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Middle East and Africa Bio-based Chemicals Market Size to Reach … – GlobeNewswire

| Source: Rationalstat LLC Rationalstat LLC
Wilmington, Delaware, UNITED STATES
Wilmington, Delaware, Nov. 10, 2023 (GLOBE NEWSWIRE) — Middle East and Africa Bio-based Chemicals Market value is estimated at US$ 6.2 billion in 2023 and is expected to grow at a significant CAGR of over 10.2% over the forecast period of 2023-2030, according to the latest market report by RationalStat

Market Definition, Market Scope, and Report Overview
Bio-based chemicals are environmentally benign and sustainable alternatives to typical petrochemical-based chemicals due to their renewable sources. The MEA region is abundant in natural resources and agricultural feedstock, ensuring a steady supply of raw materials for bio-based chemical manufacturing. Sugarcane, maize, and cellulose are easily available biomass sources in countries around the region.
Several governments in the MEA region have implemented policies and initiatives to promote the development and adoption of bio-based chemicals. Incentives, subsidies, and regulations supporting the use of renewable resources have encouraged investment and market growth.
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Middle East and Africa Bio-based Chemicals Market: Segmental and Market Share Analysis
Report Synopsis
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Competition Analysis and Market Structure
Leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. 
Some of the prominent players and suppliers operating and contributing significantly to the Middle East and Africa Bio-based Chemicals market growth include BASF SE, DuPont de Nemours, Inc., Solvay SA, Global Bio-Chem Technology Group Co., Ltd., Corbion N.V., Eastman Chemical Company, NatureWorks LLC, BioAmber Inc., Soreplast Biopolymers, Algae Planet, Bio-Based Technologies, Inc., and Bio-Organic, among others.
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RationalStat has segmented the Middle East and Africa Bio-based Chemicals market based on product, feedstock, application and region

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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
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RationalStat is an end-to-end Australia market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support Australia and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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