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Global Bio-based Aromatics Market Size Study, by Type (Benzene, Toluene, Xylene, Styrene, Phenol, Others), by End-use (Chemicals, Food & Beverages, Pharmaceuticals, Personal Care & Consumer, Others), and Regional Forecasts 2022-2032

August 2024 | 200 pages | ID: G061DADF0A83EN
Bizwit Research & Consulting LLP

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The Global Bio-based Aromatics Market is valued at approximately USD 3.0 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2024-2034. The bio-based aromatics market is expected to experience substantial growth in the next few years due to the surge in consumer demand for sustainable and environment-friendly products. The market is expected to grow at a robust CAGR, driven by advancements in production technologies and a shift toward renewable resources.

Key trends include the increase in application of bio-based aromatics in sectors such as chemicals, food and beverages, and personal care products. The cosmetics industry is adopting bio-based aromatics for perfumes and skincare products due to consumer preference for natural and organic ingredients. Regulatory frameworks promoting renewable materials and reducing carbon footprints further support the demand for bio-based alternatives. Furthermore, growth in environmental awareness among consumers encourages manufacturers to innovate and adopt bio-based solutions.

The Global Bio-based Aromatics Market refers to the production and consumption of aromatic compounds derived from renewable, plant-based sources instead of traditional petrochemical feedstock. Bio-based aromatics serve as sustainable alternatives to fossil-fuel-derived aromatics in various applications. Aromatics are a class of organic compounds that contain one or more aromatic rings, with benzene being the simplest aromatic compound. Common aromatics include benzene, toluene, xylene, and styrene.

Bio-based aromatics are produced from renewable biomass such as agricultural waste, forestry residues, energy crops, and municipal solid waste using processes including fermentation, pyrolysis, and catalytic depolymerization. Major applications of bio-based aromatics include the production of polymers, resins, adhesives, solvents, and fine chemicals used in industries such as plastics, paints and coatings, textiles, automobiles, and pharmaceuticals.

Key regions considered for the Global Bio-based Aromatics Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of revenue, Asia Pacific dominated the landscape in 2023. China, Japan, and India are anticipated to be the region's largest markets. Asia Pacific is predicted to be the fastest-growing market for bio-based aromatics, fueled by major chemical manufacturing hubs in China, India, Japan, and South Korea. Abundant biomass feedstock, favorable government policies, and rise in end-use industry demand are driving market dynamics in the region.

Major market players included in this report are:
BASF SE
Chevron Phillips Chemical
Dow Chemical Company
DSM
ExxonMobil Chemical
LG Chem
LyondellBasell Industries
Neste
Reliance Industries Limited
SABIC
Borregaard
Clariant
MetGen Oy
Arzeda
Amyris, Inc.

The detailed segments and sub-segment of the market are explained below:
By Type:
Benzene
Toluene
Xylene
Styrene
Phenol
Others

By End-use:
Chemicals
Food & Beverages
Pharmaceuticals
Personal Care & Consumer
Others

By Region:
North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2023 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL BIO-BASED AROMATICS MARKET EXECUTIVE SUMMARY

1.1. Global Bio-based Aromatics Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Type
  1.3.2. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL BIO-BASED AROMATICS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL BIO-BASED AROMATICS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increase in Consumer Preference for Sustainable Products
  3.1.2. Growth in Demand from End-use Industries
3.2. Market Challenges
  3.2.1. Economic Uncertainty and High Production Costs
3.3. Market Opportunities
  3.3.1. Technological Advancements in Production Processes
  3.3.2. Regulatory Support and Incentives

CHAPTER 4. GLOBAL BIO-BASED AROMATICS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL BIO-BASED AROMATICS MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Segment Dashboard
5.2. Global Bio-based Aromatics Market: Type Revenue Trend Analysis, 2022 & 2032(USD Billion)
  5.2.1. Benzene
  5.2.2. Toluene
  5.2.3. Xylene
  5.2.4. Styrene
  5.2.5. Phenol
  5.2.6. Others

CHAPTER 6. GLOBAL BIO-BASED AROMATICS MARKET SIZE & FORECASTS BY END-USE 2022-2032

6.1. Segment Dashboard
6.2. Global Bio-based Aromatics Market: End-use Revenue Trend Analysis, 2022 & 2032(USD Billion)
  6.2.1. Chemicals
  6.2.2. Food & Beverages
  6.2.3. Pharmaceuticals
  6.2.4. Personal Care & Consumer
  6.2.5. Others

CHAPTER 7. GLOBAL BIO-BASED AROMATICS MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Bio-based Aromatics Market
  7.1.1. U.S. Bio-based Aromatics Market
    7.1.1.1. Type breakdown size & forecasts, 2022-2032
    7.1.1.2. End-use breakdown size & forecasts, 2022-2032
  7.1.2. Canada Bio-based Aromatics Market
7.2. Europe Bio-based Aromatics Market
  7.2.1. UK Bio-based Aromatics Market
  7.2.2. Germany Bio-based Aromatics Market
  7.2.3. France Bio-based Aromatics Market
  7.2.4. Spain Bio-based Aromatics Market
  7.2.5. Italy Bio-based Aromatics Market
  7.2.6. Rest of Europe Bio-based Aromatics Market
7.3. Asia-Pacific Bio-based Aromatics Market
  7.3.1. China Bio-based Aromatics Market
  7.3.2. India Bio-based Aromatics Market
  7.3.3. Japan Bio-based Aromatics Market
  7.3.4. Australia Bio-based Aromatics Market
  7.3.5. South Korea Bio-based Aromatics Market
  7.3.6. Rest of Asia Pacific Bio-based Aromatics Market
7.4. Latin America Bio-based Aromatics Market
  7.4.1. Brazil Bio-based Aromatics Market
  7.4.2. Mexico Bio-based Aromatics Market
  7.4.3. Rest of Latin America Bio-based Aromatics Market
7.5. Middle East & Africa Bio-based Aromatics Market
  7.5.1. Saudi Arabia Bio-based Aromatics Market
  7.5.2. South Africa Bio-based Aromatics Market
  7.5.3. Rest of Middle East & Africa Bio-based Aromatics Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. BASF SE
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Chevron Phillips Chemical
  8.3.3. Dow Chemical Company
  8.3.4. DSM
  8.3.5. ExxonMobil Chemical
  8.3.6. LG Chem
  8.3.7. LyondellBasell Industries
  8.3.8. Neste
  8.3.9. Reliance Industries Limited
  8.3.10. SABIC
  8.3.11. Borregaard
  8.3.12. Clariant
  8.3.13. MetGen Oy
  8.3.14. Arzeda
  8.3.15. Amyris, Inc.

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Bio-based Aromatics Market, Report Scope
TABLE 2. Global Bio-based Aromatics Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Bio-based Aromatics Market Estimates & Forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Bio-based Aromatics Market Estimates & Forecasts by End-use 2022-2032 (USD Billion)
TABLE 5. Global Bio-based Aromatics Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Bio-based Aromatics Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Bio-based Aromatics Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Bio-based Aromatics Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Bio-based Aromatics Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Bio-based Aromatics Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Bio-based Aromatics Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Bio-based Aromatics Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Bio-based Aromatics Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Bio-based Aromatics Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Bio-based Aromatics Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Bio-based Aromatics Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 17. U.S. Bio-based Aromatics Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 18. Canada Bio-based Aromatics Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Bio-based Aromatics Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 20. Canada Bio-based Aromatics Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Bio-based Aromatics Market, Research Methodology
FIG 2. Global Bio-based Aromatics Market, Market Estimation Techniques
FIG 3. Global Market Size Estimates & Forecast Methods.
FIG 4. Global Bio-based Aromatics Market, Key Trends 2023
FIG 5. Global Bio-based Aromatics Market, Growth Prospects 2022-2032
FIG 6. Global Bio-based Aromatics Market, Porter’s 5 Force Model
FIG 7. Global Bio-based Aromatics Market, PESTEL Analysis
FIG 8. Global Bio-based Aromatics Market, Value Chain Analysis
FIG 9. Global Bio-based Aromatics Market by Segment, 2022 & 2032(USD Billion)
FIG 10. Global Bio-based Aromatics Market by Segment, 2022 & 2032(USD Billion)
FIG 11. Global Bio-based Aromatics Market by Segment, 2022 & 2032(USD Billion)
FIG 12. Global Bio-based Aromatics Market by Segment, 2022 & 2032(USD Billion)
FIG 13. Global Bio-based Aromatics Market by Segment, 2022 & 2032(USD Billion)
FIG 14. Global Bio-based Aromatics Market, Regional Snapshot 2022 & 2034
FIG 15. North America Bio-based Aromatics Market 2022 & 2032(USD Billion)
FIG 16. Europe Bio-based Aromatics Market 2022 & 2032(USD Billion)
FIG 17. Asia Pacific Bio-based Aromatics Market 2022 & 2032(USD Billion)
FIG 18. Latin America Bio-based Aromatics Market 2022 & 2032(USD Billion)
FIG 19. Middle East & Africa Bio-based Aromatics Market 2022 & 2032(USD Billion)
FIG 20. Global Bio-based Aromatics Market, Company Market Share Analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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