New Building Block Chemicals Widens Prospects for Bio-Based Platform Chemical Market

There has been a dramatic shift in the world bio-based platform chemical market. Research analysts at Allied Market Research keeping the track of the growth rate, size and key trends indicate that Asia –Pacific region occupies a major share and is likely to maintain its position in the coming years. Apart from this, the increasing adoption rate of the bio-based chemical across an array of business verticals such as food and beverage, personal care and pharmaceutical sector can be considered as the prime driving factors of the industry. Besides this, many companies are working towards controlling the production price of bio-based chemicals. 

New Replacements Fuels Bio-Based Platform Chemical Market

Marcel van Berkel, the chief commercial officer at GFBiochemicals has indicated the requirement for clean credible solution in order to back climate action.  Besides this, there has been a clear as well as increasing requirement for new building block chemicals. The entire world is getting ready to welcomes COP 21 to be held in Paris, the is more clear than before. Apart from this, many policymakers, business verticals as well as civil society, all are making their demands for new solutions clear. They believe that it would help in lowering the green gas emissions. 

Bio-Based Platform Chemical Market Aim at Ensuring Performance and Sustainability

Driven greatly by rising concerns over the environment, the government support for sources that are environmentally responsible have increased over the past few years. In addition, factors such as technological innovation have persuaded much market participants to understand why it time they shifted their attention from the petrochemical feedstock to a renewable feedstock. Such shift would provide an increased economic advantage. Additionally, it would play a vital role in reducing the greenhouse gas emissions. It can also lower the small environmental footprints.

New Additions Keep the Bio-Based Platform Chemical Market Prospects High 

AVA Biochem, known as the world leader when it comes to 5-HMF production, has again shot to fame . This time the company has made it known that it would be expanding its portfolio to span in the platform chemical FDCA or 2, 5-Furandicarboxylic acid). Commenting on their recent progress Thomas Kläusli said “Expanding the product portfolio to include FDCA is another important milestone for AVA Biochem.” He further explained “This will significantly accelerate market development of 100 percent biobased plastic packaging based on PEF, a renewable replacement material for PET.” 
Eyeing the major development in the sector, Allied Market Research has published a report titled “World Bio-based Platform Chemicals Market - Opportunities and Forecasts, 2014 – 2021.” Researchers conducting the research weigh up on the critical business factors such as growth rate, share and size and key trends of the industry. Furthermore, the report explores the market in terms of types and geography. Some of the major players covered during the research consist of du Pont de Nemours and Company, Succinity GmbH, Prinova LLC., Bio-Amber Inc., Cargill Incorporated and  Metabolix Inc. among others . Stakeholders planning on expansion would find the report worth their time and investment. 

 

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