What is the size of the Global Biomass-based Fine Chemicals Market?

Global Biomass-based fine chemicals market was valued at USD 84.35 billion and is projected to reach a market size of USD 158.20 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 9.4 %.

What are the key drivers of the Global Biomass-based Fine Chemicals Market?

Key drivers include the increasing demand for sustainable and eco-friendly products, government support for bio-based chemicals, and technological advancements.

What are the prominent applications of Biomass-based Fine Chemicals?

Prominent applications include Pharmaceuticals, Personal care, Food and beverages, and Electronics.

Which region dominates the Global Biomass-based Fine Chemicals Market?

North America currently dominates the global biomass-based fine chemicals market. This is due to several factors, including the region's early adoption of bio-based products, its strong government support for the bio-based chemicals industry, and its well-developed infrastructure.

What are the Key Players in the Global Biomass-based Fine Chemicals Market?

BASF SE, Corbion N.V., DuPont Tate & Lyle Bio Products Company, LLC, Eastman Chemical Company, Evonik Industries AG, Genomatica, Inc., NatureWorks LLC, Rennovia, Inc., Solvay S.A., UPM-Kymmene Oyj, Verenium Corporation.