Renewable Chemicals Market to Exhibit a Remarkable CAGR of 19.11% by 2030, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the global renewable chemicals market, which was USD 17.50 billion in 2022, is expected to reach USD 70.89 billion by 2030, growing at a CAGR of 19.11% from 2023 to 2030. "Alcohols" segment is dominating due to the scarcity of non-renewable resources, and the erratic price of crude oil has raised the demand for bio-alcohols, including bioethanol, biobutanol, and biomethanol. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Renewable chemicals, also known as "bio-based chemicals," are those derived from renewable resources such as agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Renewable chemicals have emerged as potential substitutes for petroleum-based chemicals due to their lower carbon constituent and environmentally friendly characteristics. Some of the most promising biopolymers are polylactic acid (PLA) and polyhydroxyalkanoates, which can be produced from nontoxic renewable feedstock.

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Some of the major players operating in the global renewable chemicals market are BASF SE (Germany), Mitsubishi Chemical Holdings Corporation (Japan), DAIKIN (Japan), 3M (U.S.), Braskem (Brazil), Corbion N.V. (Netherlands), NatureWorks LLC (U.S.), Amyris (U.S.), OCI N.V. (Netherlands), Solvay (Belgium), DSM (Netherlands), Genomatica Inc., (U.S.), Cobalt Technology, LLC. (U.S.), Elevance (U.S.), Evonik Industries AG (Germany), DuPont (U.S.), Novamont S.p.A. (Italy), Novozymes (Denmark), AVERY DENNISON CORPORATION (U.S.), Mitsui Chemicals Inc. (Japan)

Global Renewable Chemicals Market Scope

The global renewable chemicals market is segmented based on product type, feedstock, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
Alcohols, Ethanol
Methanol
Biopolymers
Polyhydroxy Alkanoates (PHA)
Starch Blends
Polylactic Acid (PLA)
Regenerated Cellulose
PBS
Bio-PET
Bio-PE
Platform Chemicals
Organic Acids
Feedstock
Corn
Sugarcane
Biomass
Algae
Others
Application
Agriculture
Textiles
Environment
Transportation
Food and Beverage Packaging
Communication
Bio-Medical
Other

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