The bio-based aromatics market is booming, projected to reach US$ 6.1 billion by 2034, fueled by increasing demand for sustainable alternatives, stringent environmental regulations, and advancements in bioengineering. Key players like BASF, Dow, and Avantium are leading the charge.
The global bio-based malonic acid market is experiencing significant growth, driven by the increasing demand for sustainable and eco-friendly chemicals. This versatile compound finds applications in pharmaceuticals, specialty chemicals, and biodegradable polymers. The rising demand for high-quality bio-based intermediates in pharmaceutical production and the expanding specialty chemicals industry are key drivers of market expansion. Asia Pacific is leading the market, fueled by its focus on sustainability and the robust growth of its pharmaceutical and specialty chemicals sectors.
