Renewable Chemicals Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Renewable Chemicals Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The renewable chemicals market size has grown rapidly in recent years. It will grow from $105.48 billion in 2023 to $118.42 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to growing environmental concerns, rise in consumer demand for sustainable products, volatility in petrochemical prices, government support and incentives, increased corporate sustainability initiatives, consumer awareness and education..

The renewable chemicals market size is expected to see rapid growth in the next few years. It will grow to $192.74 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to emergence of bio-based aviation fuels, wider adoption of renewable solvent, increasing investments in renewable chemical projects, focus on sustainable agriculture practices, development of advanced bio-based materials.. Major trends in the forecast period include shift towards bio-based feedstocks, biofuel co-production, advanced bioconversion technologies, expansion of renewable platform chemicals, collaborations and partnerships, market expansion in asia-pacific, emergence of renewable lubricants and additives..

Request for free sample report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7906&type=smp

Key Market Players:

Major companies operating in the renewable chemicals market report are Archer-Daniels-Midland Company, Amyris Inc., BASF SE, Bioamber Inc., Biomethanol Chemie Nederland BV, Corbion NV, Metabolix Inc., Genomatica Inc., NatureWorks LLC, Novozymes A/S, Evonik Industries AG, Cargill Inc., Myriant Corporation, Mitsubishi Chemical Corporation, Koninklijke DSM NV, Cobalt Technologies Ltd., Solazyme Inc., Elevance Renewable Sciences Inc., Gevo Inc., Avantium Technologies BV, Virent Inc., Anellotech Inc., Verdezyne Inc., Rennovia Inc., Terravia Holdings Inc., American Process Inc., Clariant AG, Global Bioenergies SA, Kiverdi Inc., LanzaTech Inc.

Market Drivers:

Increasing demand from the automotive industry is expected to propel the growth of the renewable chemicals market. The production of automobiles utilizes biopolymers from renewable sources engineered for automotive applications. For instance, according to May 2022 data from the Society of Indian Automobile Manufacturers (SIAM), an India-based non-profit organization representing automobile manufacturers, the production of automobiles has increased in the last two years, with total production increasing from 22,655,609 units in 2020-21 to 22,933,230 units in 2021-22. According to a May 2022 report by the China Association of Automobile Manufacturers, a China-based non-profit social organization, automobile sales in China grew to 27.5 million in 2022, up 5.4%. Therefore, the increase in demand from the automobile industry is driving the growth of the renewable chemicals market.

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/renewable-chemicals-global-market-report

The renewable chemicals market covered in this report is segmented -

1) By Product Type: Ethanol, Biopolymers, Platform Chemicals, Other Product Types
2) By Feedstocks: Biomass, Corn, Sugarcane, Algae, Other Feedstocks
3) By End-Use: Automotive, Medical, Food And Beverages, Petrochemicals, Textiles, Agriculture, Other End-Uses

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.