Ethanol Is Expected To Be The Highest Revenue-Generating Segment Of Renewable Chemicals Market

250 Pages Renewable Chemicals Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

Latest industry survey by Fact MR, predicts Renewable Chemicals sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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The report offers actionable and valuable market insights of Renewable Chemicals. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Renewable Chemicals across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow.

The study identifies crucial trends that are determining the growth of Renewable Chemicals. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Renewable Chemicals

This newly published and insightful report sheds light on Market Insights of Renewable Chemicals, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Renewable Chemicals.

What Factors are Propelling Renewable Chemicals Demand?

There are numerous factors propelling the demand for renewable chemicals. Depletion of fossil fuels and rise in greenhouse gas emissions will force the industries to use renewable chemicals like nes, ethanol, biopolymers, etc. in manufacturing.

The restrictions that government imposes in the form of emission fees to discourage the use of fossil fuels are also a contributing factor to the increase in the demand for renewable chemicals. In 2020, the US government charged US$ 24-US$ 39/tCO2e (tonnes of carbon dioxide equivalent) from various companies. Besides, several manufacturers have also added bio-ethanol to their product portfolio to promote environment-friendliness.

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The rise of about 1,500 Mt CO2 will be the highest single increase as compared to the carbon-intensive economic recovery from the global financial crisis, and it would leave world emissions reaching roughly 400 Mt CO2, or 1.2% lower in 2021 than they were in 2019. This is a serious cause of concern for both the government and the industrialists.

Renewable chemicals possess the properties like lesser waste, eliminating costly remediation, hazardous waste disposal, and end-of-pipe treatments. Because of the rise in greenhouse gas emissions, renewable chemicals are also needed to reduce carbon footprints. Furthermore, low-cost feedstocks like biomass, environment-friendly products, and ongoing technological advancements like using old bottles for the manufacture of polyurethane raw materials, may boost the industry forward in the near future.

Renewable Chemicals Market was valued at US$ 86.7 Bn in 2021. According to Fact.MR, Renewable Chemicals Market revenue would increase 2.7X between 2022 and 2032, reaching roughly US$ 262.9 Bn in 2032.
In terms of Product Type, Ethanol accounts for the highest projected CAGR of over 12.5%.
In terms of Feedstocks of Renewable Chemicals, Biomass accounts for the highest CAGR of 11.3% during the historical period.
US is the dominant country in the Renewable Chemicals Market with an absolute dollar growth opportunity of over US$ 38.6 Bn.

Market Segments Covered in Renewable Chemicals Market Analysis

By Product Type :
Ethanol
nes
Biopolymers
Platform Chemicals
Other Product Types

By Feedstocks :
Biomass
Corn
Sugarcane
Algae
Other Feedstocks

By End-Use :
Automotive
Medical
Food and Beverages
Petrochemicals
Textiles
Agriculture
Other End-Uses

By Region :
North America
Latin America
Europe
APAC
MEA

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Competitive Analysis
Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. To help healthcare organizations implement data analysis solutions, combat the Covid-19 pandemic, and preserve competitive advantage in the market, the companies are focused on their alliances, technology collaborations, and product launch strategies.

Some of the recent developments of key Renewable Chemical providers are as follows:

In July 2020, Praj Industries introduced a new Bio-Prism portfolio that produces renewable chemicals and materials. The portfolio of Praj Industry already includes Bio-Industrial products. This new addition to the existing portfolio will further help in optimizing its revenue.
In April 2021, Du Pont announced that they will focus more on sustainability and try to reduce carbon footprint and improve operations, thereby generating lesser waste and higher energy efficiency.

In October 2021, Mitsubishi Chemical Holdings, established in Japan, seeks to invest US$ 875 Mn by 2030. The funding will be mainly utilized to install solar energy and construct a plastic business that recycles used vegetable oils. By 2050, the corporation aspires to achieve a net-zero in greenhouse gas emissions.

In September 2021, around 49.5% of the Vattenfall wind farm, Holland Kust Zuid was purchased by BASF SE. The wind farm has already started construction in July 2021 in the Dutch North Sea. This subsidy-free offshore wind farm is scheduled to begin its operation in 2023. This is BASF's first huge investment in the field of renewable energy.
In November 2021, Lummus Technology has signed an MoU with Braskem Netherlands B.V., which is a subsidiary of Braskem, the world's largest biopolymer manufacturer.

The MOU is targeted to the license of Braskem's green ethylene technology for two of the ethanol to ethylene conversion projects in development in Asia and North America, indicating that the technology has a worldwide audience.
Similarly, recent developments related to companies' Renewable Chemicals services have been tracked by the team at Fact.MR, which are available in the full report.

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Report Benefits & Key Questions Answered

Renewable Chemicals Company & brand share analysis: The report offers brand-share analysis on Renewable Chemicals to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.

Renewable Chemicals Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.

Renewable Chemicals Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.

Renewable Chemicals Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
Renewable Chemicals Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.

Post COVID consumer spending on Renewable Chemicals: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Renewable Chemicals

More Valuable Insights on Renewable Chemicals

Fact.MR, in its new report, offers an unbiased Market Analysis of Renewable Chemicals, Sales and Demand of Renewable Chemicals, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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