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Bio-based Chemicals Market Analysis By Key Players, Share, Revenue, Trends, Size, Growth, Opportunities, and Regional Forecast To 2028 The global Bio-based chemicals market size amounted to USD 73.16 billion in 2020. The market is predicted to grow from USD 77.10 billion in 2021 to USD 144.63 billion in 2028 at a CAGR of 9.4% during the forecast period. 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, 2021-2028." 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. COVID-19 Impact: Supply Chain Hurdles amid Pandemic to Affect Market Dynamics The sudden outbreak and rapid spread of the COVID-19 pandemic led to various disruptions, including supply chain problems. Strict containment measures introduced by the respective governments constrained the movement of raw materials and affected industrial operations. Nationwide lockdown restrictions led to the stockpiling of long-lasting foods and basic staples such as wheat, rice, sugar, and other products. The rising agricultural consumption resulted in the shortage of raw materials required for chemicals production. These factors caused a slowdown in Bio-based chemicals market growth during the pandemic period. 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. Drivers & Restraints: Depleting Fossil Fuel Resources to Provide Momentum to Market Bio-based chemicals market growth is driven by the depletion of fossil fuel resources and rising greenhouse gas emissions. These factors have led to increased adoption of biomaterials. Ongoing initiatives to limit harmful emissions is supporting the adoption of Bio-based products across industries. The growing concept of green chemistry will further boost this adoption rate. Supportive government initiatives to limit the usage of harmful chemicals will work in favor of the market growth. However, the market development could be hampered by the high cost of the product. Regional Insights: Europe registered revenue gains worth USD 35.59 billion in 2020 and will dominate the Bio-based chemicals market share over the assessment period. Leading position of the region can be contributed to the growing initiatives by the European Union to promote green and circular economy. Active steps to increase reliance on biomaterials will strengthen the regional outlook. The market in Asia Pacific will witness robust growth led by the widespread shift towards Bio-based solutions and tightening environmental regulations. Meanwhile, North America will experience substantial growth led by growing R&D in the field of biomaterials. Notable Industry Development: December 2020: DuPont Nutrition & Biosciences and Kemira formed a strategic alliance for the formulation and commercialziation of the enzymatic polymerization-based polysaccharide platform technology by DuPont for various applications. Browse Summary: https://www.fortunebusinessinsights.com/bio-based-chemicals-market-106586

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The global amines market size was USD 8.96 billion in 2021. The market is expected to grow from USD 9.36 billion in 2022 to USD 12.41 billion in 2029, exhibiting a CAGR of 4.1% during the forecast period. Increasing compound applications from several industries and the rising demand for personal care and cosmetic goods may fuel the industry progress. Fortune Business Insights™ presents this information in its report titled “Amines Market, 2022-2029.” Amines are organic compounds found in hormones, alkaloids, vitamins, and proteins. The increasing applications of the organic compound from personal care, chemical processing, agrochemicals, and home products are expected to boost the product’s adoption. Further, the rising demand for personal care and cosmetic sectors are likely to drive the adoption of the product. Rising per-capita income and pursuit for a healthy lifestyle fuel the adoption of the product from consumers, thereby facilitating market growth during the upcoming years. Informaton Source - https://www.fortunebusinessinsights.com/amines-market-106578 Segments By product, the market is segmented into ethanolamines, aklylamines, ethyleneamines, fatty amines, and specialty amines. Based on application, it is classified into pesticides, surfactants, personal care, pharmaceuticals, and others. Regionally, it is clubbed into North America, Europe, Asia Pacific, and the Rest of the World. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it studies the regional developments and the strategies undertaken by the market's key players. Drivers and Restraints Strong Demand for Ethanolamine in End-Use Sectors to Boost Market Growth Triethanolamine (TEA), monoethanolamine (MEA), and diethanolamine (DEA) are three ethanolamines that are used in personal care products, detergents, refining/gas treatment, and others. Personal care and refining/gas treatment. Further, the rising demand for the product from the end-use industry may boost the compound’s adoption. Amine salts are extensively used as flotation agents, corrosion inhibitors, and lubricants, thereby increasing the chemicals’ adoption. Furthermore, the rising demand for oleochemicals and fatty chemicals can bolster market development. In addition, the rising adoption of the compound from the agricultural, cosmetics, medicines, and mining centers may drive the amines market growth. However, the hazardous nature of the chemical may hinder the market’s progress in the coming years. Regional Insights Presence of a Huge Manufacturing Base to Bolster Industry Growth in Asia Pacific Asia Pacific is expected to dominate the amines market share due to the presence of a huge manufacturing base. The market in Asia Pacific stood at USD 3.3 billion in 2021 and is expected to gain a huge portion of the market in the upcoming years. Furthermore, the high production of chemicals is expected to boost the adoption of the compound. These factors may propel the industry development. In Europe, the robust demand for derivatives, fatty amines, and oleochemicals may boost the adoption of the compound. The growing product adoption from the personal care sector may boost industry growth. In North America, the rising demand for crop protection chemicals and pesticides to curb several disorders may bolster market growth. Additionally, the growing demand for the product from the pharmaceuticals and personal care sector may foster industry growth. Competitive Landscape Companies Enter Joint Ventures to Expand Market Reach The prominent companies operating in the market enter joint ventures to expand their market reach globally. For example, Clariant and Wilmar International’s venture GAC 50-50 venture announced its novel investment to construct a third tertiary factory. The factory is located in Indonesia, Surabaya, and Gresik shall support the joint venture with dependability and flexibility. This venture shall enable the company to expand its reach globally and boost its brand image. Furthermore, companies operating in the market devise research and development, product launches, acquisitions, and partnerships to boost their market position. Industry Development October 2021- Eastman Chemical company boosted its product prices, including methyaminothanol, dimethylaminoethanal, and methyldiethanolamine. The price hike took place from 1st October 2021. List of Key Players Profiled in the Report BASF SE Huntsman Corporation Eastman Chemical Company Clariant Dow Chemical Company Taminco Tosoh Corporation Amines & Plasticizers Arkema

https://www.marketwatch.com/press-release/personal-care-packaging-market-top-key-vendors-analysis-growing-demand-applications-consumption-and-forecast-2027-2022-04-27