Global Bio Based Platform Chemicals Market Trends

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Global Bio Trends

  • Chemical and Materials
  • Sep 2024
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

“Rising Adoption of Sustainable Feedstocks in Bio-Based Platform Chemicals”

  • The market is shifting toward using sustainable feedstocks such as agricultural waste, biomass, and non-food crops to reduce dependence on petroleum-based resources
    • For instance, Cargill has invested heavily in biomass-based chemical production to support greener alternatives
  • Environmental concerns and regulations focused on lowering carbon emissions are driving adoption of renewable raw materials across the chemical industry
  • Investment is growing in technologies that efficiently convert biomass into high-value chemicals, supporting circular economy principles and reducing waste
  • Novozymes is a key player developing enzyme technologies that enhance the breakdown and conversion of biomass into valuable chemical products, improving process efficiency
  • BASF collaborates with partners to produce bio-based chemicals from agricultural residues
    • For instance, their joint projects focus on turning crop waste into sustainable chemical building blocks for industrial use