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Renewable Chemicals Market worth 84.3 Billion USD by 2020

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Rohna Patnakar
Renewable Chemicals Market worth 84.3 Billion USD by 2020

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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Browse 119 tables and 34 figures spread through 170 pages and in-depth TOC on "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"

The drivers for renewable chemical market include abundant & low-cost feedstock, technological innovations, consumer acceptance for eco-friendly products, and government support for eco-friendly sources and processes. 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 the 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 the Asian countries, and potential for cost reduction through economy of scale.

The leading players in the market include BioAmber (Canada), Myriant Corporation (U.S.), Metabolix Inc. (U.S.), BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), Braskem (Brazil), Corbion N.V. (The Netherlands), NatureWorks LLC (U.S.), BioMCN (The Netherlands), Genomatica (U.S.), Cobalt Technologies (U.S.),  and DuPont Tate & Lyle Bio Products (U.S.). In addition to the market size, data trends, and forecast, 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 key 15 companies in the renewable chemicals market.

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The growth of the renewable chemicals market is largely driven by the increasing environmental concerns, government support for eco-friendly sources & processes, and technological innovations. The major restraints identified in this report are cost and production issues along with the trade-off with the vital resources. Opportunities such as improved yields, new generation feed-stocks, and collaboration with the universities can change the dynamics of this industry. The burning issue observed in the market is the fluctuating crude oil prices which will impact the renewable chemicals market in the short term.

 

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