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Renewable Chemicals Market: By Product Type, By Feedstock, By Applications, and Geography
Renewable Chemicals Market: By Product Type, By Feedstock, By Applications, and Geography
Renewable Chemicals Market size was valued at US$ 49.1 billion in 2023 and is anticipated to grow to US$ 84.4 billion till 2030 recording a CAGR of 11.48% from 2024-2030. Renewable Chemical Market bio-based chemicals comprise a variety of chemicals that are obtained from renewable sources such as agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Renewable chemicals are considered as sustainable source of carbon as they offer fewer carbon footprints in comparison to conventional petro-based chemicals. Some of the most commonly found renewable chemicals include polymeric (lignin, hemicellulose, cellulose, starch, protein) and monomeric (carbohydrates, oils, plant extractives, amino acids) components. These chemicals are used widely as a direct substitution for conventional petrochemicals.
Study Period
2024-2030Base Year
2023CAGR
11.48%Largest Market
North AmericaFastest Growing Market
Europe
Global trend towards oil independency, increasing awareness towards reduction of carbon foot prints in order to cope with situation such as landfills and global warming, and increasing consumer preferences towards green and natural product is driving the market for renewable chemicals. Moreover limiting petroleum resources, political instability of major oil producing countries and continuous fluctuation in price of petroleum product has helped in overall popularity and acceptance of renewable chemicals around the globe. However, due to the rising concern of policymakers over food security and deforestation has restrained the growth of the renewable global chemical market.
North America and Latin America marketis expected to grow at a significant CAGR due to presence of abundant raw material particularly in U.S., Brazil and Argentina is expected to strengthen the supply side for local manufacturers within the region has lucrative growth attributed to rise in prevalence of cancer and neurological disorders, development of technologically advanced devices by market players, presence of skilled professionals in U.S and Canada are fuel the market. Europe Renewable Chemicalsis the largest marketin 2013 on account of increasing European Union investment to establish Green Economy coupled with stringent REACH and European Commission regulations towards petrochemicals. European Commission initiative is further estimated to promote renewable chemicals penetration in the region over next few years. Asia Pacific Renewable Chemical Market is expected to take over Europe in terms of market share during the forecasted period. Easy and cheap availability of raw materials, cheap labor and increasing demand of renewable chemicals from growing countries such as China, Japan and India are some major factors propelling the market for renewable chemicals in Asia Pacific.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 49.1 billion |
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Market CAGR |
11.48% |
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By Product Type |
|
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By Feedstock |
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By Application |
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By Region |
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Download Free Sample Report
The global renewable chemicals market size was valued at US$ 49.1 billion in 2023 and is projected to grow at a CAGR of 11.48% from 2024-2030
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1. Executive Summary |
| 2. Global Renewable Chemicals Market Introduction |
| 2.1. Global Renewable Chemicals Market - Taxonomy |
| 2.2. Global Renewable Chemicals Market -Definitions |
| 2.2.1. Product Type |
| 2.2.2. By Feedstock |
| 2.2.3. Applications |
| 2.2.4. By Region |
| 3. Global Renewable Chemicals Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Renewable Chemicals Market Dynamic Factors - Impact Analysis |
| 3.6. Global Renewable Chemicals Market - Competition Landscape |
| 4. Global Renewable Chemicals Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Renewable Chemicals Market, Product Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1. Alcohols |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Organic Acids |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Ketones |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Platform Chemicals |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Biopolymers |
| 5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Renewable Chemicals Market Forecast, By Feedstock, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1. Corn |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Sugarcane |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Biomass |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Algae |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Renewable Chemicals Market, By Applications, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1. Petrochemical |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Textiles |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Food & Beverage |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Automotive |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Chemical |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Agricultural |
| 7.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Bio-Medical |
| 7.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 7.8. Others |
| 7.8.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.8.3. Market Opportunity Analysis |
| 8. Global Renewable Chemicals Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Renewable Chemicals Market - Opportunity Analysis Index, Product Type, By Feedstock, Applications and Region, 2024-2030 |
| 9. North America Renewable Chemicals MarketAnalysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Alcohols |
| 9.1.2. Organic Acids |
| 9.1.3. Ketones |
| 9.1.4. Platform Chemicals |
| 9.1.5. Biopolymers |
| 9.1.6. Others |
| 9.2. By Feedstock Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Corn |
| 9.2.2. Sugarcane |
| 9.2.3. Biomass |
| 9.2.4. Algae |
| 9.2.5. Others |
| 9.3. Applications Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Petrochemical |
| 9.3.2. Textiles |
| 9.3.3. Food & Beverage |
| 9.3.4. Automotive |
| 9.3.5. Chemical |
| 9.3.6. Agricultural |
| 9.3.7. Bio-Medical |
| 9.3.8. Others |
| 9.4. Country Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Renewable Chemicals Market - Opportunity Analysis Index, Product Type, By Feedstock, Applications, and Country, 2024-2030 |
| 9.6. North America Renewable Chemicals Market Dynamics - Trends |
| 10. Europe Renewable Chemicals Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Alcohols |
| 10.1.2. Organic Acids |
| 10.1.3. Ketones |
| 10.1.4. Platform Chemicals |
| 10.1.5. Biopolymers |
| 10.1.6. Others |
| 10.2. By Feedstock Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Corn |
| 10.2.2. Sugarcane |
| 10.2.3. Biomass |
| 10.2.4. Algae |
| 10.2.5. Others |
| 10.3. Applications Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Petrochemical |
| 10.3.2. Textiles |
| 10.3.3. Food & Beverage |
| 10.3.4. Automotive |
| 10.3.5. Chemical |
| 10.3.6. Agricultural |
| 10.3.7. Bio-Medical |
| 10.3.8. Others |
| 10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Renewable Chemicals Market - Opportunity Analysis Index, Product Type, By Feedstock, Applications, and Country, 2024-2030 |
| 10.6. Europe Renewable Chemicals Market Dynamics - Trends |
| 11. Asia-Pacific Renewable Chemicals Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Alcohols |
| 11.1.2. Organic Acids |
| 11.1.3. Ketones |
| 11.1.4. Platform Chemicals |
| 11.1.5. Biopolymers |
| 11.1.6. Others |
| 11.2. By Feedstock Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Corn |
| 11.2.2. Sugarcane |
| 11.2.3. Biomass |
| 11.2.4. Algae |
| 11.2.5. Others |
| 11.3. Applications Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Petrochemical |
| 11.3.2. Textiles |
| 11.3.3. Food & Beverage |
| 11.3.4. Automotive |
| 11.3.5. Chemical |
| 11.3.6. Agricultural |
| 11.3.7. Bio-Medical |
| 11.3.8. Others |
| 11.4. Country Analysis2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Renewable Chemicals Market - Opportunity Analysis Index, Product Type, By Feedstock, Applications, and Country, 2024-2030 |
| 11.6. Asia-Pacific Renewable Chemicals Market Dynamics - Trends |
| 12. Latin America Renewable Chemicals Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Alcohols |
| 12.1.2. Organic Acids |
| 12.1.3. Ketones |
| 12.1.4. Platform Chemicals |
| 12.1.5. Biopolymers |
| 12.1.6. Others |
| 12.2. By Feedstock Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Corn |
| 12.2.2. Sugarcane |
| 12.2.3. Biomass |
| 12.2.4. Algae |
| 12.2.5. Others |
| 12.3. Applications Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Petrochemical |
| 12.3.2. Textiles |
| 12.3.3. Food & Beverage |
| 12.3.4. Automotive |
| 12.3.5. Chemical |
| 12.3.6. Agricultural |
| 12.3.7. Bio-Medical |
| 12.3.8. Others |
| 12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Renewable Chemicals Market - Opportunity Analysis Index, Product Type, By Feedstock, Applications, and Country, 2024-2030 |
| 12.6. Latin America Renewable Chemicals Market Dynamics - Trends |
| 13. Middle East and Africa Renewable Chemicals Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 13.1. Product Type Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Alcohols |
| 13.1.2. Organic Acids |
| 13.1.3. Ketones |
| 13.1.4. Platform Chemicals |
| 13.1.5. Biopolymers |
| 13.1.6. Others |
| 13.2. By Feedstock Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Corn |
| 13.2.2. Sugarcane |
| 13.2.3. Biomass |
| 13.2.4. Algae |
| 13.2.5. Others |
| 13.3. Applications Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Petrochemical |
| 13.3.2. Textiles |
| 13.3.3. Food & Beverage |
| 13.3.4. Automotive |
| 13.3.5. Chemical |
| 13.3.6. Agricultural |
| 13.3.7. Bio-Medical |
| 13.3.8. Others |
| 13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Renewable Chemicals Market - Opportunity Analysis Index, Product Type, By Feedstock, Applications, and Country, 2024-2030 |
| 13.6. MEA Renewable Chemicals Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, By Feedstock& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. BASF SE (Germany) |
| 14.2.2. Mitsubishi Chemical Holdings Corporation (Japan) |
| 14.2.3. DAIKIN (Japan) |
| 14.2.4. 3M (U.S.) |
| 14.2.5. Braskem (Brazil) |
| 14.2.6. Corbion N.V. (Netherlands) |
| 14.2.7. NatureWorks LLC (U.S.) |
| 14.2.8. Amyris (U.S.) |
| 14.2.9. OCI N.V. (Netherlands) |
| 14.2.10. Celanese Corporation (United States) |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.