Future of the Global Renewable Chemicals Market to 2021 by Archer-Daniels-Midland Company, Amyris Inc, BASF, Bioamber, Biomethanol Chemie Nederland, Braskem, Cargill, DSM, E. I. DU PONT, Evonik industries

Key Findings

Bioethanol forms 95% of Renewable Chemicals Market.

Polylactic acid (PLA) and polyhydroxyalkanoates (PHA) are the major biopolymers in the market.

Bio-based succinic acid and iso-butanol hold the highest growth potential.

The major factors accelerating the growth of Renewable Chemicals are the availability of low cost feedstock and the increasing awareness about eco-friendly products.

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Performance and cost competitiveness with traditional fuels form the major restraining factors for the Renewable Chemicals.

Industry/ Innovation/ Related News:

October 19, 2017- The Renewable Chemicals Act of 2017, introduced in the House in June 2017 by Rep. Bill Pascrell (D-NJ). This Senate bill is companion legislation, which if enacted would create a targeted, short-term tax credit for production of qualifying Renewable Chemicals from biomass or investment in production facilities. In long term this tax credit would be evaluated on the basis of job creation, innovation, environmental benefits, commercial viability and contribution to U.S. energy independence. This development is the start of new era of government policies supporting the efforts of manufacturer’s move in favor of environmental protection.

28 November 2017- Emery Oleochemicals introduced a new product, through its Eco-Friendly Polyols platform, called EMEROX®. The product has high renewable content and superior performance property. This product possess all the structural design freedom of a petrochemical-based polyol. This is going add a new chapter of technological advancement in the Global Renewable Chemicals Market.

Renewable Chemicals Market – Market Overview

Renewable Chemicals are a specific chemicals containing considerable amount of renewable content which enhances the recyclability. Rising consumer awareness regarding sustainable development and vast spread understanding about the harms of persistent chemical to the environment are the major factors driving growth of the market during the forecast period. In addition to this the stringent regulatory measures put in place by the government and environmental regulatory authorities in mature economies has driven the development of bio-based renewable products. European Commission has regulated REACH which is intended to improve the protection of human health and the environment from the risks that can be posed by chemicals. Collectively these trends are anticipated to fuel growth of the Global Renewable Chemicals Market.

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