WiseGuyReports.Com Publish a New Market Research Report On –“ Bio-Based Platform Chemicals Market 2018 Major Manufacturers Analysis And Industrial Applications Forecasts to 2023”.
Bio-based platform chemicals represent a group of twelve building block chemicals which are derived from natural origin or biomass such as trees, plants, and animals. They can be produced from sugar via biological conversions and are important precursors for producing a variety of chemicals and materials such as perfumes, fuels, polymers, and pharmaceuticals among others. Different bioplastics such as polylactic acid, bio-polyethyleneteraphthalate, bio-polyethylene, and polyhydroxyalkanoates are produced from bio-based chemicals, which are largely used in cutlery, crockery, straws, pots, and bowls.
the global bio-based platform chemicals market is expected to grow significantly during the forecast period. Based on product type, the global bio-based platform chemicals market has been segmented into sugar, syngas, biogas, oil, algae, others. The sugar segment dominated the market in 2017 and is expected to reach USD 4,635.2 million during the review period owing to the surging demand for bio-based sugar in Asia-Pacific and Europe. Sugar segment is projected to grow at the highest CAGR of 13.55% during the forecast period with a valuation of USD 2,174.7 million in 2017. Furthermore, the syngas segment is projected to grow at a remarkable CAGR of 12.79% during the assessment period. On the basis of application, the global bio-based platform chemicals market has been categorized into polymers, fuels, solvents, pharmaceuticals, perfumes, and others. Polymers segment accounted for the largest market share in 2017 and is projected to grow at the highest CAGR of 13.74% in the coming years. Bio-based polymers have diverse applications in various end-use industries, such as building and construction, automotive, and consumer goods.
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The global military laser rangefinder market is estimated to register a 6.70% CAGR during the forecast period from 2018 to 2023. In 2017, the market was led by North America with a 35.54% share, followed by Europe and Asia-Pacific with shares of 25.33% and 20.11% respectively. Asia-Pacific is the expected to be the fastest-growing market for military laser rangefinders. North America dominates the global market and is likely to grow at a remarkable rate during the forecast period. The presence of key companies, such as Lockheed Martin Corporation, Northrop Grumman Corporation, and FLIR Systems Inc., results in the dominance of this region in the global market. Moreover, the increasing military expenditure by the US Department of Defense (DoD) on miniature military rangefinders, in recent years, has resulted in a significant surge in demand in this region.
Elbit Systems Ltd (Israel), FLIR Systems Inc. (US), Jenoptik AG (Germany), L-3 Technologies Inc. (US), Leonardo SpA (Italy), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Saab AB (Sweden), Safran (France), and Thales Group (France) are the key players profiled in this report. Lockheed Martin Corporation and Northrop Grumman Corporation were the leading players in the market, accounting for nearly 50% of the market in 2017.
Objectives of the Global Military Laser Rangefinder Market Report—Forecast till 2023
- To provide insights into the factors influencing market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and key countries
• To provide historical and forecast revenue of the market segments based on product type, application, range, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their market shares and core competencies and drawing a competitive landscape for the market
• Military and defense organizations
• Government and regulatory authorities
• Military end users
• Laser rangefinder manufacturers, service providers, and distributors
• Military equipment manufacturers
• The global military laser rangefinder market in this report has been segmented, on the basis of product type, into man-portable and vehicle-mounted. The man-portable segment market is projected to register the higher CAGR of 7.74% during the forecast period.
• Based on application, the global military laser rangefinder market has been segmented into weapon guidance and detection. The weapon guidance segment market is projected to register the higher CAGR of 7.10% during the forecast period.
• The global military laser rangefinder market in this report has been segmented, based on range, into up to 15 km and over 15 km. The up to 15 km segment market is projected to register the higher CAGR of 6.50% during the forecast period.
• North America would dominate the military laser rangefinder market from 2018 to 2023. It is expected to register a CAGR of 6.92%% during the forecast period to reach a market size of USD 274.0 million by the end of 2023.
The regional analysis also includes
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
- Rest of the World
o Middle East & Africa
o Latin America Furthermore, stringent regulations on the usage of petroleum-based chemicals are projected to drive the bio-based chemicals market in the following years. Growing concerns on eco-friendly bio-based chemicals have shifted consumers preference towards bio-based platform chemicals which provides lucrative opportunities to the market players. Surging demand for bio-based chemicals from emerging economies, such as Russia, Italy, Spain, and Latin American countries further provides opportunities to the market players.
However, high manufacturing costs of the product and raw material shortage hamper the global bio-based platform chemicals market growth.
As per the MRFR analysis, the global market is expected to reach USD 10,205.4 million by 2023 and is projected to grow at a robust CAGR of 12.67% during the forecast period.
The global bio-based platform chemicals market has been analyzed across five key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The Asia-Pacific market is projected to account for the largest share in 2017 and is expected to grow at the highest CAGR of 13.79%, during the forecast period, due to the highest production and consumption of the products in the region. Easy availability of feedstock, adoption of bio-based products, government support, increasing awareness about green chemicals, and business sustainability programs are the major factors driving the regional market growth. China dominated the market in 2017 and was valued at USD 530.5 million with an encouraging CAGR of 15.76% during the assessment period. The European market accounted for the second-largest share due to the government support for bio-based chemicals, technological developments, and increasing development of value chains with bio-based raw materials. Germany was the leading country in the region in 2017 and is expected to grow at a healthy CAGR of 12.98%. The North American market accounted for a significant market share and is expected to grow at a substantial CAGR of 11.75% in the coming years due to consumer shift towards bio-based products, low-cost and easy availability of feedstock, and government policies. The US was the leading country in the region and was valued at USD 534.6 million and is projected to grow at a remarkable CAGR during the review period. The Latin American market accounted for moderate market share and is anticipated to grow at a steady CAGR in the following years owing to large production in Brazil. The Middle East & Africa is projected to grow at a high CAGR of 13.18% during the forecast period.
The global bio-based platform chemicals market has been segmented on the basis of product type, application, and region.
Based on product type, the global bio-based platform chemicals market has been classified into sugar, syngas, biogas, oil, algae, and others.
By application, the global bio-based platform chemicals market has been categorized into polymers, fuels, solvents, pharmaceuticals, perfumes, and others.
The global bio-based platform chemicals market has been studied across five key regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Braskem (Brazil), BioAmber Inc (US), Qingdao Kehai Biochemistry Co., Ltd (China), Itaconix PLC (UK), Zhejiang Guoguang Biochemistry Co., Ltd (China), GFBiochemicals Ltd (The Netherlands), Reverdia (The Netherlands), GC Innovation America (US), Cargill, Incorporated. (US), Mitsubishi Chemical Corporation (Japan), AVA Biochem AG (Switzerland), LyondellBasell Industries NV (The Netherlands), Royal DSM NV (The Netherlands), and BASF SE (Germany) are some of the prominent players operating in the global bio-based platform chemicals market.
Table Of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
3.1 Key Takeaways
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.2.1 Rising Application of Bio-Based Polymers
5.2.2 Stringent Regulations for the Use of Petroleum-Based Chemicals
5.2.3 Growing Demand in Asia-Pacific
5.2.4 Drivers Impact Analysis
5.3.1 High Cost of Production and Technological Complexities
5.3.2 Restraints Impact Analysis
5.4.1 Construction of Lignocellulosic Biorefineries
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