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Asia Pacific Bio-Based Chemicals Market Forecast 2019-2027

The Asia Pacific is one of the largest producer and consumer of bio-based chemicals; it accounted for xx% share of the total market in 2018. By the end of the forecast period of 2019-2027, the market is likely to prosper at a CAGR of 17.00%. China, Japan, India, Thailand, South Korea and the remaining countries constituting the Rest of Asia Pacific are considered for the market study.

The market is segmented on the basis of applications and products. The availability of raw materials and technological advancement is becoming the base of the bio-based chemicals market in this region. Countries like China, India, Japan, Thailand, South Korea, etc. are contributing to this market. The pharmaceutical industries in countries like China are trying to find a better and effective cure for the general illness. The Indian bio-based chemicals market is expected to rise with the highest CAGR over the forecast period. The growth in this market is majorly driven by the agricultural industry and the country's rising demand for fertilizes for farming. Also, the agrochemicals industry is a key industry in the Indian economy that is also dependent on the bio-based chemicals market as they are adopting eco-friendlier products.

Leading players in this market are Cargill Incorporated, Novozymes A.S., Mitsui & Co., Ltd., GC Innovation America, Abengoa, S.A., Mitsubishi Chemical Holdings Corporation, Royal DSM NV, Synbra, Teijin Limited, Zhejiang Hisun Biomaterials Co., Ltd., Natureworks LLC, PTT Global, Bioamber Inc., Corbion NV, BASF SE, Yield10 Bioscience, Braskem, Methanex Corporation and Danimer Scientifican Inc.
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Asia Pacific Bio-Based Chemicals Market Forecast 2019-2027
Published By :Inkwood Research
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