According to Fortune Business Insights the bio-based chemicals market size was USD 73.16 billion in 2023 and is projected to grow from USD 99.86 billion in 2024 to USD 207.95 billion in 2032 at a CAGR of 9.6% during the forecast period (2025-2032). The increasing consumption of bio-based solutions to ensure environmental sustainability will propel the market forward during the projected timeframe, states Fortune Business Insights in its report titled “Bio-based Chemicals Market, 2025-2032."
Bio-based chemicals are derived from bio-based sources such as sugar, corn, biodegradable waste, cellulosic feedstock, or biomass. The demand for these chemicals is rising across several industries including food & beverage, pharmaceutical, automotive, textiles, and others. This rise in demand is due to depleting petroleum resources and growing unavailability of conventional fossil fuel based products. The growing need for sustainable solutions across industries will foster the market growth in the forthcoming years.
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Market Segments:
Based on product category, the market is segmented into adhesives, platform chemicals, paints, coatings, inks & dyes, polymers for plastics, surfactants, adhesives, cosmetics & personal care products, man made fibers, and others.
In terms of application, the market is divided into agricultural, industrial, pharmaceutical, and others.
Geographically, the market broken down into North America, Asia Pacific, Europe, and the Rest of the World.
The Report Lists the Key Players Profiled in the Market Report: