The
renewable chemical market is driven by the increasing demand from the food
packaging industry, biodegradable & compostable plastics, and other
consumer products. The renewable chemicals market is estimated to reach $83.4
billion by 2018 with a CARG of 7.7%. While alcohols currently form the largest
segment of the renewable chemicals market, the polymers segment holds the
maximum growth potential at an expected CAGR of 14.3% from 2013 to 2018.
The
renewable chemicals market includes all the chemicals obtained from renewable
feedstock such as agricultural raw materials, agricultural waste products or
biomass microorganisms etc. The development of this market is driven by the
fact that renewable chemicals decouple economic growth from finite,
non-renewable resource consumption, and also help diversify the feedstock
portfolio.
The
renewable chemicals market is currently facing considerable competition from
conventional chemicals derived from petrochemical feedstock. Because the
chemicals market is susceptible to the volatility in crude oil prices, market
participants are increasingly experiencing the need to make a paradigm shift
from petrochemical feedstock to renewable feedstock. This move would not only
bring in economic benefits, it would also successfully address the rising
concern over greenhouse gas emissions and their lasting impact on the natural
environment.
We have
used various secondary sources such as The company’s Annual Reports,
Organizational Websites and Databases to identify and collect information
useful for this extensive commercial study of renewable chemicals. The primary
sources – selected experts from related industries and selected suppliers have
been interviewed to obtain & verify critical information as well as to
assess the future prospects of renewable chemicals.
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This
report analyzes the global markets for major renewable chemicals such as
alcohols, polymers, ketones, and acids; along with the major applications of
renewable chemicals. The report also analyzes various end-use segments for
these products; and familiarizes the industry players with the market trends,
opportunities, drivers, and inhibitors.
This
report identifies the factors driving as well as inhibiting the growth of each
segment to support its analysis of market trends and forecasts. The market
segments are sized for major geographical markets of North America, Europe,
Asia, and Rest of the World (ROW). In addition to the market size, data trends,
and forecasts, the report also highlights key market opportunities for the
stakeholders and presents a competitive landscape analysis in which it profiles
the key market developments of the top 20 companies in the renewable chemicals
space.
We have
also profiled leading players of this industry with their recent developments
and other strategic industry activities. Key participants in the global
renewable chemical market include U.S. based Archer-Daniels-Midland Company,
Amyris Inc., BioAmber, Cargill Inc., DuPont, Metabolix Inc., NatureWorks LLC,
The Dow Chemical Company, Germany based BASF and Evonik Industries, and Royale
DSM N.V. (The Netherlands)
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Scope of the report:
The
present report uses the term “renewable chemicals” to refer to chemicals
derived from renewable sources or raw materials. The report classifies the
global renewable chemicals market into:
Products:
Alcohols, Organic
Acids, Ketones, Polymers and, Others (Bio-based 1,3-PDO, ECH and 1,4-BDO)
Applications:
Transportation,
Textiles, Food safety, Environment, Communication, Housing, Recreation, Health
& Hygiene, Bio-Medical, Agriculture, Other Applications
Geography:
North
America, Europe, Asia and, ROW.
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