Dublin, Aug. 15, 2024 (GLOBE NEWSWIRE) -- The "Renewable Chemicals - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Renewable Chemicals is estimated at US$94.2 Billion in 2023 and is projected to reach US$204.9 Billion by 2030, growing at a CAGR of 11.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the renewable chemicals market is driven by several factors. Firstly, advancements in biotechnology and process engineering have improved the efficiency and cost-effectiveness of producing renewable chemicals. Secondly, the increasing regulatory support and favorable government policies are accelerating market adoption. Thirdly, the rising consumer demand for sustainable and eco-friendly products is pushing industries to shift towards renewable chemicals.
Lastly, the continuous depletion of fossil fuel reserves and the volatility of oil prices are compelling industries to seek alternative raw materials, further boosting the market for renewable chemicals. These drivers collectively ensure robust growth and innovation within the renewable chemicals sector.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Ethanol segment, which is expected to reach US$155.7 Billion by 2030 with a CAGR of a 11.7%. The Ketones segment is also set to grow at 10.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $29.9 Billion in 2023, and China, forecasted to grow at an impressive 16.1% CAGR to reach $18.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Ajinomoto Co., Inc., Aemetis, Inc., A.B. Enterprises, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Renewable Chemicals Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 1128 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $94.2 Billion |
| Forecasted Market Value (USD) by 2030 | $204.9 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Competitive Landscape
- Renewable Chemicals - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (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
MARKET TRENDS & DRIVERS
- Increasing Focus on Environment Friendly Chemicals: A Strong Growth Driver
- Annual Greenhouse Gas Emission Savings by Bio-based Chemical (t CO2/t of product))
- Synthetic Biology Gains Significance in Production of Bio-Based Chemicals and Biofuels
- Biorefineries Claim Higher Sustainability Credentials over Traditional Counterparts
- Pathways Distribution for Biorefineries
- 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
- Researchers Eye on Conversion of Renewable Biomass to N-Acetylglucosamine
- 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
- India Updates Biofuel Policy with New Amendments to Fast-Track Ethanol Blending Goal
- 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
- Corn & Ethanol Prices in US
- Unavailability of Reliable, Exclusive Feedstock: A Major Challenge
- Non-Edible Oilseed Crops for Biofuel Production
- Favorable Policies to Augment Demand
- 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
- Itaconic Acid: Fully Sustainable and One of the Most Promising Platform Chemicals
- Succinic Acid: Renewable Chemical with Huge Market Potential
- Carbon Dioxide Emissions (in Tons) Per Ton of Succinic Acid
- Growth in Bio-Succinic Acid Market Led by Compelling Attributes
- Cost Structure for Bio-Succinic Acid
- 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
- Average Biomass Content in Select Renewable Polymers
- Bioplastics and Biopolymers: The Next Step Forward to Plastics Innovation & Sustainability
- Activity Brewing in Select Biopolymers Space
- Mitigating Issues with Starch-based Biopolymers
- Global Production Capacity of Bioplastics Percentage Share Breakdown by Material Type for 2023
- Key Challenges & Issues Hampering Widespread Adoption of Renewable Chemicals
- Renewable Chemicals: An Uphill Task for Producers
- Market Barriers
- END-USE APPLICATION INDUSTRIES: A MACRO PERSPECTIVE
- 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
FOCUS ON SELECT PLAYERS (Total 314 Featured):
- Ajinomoto Co., Inc.
- Aemetis, Inc.
- A.B. Enterprises
- ADDCON GmbH
- Air Liquide Engineering & Construction
- A.M Food Chemical Co., Ltd.
- Advanced Fuel Solutions, Inc.
- Agrana Beteiligungs-AG
- Akro-Plastic GmbH
- Altivia
- Abengoa SA
- Advance Bio Material P. Ltd.
- ACE Ethanol LLC
- Adkins Energy LLC
- Alco Group
For more information about this report visit https://www.researchandmarkets.com/r/d26rxe
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