바이오 재생 화학제품 시장 예측(-2030년) : 제품 유형, 원료, 최종사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Bio Renewable Chemical Market is accounted for $3.6 billion in 2024 and is expected to reach $7.5 billion by 2030, growing at a CAGR of 13% during the forecast period. Bio renewable chemicals provide a sustainable substitute for conventional petrochemicals as they are produced from biological sources like plants, biomass, and organic waste. Numerous industries, including agriculture, packaging, pharmaceuticals, and personal care, use these chemicals. They encourage environmentally friendly production methods, cut carbon emissions, and lessen reliance on fossil fuels. Bio-based polymers, solvents, surfactants, and lubricants are examples of bio-renewable chemicals that support environmental sustainability objectives in a variety of industries and promote a circular economy.

According to the IEA, the share of modern renewables in total final energy consumption is expected to reach around 18% by 2030 under current and planned policies.

Market Dynamics:

Driver:

Growing environmental awareness

Growing environmental awareness is a significant driver for the biorenewable chemical market. As consumers and industries become increasingly conscious of the environmental impact of traditional petrochemicals, there is a rising demand for sustainable alternatives. According to the International Energy Agency, the share of renewables in final energy consumption is expected to reach 22% by 2030. This trend extends to the chemical industry, where bio-based products are seen as a solution to reduce carbon footprints and dependence on fossil fuels. Government regulations promoting sustainable practices and the corporate push for green technologies further accelerate this shift.

Restraint:

Limited availability of sustainable feedstocks

The production of bio-based chemicals relies heavily on biomass sources such as corn, sugarcane, and other agricultural products. However, the availability of these feedstocks can be affected by factors like weather conditions, crop yields, and competition with food production. According to the Food and Agriculture Organization (FAO), global food security remains a concern, potentially limiting the use of food crops for industrial purposes. Additionally, the need for large land areas to cultivate feedstocks can lead to issues of deforestation and land-use changes. The challenge of securing a consistent and sustainable supply of raw materials at competitive prices can hinder the growth.

Opportunity:

Expanding demand in developing regions

As emerging economies experience rapid industrialization and urbanization, there is a growing need for sustainable chemical solutions across various sectors. According to OCED and HSBC, developing countries are expected to account for 50-57% of global GDP by 2030. This economic growth is accompanied by increased environmental awareness and stricter regulations, driving the adoption of bio-based chemicals. Countries like China and India are investing heavily in renewable technologies, creating favorable conditions for market expansion. The rising middle class in these regions also contributes to increased demand for eco-friendly consumer products. This trend opens up new markets for bio-renewable chemicals in industries such as packaging, textiles, and personal care, offering substantial growth potential for market players.

Threat:

Competition from petrochemicals

Despite the growing demand for sustainable alternatives, petrochemicals still dominate the market due to their established infrastructure, lower production costs, and wide range of applications. The volatility of oil prices can sometimes make petrochemicals more cost-competitive than biobased alternatives. Additionally, the performance and quality of some bio-renewable chemicals may not yet match their petrochemical counterparts in all applications. The petrochemical industry's ongoing efforts to improve efficiency and reduce environmental impact through technologies like carbon capture could further intensify competition.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the bio renewable chemical market, causing supply chain issues and reduced demand in certain sectors. However, it also accelerated the shift towards sustainable and locally sourced materials. The pandemic highlighted the importance of reducing dependence on fossil-based resources and building resilient supply chains. Long-term impacts include increased focus on bio-based materials for healthcare and packaging applications, potentially boosting market growth in these sectors.

The biomass segment is expected to be the largest during the forecast period

The biomass segment is predicted to secure the largest market share throughout the forecast period. Biomass, which includes agricultural residues, forestry waste, and dedicated energy crops, offers a versatile and abundant source of renewable carbon for chemical production. The dominance of the biomass segment can be attributed to its wide availability, potential for local sourcing, and the development of advanced conversion technologies. The ongoing research and development in biomass processing techniques, such as lignocellulosic conversion, are further enhancing the efficiency and cost-effectiveness of biomass utilization, solidifying its position as the leading feedstock in the bio-renewable chemical industry.

The personal care & cosmetics segment is expected to have the highest CAGR during the forecast period

The personal care & cosmetics segment is projected to have the highest CAGR during the extrapolated period. This rapid growth can be attributed to increasing consumer demand for natural and sustainable beauty products. Bio-renewable chemicals offer cosmetic manufacturers alternatives to petrochemical-derived ingredients, aligning with consumer preferences for eco-friendly and plant-based products. The segment's growth is further driven by stringent regulations on chemical ingredients in personal care products in regions like Europe and North America. The trend towards clean beauty and transparency in ingredient sourcing is expected to continue fueling the adoption of bio-renewable chemicals in this sector, driving market expansion.

Region with largest share:

The Asia Pacific region is projected to account for the largest market share during the forecast period. This dominance can be attributed to rapid industrialization, increasing population, and growing environmental awareness in the region. Countries like China and India are investing heavily in renewable technologies and bio-based industries as part of their sustainable development goals. The region's large agricultural sector provides abundant feedstock for bio-renewable chemical production. Additionally, government initiatives promoting the use of bio-based products and the presence of key market players in countries like Japan and South Korea contribute to the region's market leadership.

Region with highest CAGR:

The Asia Pacific region is projected to achieve the highest CAGR during the forecast period. This rapid growth is driven by factors such as increasing environmental regulations, rising consumer awareness of sustainable products, and government support for bio-based industries. Countries like China, India, and Southeast Asian nations are experiencing a surge in demand for eco-friendly materials across various industries. The region's expanding middle class and changing consumer preferences towards green products are fueling market growth.

Key players in the market

Some of the key players in Bio Renewable Chemical Market include BASF SE, Archer-Daniels-Midland Company (ADM), Amyris Inc., Braskem, Cargill Incorporated, DuPont de Nemours, Inc., Evonik Industries, Genomatica, Inc., Gevo, Inc., LanzaTech, NatureWorks LLC, Novamont S.P.A, Royal DSM N.V., Solvay, Toray Industries, Inc., Trucent, and Virent Energy Systems, Inc.

Key Developments:

In May 2024, BASF SE Launched the first biomass balanced products for its ammonia and urea portfolio replacing fossil resources with certified biowaste raw materials to reduce emissions.

In July 2023, Archer Expanded its biopolymer production capacity by 30% following an $87 million investment in its bio-based ethylene plant in Brazil. The plant's capacity increased from 200,000 to 260,000 tons/year.

Product Types Covered:

• Bio-Based Polymers
• Bio-Based Solvents
• Bio-Based Surfactants
• Bio-Based Fragrances
• Bio-Based Colors & Pigments
• Bio-Based Adhesives
• Bio-Based Lubricants
• Bio-Based Building Materials

Feedstock Covered:

• Corn
• Sugarcane
• Biomass
• Starch
• Organic Waste
• Hybrid Feedstocks
• Other Feedstock

End Users Covered:

• Agriculture
• Textiles
• Packaging
• Pharmaceuticals
• Personal Care & Cosmetics
• Food & Beverages
• Automotive
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Bio Renewable Chemical Market, By Product Type

• 5.1 Introduction
• 5.2 Bio-Based Polymers
• 5.3 Bio-Based Solvents
• 5.4 Bio-Based Surfactants
• 5.5 Bio-Based Fragrances
• 5.6 Bio-Based Colors & Pigments
• 5.7 Bio-Based Adhesives
• 5.8 Bio-Based Lubricants
• 5.9 Bio-Based Building Materials

6 Global Bio Renewable Chemical Market, By Feedstock

• 6.1 Introduction
• 6.2 Corn
• 6.3 Sugarcane
• 6.4 Biomass
• 6.5 Starch
• 6.6 Organic Waste
• 6.7 Hybrid Feedstocks
• 6.8 Other Feedstock

7 Global Bio Renewable Chemical Market, By End User

• 7.1 Introduction
• 7.2 Agriculture
• 7.3 Textiles
• 7.4 Packaging
• 7.5 Pharmaceuticals
• 7.6 Personal Care & Cosmetics
• 7.7 Food & Beverages
• 7.8 Automotive
• 7.9 Other End Users

8 Global Bio Renewable Chemical Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 BASF SE
• 10.2 Archer-Daniels-Midland Company (ADM)
• 10.3 Amyris Inc.
• 10.4 Braskem
• 10.5 Cargill Incorporated
• 10.6 DuPont de Nemours, Inc.
• 10.7 Evonik Industries
• 10.8 Genomatica, Inc.
• 10.9 Gevo, Inc.
• 10.10 LanzaTech
• 10.11 NatureWorks LLC
• 10.12 Novamont S.P.A
• 10.13 Royal DSM N.V.
• 10.14 Solvay
• 10.15 Toray Industries, Inc.
• 10.16 Trucent
• 10.17 Virent Energy Systems, Inc.