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WILMINGTON, Del. , Sept. 6, 2022 /PRNewswire/ -- A recent demand analysis of bio-based platform chemicals market underscores the growing awareness of renewable chemicals in various end-use industries. Incessant research in production processes pertaining to plant-based chemicals has generated massive impetus to fuel sales of bio-based platform chemicals market. The market is projected to advance at a CAGR of 11.9% during the forecast period of 2022-2031.
Rise in R&D spending on development of biocatalysts in bio-based platform chemicals market outlook. In this regard, the study authors observed that ease of availability of biomass feedstock has allowed firms to offer customized biocatalysts. Their adoption is broadening the canvas for businesses in key end-use industries particularly pharmaceuticals, plastics, food, and cosmetics. Emerging trends of the bio-based platform chemicals market underscores a rise in demand for specialty chemicals in pharmaceuticals industry.
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Key Findings of Bio-based Platform Chemicals Market Study
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Bio-based Platform Chemicals Market: Key Drivers
Bio-based Platform Chemicals Market: Regional Dynamics
Bio-based Platform Chemicals Market: Key Players
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