Global Bio-based Platform Chemicals Market to Grow at a CAGR of 10.88% by 2021: Growing R&D Expenditure is a Major Trend - Research and Markets

DUBLIN, April 28, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Bio-based Platform Chemicals Market 2017-2021" report to their offering.

The global bio-based platform chemicals market to grow at a CAGR of 10.88% during the period 2017-2021.

The report, Global Bio-Based Platform Chemicals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is increase in R&D activities. Growing R&D expenditure is a major trend that is being witnessed in the global bio-based platform chemicals market in recent years. There has been a significant increase in R&D activities to increase the application areas of bio-based platform chemicals in various industries, such as biofuels and resins, by many major vendors in recent years. Globally, major bio-based platform chemicals players have increased their R&D spending to reduce the manufacturing cost of bio-based platform chemicals.

Furthermore, the manufacturers have been heavily emphasizing on new product innovations and developments to maintain a competitive edge and gain shares in the market. In 2016, an International Bioeconomy Forum (IBF) aimed at improving the orientation of research in Europe and foster multilateral cooperation was formed. This forum helps in providing an informal multilateral network for countries that are engaged in the development of a bio-based economy.

Key vendors

• BASF
• Cargill Incorporated
• DSM
• INEOS
• PTT Global Chemical Public Company

Other prominent vendors

• BioAmber
• Braskem
• DuPont
• GFBiochemicals
• LyondellBasell Industries
• Others

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by chemical

PART 07: Market segmentation by geography

PART 08: Decision framework

PART 09: Drivers and challenges

PART 10: Market trends

PART 11: Vendor landscape

PART 12: Key vendor analysis

PART 13: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/rk7gc7/global_biobased

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716