Share
Global Bio-Renewable Chemicals Market - By Product Type [Alcohol (Ethanol Methanol), Organic Acids (Succinic, Lactic), Bio-polymers (Starch Blends, Regenerated Cellulose, PBS, Bio-PET, PLA, PHA), Glycerin, and Others (Bio-based, 3-PDO, ECH and 4-BDO)]; By Applications(Transportation, Textiles, Food Safety, Environment, Communication, Housing, Recreation, Health & Hygiene, Bio-Medical, Agriculture, and Others); By End-Users (Industrial & Domestic Cleaners, Paints & Coatings, Pharmaceuticals, and Personal Care Products); and Region (North America, Latin America, Europe, and APAC) - Analysis of Market Size, Share & Trends for 2016-2019 and Forecasts to 2030
[170+ Pages Research Report] Bio-Renewable Chemicals Market to surpass USD 139.4 billion by 2030 from USD 55.4 billion in 2021 at a CAGR of 10.80% throughout the forecast period 2021-30.
Renewable chemicals, usually known as bio-based chemicals, are obtained from numerous renewable sources such as organic waste products, agricultural leftovers, agricultural feedstock, micro-organisms, and bio-mass. The bio-renewable chemical is a notion of “green chemistry”, which uses a natural renewable source of power to generate specific chemicals. These days, firms and governments around the world are stressing ecologically pleasant dealing. In addition to that, the shortage of non-renewable reserves also appeals to shareholders in the bio-renewable chemicals market. A rise in demand for fossil fuels leads to rising in the price of fuel-related goods and so, to reduce this dependence, the demand for bio-renewable chemicals is rising. The global market for bio-renewable chemicals is hindered due to the absence or shortage of raw materials used in the manufacturing of renewable chemicals.
The global bio-renewable chemicals market is anticipated to exceed USD 139.4 billion by 2030 from USD 55.4 billion in 2019 at a CAGR of about 10.80% during the forecast period, i.e. 2020-2030. The global bio-renewable chemicals market is expected to grow based on the rising demand for alcohol (ethanol and methanol), green wrapping supplies, and consumer product packing materials. For every chemical, there are limited players in the market and they do not create any threat to each other. The demand for these commodities is high with roughly all production capacities being disbursed. The market is at an emerging stage and the firms are yet to stabilize their production. Thus the level of competition in the market is low.
Evolving technological innovations, an inclination of the population towards environment-friendly products, and supportive government policies are driving the growth of the renewable chemicals market. Plentiful raw materials, cheap labor costs, and rising demand for renewable chemicals in India and China are expected to boost the growth of the market for renewable chemicals. Rapid urbanization and industrialization in evolving markets of Asia Pacific (APAC) are further anticipated to boost the demand for renewable chemicals throughout the end-use productions.
Ethanol segment to surge with the highest CAGR of XX% during 2020-2030
The global bio-renewable chemicals market is segmented by product type into alcohol (ethanol and methanol), organic acids (succinic acid, lactic acid), bio-polymers (starch blends, regenerated cellulose, PBS, bio-PET, PLA, PHA), glycerin, and others (bio-based, 3-PDO, ECH and 4-BDO). Among these, glycerin was the largest segment holding XX% of the total market share in 2019, and is expected to display a similar trend in the coming years. Glycerin is mostly used in the manufacture of bio-polymers, biofuels, and other chemical products. Lactic acid is likely to be the next leading product segment throughout the forecast period. Anthocyanin is the most preferred product in the food & beverages industries because it displays good heat, ph.
A bio-plastic segment to grow with the highest CAGR of xx% during 2020-2030
The global bio-renewable chemicals market is segmented by applications into transportation, textiles, food safety, environment, communication, housing, recreation, health & hygiene, bio-medical, agriculture, and others. Among these, bio-plastic shall generate maximum revenue during the forecast period. The rising demand for ecological packing around the globe is likely to boost its growth. Besides, the strict policies mainly in the U.S and Europe concerning the use of sustainable wrapping are likely to surge the demand for bioplastics.
An industrial segment to grow with the fastest CAGR of XX% during 2020-2030
The global bio-renewable chemicals market is segmented by end-users into industrial and domestic cleaners, paints and coatings, pharmaceuticals, and personal care products. Among these, the industrial segment is estimated to hold the maximum number of shares of xx% in 2019. Bio-chemicals are used in these industries for applications such as bio-plastics, bio-cleaners, and detergents. Bio-plastics are mainly utilized in packaging as they emit fewer greenhouse gases (GHGs). Thus, the demand for bioplastics is on a surge.
The surge in End-user Demand Augmenting Growth
Emerging technological innovations, people’s inclination towards eco-friendly goods, and supportive government policies are driving growth in the demand for renewable chemicals. In addition, rising demand for ethanol & methanol, green packaging materials, and consumer goods packaging materials is expected to boost market growth during the forecast period.
High Cost for Commercialization
The market for renewable chemicals is very niche, with few players in the global market. It is expected that rising consumer awareness of the environment will increase the adoption of green and eco-friendly chemicals. To meet the growing demand for renewable chemicals, pilot projects need to be commercialized and players need to make significant investments in research and development to upgrade the ongoing production technology and develop new products. While the market offers highly lucrative growth opportunities, high capital investment in the production of renewable chemicals compared to other conventional chemicals and polymers is expected to be a key challenge for market growth.
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Developments
Regional Presence
SWOT Analysis
North America is projected to be the fastest-growing region from 2020-to 2030
Bio-renewable chemicals market is segmented by region into North America, Latin America, Europe, and APAC. North America is considered to be the fastest-growing and the largest region in terms of producing and consuming bio-renewable chemicals, respectively, due to the rise in government initiatives on consuming renewable chemicals. Several countries in Europe and the Middle East are also emphasizing environmental issues and the enactment of related ecological guidelines on chemical production.
The global bio-renewable chemicals market is further classified by region into:
Bio-renewable Chemicals Market Segments
By Product Type
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
