openPR Logo
Press release

Renewable Chemicals Market to Expand with Significant CAGR by 2020

Renewable Chemicals Market to Expand with Significant CAGR

Renewable chemicals or bio-based chemicals comprises variety of chemicals which are obtain from renewable sources such as agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms.

Renewable chemicals are considered as sustainable source of carbon as it offer fewer carbon footprints in comparison to conventional petro-based chemicals. Some of the most commonly found renewable chemicals include polymeric (lignin, hemicellulose, cellulose, starch, protein) and monomeric (carbohydrates, oils, plant extractives, amino acids) components. These chemicals are use widely as a direct substitution for conventional petro-chemicals.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/3118

On the basis of chemical properties of renewable chemicals, it can be segmented into five different variant namely, alcohols (such as methanol and ethanol), polymers (such as polylactic acid or PLA, bio based polyethylene and polyhydroxyalkanoates or PHA), organic acid (such as formic acid, acetic acid, and glycolic acid), ketones (such as acetone and methyl ethyl ketone) and others (such as 1, 4-butanediol, 1, 3-propanediol, and Bio-BDO). Alcohol grasped the largest market share in 2013; whereas polymer segment has exhibited the highest growth rate over the past few years. Moreover, growing demand of green packaging materials from food and beverages and consumer goods packaging is expected to boost the polymer market in upcoming years.

On the basis of end user application the global renewable energy can be broadly characterize as industrial, transportation, food and beverages packaging, consumer goods packaging, bio-medicals, fertilizers, agriculture, textiles, environment, housing, recreation, and health and hygiene.

Global trend towards oil independency, increasing awareness towards reduction of carbon foot prints in order to cope with situation such as landfills and global warming, and increasing consumer preferences towards green and natural product is driving the market for renewable chemicals. Moreover limiting petroleum resources, political instability of major oil producing countries and continuous fluctuation in price of petroleum product has helped in overall popularity and acceptance of renewable chemicals around the globe.

Renewal chemicals include about one percent of the global chemicals market. The rising concern of policymakers over food security and deforestation has emerged as one of the major challenge for the diversification of the renewable global chemical market

To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/toc/3118

Europe was the largest market for renewable chemical in 2013 closely followed by Asia Pacific and North America. Asia Pacific market for renewable chemicals is growing in double digit and is expected to take over Europe in terms of market share during the forecasted period. Easy and cheap availability of raw materials, cheap labor and increasing demand of renewable chemicals from growing countries such as China, Japan and India are some major factors propelling the market for renewable chemicals in Asia Pacific.

Major companies operating in global renewable chemicals market include, Archer-Daniels-Midland Company (ADM), Amyris Inc., BASF SE, Bioamber Inc., Biomethanol Chemie Nederland B.V., Braskem, Cargill Inc., DSM, E. I. DU Pont DE Nemours & Company, Evonik Industries AG, Genomatica Inc., Metabolix, Inc., Myriant Corporation, Natureworks LLC, Novozymes A/S, OPX Biotechnologies, Solazyme Inc., Solvay, The Dow Chemical Company and Verenium Corp.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Renewable Chemicals Market to Expand with Significant CAGR by 2020 here

News-ID: 771105 • Views:

More Releases from Persistence Market Research

Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview: The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period. Market Size and Growth: The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and
The Global Graphene Market's Striking Growth and Innovative Applications
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities. Get Access To
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analysis, Emerging Trends with Upcoming Developments
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview: The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033. The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation and Industry Size
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products. To obtain the latest market

All 5 Releases


More Releases for Renewable

Increasing Availability of Renewable Methanol Essential for the Global Renewable …
According to a new market research report launched by Inkwood Research, the Global Renewable Methanol Market is progressing with a CAGR of 3.82% in terms of revenue and 2.55% in terms of volume from 2022 to 2030 and is set to generate a revenue of $4119.94 million by 2030. Browse 64 Market Data Tables and 44 Figures spread over 229 Pages, along with an in-depth analysis of the Global Renewable Methanol
Global Renewable Chemicals Market | Global Renewable Chemicals Market: Ken Resea …
Renewable chemicals, also well-known as bio-based chemicals are generated from natural and bio-based raw materials. They are attained from the agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Renewable chemicals have appeared as potential substitutes for petroleum-based chemicals as they propose fewer carbon footprints and are eco-friendly. Some of the commonly utilized renewable chemicals comprise polymeric (lignin, hemicellulose, cellulose, starch, protein) and monomeric (carbohydrates, oils, plant extractives,
Renewable Energy Market Comprehensive Study by Leading Key Players: AREVA Renewa …
HTF MI recently introduced Global Renewable Energy Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are EnBW, Duke Energy, Southern Company, Exelon Corporation, Hawaiian Electric, RWE Group,
Remote Renewable Management Systems Market - Rising Adoption of Renewable Energy …
Nations that have ratified the Paris Agreement are increasingly investing in renewable sources of energy to serve power, transportation, and other industrial sectors. The rapidly growing renewable energy portfolio of these countries need to be managed using state-of-the-art management system for the efficient and effective use of these resources. The vital aspects of monitoring the performance of these systems are discussed in a report featured on Researchmoz.us. The title of
Renewable Chemicals Market: Global Renewable Chemicals Share to Hit $102.76 Bn b …
Zion Market Research has published a new report titled “Renewable Chemicals Market (Ketones, Biopolymers, Alcohols, Organic Acids, Platform Chemicals and Others) for Agriculture, Textiles, Housing, Environment, Transportation, Food & Beverage Packaging, Communication, Bio-Medical and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, global renewable chemicals market was valued at over USD 49.22 billion in 2016, is expected to reach above USD
The Renewable Energy Centre applauds feasibility study for Irish and Scottish Re …
Plans announced yesterday for a study into the feasibility of wind and wave farms off the coast of Northern Ireland and Scotland were heralded as a positive step forward by The Renewable Energy Centre .co.uk Costing 1.6 million and funded mainly by Inter-Reg, an EU (European Union) funded programme, the study will begin later this year. The west coast of Scotland and the North and North East coast of Ireland have