Bio-Renewable Chemicals Market Trends, Share, Forecast, 2030

Bio-Renewable Chemicals Market Size

[170+ Pages Research Report] 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.

Market Highlights

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.

Global Bio-renewable Chemicals Market Opportunity Analysis

Global Bio-renewable Chemicals Market: Segments

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.

By Product Type (in %), Global Bio-renewable Chemicals Market, 2019

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.

By Application Type (in %), Global Bio-renewable Chemicals Market, 2019

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.

By End-Users Type (in %), Global Bio-renewable Chemicals Market, 2019

Global Bio-Renewable Chemicals Market: Drivers and Restraints

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.

Global Bio-renewable Chemicals Market: Key Players

Evonik Industries
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Developments
- Regional Presence
- SWOT Analysis
Solazyme
Myriant
Elevance Renewable Sciences
Du Point Biosciences (Genencor)
Lanza Tech
Amyris
Zea Chem
Gevo
BASF

Global Bio-Renewable Chemicals Market: Regions

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.

By Region Type (in %), Global Bio-renewable Chemicals Market, 2019

The global bio-renewable chemicals market is further classified by region into:

North America Market Size, Shares, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Shares, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Shares, Trends, Opportunities, Y-o-Y Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Shares, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and the Rest of APAC

The global bio-renewable chemicals market report also presents an analysis on:

Bio-renewable Chemicals Market Segments

By Product Type
- Alcohol
  - Ethanol
  - Methanol
- Organic Acids
  - Succinic
  - Lactic
- Bio-polymers
  - Starch Blends
  - Regenerated Cellulose
  - PBS
  - Bio-PET
  - PLA
  - PHA
- Glycerin
- Others
  - Bio-based
  - 3-PDO
  - ECH
  - 4-BDO
By Applications
- Transportation
- Textiles
- Food safety
- Environment
- Communication
- Housing
- Recreation
- Health & Hygiene
- Bio-Medical
- Agriculture
- Other Applications
By End-users
- Industrial & Domestic Cleaners
- Paints & Coatings
- Pharmaceuticals
- Personal Care Products
By Region
- North America
- Latin America
- Europe
- APAC
Bio-renewable Chemicals Market Dynamics
Bio-renewable Chemicals Market Size
Demand & Supply
Current Trends/Issues/Challenges
Competition and Companies involved in the Market
Value Chain of the Market
Market Drivers and Restraints

Bio-Renewable Chemicals Market Scope and Segmentation

Report Attribute	Details
Market Size Value in 2020	USD 55.4 Billion
Revenue Forecast in 2030	USD 139.4 Billion
Growth Rate (CAGR 2021–2030)	10.80%
Base Year for Estimation	2021
Quantitative Units	Revenue in USD Billion and CAGR from 2021 to 2030
Report Coverage	Market Size, Share, Trends, Growth Drivers, Challenges, Competitive Landscape, and Regional Outlook
Segments Covered	By Product Type (Alcohols, Organic Acids, Bio-Polymers, Glycerin, Others), By Application, By End-User, By Region
Regional Scope	North America, Europe, Asia Pacific (APAC), Latin America, Middle East & Africa
Key Companies Profiled	Evonik Industries, Solazyme, Myriant, Elevance Renewable Sciences, DuPont Biosciences (Genencor), LanzaTech, Amyris, ZeaChem, Gevo, BASF

Frequently Asked Questions (FAQ):

The Bio-Renewable Chemicals Market size was valued at USD 55.4 billion in 2021 and is projected to reach USD 139.4 billion by 2030, growing at a CAGR of 10.80% during 2021–2030. The growth is driven by rising demand for eco-friendly products and sustainable chemical production.

Bio-renewable chemicals are eco-friendly chemicals derived from renewable sources such as agricultural residues, organic waste, and biomass. They help reduce environmental impact, lower carbon emissions, and provide sustainable alternatives to fossil-based chemicals.

The market faces challenges such as high commercialization costs, limited availability of raw materials, and intensive R&D requirements for scaling production. However, increasing environmental awareness is helping overcome these barriers.

The Ethanol and Glycerin segments dominate the market due to their extensive use in biofuels, bioplastics, and personal care products. Additionally, bioplastics are expected to grow at the highest CAGR owing to increasing global demand for sustainable packaging.

Bio-renewable chemicals are used across multiple industries including transportation, agriculture, healthcare, textiles, and packaging. The bio-plastic application segment is anticipated to generate maximum revenue during the forecast period.