Bio-chemicals or bio-based chemicals are manufactured from bio-based renewable materials such as sugar, vegetable oils, starch, and others. The conversion of these bio-materials into bio-chemicals is carried out by fermentation or enzyme reaction.       

Market Dynamics

Increasing adoption of bio-chemicals over petroleum based chemicals in different end user industries is expected to boost demand for bio-chemicals over the forecast period. Earlier, petroleum based oleo-chemicals were used in the manufacturing of surfactants, food additives, soaps, detergents products. Due to changing environmental policies, consumers are shifting their preference towards bio-based oleo-chemicals. In Middle East, most of the countries such as Saudi Arabia, Oman, Kuwait, and others are highly dependent on oil economy. Therefore, the need to develop environmentally, socially and economically sustainable economy is expected to drive the market growth.         

Lack of legislation about production and usage of bio-chemicals is a major factor that is expected to restrain the market growth. Moreover, there is a lack of laws or legislation regarding production, usage or waste management of bio- chemicals in several countries such as Saudi Arabia and U.A.E. Recycling of bio- chemical products is also a major issue as recycling bio- chemicals without separating them from conventional chemical products can generate hazardous waste, and pose a threat to the environment.

Rising stringent regulations on banning the usage of non-biodegradable plastics, particularly in Saudi Arabia and UAE is expected to drive the Middle East bio-chemicals market growth. The ban on utilization of non-biodegradable plastics is expected to increase the usage of bio-based plastics. For instance, in 2013, The Ministry of Environment and Water, announced ban on the circulation and marketing of non-biodegradable plastic products. The ban also covers biodegradable plastic products, which are not registered within the Emirates Conformity Assessment System (ECAS).

Increasing focus of key players on business expansion is expected to drive the market growth in terms of revenue. For instance, in 2016, Clariant, announced construction of new plant in Saudi Arabia. The facility will manufacture bio-based polymers that are used in the packaging industry. Clariant AG is a global specialty chemicals company. The Company's products and services are grouped into four business areas: Care Chemicals, Catalysis & Energy, Natural Resources and Plastics & Coatings. Clariant develops, produces, markets and sells specialty chemical products for various end markets.

Key features of the study:      

• This report provides in-depth analysis of the Middle East bio-chemicals market and provides market size (Kilo Tons (KT)) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Middle East bio-chemicals market based on the following parameters– company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study are BASF SE, Clariant A.G., Evonik Industries A.G., Total S.A., Cargill Inc., Biolive, Saudi Biodiesel, Saudi Bio-Acid Company, Sain Bag, and Neutral Fuels among others.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• Middle East bio-chemicals market report caters to various stakeholders in this industry including investors, suppliers, bio-chemicals manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Middle East bio-chemicals market

Detailed Segmentation:

• Middle East Bio-chemicals Market, By Product Type
  • Bio-plastic
    • Bio-based Degradable
      • Polybutyrate Adipate Terephthalate (PBAT)
      • Polyhydroxyalkanoate(PHA)
      • Polybutylene Succinate (PBS)
      • Starch Blends
      • Polylactic Acid (PLA)
      • Others
    • Bio-based Non-degradable
      • Polyethylene (PE)
      • Polyamide (PA)
      • Polyethylene Terephthalate (PET)
      • Others
  • Bio-lubricants
    • Vegetable Oil
    • Mineral Oil
  • Bio-solvents
    • Glycerol
    • Ethanol
    • Ketone
    • Others
  • Bio-surfactants
  • Others
• Middle East Bio-chemicals Market, By Application
  • Chemical & Fertilizers
  • Food & Beverages
  • Pharmaceuticals
  • Paint & Coatings
  • Automotive
  • Packaging
  • Personal Care & Cosmetics
  • Others
• Middle East Bio-chemicals Market, By Country
  • Saudi Arabia
  • Qatar
  • UAE
  • Egypt
  • Kuwait
  • Rest of Middle East
• Company Profiles
  • BASF SE*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Clariant A.G.
  • Evonik Industries A.G.
  • Cargill Inc.
  • Total S.A.
  • Biolive
  • Saudi Biodiesel
  • Saudi Bio-Acid Company
  • Sain Bag
  • Neutral Fuels

“*” marked represents similar segmentation in other categories in the respective section.