Press release
Bio-renewable Chemicals Market to gain substantial revenues by 2025 | Leading Key Players: Solazyme, Elevance BASF SE, Solvay, Myriant, BioAmber, DuPont, Lanza Tech, Gevo
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Company Profiles:
1. Amyris
2. ZeaChem
3. Solazyme,
4. Elevance
5. BASF SE
6. Solvay
7. Myriant
8. BioAmber,
DuPont
9. Lanza Tech
10. Gevo
In terms of application, the global bio-renewable chemicals market has been segmented into bio-solvents, bio-cleaners & detergents, bio-plastic and others. Among the aforementioned segments, bioplastic shall generate maximum revenue from 2019 to 2025. The growing demand for sustainable packing across the globe is likely to boost bioplastic segment growth. Moreover, the presence of stringent regulations mainly in the U.S. and Europe regarding the use of sustainable plastic shall further surge bioplastics demand.
Bio-renewable Chemicals Market, By Product, 2014-2025 (Tons) (USD Million)
o Succinic acid
o Lactic acid
o Glycerin
o Other
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Bio-renewable Chemicals Market, By Application, 2014-2025 (Tons) (USD Million)
o Bio-solvents
o Bio-cleaners & detergents
o Bio-plastic
o Others
Asia Pacific market of bio-renewable chemicals is likely to witness a steady CAGR during the forecast period. The rising concern regarding the depletion of fossil fuel is projected to be a major factor driving the bio-renewable chemicals market. Moreover, the growing government initiatives to produce bio chemicals coupled with the easy availability of feedstock in the region shall further propel product demand during the forecast timeframe.
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Some of the key market players in bio-renewable chemicals market include Amyris, ZeaChem, Solazyme, Elevance BASF SE, Solvay, Myriant, BioAmber, DuPont, Lanza Tech and Gevo etc.
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