Platform chemical is a type of chemical, which works as building blocks and can be converted into numerous materials or chemicals. They are either bio-based or petroleum-based. Acetic acid, ethylene, methanol, polypropylene, toluene, benzene, and ethanol are some of the commonly used petroleum-based chemicals in the industry. However, increasing hazardous effect from petroleum chemicals are major reason for manufacturers to produce renewable platform chemicals. Furthermore, growing introduction of novel technologies in biotechnology is expected to drive growth of the global platform chemicals market during the forecast period. Propionic acid, butanediol, glycerol, sorbitol, succinic acid, and lactic acid are some of the majorly used bio-based platform chemicals used in various industries. Platform chemical finds applications in paints, dyes, agrochemicals, coatings, paints, varnishes, specialty chemicals, and dyes.