Renewable Chemicals Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Archer-Daniels-Midland Company, Amyris Inc., BASF SE, Bioamber Inc., Biomethanol Chemie Nederland BV, Corbion NV, Metabolix Inc., Genomatica Inc., NatureW

As per the report, 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 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%.

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Automotive Industry's Rising Demand Fuels Growth In The Renewable Chemicals Market
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.

Product Innovation Drives Advancements In The Renewable Chemicals Market
Product innovation is a key trend gaining popularity in the renewable chemicals market. Major companies operating in the renewable chemicals market are focused on technological advancements to strengthen their position in the market. For instance, in March 2022, Evonik Industries, a Germany-based specialty chemicals company, launched sustainable isophorone products made from 100% renewable acetone. The company offers products with a significantly lower CO2 footprint across all stages. The new products in the VESTA eCO Grades range are designed to be used as sustainable raw materials for paints, lacquers, binders, and interiors in the automobile industry. The development of this innovative product is another step forward in the renewable chemicals market.

The renewable chemicals market covered in this report is segmented -

1) By Product Type: Ethanol, Ket*ones, 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

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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.

Contents of the report:
1. Executive Summary
2. Renewable Chemicals Market Report Structure
3. Renewable Chemicals Market Trends And Strategies
4. Renewable Chemicals Market - Macro Economic Scenario
5. Renewable Chemicals Market Size And Growth
…..
27. Renewable Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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