        • ALCOHOL
        • BIO-BASED DYES
        • LACTIC ACID
        • GLYCEROL
        • ACRYLIC ACID
        • OTHER INDUSTRIAL CHEMICALS
      •    PHARMACEUTICALS
        • ENZYMES
        • AMINO ACID
        • VITAMINS & RELATED COMPOUNDS
        • ANTIBIOTICS
        • OTHER PHARMACEUTICALS
      •    FOOD PRODUCTS
        • ALCOHOLIC BEVERAGES
        • OTHER FOOD PRODUCTS
      •    AGRICULTURE
        • BIO-FERTILIZERS
        • BIOPESTICIDES
        • OTHER AGRICULTURE

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