Technavio has announced the release of its "2017-2021 Global Bio-based Platform Chemical Market" report. (Illustration: Business Wire)
Technavio has announced the release of its "2017-2021 Global Bio-based Platform Chemical Market" report. (Illustration: Business Wire)
LONDON--(BUSINESS WIRE)--Technavio announced the top five leading suppliers in its recent report on the global bio-based platform chemicals market. The research report also lists 13 other well-known suppliers that are expected to influence the market during the forecast period.
By 2021, the global bio-based platform chemicals market will reach 7.241.8 billion U.S. dollars, with a compound annual growth rate of close to 11%. The global bio-based platform chemicals market has achieved tremendous growth in the past few years. Increasing adoption of environmentally friendly products and strict government regulations are significant factors that promote demand for these chemicals. The market growth can be attributed to the growing demand for applications such as adhesives and sealants, paints and coatings, resins and polymers.
According to the report, the global bio-based platform chemical market is dominated by many large and small suppliers. This market is characterized by the presence of diversified international, regional and local suppliers.
"Players have a wide geographical presence and large production facilities are located around the world. Quite a large number of small regional suppliers also operate in the market and have a large share. Technavio's chief specialty chemical research analyst Hitesh Bhatia said that as technology advances As a result of the increase in product expansion, the market competition environment will further intensify during the forecast period.
The competition among suppliers is based on factors such as innovation, price, operating costs, and product quality. Some participants can depress market prices because their costs are lower than their competitors. In addition, some suppliers have more capital, technology and other resources than competitors, and can better resist changes in the market environment.
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Top five bio-based platform chemical market suppliers
BASF produces bio-based enzymes, 1,4-butanediol (1,4-BDO) and polytetrahydrofuran (PolyTHF). The company produces different types of glycols, such as PolyTHF 1000 polyether, PolyTHF 650 polyether and PolyTHF 2000 polyether.
PolyTHF polyether glycol is a high-value saturated linear bifunctional polyether alcohol. It is used in different applications such as thermoplastic polyamide elastomers, mixable polyurethane gums, thermoplastic polyurethane elastomers and polyurethane coatings.
Cargill provides different types of bio-based platform chemicals for various applications. It offers a wide range of polyols such as sorbitol, maltitol and xylitol, as well as glycerin (USP grade glycerin, technical grade glycerin and crude glycerin). The company provides Oxi-Cure 500 polyol and Oxi-Cure 510 polyol for different industrial applications, such as plasticizers and emulsion stabilizers for plastic products.
DSM produces renewable energy sources, such as cellulosic bioethanol, and provides bio-based succinic acid, which is a renewable cornerstone. Biosuccinium is an important product produced by the company's bio-based succinic acid platform chemicals. It also produces acrylonitrile, Akulon, Atlac and formic acid.
INEOS produces and sells bio-based products under the Champlor brand. Champlor offers different types of bio-based glycerol. Chlorinated grade and acetate grade glycerin are the two main types of glycerin produced by the company. The company also uses renewable resources to produce fatty acids and biodiesel
PTT Global Chemical Listed Company
PTT Global Chemical Public Company provides green chemicals such as fatty alcohols, glycerin, methyl esters, and fatty alcohol ethoxylates. Glycerin products include 99.5% MIN USP and 99.5% MIN EP. Fatty alcohol products include ThaiOL 0898, ThaiOL 0810, ThaiOL 1098 and so on.
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Technavio is the world's leading technology research and consulting company. The company develops more than 2,000 research results every year, covering more than 500 technologies in more than 80 countries. Technavio has about 300 analysts around the world who specialize in customized consulting and business research tasks across the latest cutting-edge technologies.
Technavio analysts use primary and secondary research techniques to determine the size and supplier landscape of a range of markets. In addition to using internal market modeling tools and proprietary databases, analysts also use a combination of bottom-up and top-down methods to obtain information. They confirm these data with data obtained from various market participants and stakeholders (including suppliers, service providers, distributors, resellers, and end users) throughout the value chain.
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Technavio Research Jesse Maida Media and Marketing Director United States: 1 630 333 9501 United Kingdom: 44 208 123 1770 www.technavio.com
Technavio has announced the release of its "2017-2021 Global Bio-based Platform Chemical Market" report.
Technavio Research Jesse Maida Media and Marketing Director United States: 1 630 333 9501 United Kingdom: 44 208 123 1770 www.technavio.com