- Report ID: BMRC 156 | Number of pages: 200 | Publish Date: Dec 2019
Status: Published | Category: Chemical And Materials | Delivery Timeline:
Renewable Chemicals Market 2019-2025
Renewable Chemicals Market: Stringent rules and regulations imposed by regulatory authorities and consumer inclination towards eco-friendly products are key drivers for Global Renewable Chemicals Market.
Renewable chemicals are also known as bio based chemicals obtained from various renewable sources such as agricultural waste, biomass, microorganisms and others. Over the period of time renewable chemicals emerged as substitutes for petroleum based chemicals due to low content of carbon and eco-friendly characteristics. So, during the study of global renewable chemicals market, we have considered Renewable Chemicals product type and application to analyze the market.
Global Renewable Chemicals Market report is segmented on the basis of product type, application type, and by regional & country level. Based upon Product type, global renewable chemicals market is classified as Bio polymer, Alcohols, Ketones, Organic acids, and others. Based upon Application type, global Renewable Chemicals Market is classified as food processing, housing, textiles, environment, transportation, hygiene, pharmaceutical, and other.
The regions covered in this Renewable Chemicals Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Computed Tomography is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Renewable Chemicals market report covers prominent players like BASF, Dow Chemicals, Cargill Incorporated, Arkenol Inc, Group,E. I. Dupont De Nemours & Company, Novozymes, Chevron Corporation, Degussa Evonik, Verenium Corporation, PureVision Technology Inc. and others.
The renewable chemical market has grown over the period o time which has been highly impactful. Due to the stringent rules and regulation imposed by regulatory authorities to prevent the environmental damage is one of the major factors driving the growth of renewable chemical market. There is an increased awareness among people and increased inclination of consumer towards the use of eco-friendly chemicals and increased use of bio based products will fuel the market in near future. The high cost of renewable chemicals and there are certain issues related to the production of renewable chemicals are expected to hamper the growth of renewable chemical market over the forecast period.
Europe dominates the market with highest market share which is closely followed by Asia Pacific and North America over the forecast period. In the near future it is expected that Asia Pacific will take over the Europe due to the presence of easy and cheap raw materials, cheap labor and increasing demand of renewable chemicals. Europe is leading the market due to the increasing European investment to establish green economy. Availability of raw material in abundance among North America and presence of local supply will moderately promote the growth of the region. Asia Pacific will experience a moderate growth over the forecast period due to the technological advancement for extraction of chemicals and presence of raw materials in high quantity will fuel the growth of Asia Pacific over the forecast period.
By Product type analysis:
By Application type Analysis
By Regional & Country Analysis
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Renewable Chemicals Market : Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025