The report “Renewable Chemicals Market - Alcohols (Ethanol, Methanol), Biopolymers (Starch Blends, Regenerated Cellulose, PBS, Bio-PET, PLA, PHA, Bio-PE, and Others), Platform Chemicals & Others - Global Trends & Forecast to 2020”, defines and segments the global renewable chemical market and forecast of the market size by volume and value. Renewable chemicals market size in terms of value will grow from an estimated USD 49.0 Billion in 2015 to USD 84.3 Billion by 2020, with a CAGR of 11.47% between 2015 and 2020.
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The renewable chemicals market has been segmented into product type, application, and region. The renewable chemicals market has been analyzed in terms of volume and value (USD Million) for product type, alcohols, platform chemicals, and biopolymers with respect to applications and regions.
The market for renewable chemicals is in its infancy and is projected to witness dynamic growth at a CAGR of over 10.0% between 2015 and 2020. For each chemical, there are limited players in the market and they do not pose high threat for each other. The demand for these chemicals is high with almost all production volumes being consumed. The renewable chemicals market is at growing stage and the companies are yet to stabilize their business. Thus, the degree of competition in the market is low.
The factors hindering the growth of the renewable chemicals market are high price when compared to the conventional polymers and associated performance issues. However, with increasing research and innovation, improvement is expected in the near future. The growth opportunities for the renewable chemicals market are increasing scope in end-user segments, new raw materials, under penetration in Asian countries, and potential for cost reduction through economy of scale.
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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:
Product Type
• Alcohols
• Organic Acids
• Ketones
• Platform Chemicals
• Biopolymers
• 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
Region:
• North America
• Western Europe
• Asia-Pacific
• RoW
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Market players are limited for each product, thus renewable chemicals market possess limited competition.
Key players profiled in the report are Metabolix Inc. (U.S.), BioAmber (Canada), Genomatica (U.S.), Cobalt Technologies (U.S.), BASF (Germany), DuPont Tate & Lyle Bio Products (U.S.), Myriant Corporation (U.S.), BioMCN (The Netherlands), Corbion N.V. (The Netherlands), NatureWorks LLC (U.S.), Mitsubishi Chemical Corporation (Japan), and Braskem (Brazil). Partnerships/Agreements/Collabolrations and new product development & launches are the major strategies adopted by the players in this market in order to gain competitive edge and increase their market penetration.
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