The global demand for Renewable Chemicals Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2027 with a CAGR of XX% during 2020-2026.
Renewable chemicals are utilized for broadening the use of renewable resources over the fossil-based energies. They include all the chemicals which are generated from renewable feedstock such as microorganisms, biomass and agricultural materials. Furthermore, these are also used in various applications by numerous chemical industries such as the food processing, textiles, environment, transportation, pharmaceutical, and others. Renewable chemicals are generally usable in the form of different organic acids, ketones, alcohols, and bio-polymers. Further, they can also be used in resins, surfactants, lubricants, consumer goods, and plastics for environmental applications.
Increasing consumer consciousness towards renewable chemical products coupled with boosting environmental problems has been the crucial drivers of the global renewable chemicals market growth. Strict environment policies for production and disposal of petrochemicals by regulatory units have also propelled renewable chemicals market over the past decades. Volatile crude oil costs along with elevated prices of finished petrochemical articles are assessed to enhance market growth over the forecast years. Gaining priority for renewable reserves on commercial as well as industrial levels for production of finished articles for pharmaceutical industry, and others like medicines, food additives, plastics, etc. is also foreseen to augment renewable chemicals market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of renewable chemicals.
The entire renewable chemicals market has been sub-categorized into product, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Polyhydroxy Alkanoates (PHA)
- Starch Blends
- Polylactic Acid (PLA)
- Regenerated Cellulose
- Platform Chemicals
- Organic Acids
- Food & beverage packaging
This section covers regional segmentation which accentuates on current and future demand for renewable chemicals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Renewable Chemicals Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the renewable chemicals market include Corbion N.V., Mitsubishi Chemical Corporation, Myriant Corporation, Genomatica, Metabolix Inc., BASF, Braskem, BioMCN, NatureWorks LLC, DuPont Tate & Lyle Bio Products, Cobalt Technologies, BioAmber. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.