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Renewable Chemicals Market

2021

Chemicals and Materials Renewable Chemicals Market Forecast...

Renewable Chemicals Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Alcohols, Organic Acids, Ketones, Platform Chemicals, Biopolymers and Others) and Application (Food and Beverages, Agriculture, Textiles, Transportation, Chemical Intermediates, Packaging, Bio-Medical & Pharmaceuticals, and Others)

Publication Month: Jul 2021 | Report Code: TIPRE00009468 | No. of Pages: 165 | Category: Chemicals and Materials | Status: Published

Market Insights

Renewable Chemicals Market to Grow at a CAGR of 11.9% to reach US$ 1,76,750.76 Mn Million from 2021 to 2028

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The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028.

Renewable chemicals or bio-based chemicals are defined as those categories of chemicals, which are synthesized from renewable sources such as agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Renewable chemicals are categorized as sustainable and environment-friendly chemicals which emits fewer carbon footprints as compared to traditional petro-based chemicals. Some of the most widely available renewable chemicals are lignin, carbohydrates, oils, plant extractives, hemicellulose, cellulose, starch, protein, and others. Such chemicals find application in diverse application bases such as food and beverage, agriculture, textiles, automotive, packaging and others.

In 2021, North America contributed to the largest share in the global renewable chemicals market. The dominance of the renewable chemicals market in this region is primarily attributable to the presence of strong industrial base with prominent manufactures significantly contributing to market growth. High demand of renewable chemicals from applications such as food & beverages, agriculture, textiles, transportation, packaging, and other industries backed by significant growth in end-use industrial bases is stimulating the demand for renewable chemicals in regional market. The rise in investment in manufacturing sector along with growing focus over eco-friendly and sustainable solutions, provides lucrative opportunities for the growth of the renewable chemicals market in North America. Further, favorable policies to promote the use of biobased and renewable chemicals over conventional petroleum-based chemicals is further expected to create lucrative growth opportunities in the region.

Impact of COVID-19 Pandemic on Renewable Chemicals Market

The ongoing pandemic has drastically altered the status of the industrial sector and have negatively impacted the growth of the renewable chemicals market. The implementation of measures to combat the spread of the virus has aggravated the situation and have impacted the growth of several industrial sectors. Industries such as food and beverages, agriculture, textiles, transportation, packaging, pharmaceuticals have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. The significant decline in the growth of the several industrial sectors negatively impacted the demand for renewable chemicals in the global market. The disruptions in terms of sourcing of raw materials from suppliers as well as temporarily closures of manufacturing base due to indefinite lockdowns and temporary quarantines have impacted the growth of the market during pandemic period. Nevertheless, as the economies are planning to revive their operations, the demand for renewable chemicals is expected to rise globally. Although the focus over just in time production is another concerning factor hindering market growth. The expanding demand of renewable chemicals across food and beverages, agriculture, textiles, transportation, packaging, pharmaceuticals, and other industries along with significant investment by prominent manufacturers is, expected to drive the growth for renewable chemicals.

Renewable Chemicals Market
Renewable Chemicals Market

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Market Insights

Growing Awareness Regarding Renewable Chemicals Backed by Increasing Environmental Concerns

Renewable sciences have been regarded as one of the effective ways to promote the quality of air, water, and soil and contribute to sustainability by commercializing the use of eco-friendly bio-based chemicals in diverse applications. Eco-friendly sustainable renewable chemicals can be sourced from renewable feedstocks such as biomass, agricultural residues or feedstock, and microorganisms with the help of green chemistry synthesis or biorefineries. The governments of several economies have implemented strict regulations related to carbon and greenhouse gas emissions to promote high quality environment. For instance, the European Commission aims to achieve 80% reduction in the carbon emission by 2050 by phasing out ~ 81Mt of carbon dioxide to be used in clinker production. Regulatory bodies, such as REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals), EPA (Environmental Protection Agency), and European Commission impose strict environment regulations on the production and disposal of petrochemicals. Also, the growing focus of European Union on the establishment of ‘Green Economy’ coupled with its ’20-20-20’ initiative is phasing out the demand for petrochemicals. The reduction in petroleum resources along with political instability in the leading oil producing nations and volatility in the price of petroleum product increase preference for renewable chemicals. Global warming and climate change are creating demand for healthy, green, and clean products. Additionally, the circular economy is creating over US$5.6 trillion worth of novel opportunities for the development of eco-friendly technologies including the technology associated with renewable chemicals. Such collaborative efforts, regulations, and initiatives drive the growth of the renewable chemicals market.

Product Insights

Based on product, the renewable chemicals market is categorized into alcohols, organic acids, ketones, platform chemicals, biopolymers, and others. Biopolymers segment is expected to be the fastest growing segment in the global renewable chemicals market during the forecast period. The expanding demand for green packaging materials coupled with the increasing use of biopolymers in automotive industry is projected to drive the growth of the biopolymers in renewable chemicals market. Biopolymers includes polynucleotides (DNA, RNA), cellulose, chitosan, chitin, starch, proteins, polyesters, pectin, collagen, gelatin, and gluten, among others. They are an innovative and promising alternative to reduce greenhouse gas and toxic emissions, and the use of non-renewable resources. The rising focus toward environment-friendly and sustainable materials is expected to promote the demand for biopolymers.

Renewable Chemicals Market, by Product– 2021 and 2028
Renewable Chemicals Market, by Product– 2021 and 2028

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Application Insights

Based on application, the renewable chemicals market is categorized into food and beverages, agriculture, textiles, transportation, chemical intermediates, packaging, bio-medical & pharmaceuticals and others. In 2021, the transportation segment is dominating the Renewable chemicals market. The biomass, wood chips, crop residues etc. are converted to renewable transportation fuels. The various types of bio-based alcohols like bio-butanol, bioethanol, and bio-methanol are used as fuel in jets. Bioethanol is the most widely used source of energy for transportation. The use of bioethanol is projected to increase significantly in coming years and remain high. This shift toward more bio-ethanol usage will provide more opportunities in future. Methane is another renewable chemical used as transportation fuel and is the major component of compressed natural gas. It is produced from biomass by a biochemical process called anaerobic digestion. Biodiesel is a renewable diesel fuel substitute produced by mixing any natural oil or fat with an alcohol (usually methanol). Different vegetable oils, animal fats, and recycled cooking greases can also be transformed into biodiesel.

Strategic Insights

A few of the major key players operating in the Renewable chemicals market are BASF SE.; Amyris Inc; DSM.; Archer-Daniels-Midland Company (ADM); and The Dow Chemical Company. These market players are highly focusing on the development of high quality and innovative product offerings.

Report Spotlights

  • Progressive industry trends in the renewable chemicals market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the renewable chemicals market from 2019 to 2028
  • Estimation of global demand for renewable chemicals
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the renewable chemicals market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • Detailed overview and segmentation of the market, as well as the renewable chemicals industry dynamics
  • Size of the renewable chemicals market in various regions with promising growth opportunities

Renewable Chemicals Market, by Product

  • Alcohols
  • Organic Acids
  • Ketones
  • Platform Chemicals
  • Biopolymers
  • Others

Renewable Chemicals Market, by Application

  • Food and Beverages
  • Agriculture
  • Textiles
  • Transportation
  • Chemical Intermediates
  • Packaging
  • Bio-Medical & Pharmaceuticals
  • Others

Company Profiles

  • Archer-Daniels-Midland Company (ADM)
  • Cargill Inc
  • DSM
  • BASF SE
  • Amyris Inc
  • Evonik Industries AG
  • Solvay
  • The Dow Chemical Company
  • Genomatica, Inc
  • Braskem

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Renewable Chemicals Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of Substitutes

4.2.4 Threat of New Entrants

4.2.5 Intensity of Competitive Rivalry

4.1 Ecosystem Analysis

4.2 Expert Opinions

5. Renewable Chemicals Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Awareness Regarding Renewable Chemicals Backed by Increasing Environmental Concerns

5.1.2 Expanding Application Base Across Diverse End-Use Sectors

5.2 Market Restraints

5.2.1 Complex and Costly Manufacturing Process

5.3 Market Opportunities

5.3.1 Rising Adoption of Bio-Based Platform Chemicals

5.4 Future Trends

5.4.1 Significant Focus on Research and Development Activities to Expand Market

5.5 Impact Analysis of Drivers and Restraints

6. Renewable Chemicals – Global Market Analysis

6.1 Renewable Chemicals Market Overview

6.2 Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning – Global Market Players

7. Renewable Chemicals Market Analysis – By Product

7.1 Overview

7.2 Renewable Chemicals Market Breakdown, By Product, 2020 and 2028

7.3 Alcohols

7.3.1 Overview

7.3.2 Alcohols: Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.3.3 Alcohols: Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.4 Organic Acids

7.4.1 Overview

7.4.2 Organic Acids: Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.4.3 Organic Acids : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.5 Ketones

7.5.1 Overview

7.5.2 Ketones : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.5.3 Ketones : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.6 Platform Chemicals

7.6.1 Overview

7.6.2 Platform Chemicals : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.6.3 Platform Chemicals : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.7 Biopolymers

7.7.1 Overview

7.7.2 Biopolymers : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.7.3 Biopolymers : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.8 Others

7.8.1 Overview

7.8.2 Others : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

7.8.3 Others : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)

8. Global Renewable Chemicals Market Analysis – By Application

8.1 Overview

8.2 Global Renewable Chemicals Market Breakdown, by Application, 2020 & 2028

8.3 Food and Beverage

8.3.1 Overview

8.3.2 Food and Beverage: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Agriculture

8.4.1 Overview

8.4.2 Agriculture: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Textiles

8.5.1 Overview

8.5.2 Textiles: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Transportation

8.6.1 Overview

8.6.2 Transportation: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Chemical Intermediates

8.7.1 Overview

8.7.2 Chemical Intermediates: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.8 Packaging

8.8.1 Overview

8.8.2 Packaging: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.9 Bio-Medical and Pharmaceuticals

8.9.1 Overview

8.9.2 Bio-Medical and Pharmaceuticals: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.10 Others

8.10.1 Overview

8.10.2 Others: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

9. Renewable Chemicals Market – Geographic Analysis

9.1 Overview

9.2 North America: Renewable Chemicals Market

9.2.1 North America: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: Renewable Chemicals Market, by Product

9.2.3 North America: Renewable Chemicals Market, by Application

9.2.4 North America: Renewable Chemicals Market, by Key Country

9.2.4.1 US: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Renewable Chemicals Market, by Product

9.2.4.1.2 US: Renewable Chemicals Market, by Application

9.2.4.2 Canada: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: Renewable Chemicals Market, by Product

9.2.4.2.2 Canada: Renewable Chemicals Market, by Application

9.2.4.3 Mexico: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico: Renewable Chemicals Market, by Product

9.2.4.3.2 Mexico: Renewable Chemicals Market, by Application

9.3 Europe: Renewable Chemicals Market

9.3.1 Europe: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

9.3.2 Europe: Renewable Chemicals Market, by Product

9.3.3 Europe: Renewable Chemicals Market, by Application

9.3.4 Europe: Renewable Chemicals Market, by Key Country

9.3.4.1 Germany: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: Renewable Chemicals Market, by Product

9.3.4.1.2 Germany: Renewable Chemicals Market, by Application

9.3.4.2 France: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: Renewable Chemicals Market, by Product

9.3.4.2.2 France: Renewable Chemicals Market, by Application

9.3.4.3 Italy: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Italy: Renewable Chemicals Market, by Product

9.3.4.3.2 Italy: Renewable Chemicals Market, by Application

9.3.4.3.3 UK: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.4 UK: Renewable Chemicals Market, by Product

9.3.4.3.5 UK: Renewable Chemicals Market, by Application

9.3.4.3.6 Russia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.7 Russia: Renewable Chemicals Market, by Product

9.3.4.3.8 Russia: Renewable Chemicals Market, by Application

9.3.4.3.9 Rest of Europe: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.10 Rest of Europe: Renewable Chemicals Market, by Product

9.3.4.3.11 Rest of Europe: Renewable Chemicals Market, by Application

9.4 Asia Pacific: Renewable Chemicals Market

9.4.1 Asia Pacific: Renewable Chemicals Market –Revenue and Forecast to 2028(US$ Mn)

9.4.2 Asia Pacific: Renewable Chemicals Market, by Product

9.4.3 Asia Pacific: Renewable Chemicals Market, by Application

9.4.4 Asia Pacific: Renewable Chemicals Market, by Key Country

9.4.4.1 Australia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.1.1 Australia: Renewable Chemicals Market, by Product

9.4.4.1.2 Australia: Renewable Chemicals Market, by Application

9.4.4.2 China: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.2.1 China: Renewable Chemicals Market, by Product

9.4.4.2.2 China: Renewable Chemicals Market, by Application

9.4.4.3 India: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.3.1 India: Renewable Chemicals Market, by Product

9.4.4.3.2 India: Renewable Chemicals Market, by Application

9.4.4.4 Japan: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.4.1 Japan: Renewable Chemicals Market, by Product

9.4.4.4.2 Japan: Renewable Chemicals Market, by Application

9.4.4.5 South Korea: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.5.1 South Korea: Renewable Chemicals Market, by Product

9.4.4.5.2 South Korea: Renewable Chemicals Market, by Application

9.4.4.6 Rest of Asia Pacific: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.6.1 Rest of Asia Pacific: Renewable Chemicals Market, by Product

9.4.4.6.2 Rest of Asia Pacific: Renewable Chemicals Market, by Application

9.5 Middle East and Africa: Renewable Chemical Market

9.5.1 Middle East and Africa: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.5.2 Middle East and Africa: Renewable Chemicals Market, by Product

9.5.3 Middle East and Africa: Renewable Chemicals Market, by Application

9.5.4 Middle East and Africa: Renewable Chemicals Market, by Key Country

9.5.4.1 South Africa: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Renewable Chemicals Market, by Product

9.5.4.1.2 South Africa: Renewable Chemicals Market, by Application

9.5.4.2 Saudi Arabia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Saudi Arabia: Renewable Chemicals Market, by Product

9.5.4.2.2 Saudi Arabia: Renewable Chemicals Market, by Application

9.5.4.3 UAE: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1 UAE: Renewable Chemicals Market, by Product

9.5.4.3.2 UAE: Renewable Chemicals Market, by Application

9.5.4.4 Rest of MEA: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of MEA: Renewable Chemicals Market, by Product

9.5.4.4.2 Rest of MEA: Renewable Chemicals Market, by Application

9.6 South America: Renewable Chemicals Market

9.6.1 South America: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.6.2 South America: Renewable Chemicals Market, by Product

9.6.3 South America: Renewable Chemicals Market, by Application

9.6.4 South America: Renewable Chemicals Market, by Key Country

9.6.5 Brazil: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.6.5.1.1 Brazil: Renewable Chemicals Market, by Product

9.6.5.1.2 Brazil: Renewable Chemicals Market, by Application

9.6.6 Argentina: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.6.6.1.1 Argentina: Renewable Chemicals Market, by Product

9.6.6.1.2 Argentina: Renewable Chemicals Market, by Application

9.6.7 Rest of South America: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.6.7.1.1 Rest of South America: Renewable Chemicals Market, by Product

9.6.7.1.2 Rest of South America: Renewable Chemicals Market, by Application

10. Overview- Impact of COVID-19

10.1 Impact of COVID-19 on Renewable Chemicals Market

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.6 South and Central America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Product & Service Launch

11.2 Partnership

11.3 Merger & Acquisition

11.4 Expansion

11.5 Business Planning and Strategy

11.6 Joint Venture

11.7 Collaboration

11.2 Market Positioning – Renewable Chemicals Market Players

12. Company Profiles

12.1 ARCHER-DANIELS-MIDLAND COMPANY (ADM)

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Cargill, Incorporated.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 DSM

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 BASF SE

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 The Dow Chemical Company

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Braskem S.A.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Evonik

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Solvay

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Amyris Inc.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Genomatica, Inc

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments


LIST OF TABLES

Table 1. Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 3. North America Renewable Chemicals Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 4. US Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 5. US Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 6. Canada: Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 7. Canada Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8. Mexico Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 9. Mexico Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 10. Europe Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 11. Europe Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 12. Germany Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 13. Germany Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 14. France Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 15. France Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 16. Italy Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 17. Italy Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 18. UK Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 19. UK Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 20. Russia Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 21. Russia Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 22. Rest of Europe Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 23. Rest of Europe Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 24. Asia Pacific Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 25. Asia Pacific Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 26. Australia Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 27. Australia Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 28. China Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 29. China Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 30. India Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 31. India Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 32. Japan Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 33. Japan Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 34. South Korea Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 35. South Korea Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 36. Rest of Asia Pacific Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 37. Rest of Asia Pacific Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 38. Middle East and Africa Renewable Chemical Market, by Product Form– Revenue and Forecast to 2028 (USD Million)

Table 39. Middle East and Africa Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 40. South Africa Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 41. South Africa Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 42. Saudi Arabia Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 43. Saudi Arabia Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 44. UAE Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 45. UAE Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 46. Rest of MEA Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 47. Rest of MEA Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 48. South America Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 49. South America Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 50. Brazil Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 51. Brazil Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 52. Argentina Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 53. Argentina Renewable Chemicals Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 54. Rest of South America Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 55. Rest of South America Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

LIST OF FIGURES

Figure 1. Renewable Chemicals Market Segmentation

Figure 2. Renewable Chemicals Market Segmentation – By Geography

Figure 3. Global Renewable Chemicals Market Overview

Figure 4. Biopolymers Segment is Fastest Growing Segment in the Global Renewable Chemicals Market

Figure 5. North America Region Held Largest Share of Global Renewable Chemicals Market

Figure 6. Global Renewable Chemicals Market, Industry Landscape

Figure 7. Porter ‘s Five Forces Analysis for Renewable Chemicals Market

Figure 8. Renewable Chemicals Market– Ecosystem Analysis

Figure 9. Expert Opinion

Figure 10. Renewable Chemicals Market Impact Analysis of Drivers and Restraints

Figure 11. Geographic Overview of Renewable Chemicals Market

Figure 12. Global: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Renewable Chemicals Market Breakdown, By Product, 2020 and 2028 (%)

Figure 14. Global Renewable Chemicals Market Breakdown, by Application, 2020 & 2028

Figure 15. Food and Beverage: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Agriculture: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Textiles: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Transportation: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Chemical Intermediates: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Packaging: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Bio-Medical and Pharmaceuticals: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Others: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Global Renewable Chemicals Market Revenue Share, by Region (2020 and 2028)

Figure 24. North America: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. North America: Renewable Chemicals Market Revenue Share, by Product (2020 and 2028)

Figure 26. North America: Renewable Chemicals Market Revenue Share, by Application (2020 and 2028)

Figure 27. North America: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)

Figure 28. US: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29. Canada: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30. Mexico: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31. Europe: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Europe: Renewable Chemicals Market Revenue Share, by Product (2020 and 2028)

Figure 33. Europe: Renewable Chemicals Market Revenue Share, by Application (2020 and 2028)

Figure 34. Europe: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)

Figure 35. Germany: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 36. France: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 37. Italy: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 38. UK: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 39. Russia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 40. Rest of Europe: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 41. Asia Pacific: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 42. Asia Pacific: Renewable Chemicals Market Revenue Share, by Product (2020 and 2028)

Figure 43. Asia Pacific: Renewable Chemicals Market Revenue Share, by Application (2020 and 2028)

Figure 44. Asia Pacific: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)

Figure 45. Australia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 46. China: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 47. India: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 48. Japan: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 49. South Korea: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 50. Rest of Asia Pacific: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 51. Middle East and Africa: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52. Middle East and Africa: Renewable Chemicals Market Revenue Share, by Product (2020 and 2028)

Figure 53. Middle East and Africa: Renewable Chemicals Market Revenue Share, by Application (2020 and 2028)

Figure 54. Middle East and Africa: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)

Figure 55. South Africa: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 56. Saudi Arabia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 57. UAE: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 58. Rest of MEA: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 59. South America: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. South America: Renewable Chemicals Market Revenue Share, by Product (2020 and 2028)

Figure 61. South America: Renewable Chemicals Market Revenue Share, by Application (2020 and 2028)

Figure 62. South America: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)

Figure 63. Brazil: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 64. Argentina: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 65. Rest of South America: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Figure 66. Impact of COVID-19 Pandemic in North American

Figure 67. Impact of COVID-19 Pandemic in Europe

Figure 68. Impact of COVID-19 Pandemic in Asia Pacific

Figure 69. Impact of COVID-19 Pandemic in Middle East and Africa

Figure 70. Impact of COVID-19 Pandemic in South and Central America

The List of Companies - Renewable Chemicals Market

  1. Archer-Daniels-Midland Company (ADM)
  2. Cargill Inc
  3. DSM
  4. BASF SE.
  5. Amyris Inc.
  6. Evonik Industries AG
  7. Solvay
  8. The Dow Chemical Company.
  9. Genomatica, Inc.
  10. Braskem
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global renewable chemicals market, thereby allowing players to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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Frequently Asked Questions

Among the six segments of product, alcohol segment has led the renewable chemicals market in 2020. Renewable alcohols are produced from a wide range of biomass or biological resources such as crops, farm residues, wood and wood residue, food waste, and solid waste. Renewable alcohols or bio-based alcohols includes biomethanol, bioethanol, biopropanol, biobutanol etc. Due to depleting petroleum reserves and the environmental impact of fossil fuels, the importance of bio-based alcohol fuels is increasing as an alternative solution.

The major players operating in the global renewable chemicals market are Archer-Daniels-Midland Company (ADM).; Cargill Inc.; DSM; BASF SE.; Amyris Inc.; Evonik Industries AG.; Solvay; The Dow Chemical Company.; Genomatica, Inc. and Braskem among many others.

In 2020, North America contributed to the largest share in the global renewable chemicals market. The dominance of the renewable chemicals market in this region is primarily attributable to the presence of strong industrial base with prominent manufactures significantly contributing to market growth. High demand of renewable chemicals from applications such as food and beverages, agriculture, textiles, transportation, packaging and other industries backed by significant growth in end-use industrial bases is stimulating the demand for renewable chemicals in regional market. Furthermore, favorable policies to promote the use of biobased and renewable chemicals over conventional petroleum-based chemicals is further expected to create lucrative growth opportunities in the region.

Among the eight segments of application, transportation segment has led the renewable chemicals market in 2020. The biomass, wood chips, crop residues etc. are converted to renewable transportation fuels. The various types of bio-based alcohols like bio-butanol, bio-ethanol, and bio-methanol are used as fuel in jets. Bio-ethanol is the most widely used source of energy for transportation. The use of bio-ethanol is projected to increase significantly in coming years and remain high. This shift toward more bio-ethanol usage will provide more opportunities in future. Methane is another renewable chemical used as transportation fuel and is the major component of compressed natural gas.

Biopolymers segment is the fastest growing segment in the global renewable chemicals market during the forecasted period. The expanding demand for green packaging materials coupled with the increasing use of biopolymers in automotive industry is projected to drive the growth of the biopolymers in renewable chemicals market. They are an innovative and promising alternative to reduce greenhouse gas and toxic emissions, and the use of non-renewable resources.

Europe is estimated to register the fastest CAGR in the market over the forecast period. The increasing investment by European Union towards the development of the ‘Green Economy’ is expected to contribute to market growth. The European government is actively involved in implementing crucial initiatives to promote the use of renewable chemicals, which is expected to provide impetus to market growth in the region.

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