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Fatpos Global

Global Renewable Chemicals Market Growth Opportunities, Future Trends, SWOT Analysis, Forecasts – Global Market Insights 2021 to 2030

June 1st, 2021 10:10 AM

Global Renewable Chemicals Market to surpass USD 250.37 billion by 2030 from USD 85.80 billion in 2020 at a CAGR of 11.28% throughout the forecast period, i.e., 2020-30. Global Renewable Chemicals market is estimated to grow due to the growing awareness regarding environmental safety and government support for eco-friendly sources & processes, and technological innovations. Additionally, rising demand for ethanol & methanol, green packaging materials, and consumer goods packaging materials is anticipated to boost the market growth in the coming years.

Renewable chemicals, also known as bio-based chemicals are produced from natural and bio-based raw materials. They are obtained from agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Renewable chemicals have emerged as potential substitutes for petroleum-based chemicals as they offer fewer carbon footprints and are ecofriendly.  Some of the commonly used renewable chemicals include polymeric (lignin, hemicellulose, cellulose, starch, protein) and monomeric (carbohydrates, oils, plant extractives, amino acids) components. Renewable chemicals are utilized in surfactants and lubricants, consumer goods, resins, and plastics for environmental purposes. Renewable chemicals find application in various chemical industries such as housing, environment, transportation, food processing, pharmaceutical, textiles, and others.

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  • Market size & share analysis
  • Top market players with sales, revenue, and business strategies analysis
  • Market growth drivers and restraints
  • Market opportunities & challenges
  • Research methodology

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Global Renewable Chemicals Market: Key Players

  • Archer-Daniels-Midland Company
  • Amyris Inc.
  • BASF SE
  • Bioamber Inc.
  • Biomethanol Chemie Nederland B.V.
  • Braskem
  • Cargill Inc.
  • DSM
  • DU Pont DE Nemours & Company
  • Evonik Industries AG
  • Genomatica Inc
  • Other Prominent Players

Global Renewable Chemicals Market: Segments

Alcohol segment to grow with the highest CAGR of during 2020-30

Global Renewable Chemicals Market is segmented by Product type into Alcohols, Ethanol, Methanol, Biopolymers, Ketones, Platform Chemicals, Organic Acids, and others. Alcohol, segment held the largest market share in the year 2019 owing to abundant availability and increasing application scope in several industries.

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Market Dynamics

Drivers

Rising Environmental Concerns

The growing environmental concerns and safety along with government support and initiatives are encouraging the production, usage, and souring of renewable chemicals. Additionally, consumers are getting aware of the health issues and the negative impact of the chemicals on the environment which has led to rising demand for renewable chemicals. Furthermore, several technological innovations from the manufacturers are likely to stimulate market growth.

Restraint

High Production Cost

Cost of renewable chemicals is high when compared to the conventional polymers is expected to hinder the growth of market. Furthermore, technical glitches during the process and the chances of quality or performance compromise with the traditional chemicals may hamper the market growth.

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Global Renewable Chemicals Market report also contains analysis on:

Renewable Chemicals Market Segments:

  • By Product Type
    • Alcohols
    • Ethanol
    • Methanol
    • Biopolymers
    • Ketones
    • Platform Chemicals
    • Organic Acids
    • Others.
  • By Application
    • Agriculture
    • Textiles
    • Environment
    • Transportation
    • Food & Beverage Packaging
    • Communication
    • Bio-Medical
    • Others

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About us

Fatpos Global stands for “Failures Are The Pillar of Success”. We are a rapidly-growing global management consulting, advisory, and market research services provider that aims to aid businesses with bold decisions that help them embrace change for their sustainable growth. With the help of our experts and industry veterans and their years of expertise across different industry verticals, we aid businesses with solutions that help in their efficient decision making and Developing executable strategies. With a vibrant ecosystem of robust digital innovation and a vision for the delivery of management consulting, advisory, and market research services and solutions in better, faster, and transformational growth strategies, we thrive to enable our extraordinary thought leadership processes into our services with the equitable analytical tools and experiences that help us make our clients achieve their goals turn into a reality

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