Based on application, the bio-based chemicals market can be classified into industrial chemicals, pharmaceuticals, food goods, and agricultural products. Traditionally, industrial chemicals, which include succinic acid, industrial alcohol, bio-based colours, lactic acid, glycerol, acrylic acid, and others, maintained a considerable stake in the market. Although many chemical companies worldwide produce these substances, they are typically more expensive than the standard ones. Biodiesel, biogas, and solid biomass are the three fuel categories that make up the bio-based chemicals business. Among these, biogas is anticipated to have a sizable market share during the forecasting period. This is because biogas has several uses, such as a fuel for homes and for the production of power.
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