Global Renewable Chemicals Market Report 2022-2027: Bioplastics and Biopolymers - The Next Step Forward to Plastics Innovation & Sustainability
Global Market for Renewable Chemicals
Dublin, May 19, 2022 (GLOBE NEWSWIRE) -- The "Renewable Chemicals - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Renewable Chemicals Market to Reach US$141.9 Billion by the Year 2027
The global market for Renewable Chemicals estimated at US$68.5 Billion in the year 2020, is projected to reach a revised size of US$141.9 Billion by 2027, growing at a CAGR of 11% over the analysis period 2020-2027.
Ethanol, one of the segments analyzed in the report, is projected to grow at a 10.9% CAGR to reach US$108.2 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ketones segment is readjusted to a revised 9.9% CAGR for the next 7-year period. This segment currently accounts for a 4.1% share of the global Renewable Chemicals market.
The U.S. Accounts for Over 33.2% of Global Market Size in 2020, While China is Forecast to Grow at a 14.7% CAGR for the Period of 2020-2027
The Renewable Chemicals market in the U.S. is estimated at US$22.8 Billion in the year 2020. The country currently accounts for a 33.24% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$12.5 Billion in the year 2027 trailing a CAGR of 14.7% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 10.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR while Rest of European market (as defined in the study) will reach US$12.5 Billion by the year 2027.
Bio Polymers Segment Corners a 2.9% Share in 2020
In the global Bio Polymers segment, USA, Canada, Japan, China and Europe will drive the 12.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$3.6 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.3 Billion by the year 2027, while Latin America will expand at a 11.9% CAGR through the analysis period.
What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to the publisher's digital archives and Research Platform
Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Covid-19 Crisis Underlines the Need for Sustainability
Efforts to Achieve Circular Economy Drives Focus on Sustainable Solutions
Bio-Based Wave amid COVID-19 Set to be a Silver Lining for Renewable Chemicals
Players Beef Up Investments in Bio-based Options
Competitive Landscape
Competitive Market Presence - Strong/Active/Niche/Trivial for 86 Players Worldwide in 2022 (E)
Renewable Chemicals: An Introduction
Applications of Renewable Chemicals
Select Renewable Chemicals and their Applications
Feedstock Options for Renewable Chemicals
Key Renewable Chemicals Technologies
Types of Manufacturing Processes
Renewable Chemicals: Eco-Friendly, Sustainable and Clean Alternatives to Conventional Chemicals
Chemical Industry Transition towards Green Chemicals and the Opportunities Ahead
Sustainability Commitments on the Rise, Set to Benefit Bio-Based Materials and Chemicals
Regional Market Analysis
Developing Countries to Spearhead Future Growth
Recent Market Activity
Market Challenges
Standard Measurement Frameworks: A Key Requirement for Green Investment
2. FOCUS ON SELECT PLAYERS (Total 314 Featured)
Amyris, Inc.
Archer Daniels Midland Company
Avantium Technologies
BASF SE
Braskem
Corbion NV
DuPont Tate & Lyle Bio Products Company, LLC
Eastman Chemicals Company
Elevance Renewable Sciences, Inc.
Enerkem, Inc.
Evonik Industries AG
Genomatica, Inc.
Gevo, Inc.
GreenField Global, Inc.
NatureWorks LLC
Novamont SpA
Novozymes A/S
PureVision Technology Inc.
Royal DSM NV
Virent, Inc.
Yokogawa Electric Corporation
Zea2 LLC
3. MARKET TRENDS & DRIVERS
Increasing Focus on Environment Friendly Chemicals: A Strong Growth Driver
Synthetic Biology Gains Significance in Production of Bio-Based Chemicals and Biofuels
Biorefineries Claim Higher Sustainability Credentials over Traditional Counterparts
Biorefineries face Disruption Amid the pandemic
Renewable Technology Advancements Spearhead Growth
Industrial Biotechnology for Developing Renewable Chemicals
Biomass: The Largest Renewable Resource
Industrially Useful Chemicals that are Best Synthesized from Biomass
Biomass-to-Chemicals Conversion: Challenges to Reckon with
Lignin A Fast Growing Renewable Feedstocks
Increasing Usage in Aromatic Fine Chemicals Production Drives Demand for Lignin
Renewable Chemicals and Biofuels: Essential for Securing Future Energy Needs
Excessive Dependence on Crude Oil: A Fundamental Growth Driver
Ethanol Spearheads Renewable Chemicals Market Growth
Pandemic Impact on Ethanol Industry
Mixed Outlook for the US Ethanol
Favorable Policies to Augment Demand in Europe
Biofuel Wastes: A Potential Renewable Feedstock
Synthesis of Acetic Acid from Bio-based Materials Gathers Momentum
Coatings: An Emerging Market
Bio-Epichlorohydrin: A Niche Renewable Chemical
Expanding Scope of Renewable Methanol as Alternative Fuel
Renewable Platform Chemicals Witness Strong Growth in Demand
Impact of COVID-19 Pandemic on Platform Chemicals Market
Itaconic Acid: Fully Sustainable and One of the Most Promising Platform Chemicals
Succinic Acid: Renewable Chemical with Huge Market Potential
Growth in Bio-Succinic Acid Market Led by Compelling Attributes
Recent Progress on Bio-Succinic Acid Production from Lignocellulosic Biomass
Biosuccinic Acid Finds Application as a Chemical Building Block for Polyurethane
Spiraling Demand for Renewable Polymers Strengthens Market Prospects
Bioplastics and Biopolymers: The Next Step Forward to Plastics Innovation & Sustainability
Activity Brewing in Select Biopolymers Space
Mitigating Issues with Starch-based Biopolymers
Key Challenges & Issues Hampering Widespread Adoption of Renewable Chemicals
Renewable Chemicals: An Uphill Task for Producers
Market Barriers
Cost Competition from Traditional Sources
Lack of Smooth B2B Integration Restrains Market Growth
Carbon Capture
Concerns over Natural Resource Depletion May Eclipse Renewable Projects
High Costs of Commercialization
END-USE APPLICATION INDUSTRIES: A MACRO PERSPECTIVE
Revival in Automobile Production and Tightening of Regulations to Drive Consumption
Recap of COVID-19 Impact on the Automotive Industry in 2020
Revival in Automobile Production and Tightening of Regulations to Drive Consumption
Demand for Renewable Chemicals from Consumer Healthcare Sector Goes Up
Food Industry Shows Interest in Renewable Feedstock
Renewable Chemicals in Garments and Textiles
Environment Related Applications of Renewable Chemicals
Construction: An Emerging End-Use Market for Renewable Materials
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/hhp41q
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