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.
2. RnR Market Research
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.
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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.
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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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4. Thank You
RnR Market Research
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