Renewable Chemicals Market Size & Share Report, 2022, 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021, it is expected to grow at a CAGR of 11.9% from 2021 to 2028.
Renewable chemicals or bio-based chemicals are defined as those categories of chemicals, which are synthesized from renewable sources such as agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Renewable chemicals are categorized as sustainable and environment-friendly chemicals which emits fewer carbon footprints as compared to traditional petro-based chemicals. Some of the most widely available renewable chemicals are lignin, carbohydrates, oils, plant extractives, hemicellulose, cellulose, starch, protein, and others. Such chemicals find application in diverse application bases such as food and beverage, agriculture, textiles, automotive, packaging and others.
In 2021, North America contributed to the largest share in the global renewable chemicals market. The dominance of the renewable chemicals market in this region is primarily attributable to the presence of strong industrial base with prominent manufactures significantly contributing to market growth. High demand of renewable chemicals from applications such as food & beverages, agriculture, textiles, transportation, packaging, and other industries backed by significant growth in end-use industrial bases is stimulating the demand for renewable chemicals in regional market. The rise in investment in manufacturing sector along with growing focus over eco-friendly and sustainable solutions, provides lucrative opportunities for the growth of the renewable chemicals market in North America. Further, favorable policies to promote the use of biobased and renewable chemicals over conventional petroleum-based chemicals is further expected to create lucrative growth opportunities in the region.
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Renewable Chemicals Market: Strategic Insights
Market Size Value in US$ 80,566.30 Million in 2021 Market Size Value by US$ 1,76,750.76 Million by 2028 Growth rate CAGR of 11.9% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Renewable Chemicals Market: Strategic Insights
| Market Size Value in | US$ 80,566.30 Million in 2021 |
| Market Size Value by | US$ 1,76,750.76 Million by 2028 |
| Growth rate | CAGR of 11.9% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Renewable Chemicals Market
The ongoing pandemic has drastically altered the status of the industrial sector and have negatively impacted the growth of the renewable chemicals market. The implementation of measures to combat the spread of the virus has aggravated the situation and have impacted the growth of several industrial sectors. Industries such as food and beverages, agriculture, textiles, transportation, packaging, pharmaceuticals have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. The significant decline in the growth of the several industrial sectors negatively impacted the demand for renewable chemicals in the global market. The disruptions in terms of sourcing of raw materials from suppliers as well as temporarily closures of manufacturing base due to indefinite lockdowns and temporary quarantines have impacted the growth of the market during pandemic period. Nevertheless, as the economies are planning to revive their operations, the demand for renewable chemicals is expected to rise globally. Although the focus over just in time production is another concerning factor hindering market growth. The expanding demand of renewable chemicals across food and beverages, agriculture, textiles, transportation, packaging, pharmaceuticals, and other industries along with significant investment by prominent manufacturers is, expected to drive the growth for renewable chemicals.
Market Insights
Growing Awareness Regarding Renewable Chemicals Backed by Increasing Environmental Concerns
Renewable sciences have been regarded as one of the effective ways to promote the quality of air, water, and soil and contribute to sustainability by commercializing the use of eco-friendly bio-based chemicals in diverse applications. Eco-friendly sustainable renewable chemicals can be sourced from renewable feedstocks such as biomass, agricultural residues or feedstock, and microorganisms with the help of green chemistry synthesis or biorefineries. The governments of several economies have implemented strict regulations related to carbon and greenhouse gas emissions to promote high quality environment. For instance, the European Commission aims to achieve 80% reduction in the carbon emission by 2050 by phasing out ~ 81Mt of carbon dioxide to be used in clinker production. Regulatory bodies, such as REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals), EPA (Environmental Protection Agency), and European Commission impose strict environment regulations on the production and disposal of petrochemicals. Also, the growing focus of European Union on the establishment of ‘Green Economy’ coupled with its ’20-20-20’ initiative is phasing out the demand for petrochemicals. The reduction in petroleum resources along with political instability in the leading oil producing nations and volatility in the price of petroleum product increase preference for renewable chemicals. Global warming and climate change are creating demand for healthy, green, and clean products. Additionally, the circular economy is creating over US$5.6 trillion worth of novel opportunities for the development of eco-friendly technologies including the technology associated with renewable chemicals. Such collaborative efforts, regulations, and initiatives drive the growth of the renewable chemicals market.
Product Insights
Based on product, the renewable chemicals market is categorized into alcohols, organic acids, ketones, platform chemicals, biopolymers, and others. Biopolymers segment is expected to be the fastest growing segment in the global renewable chemicals market during the forecast period. The expanding demand for green packaging materials coupled with the increasing use of biopolymers in automotive industry is projected to drive the growth of the biopolymers in renewable chemicals market. Biopolymers includes polynucleotides (DNA, RNA), cellulose, chitosan, chitin, starch, proteins, polyesters, pectin, collagen, gelatin, and gluten, among others. They are an innovative and promising alternative to reduce greenhouse gas and toxic emissions, and the use of non-renewable resources. The rising focus toward environment-friendly and sustainable materials is expected to promote the demand for biopolymers.
Application Insights
Based on application, the renewable chemicals market is categorized into food and beverages, agriculture, textiles, transportation, chemical intermediates, packaging, bio-medical & pharmaceuticals and others. In 2021, the transportation segment is dominating the Renewable chemicals market. The biomass, wood chips, crop residues etc. are converted to renewable transportation fuels. The various types of bio-based alcohols like bio-butanol, bioethanol, and bio-methanol are used as fuel in jets. Bioethanol is the most widely used source of energy for transportation. The use of bioethanol is projected to increase significantly in coming years and remain high. This shift toward more bio-ethanol usage will provide more opportunities in future. Methane is another renewable chemical used as transportation fuel and is the major component of compressed natural gas. It is produced from biomass by a biochemical process called anaerobic digestion. Biodiesel is a renewable diesel fuel substitute produced by mixing any natural oil or fat with an alcohol (usually methanol). Different vegetable oils, animal fats, and recycled cooking greases can also be transformed into biodiesel.
A few of the major key players operating in the Renewable chemicals market are BASF SE.; Amyris Inc; DSM.; Archer-Daniels-Midland Company (ADM); and The Dow Chemical Company. These market players are highly focusing on the development of high quality and innovative product offerings.
Renewable Chemicals Market Report Scope
Report Spotlights
- Progressive industry trends in the renewable chemicals market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the renewable chemicals market from 2019 to 2028
- Estimation of global demand for renewable chemicals
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the renewable chemicals market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- Detailed overview and segmentation of the market, as well as the renewable chemicals industry dynamics
- Size of the renewable chemicals market in various regions with promising growth opportunities
Renewable Chemicals Market, by Product
- Alcohols
- Organic Acids
- Ketones
- Platform Chemicals
- Biopolymers
- Others
Renewable Chemicals Market, by Application
- Food and Beverages
- Agriculture
- Textiles
- Transportation
- Chemical Intermediates
- Packaging
- Bio-Medical & Pharmaceuticals
- Others
Company Profiles
- Archer-Daniels-Midland Company (ADM)
- Cargill Inc
- DSM
- BASF SE
- Amyris Inc
- Evonik Industries AG
- Solvay
- The Dow Chemical Company
- Genomatica, Inc
- Braskem
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Europe is estimated to register the fastest CAGR in the market over the forecast period. The increasing investment by European Union towards the development of the ‘Green Economy’ is expected to contribute to market growth. The European government is actively involved in implementing crucial initiatives to promote the use of renewable chemicals, which is expected to provide impetus to market growth in the region.
Biopolymers segment is the fastest growing segment in the global renewable chemicals market during the forecasted period. The expanding demand for green packaging materials coupled with the increasing use of biopolymers in automotive industry is projected to drive the growth of the biopolymers in renewable chemicals market. They are an innovative and promising alternative to reduce greenhouse gas and toxic emissions, and the use of non-renewable resources.
Among the eight segments of application, transportation segment has led the renewable chemicals market in 2020. The biomass, wood chips, crop residues etc. are converted to renewable transportation fuels. The various types of bio-based alcohols like bio-butanol, bio-ethanol, and bio-methanol are used as fuel in jets. Bio-ethanol is the most widely used source of energy for transportation. The use of bio-ethanol is projected to increase significantly in coming years and remain high. This shift toward more bio-ethanol usage will provide more opportunities in future. Methane is another renewable chemical used as transportation fuel and is the major component of compressed natural gas.
The major players operating in the global renewable chemicals market are Archer-Daniels-Midland Company (ADM).; Cargill Inc.; DSM; BASF SE.; Amyris Inc.; Evonik Industries AG.; Solvay; The Dow Chemical Company.; Genomatica, Inc. and Braskem among many others.
In 2020, North America contributed to the largest share in the global renewable chemicals market. The dominance of the renewable chemicals market in this region is primarily attributable to the presence of strong industrial base with prominent manufactures significantly contributing to market growth. High demand of renewable chemicals from applications such as food and beverages, agriculture, textiles, transportation, packaging and other industries backed by significant growth in end-use industrial bases is stimulating the demand for renewable chemicals in regional market. Furthermore, favorable policies to promote the use of biobased and renewable chemicals over conventional petroleum-based chemicals is further expected to create lucrative growth opportunities in the region.
Among the six segments of product, alcohol segment has led the renewable chemicals market in 2020. Renewable alcohols are produced from a wide range of biomass or biological resources such as crops, farm residues, wood and wood residue, food waste, and solid waste. Renewable alcohols or bio-based alcohols includes biomethanol, bioethanol, biopropanol, biobutanol etc. Due to depleting petroleum reserves and the environmental impact of fossil fuels, the importance of bio-based alcohol fuels is increasing as an alternative solution.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Renewable Chemicals Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.1 Ecosystem Analysis
4.2 Expert Opinions
5. Renewable Chemicals Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Awareness Regarding Renewable Chemicals Backed by Increasing Environmental Concerns
5.1.2 Expanding Application Base Across Diverse End-Use Sectors
5.2 Market Restraints
5.2.1 Complex and Costly Manufacturing Process
5.3 Market Opportunities
5.3.1 Rising Adoption of Bio-Based Platform Chemicals
5.4 Future Trends
5.4.1 Significant Focus on Research and Development Activities to Expand Market
5.5 Impact Analysis of Drivers and Restraints
6. Renewable Chemicals – Global Market Analysis
6.1 Renewable Chemicals Market Overview
6.2 Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Global Market Players
7. Renewable Chemicals Market Analysis – By Product
7.1 Overview
7.2 Renewable Chemicals Market Breakdown, By Product, 2020 and 2028
7.3 Alcohols
7.3.1 Overview
7.3.2 Alcohols: Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.3.3 Alcohols: Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.4 Organic Acids
7.4.1 Overview
7.4.2 Organic Acids: Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.4.3 Organic Acids : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.5 Ketones
7.5.1 Overview
7.5.2 Ketones : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.5.3 Ketones : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.6 Platform Chemicals
7.6.1 Overview
7.6.2 Platform Chemicals : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.6.3 Platform Chemicals : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.7 Biopolymers
7.7.1 Overview
7.7.2 Biopolymers : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.7.3 Biopolymers : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
7.8.3 Others : Renewable Chemicals Market, Revenue And Forecast To 2028 (US$ Mn)
8. Global Renewable Chemicals Market Analysis – By Application
8.1 Overview
8.2 Global Renewable Chemicals Market Breakdown, by Application, 2020 & 2028
8.3 Food and Beverage
8.3.1 Overview
8.3.2 Food and Beverage: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Agriculture
8.4.1 Overview
8.4.2 Agriculture: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Textiles
8.5.1 Overview
8.5.2 Textiles: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Transportation
8.6.1 Overview
8.6.2 Transportation: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Chemical Intermediates
8.7.1 Overview
8.7.2 Chemical Intermediates: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Packaging
8.8.1 Overview
8.8.2 Packaging: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Bio-Medical and Pharmaceuticals
8.9.1 Overview
8.9.2 Bio-Medical and Pharmaceuticals: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
8.10 Others
8.10.1 Overview
8.10.2 Others: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
9. Renewable Chemicals Market – Geographic Analysis
9.1 Overview
9.2 North America: Renewable Chemicals Market
9.2.1 North America: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Renewable Chemicals Market, by Product
9.2.3 North America: Renewable Chemicals Market, by Application
9.2.4 North America: Renewable Chemicals Market, by Key Country
9.2.4.1 US: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Renewable Chemicals Market, by Product
9.2.4.1.2 US: Renewable Chemicals Market, by Application
9.2.4.2 Canada: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Renewable Chemicals Market, by Product
9.2.4.2.2 Canada: Renewable Chemicals Market, by Application
9.2.4.3 Mexico: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Renewable Chemicals Market, by Product
9.2.4.3.2 Mexico: Renewable Chemicals Market, by Application
9.3 Europe: Renewable Chemicals Market
9.3.1 Europe: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Renewable Chemicals Market, by Product
9.3.3 Europe: Renewable Chemicals Market, by Application
9.3.4 Europe: Renewable Chemicals Market, by Key Country
9.3.4.1 Germany: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Renewable Chemicals Market, by Product
9.3.4.1.2 Germany: Renewable Chemicals Market, by Application
9.3.4.2 France: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Renewable Chemicals Market, by Product
9.3.4.2.2 France: Renewable Chemicals Market, by Application
9.3.4.3 Italy: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Renewable Chemicals Market, by Product
9.3.4.3.2 Italy: Renewable Chemicals Market, by Application
9.3.4.3.3 UK: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.4 UK: Renewable Chemicals Market, by Product
9.3.4.3.5 UK: Renewable Chemicals Market, by Application
9.3.4.3.6 Russia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.7 Russia: Renewable Chemicals Market, by Product
9.3.4.3.8 Russia: Renewable Chemicals Market, by Application
9.3.4.3.9 Rest of Europe: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.10 Rest of Europe: Renewable Chemicals Market, by Product
9.3.4.3.11 Rest of Europe: Renewable Chemicals Market, by Application
9.4 Asia Pacific: Renewable Chemicals Market
9.4.1 Asia Pacific: Renewable Chemicals Market –Revenue and Forecast to 2028(US$ Mn)
9.4.2 Asia Pacific: Renewable Chemicals Market, by Product
9.4.3 Asia Pacific: Renewable Chemicals Market, by Application
9.4.4 Asia Pacific: Renewable Chemicals Market, by Key Country
9.4.4.1 Australia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.1.1 Australia: Renewable Chemicals Market, by Product
9.4.4.1.2 Australia: Renewable Chemicals Market, by Application
9.4.4.2 China: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.2.1 China: Renewable Chemicals Market, by Product
9.4.4.2.2 China: Renewable Chemicals Market, by Application
9.4.4.3 India: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.3.1 India: Renewable Chemicals Market, by Product
9.4.4.3.2 India: Renewable Chemicals Market, by Application
9.4.4.4 Japan: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.4.1 Japan: Renewable Chemicals Market, by Product
9.4.4.4.2 Japan: Renewable Chemicals Market, by Application
9.4.4.5 South Korea: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.5.1 South Korea: Renewable Chemicals Market, by Product
9.4.4.5.2 South Korea: Renewable Chemicals Market, by Application
9.4.4.6 Rest of Asia Pacific: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
9.4.4.6.1 Rest of Asia Pacific: Renewable Chemicals Market, by Product
9.4.4.6.2 Rest of Asia Pacific: Renewable Chemicals Market, by Application
9.5 Middle East and Africa: Renewable Chemical Market
9.5.1 Middle East and Africa: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Renewable Chemicals Market, by Product
9.5.3 Middle East and Africa: Renewable Chemicals Market, by Application
9.5.4 Middle East and Africa: Renewable Chemicals Market, by Key Country
9.5.4.1 South Africa: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Renewable Chemicals Market, by Product
9.5.4.1.2 South Africa: Renewable Chemicals Market, by Application
9.5.4.2 Saudi Arabia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Renewable Chemicals Market, by Product
9.5.4.2.2 Saudi Arabia: Renewable Chemicals Market, by Application
9.5.4.3 UAE: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Renewable Chemicals Market, by Product
9.5.4.3.2 UAE: Renewable Chemicals Market, by Application
9.5.4.4 Rest of MEA: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Renewable Chemicals Market, by Product
9.5.4.4.2 Rest of MEA: Renewable Chemicals Market, by Application
9.6 South America: Renewable Chemicals Market
9.6.1 South America: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.6.2 South America: Renewable Chemicals Market, by Product
9.6.3 South America: Renewable Chemicals Market, by Application
9.6.4 South America: Renewable Chemicals Market, by Key Country
9.6.5 Brazil: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.6.5.1.1 Brazil: Renewable Chemicals Market, by Product
9.6.5.1.2 Brazil: Renewable Chemicals Market, by Application
9.6.6 Argentina: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.6.6.1.1 Argentina: Renewable Chemicals Market, by Product
9.6.6.1.2 Argentina: Renewable Chemicals Market, by Application
9.6.7 Rest of South America: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
9.6.7.1.1 Rest of South America: Renewable Chemicals Market, by Product
9.6.7.1.2 Rest of South America: Renewable Chemicals Market, by Application
10. Overview- Impact of COVID-19
10.1 Impact of COVID-19 on Renewable Chemicals Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Product & Service Launch
11.2 Partnership
11.3 Merger & Acquisition
11.4 Expansion
11.5 Business Planning and Strategy
11.6 Joint Venture
11.7 Collaboration
11.2 Market Positioning – Renewable Chemicals Market Players
12. Company Profiles
12.1 ARCHER-DANIELS-MIDLAND COMPANY (ADM)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cargill, Incorporated.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 DSM
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BASF SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 The Dow Chemical Company
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Braskem S.A.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Evonik
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Solvay
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Amyris Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Genomatica, Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
LIST OF TABLES
Table 1. Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 3. North America Renewable Chemicals Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 4. US Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 5. US Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Canada: Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Europe Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 11. Europe Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. Germany Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 13. Germany Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. France Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 15. France Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 16. Italy Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 17. Italy Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 18. UK Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 19. UK Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 20. Russia Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 21. Russia Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 22. Rest of Europe Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 23. Rest of Europe Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 24. Asia Pacific Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 25. Asia Pacific Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 26. Australia Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 27. Australia Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 28. China Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 29. China Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 30. India Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 31. India Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 32. Japan Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 33. Japan Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 34. South Korea Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 35. South Korea Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 36. Rest of Asia Pacific Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 37. Rest of Asia Pacific Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 38. Middle East and Africa Renewable Chemical Market, by Product Form– Revenue and Forecast to 2028 (USD Million)
Table 39. Middle East and Africa Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 40. South Africa Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 41. South Africa Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 42. Saudi Arabia Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 43. Saudi Arabia Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 44. UAE Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 45. UAE Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 46. Rest of MEA Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 47. Rest of MEA Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 48. South America Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 49. South America Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 50. Brazil Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 51. Brazil Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 52. Argentina Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 53. Argentina Renewable Chemicals Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 54. Rest of South America Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 55. Rest of South America Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)
LIST OF FIGURES
Figure 1. Renewable Chemicals Market Segmentation
Figure 2. Renewable Chemicals Market Segmentation – By Geography
Figure 3. Global Renewable Chemicals Market Overview
Figure 4. Biopolymers Segment is Fastest Growing Segment in the Global Renewable Chemicals Market
Figure 5. North America Region Held Largest Share of Global Renewable Chemicals Market
Figure 6. Global Renewable Chemicals Market, Industry Landscape
Figure 7. Porter ‘s Five Forces Analysis for Renewable Chemicals Market
Figure 8. Renewable Chemicals Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Renewable Chemicals Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Renewable Chemicals Market
Figure 12. Global: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Renewable Chemicals Market Breakdown, By Product, 2020 and 2028 (%)
Figure 14. Global Renewable Chemicals Market Breakdown, by Application, 2020 & 2028
Figure 15. Food and Beverage: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Agriculture: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Textiles: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Transportation: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Chemical Intermediates: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Packaging: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Bio-Medical and Pharmaceuticals: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Others: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Global Renewable Chemicals Market Revenue Share, by Region (2020 and 2028)
Figure 24. North America: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America: Renewable Chemicals Market Revenue Share, by Product (2020 and 2028)
Figure 26. North America: Renewable Chemicals Market Revenue Share, by Application (2020 and 2028)
Figure 27. North America: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. US: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Renewable Chemicals Market Revenue Share, by Product (2020 and 2028)
Figure 33. Europe: Renewable Chemicals Market Revenue Share, by Application (2020 and 2028)
Figure 34. Europe: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)
Figure 35. Germany: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. France: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Italy: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. UK: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Russia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of Europe: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Asia Pacific: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 42. Asia Pacific: Renewable Chemicals Market Revenue Share, by Product (2020 and 2028)
Figure 43. Asia Pacific: Renewable Chemicals Market Revenue Share, by Application (2020 and 2028)
Figure 44. Asia Pacific: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)
Figure 45. Australia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 46. China: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 47. India: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 48. Japan: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 49. South Korea: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 50. Rest of Asia Pacific: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 51. Middle East and Africa: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Middle East and Africa: Renewable Chemicals Market Revenue Share, by Product (2020 and 2028)
Figure 53. Middle East and Africa: Renewable Chemicals Market Revenue Share, by Application (2020 and 2028)
Figure 54. Middle East and Africa: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)
Figure 55. South Africa: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 56. Saudi Arabia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57. UAE: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. Rest of MEA: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. South America: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South America: Renewable Chemicals Market Revenue Share, by Product (2020 and 2028)
Figure 61. South America: Renewable Chemicals Market Revenue Share, by Application (2020 and 2028)
Figure 62. South America: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)
Figure 63. Brazil: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 64. Argentina: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of South America: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
Figure 66. Impact of COVID-19 Pandemic in North American
Figure 67. Impact of COVID-19 Pandemic in Europe
Figure 68. Impact of COVID-19 Pandemic in Asia Pacific
Figure 69. Impact of COVID-19 Pandemic in Middle East and Africa
Figure 70. Impact of COVID-19 Pandemic in South and Central America
The List of Companies - Renewable Chemicals Market
- Archer-Daniels-Midland Company (ADM)
- Cargill Inc
- DSM
- BASF SE.
- Amyris Inc.
- Evonik Industries AG
- Solvay
- The Dow Chemical Company.
- Genomatica, Inc.
- Braskem
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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