Renewable Chemicals Market Trends 2018 | Growth by Top Companies, Trends by Types and Application, Forecast Analysis to 2021

Renewable Chemicals Market Information By Types (Alcohols, Organic Acids, Ketones, Platform Chemicals, Polymers) & By Applications (Industrial, Transportation, Food Packaging & Beverage Bottling, Bio-Medical, Fertilizers, Agriculture, Textiles, Environment, Housing, Recreation And Health & Hygiene) - Forecast To 2021

Pune, India - July 12, 2018 /MarketersMedia/ —

The Global Renewable Chemicals Market is projected to grow considerably and generate handsome revenue over the forecast period of 2016-2021, reveals a research report by Market Research Future (MRFR). 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. Rising demand for Renewable Chemicals from the cosmetic industry is also a critical factor which is supporting the growth of the market. The cosmetic industry always aims to replace synthetic, and petrochemical ingredients with novel plant-based ingredients and renewable chemicals are largely used in the cosmetics industry which is aiding the growth of the renewable chemicals market. Renewable chemicals such as hydrocarbon can help to considerably reduce crude oil-based materials in the production of renewable solvents and bio-based plastics and also in various other industrial application. A wide range of applications of renewable chemicals amplifies the growth of the market. Additionally, stringent regulations pertaining to the use of fossil fuels and petrochemicals has also encouraged the growth of the Renewable Chemicals Market.

Get a Sample Report for Brief Overview @ https://www.marketresearchfuture.com/sample_request/1047

Renewable Chemicals find diverse application in various industry verticals such as textile, food & beverage packaging and growing use of biopolymers in food & beverage packaging industry is expected to accelerate the growth of the market over the forecast period. Despite the positive outlook, the Renewable Chemicals Market might be hindered by a number of factors. High processing cost and complicated manufacturing process of renewable chemicals are significant impediments to the market growth. Also, the high price of renewable chemicals and lack of awareness regarding the availability of such options restrict market growth. Furthermore, the efficiency of renewable chemicals as compared to conventional chemicals have not been proved yet. Lack of advanced technologies and low yield are other restraining factors. Essential development in the renewable chemicals market is the emergence of sugar-based Renewable Chemicals. Researchers and companies are looking forward to metabolizing sugars into chemical building blocks, polymers, and acids which might reflect positively on the Renewable Chemicals Market. However, rising concerns regarding food security and deforestation might hamper the growth of the market.

Segmentation

The Global Renewable Chemicals Market has been segmented based on Types and Applications. By Types, the market has been segmented into Alcohols, Organic Acids, Ketones, Platform Chemicals, Polymers, and Others. By Applications, the market has been segmented into Industrial, Transportation, Food Packaging & Beverage Bottling, Bio-Medical, Fertilizers, Agriculture, Textiles, Environment, Housing, Recreation and Health & Hygiene.

Regional Analysis

The key markets of the Global Renewable Chemicals Market include North America, Europe, Asia-Pacific and the Middle East & Africa. The markets in North America and Europe are stable due to the high adoption of novel green products in the regions. The Asia-Pacific market for Renewable Chemicals is projected to expand rapidly due to favorable government policies and the availability of cheap labor in the region. The market in the Middle East & Africa region is expected to exhibit comparatively slower growth due to the abundance of fossil fuel reserves in the region.

Competitive Landscape

The Global Renewable Chemicals Market is highly competitive with the presence of a few market players. The key players operating in the market include Archer-Daniels-Midland Company, BASF, Biomethanol Chemie Nederland, Cargill, E. I. DU PONT, Evonik industries, Amyris Inc, Bioamber, Braskem, DSM, and others.

Industry Updates

In June 2018, the US Senate passed a bill which mandates funding for energy title programs. The energy title would benefit renewable chemicals manufacturers and help rural farms, and businesses secure funds to adopt renewable energy technologies and generate economic opportunities.

In July 2018, ThyssenKrupp acquired a contract from an Australian company, Hydrogen Utility to perform a feasibility study for a new green hydrogen project. A commercial plant will be set up for the same purpose, and it will be the first ever plant to produce a carbon dioxide-free ammonia from renewable resources.

Browse Report Details @ https://www.marketresearchfuture.com/reports/renewable-chemicals-market-1047

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Savant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune
Phone: +1 646 845 9312

Source URL: https://marketersmedia.com/renewable-chemicals-market-trends-2018-growth-by-top-companies-trends-by-types-and-application-forecast-analysis-to-2021/376672

For more information, please visit https://www.marketresearchfuture.com/reports/renewable-chemicals-market-1047

Source: MarketersMedia

Release ID: 376672

Latest News

Malaysia anti-graft agency arrests former leader Najib Razak

Sep 19, 2018

KUALA LUMPUR, Malaysia — Malaysia's anti-graft agency said former Prime Minister Najib Razak was arrested on Wednesday and will face further charges of abuse of power over the multimillion-dollar looting of a state investment fund. The agency said in a statement that Najib was detained at its office over the transfer of 2.6 billion ringgit ($627.8 million) into his bank account. It said Najib will be taken to court on Thursday to face several charges under Section 23 of the Malaysian Anti-Corruption Commission Act. It didn't give details, but the section deals with the abuse of power. Najib was earlier...

World stocks advance, unfazed by new US-China tariffs

Sep 19, 2018

SINGAPORE — European and Asian shares rose on Tuesday, shrugging off U.S. President Donald Trump's decision to place tariffs on an additional $200 billion of Chinese goods starting next week. KEEPING SCORE: In Europe, France's CAC 40 added 0.2 percent to 5,361, while the DAX in Germany rose 0.3 percent to 12,126. Britain's FTSE 100 gained 0.2 percent to 7,316. Wall Street was set to open higher. Dow and S&P 500 futures were both up 0.2 percent. ASIA'S DAY: Japan's Nikkei 225, reopening after a national holiday, jumped 1.4 percent to 23,420.54. The Kospi in South Korea added 0.3 percent...

Asian shares mixed as Trump orders new tariffs on China

Sep 19, 2018

SINGAPORE — Asian markets were mixed on Tuesday after President Donald Trump ordered tariffs on $200 billion more in Chinese goods, ramping up tensions between the world's top two economies. Investors have been expecting the move, even as U.S. officials proposed a new round of talks with their Chinese counterparts to mediate an ongoing dispute over trade. KEEPING SCORE: Japan's Nikkei 225, reopening after a national holiday, jumped 1.5 percent to 23,448.97. The Kospi in South Korea added 0.1 percent to 2,304.29. Hong Kong's Hang Seng index dropped 0.7 percent to 26,735.28. The Shanghai Composite index added 0.1 percent to...

Asian shares fall on fears over US-China tariffs standoff

Sep 19, 2018

SINGAPORE — Asian shares were mostly lower Monday on reports that President Donald Trump will soon place tariffs on $200 billion more of Chinese goods, even as officials worked to iron out tensions between the world's two largest economies. KEEPING SCORE: South Korea's Kospi fell 0.8 percent to 2,300.83 on Monday. Hong Kong's Hang Seng index tumbled 1.9 percent to 26,768.17. The Shanghai Composite index lost 1.0 percent to 2,654.13. But Australia's S&P/ASX 200 rose 0.3 percent to 6,183.30. Japanese markets were closed for a national holiday. Stocks fell in Taiwan and Southeast Asia. WALL STREET: On Friday, smaller U.S....

Malaysian PM voices support for Anwar's return as lawmaker

Sep 19, 2018

KUALA LUMPUR, Malaysia — Malaysian Prime Minister Mahathir Mohamad said Friday he endorsed a move by his designated successor, Anwar Ibrahim, to contest a by-election to return as a lawmaker, and reiterated that he would keep his word to hand over power to Anwar. Anwar and Mahathir put aside their 20-year-old political feud to help their alliance win elections in May that led to the first change of power since independence from Britain in 1957. Anwar, who was convicted in 2015 on sodomy charges, couldn't take part in the elections but their four-party alliance agreed that Mahathir would be prime...

News

Sign up now!