Press release
Bio-Renewable Chemicals Companies Analysis and Developments by 2031
AMR
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Market Drivers, Restraints, and Opportunities
Drivers:
- Technological advancements and innovations in renewable energy.
- Economic improvements in bio-renewables.
- Growing environmental concerns driving demand for sustainable chemical alternatives.
Restraints:
High processing costs and complex manufacturing technologies continue to pose challenges, impacting product affordability and large-scale adoption.
Opportunities:
Rising consumer preference for eco-friendly products is opening new revenue streams for market players, especially in personal care, packaging, and industrial applications.
Segment Highlights:-
By Type:
- Glycerol accounted for nearly 50% of the market share in 2021 and is expected to remain dominant through 2031. Its widespread use in personal care and cosmetic formulations-thanks to its properties as a humectant, fragrance agent, and hair conditioning component-drives growth.
- Succinic Acid is forecast to grow at the fastest CAGR of 12.0%. As an eco-friendly intermediate, it's increasingly used in manufacturing solvents, lacquers, dyes, plasticizers, and more.
By Application:
The chemical industry segment held the largest market share around one-third in 2021-and is projected to exhibit the highest CAGR of 12.0%. Demand is spurred by rising populations and the expanding need for sustainable consumer goods across developing and developed economies.
Regional Insights:
Asia-Pacific emerged as the dominant region in 2021, accounting for over one-third of the global revenue. It is also anticipated to record the fastest CAGR of 12.2% through 2031, driven by rapid developments in packaging, textiles, cosmetics, and other end-user industries.
Key Market Players:-
Prominent players shaping the market landscape include:
- Vizag Chemical
- Solvay
- BASF SE
- Amyris
- Unilever PLC
- Elevance Health
- ZeaChem
- Cargill
- Gevo, Inc.
- DuPont de Nemours, Inc.
These companies are pursuing strategies such as expansions, new product development, and strategic partnerships to enhance market presence and capitalize on emerging opportunities in the bio-renewable space.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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