“Renewable Chemicals Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on renewable chemicals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for renewable chemicals? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The renewable chemicals market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Product Type: Ethanol; Ketones; Biopolymers; Platform Chemicals; Other Product Types
- 2) By Feedstocks: Biomass; Corn; Sugarcane; Algae; Other Feedstocks
- 3) By End-Use: Automotive; Medical; Food And Beverages; Petrochemicals; Textiles; Agriculture; Other End-Uses
- Companies Mentioned: Archer-Daniels-Midland Company; Amyris Inc.; BASF SE; Bioamber Inc.; Biomethanol Chemie Nederland B.V.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the renewable chemicals market are: Archer-Daniels-Midland Company, Amyris Inc., BASF SE, Bioamber Inc., Biomethanol Chemie Nederland B.V., Braskem SA, Cargill Inc., Corbion N.V., Evonik Industries AG, Genomatica Inc., Koninklijke DSM N.V., Metabolix Inc., Verenium Corporation, Beta Renewables SpA, and Braskem.
The global renewable chemicals market is expected to grow from $94.85 billion in 2022 to $105.95 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The renewable chemicals market is expected to reach $165.56 billion in 2027 at a compound annual growth rate (CAGR) of 11.8%.
The renewable chemicals market consists of sales of alcohols, organic acids and biopolymers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (Inc.luding downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market Inc.ludes related services sold by the creators of the goods.
Renewable chemicals are substances derived from renewable resources such as biomass, microorganisms, agricultural waste, agricultural feedstock, and organic waste products. Renewable chemicals are frequently used as direct replacements and have a smaller carbon impact than traditional petro-based compounds.
North America was the largest region in the renewable chemicals market in 2022. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of renewable chemicals are ethanol, ketones, biopolymers, platform chemicals, and other product types. Ethanol is an alternative fuel produced from sugar- and starch-containing raw materials. Ethanol is used as a gasoline additive or motor fuel as it has no detrimental effects on the environment. The feedstocks Inc.lude biomass, corn, sugarcane, algae, and other feedstocks which is used in automotive, medical, food and beverages, petrochemicals, textiles, agriculture, and other sectors.
Inc.reasing demand from the automotive industry is expected to propel the growth of the renewable chemicals market. The production of automobiles utilizes biopolymers from renewable sources engineered for automotive applications. For instance, according to May 2022 data by the Society of Indian Automobile Manufacturers (SIAM), an India-based non-profit organization representing automobile manufacturers, the production of automobiles has Inc.reased in the last two years, with total production being 22,655,609 units in 2020-21 has Inc.reased to 22,933,230 units in 2021-22. According to a May 2022 report by the China Association of Automobile Manufacturers, a China-based non-profit social organization, automobile sales in China grew to 27.5 million in 2022, up 5.4%. Therefore, the Inc.rease in demand from the automobile industry is driving the growth of the renewable chemicals market.
Product innovation is a key trend gaining popularity in the renewable chemicals market. Major companies operating in the renewable chemicals market are focused on technological advancements to strengthen their position in the market. For instance, in March 2022, Evonik Industries, a Germany-based speciality chemicals company, launched sustainable isophorone products made from 100% renewable acetone. The company offers products with a significantly lower CO2 footprint across all stages. The new products under the VESTA eCO grades range are designed to be used as sustainable raw materials for paints, lacquers, binders production, and interiors for the automobile industry. The development of this innovative product is another step forward in the renewable chemicals market.
In June 2020, Chevron Corporation, a US-based multinational company operating in the oil and natural gas industries, chemicals manufacturing, and power generation acquired Renewable Energy Group (REG) for $ 3.15 billion. Through this acquisition, Chevron Corporation aims to Inc.rease its production of renewable fuels production capacity to 100,000 barrels per day. The deal also strengthens the product portfolio of the Chevron Corporation with the addition of renewable fuels. Renewable Energy Group is a US-based manufacturer of clean and renewable fuels.
The countries covered in the Renewable Chemicals market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not Inc.lude revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The renewable chemicals market research report is one of a series of new reports from The Business Research Company that provides renewable chemicals market statistics, Inc.luding renewable chemicals industry global market size, regional shares, competitors with a renewable chemicals market share, detailed renewable chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the renewable chemicals industry. This renewable chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Renewable Chemicals Market Characteristics
3. Renewable Chemicals Market Trends And Strategies
4. Renewable Chemicals Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Renewable Chemicals Market
- 4.2. Ukraine-Russia War Impact On Renewable Chemicals Market
- 4.3. Impact Of High Inflation On Renewable Chemicals Market
5. Renewable Chemicals Market Size And Growth
- 5.1. Global Renewable Chemicals Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Renewable Chemicals Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Renewable Chemicals Market Segmentation
- 6.1. Global Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Ethanol
- Ketones
- Biopolymers
- Platform Chemicals
- Other Product Types
- 6.2. Global Renewable Chemicals Market, Segmentation By Feedstocks , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Biomass
- Corn
- Sugarcane
- Algae
- Other Feedstocks
- 6.3. Global Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Automotive
- Medical
- Food And Beverages
- Petrochemicals
- Textiles
- Agriculture
- Other End-Uses
7. Renewable Chemicals Market Regional And Country Analysis
- 7.1. Global Renewable Chemicals Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Renewable Chemicals Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Renewable Chemicals Market
- 8.1. Asia-Pacific Renewable Chemicals Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Renewable Chemicals Market
- 9.1. China Renewable Chemicals Market Overview
- 9.2. China Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Renewable Chemicals Market
- 10.1. India Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Renewable Chemicals Market
- 11.1. Japan Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Renewable Chemicals Market
- 12.1. Australia Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Renewable Chemicals Market
- 13.1. Indonesia Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Renewable Chemicals Market
- 14.1. South Korea Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Renewable Chemicals Market
- 15.1. Western Europe Renewable Chemicals Market Overview
- 15.2. Western Europe Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Renewable Chemicals Market
- 16.1. UK Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Renewable Chemicals Market
- 17.1. Germany Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Renewable Chemicals Market
- 18.4. France Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Renewable Chemicals Market
- 19.1. Eastern Europe Renewable Chemicals Market Overview
- 19.2. Eastern Europe Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Renewable Chemicals Market
- 20.1. Russia Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Renewable Chemicals Market
- 21.1. North America Renewable Chemicals Market Overview
- 21.2. North America Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Renewable Chemicals Market
- 22.1. USA Renewable Chemicals Market Overview
- 22.2. USA Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Renewable Chemicals Market
- 23.1. South America Renewable Chemicals Market Overview
- 23.2. South America Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Renewable Chemicals Market
- 24.1. Brazil Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Renewable Chemicals Market
- 25.1. Middle East Renewable Chemicals Market Overview
- 25.2. Middle East Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Renewable Chemicals Market
- 26.1. Africa Renewable Chemicals Market Overview
- 26.2. Africa Renewable Chemicals Market, Segmentation By Product Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Renewable Chemicals Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Renewable Chemicals Market Competitive Landscape And Company Profiles
- 27.1. Renewable Chemicals Market Competitive Landscape
- 27.2. Renewable Chemicals Market Company Profiles
- 27.2.1. Archer-Daniels-Midland Company
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Amyris Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. BASF SE
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Bioamber Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Biomethanol Chemie Nederland B.V.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Renewable Chemicals Market
29. Renewable Chemicals Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer