Renewable Chemical Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Renewable Chemical Market: By Product Type (Alcohol, Ketone, Organic Acid, Biopolymer), By End User (Automotive & Transportation, Textile, Pharmaceuticals, Consumer & Home Appliances, Healthcare, Food & Beverages), and Geography.

 

 

 

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Report

Description

Global Renewable Chemical Market was valued at USD 49.1 Billion in 2021 and is anticipated to grow at USD 84.4 Billion till 2028 recording a CAGR of 11.48% during the forecast period 2022-2028. Renewable Chemical Market bio-based chemicals comprises variety of chemicals which are obtain 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 it 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 petro-chemicals. In October 20 2015, SGBio, a joint venture between the Solvay Group and GranBio, has acquired assets from Cobalt including the bank of microorganisms and intellectual property


Renewable Chemical Market

MARKET SUMMARY
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11.48%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 11.48%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Renewable Chemical Market

  • Renewable Chemical Market gives historical, current, and future market sizes (US$ Bn) of product type and distribution channel and geographic regions.
  • This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, the market report includes regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
  • Key stakeholders of the market report include suppliers, manufacturers, marketers, policy makers engaged in manufacturing and supply of Infant nutrition
Market Key Players
  • BASF SE
  • BioAmber Inc
  • Cargill, Natureworks LLC
  • Archer Daniels Midland Company
  • Verenium Corporation, Beta Renewables SpA
  • Braskem, Chevron Corporation
  • Cobalt Technologies
  • Amyris Inc.
Growth

Renewable Chemical Market

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 Got Significant Share

Renewable Chemicals Market

Geographically, renewable chemicals market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America and Latin America Renewable Chemicals Market is 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 renewable chemicals market in 2013 on account of increasing European Union investment to establish ‘Green Economy’ coupled with stringent REACH and European Commission regulations towards petrochemicals. European Commission’s ’20-20-20’ 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

KEY FEATURES OF THE REPORT

  • The report provides granular level information about the market size, regional market share, historic market (2016 to 2021) and forecast (2022 to 2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Keloid Treatment Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

Competition Assessment:

Some of the players in the renewable chemical market include:

  • BASF SE
  • BioAmber Inc
  • Cargill, Natureworks LLC
  • Archer Daniels Midland Company
  • Verenium Corporation, Beta Renewables SpA
  • Braskem, Chevron Corporation
  • Cobalt Technologies
  • Amyris Inc.

Description

Global Renewable Chemical Market was valued at USD 49.1 Billion in 2021 and is anticipated to grow at USD 84.4 Billion till 2028 recording a CAGR of 11.48% during the forecast period 2022-2028. Renewable Chemical Market bio-based chemicals comprises variety of chemicals which are obtain 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 it 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 petro-chemicals. In October 20 2015, SGBio, a joint venture between the Solvay Group and GranBio, has acquired assets from Cobalt including the bank of microorganisms and intellectual property

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX