Press release
Global Renewable Chemicals Market to reach USD 146.8 billion by 2025 : Top Key Players are Biome Technologies PLC, Metabolix Inc, BASF SE, Mitsubishi Chemical Corp., Reverdia, Genomatica Inc., Bioamber Inc., Myriant Corporation
Global Renewable Chemicals Market valued approximately USD 61.5 billion in 2017 is anticipated to grow with a healthy growth rate of more than 11.5% over the forecast period 2018-2025. The Renewable chemicals are enhancing the deployment of renewable sources of energy due to rising environmental concerns. Rising environmental awareness among people is raising the adoption of bio-based products produced from renewable feedstock such as biomass, agricultural raw materials and microorganisms.Cost-effectiveness and easy availability of feedstock required for producing renewable chemicals and government initiatives to promote sustainable forms of energy resources are the key drivers of renewable chemicals market. Further, chemicals can be easily converted into the products and the conversion is efficient in improving the production capacity that offers lucrative opportunities to the marketers. However, fluctuating prices of crude oil across the world is expected to hinder the market growth during the forecast period.
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On the basis of segmentation, the Renewable Chemicals market is segmented into product type and application. The product type segment is classified into bio-based chemicals, platform chemicals and biopolymers. The application segment is classified into agriculture, fertilizers, environment, industrial, textiles, housing, food-packaging and beverage bottling, recreation, transportation, health and hygiene and bio-medicals. The product type segment is anticipated to dominate the Renewable Chemicals market considering the forthcoming years and the global scenario.
The regional analysis of Global Renewable Chemicals Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.
The leading market players mainly include-
Biome Technologies PLC
Metabolix Inc
BASF SE
Mitsubishi Chemical Corp.
Reverdia
Genomatica Inc.
Bioamber Inc.
Myriant Corporation
Cobalt Technologies Inc.
Natureworks LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Platform Chemicals
Aspartic Acid
Levulinic Acid
Itaconic Acid
Glucaric Acid
Glutamic Acid
3-Hydroxyproionic Acid
1,4-Diacids
2,5-Furan-Dicarboxylic Acid
Bio-based Chemicals
Organic Acids
Alcohols
Ketones
Others
Biopolymers
PBS
Bio-Pe
Bio-Pet
Polyvinyl Acetate
Polyamin Acids
Polyacrylamide
Polyglycolic Acid
PHA
PLA
Starch Blends
Regenerated Cellulose
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By Application:
Agriculture
Industrial
Fertilizers
Housing
Transportation
Bio-medical
Textiles
Food-Packaging and Beverage Bottling
Health and Hygiene
Recreation
Environment
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Renewable Chemicals Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.
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