Renewable Chemicals Market

Renewable Chemicals Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2018-2026
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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Renewable Chemicals Market – Regulatory Scenario:
2009, Federal Legislation enthusiastic support for bio based products
development and promotion.
As per The Biomass Research and Development Act of 2000, established the
biomass research and development initiative to promote and develop bio based
products, which consist of representatives from the white house, US Department
of Agriculture (USDA) and US Department of Energy
The key players in the market include Archer-Daniels-Midland Company
(ADM), Amyris Inc., BASF SE, Bioamber Inc., Biomethanol Chemie
Nederland B.V., Braskem, Cargill Inc., DSM, E. I. DU Pont DE Nemours &
Company, Evonik Industries AG, Genomatica Inc., Metabolix, Inc., Myriant
Corporation, Natureworks LLC, Novozymes A/S, OPX Biotechnologies,
Solazyme Inc., Solvay, The Dow Chemical Com.
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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