Asia Pacific Bio-based Chemicals Market Forecast (2015-2023)

Year CHINA INDONESIA INDIA JAPAN SOUTH KOREA MALAYSIA THAILAND REST OF ASIA PACIFIC AUSTRALIA AND NEW ZEALAND
2015 $ 6555.6 $ 834.9 $ 2362.3 $ 1969.9 $ 1194.3 $ 1184.7 $ 1127.4 $ 1013.4 $ 486.5
2016 $ 6240.0 $ 776.1 $ 2221.2 $ 1827.0 $ 1116.0 $ 1099.0 $ 1053.1 $ 935.2 $ 451.0
2017 $ 6734.7 $ 818.2 $ 2368.9 $ 1922.0 $ 1182.9 $ 1156.3 $ 1115.8 $ 978.8 $ 474.2
2018 $ 7602.4 $ 902.5 $ 2643.3 $ 2115.4 $ 1311.7 $ 1272.9 $ 1236.9 $ 1071.8 $ 521.7
2019 $ 8535.8 $ 990.4 $ 2934.5 $ 2316.4 $ 1447.2 $ 1394.1 $ 1364.2 $ 1167.7 $ 571.0
2020 $ 9589.2 $ 1087.8 $ 3260.7 $ 2538.8 $ 1598.1 $ 1528.3 $ 1505.9 $ 1273.2 $ 625.5
2021 $ 10817.1 $ 1200.1 $ 3639.0 $ 2794.8 $ 1772.5 $ 1682.7 $ 1669.6 $ 1394.5 $ 688.3
2022 $ 12200.8 $ 1324.2 $ 4061.9 $ 3077.1 $ 1966.2 $ 1852.9 $ 1851.4 $ 1527.5 $ 757.5
2023 $ 13760.0 $ 1461.4 $ 4534.7 $ 3388.4 $ 2181.5 $ 2040.8 $ 2053.4 $ 1673.5 $ 833.7
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Asia Pacific Bio-based Chemicals Market Forecast (2015-2023)

Synopsis
The above chart is Global Bio-based Chemicals market [2015-2023] by Asia Pacific

Market Dynamics

china accounted for the largest market share in 2018 in the asia pacific bio-based chemicals market, and is expected to reach usd 13760.00 million in 2023 from usd 7602.40 million in 2018.this market is projected to grow at a cagr of 12.68% during the forecast period from 2019 - 2023. bio alcohols segment accounted for the largest market share in 2018, this market is expected to reach usd 13055.60 million in 2023 from usd 7851.40 million in 2018. this market is projected to grow at a cagr of 10.80% during the forecast period from 2019 - 2023. however, bio plastics segment is the fastest growing market, which is expected to grow at a cagr of 13.57% during the forecast period 2019 - 2023. food and beverages segment accounted for the largest market share in 2018, this market is expected to reach usd 7808.30 million in 2023 from usd 4955.70 million in 2018. this market is projected to grow at a cagr of 9.61% during the forecast period from 2019 - 2023. however, pharmaceuticals segment is the fastest growing market, which is expected to grow at a cagr of 13.73% during the forecast period 2019 - 2023.

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