Renewable Chemicals Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25

RENEWABLE CHEMICALS MARKET - GLOBAL
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2017-25
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REPORT DESCRIPTION
Renewable Chemicals Market Overview
Renewable chemicals commonly known as bio-based chemicals are obtained from various renewable sources
such as organic waste products, agricultural waste, agricultural feedstock, microorganism, and biomass. Due to
lower carbon constituent and environment-friendly characteristics, renewable chemicals have emerged as
potential substitutes for petroleum-based chemicals. Increasing awareness and growing demand for methanol and
ethanol in the pharmaceutical industry is a major factor expected to fuel growth of the renewable chemicals
market during the forecast period. The renewable chemicals market is expected to be dominated by Europe,
followed by North America. This is mainly attributed to inclination of the populace and industry players towards
adoption of novel and technologically advanced green products. However, backed up by supportive government
policies and low labor cost, Asia Pacific is expected to attract enormous growth for the market during the forecast
period. Renewable chemicals have diverse application such as agriculture, food & beverages packaging,
biomedical, among others. Technology applied for manufacturing renewable chemicals from biomass includes
thermo chemical conversion, enzymatic hydrolysis, dehydrative transformation, fermentation and bioconversion,
production of Fischer Tropsch diesel, acid hydrolysis, among others.
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REPORT DESCRIPTION
Renewable chemicals Market Taxonomy
On the basis of product type, the global market is classified into:
•
•
•
•
•
Bio polymer
Alcohols
Ketones
Organic acids
Others
On the basis of applications, the global market is classified into:
•
•
•
•
•
Agriculture
Food & beverages packaging
Bio medical
Textiles
Others
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REPORT DESCRIPTION
Renewable chemicals Market Taxonomy
On the basis of geography, the global market is classified into:
North America
•
U.S.
•
Canada
Europe
•
U.K.
•
Germany
•
Italy
•
France
•
Spain
•
Russia
•
Rest of Europe
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REPORT DESCRIPTION
Renewable Chemicals Market Outlook – Surge in End User Demand
Augmenting Market Growth
Emerging technological breakthroughs, inclination of the populace towards eco­friendly products, and supportive government policy are fueling growth of the renewable chemicals market. Moreover, the growing demand for ethanol & methanol, green packaging materials, and consumer goods packaging materials is expected to witness tremendous growth during the forecast period. Abundant raw material, cheap labor cost, and increasing demand for renewable chemicals in China and India is expected to propel growth of the market for renewable chemicals. Moreover, tremendously escalating urbanization and industrialization in emerging economies of Asia Pacific are further expected to amplify demand for renewable chemicals across various flourishing end­use industries. Strict regulation by EU on the use of fossil fuels has compelled manufacturers and researchers to innovate and develop new technology, which can replace fossil fuel.
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Renewable Chemicals Market report categorizes global market by produc type, application, and geography - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25