Renewable Chemicals Market Global Revenue, Trends, Growth, Share, Size and Forecast to 2021 - BASF SE, BioAmber Inc., BioMCN, Braskem, Cargill, Etc


Posted December 3, 2018 by MPatni

Renewable chemicals are produced through biological reproduction or other naturally occurring processes and thus is beneficial from both economic and ecological perspective
 
Renewable Chemicals Market

Renewable Chemicals Market Overview:
Renewable chemicals are produced through biological reproduction or other naturally occurring processes and thus is beneficial from both economic and ecological perspective. Sustainability is the principal driving force behind the growth of the renewable chemicals market. Major corporations across the globe are embracing sustainability as critical business policy and sustainability issues in the chemical industry has urged transition towards renewable chemicals and has paved the way for the advancement of renewable chemicals into the mainstream.

Moreover, with increasing awareness regarding health and environmental concerns, there has been a surge in demand for greener components in finished products which is, in turn, expanding the role of renewable chemicals in consumer products. Availability of abundant raw materials for the production of renewable chemicals coupled with volatility in prices of conventional alternatives adds fuel to the growth of the market.

Renewable Chemicals Market Key Players:
Archer Daniels Midland Company, Amyris, BASF SE, BioAmber Inc., BioMCN, Braskem, Cargill, Royal DSM, DowDuPont, and Evonik AG industries among others are some of the prominent players at the forefront of competition in the Global Renewable chemicals Market and are profiled in MRFR Analysis.

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Renewable Chemicals Market Segmentation:
Renewable Chemicals Market into types and applications. On the basis of types, the global market is segmented into alcohols, organic acids, ketones, platform chemicals, polymers and others, whereas the application segment is divided into industrial, transportation, food packaging & beverage bottling, bio-medical, fertilizers, agriculture, textiles, environment, housing, recreation and health & hygiene.

Industry/ Innovation/ Related News:
June 15, 2017- BioAmber Inc. introduced a new pharmaceutical grade product called BIO-SA™. This new grade of material provides a USP/NF and FCC Grade of bio-succinic acid manufactured under the United States Food and Drug Administration's (FDA) good manufacturing practices (GMP) for food and Excipients. These standards are used by regulatory agencies and manufacturers to ensure products are of the appropriate identity, strength, quality, purity and consistency and renewability. Therefore, achieving this new benchmark is a significant development which assured that BioAmber's facility adheres to the rigorous quality control standards set by the United States Food and Drug Administration (FDA).

October 19, 2017- The Renewable Chemicals Act of 2017, introduced in the House in June 2017 by Rep. Bill Pascrell (D-NJ). This Senate bill is companion legislation, which if enacted would create a targeted, short-term tax credit for production of qualifying renewable chemicals from biomass or investment in production facilities. In long term this tax credit would be evaluated on the basis of job creation, innovation, environmental benefits, commercial viability and contribution to U.S. energy independence. This development is the start of new era of government policies supporting the efforts of manufacturer’s move in favor of environmental protection.

28 November 2017- Emery Oleochemicals introduced a new product, through its Eco-Friendly Polyols platform, called EMEROX®. The product has high renewable content and superior performance property. This product possesses all the structural design freedom of a petrochemical-based polyol. This is going add a new chapter of technological advancement in the global renewable chemicals market.

November 9, 2017- Braskem has partnered with RPC M&H Plastics to create “green” polyethylene (PE) packaging for Bulldog Skincare for Men’s line of skincare. Braskem is a Brazil based thermoplastics resin producer which has been entering into a series of new partnerships to make bio-based packaging. This development is significant for the packaging industry which is being hampered by stringent regulatory measures restricting use of harmful synthetic material especially in food, pharmaceuticals and personal care product packaging.

8 November 2017- Stora Enso, one of the leading developer, manufacturer and supplier of renewable solutions in packaging, biomaterials, wooden constructions and paper is investing USD 108.79 million to grow in the field of renewable materials and to increase competitiveness in consumer board and biomaterials. This move by Stora Enso is anticipated to substitute use of fossil-based alternatives in longer run.

Renewable Chemicals Market Application:
Renewable Chemicals Market has seen a prospective growth in the past few years. The several factors which are driving the global market could be considered as abundant & low-cost feedstock, technological innovations, consumer' acceptance for eco-friendly products, government support, growing popularity, and boost for rural economy.

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Renewable Chemicals Market Regional Analysis:
Globally, North America accounted for the leading market for Renewable Chemicals, in 2016, possessing a substantial market share in the region is estimated to register fabulous CAGR during the review period. Attributing to the growing industries like Food Packaging & Beverage Bottling, Transportation, Fertilizers, Bio-Medical, Agriculture, and the extensive utilization of Renewable Chemicals in textile predominantly drive the regional market growth. Developed regions such as Latin America and North America are estimated to witness significant growth. The U.S. backed by the greater penetration of end-user industries in the country, accounts for the major contributor to the market growth.

The Asia Pacific accounted for the second largest market for Renewable Chemicals, in 2016. Factors such as rapid industrialization and the presence of numerous producers coupled with the availability of cost-comprehensive labor-force and growing exports substantiate the regional market growth. Attributing to the surging demand for the renewable chemicals due to the growing industrial investments and improving standard of living in countries such as India, China, and Japan account for the major growth contributors for the market.

Renewable Chemicals Market Competitive Landscape:
Renewable Chemicals Market is witnessing rapid growth primarily driven by growing consumer awareness and rising global sentiments in favour of environmental. Bio Amber Inc, Archer Daniels Midland Company, Evonik AG, Cargill, and DowDuPont are the major players in this market. Almost all of them are adopting the expansion, collaboration tactics and launching new products in order to strengthen their market position and meet the growing demand. Growing end user industries, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors for the growth of Renewable chemicals in the global market. Taking into account these competitive trends, the global renewable chemicals market is projected to witness higher competition on the Research front during the review period of 2018-2021.

Renewable Chemicals Market Table of Content to be Continue……,

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Issued By Moin Patni
Phone 06468459312
Business Address Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Country India
Categories Advertising , Business
Tags renewable chemicals , renewable chemicals market
Last Updated December 3, 2018