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Renewable Chemicals - Global Market Trajectory & Analytics

  • ID: 1946793
  • Report
  • September 2020
  • Region: Global
  • 795 Pages
  • Global Industry Analysts, Inc
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The global Renewable Chemicals market is projected to reach US$125. 6billion by 2025, driven by rising concerns over the growing carbon footprint of chemicals right from production to its use in downstream applications. Global warming and climate change are stepping up the urgency in migrating towards healthier, greener, and cleaner products. The many disadvantages of traditional petrochemicals driving interest in renewable chemicals include major role in contributing towards environmental pollution; resource limitations; and generation of toxic byproducts and effluents. As the circular economy becomes the new normal, renewable chemicals will become mainstream feedstock`s in production activities. The circular economy flaunts the potential to create over US$5. 6 trillion worth of new opportunities for eco-friendly technologies among which renewable chemicals stands strong. Ozone depleting use of chemicals such as CFCs are already being phased out as the focus shifts to biosphere integrity. The circular transition impacts all industries and the use of renewable chemicals will expand far and wide across the manufacturing space. The market stands to benefit from technology innovations such as development of new renewable chemical platforms; evolving supply chains to support demand for alternative feedstock`s; innovation in production processes; continuous scaling up of commercial production; and increased research and development interest in green chemistry. Biomass is currently a rich renewable source for developing eco-friendly chemicals for industrial applications. Pyrolysis is an emerging technology that promises commercial level success in converting biomass into bio-oil, char and gases. While alcohols have been the major product segment that has achieved tremendous success over the years, other renewables such as polymers are growing in prominence in recent years.

Demand for renewable chemicals in the polymers segment is growing rapidly primarily driven by growing applications of bio-polymers in the production of biodegradable and compostable plastics and in various consumer goods such as laptops and cell phones. Thanks to increasing fossil fuel feedstock prices, chemical commodities including platform chemicals, such as itaconic acid and succinic acid, intermediates and polymers have emerged as economically viable options for producing renewable chemicals. Other noteworthy trends in the market include expanding role of renewable chemicals in consumer products as a result of the unprecedented popularity of organic and natural products; steadily growing market for bio-based chemicals and the promise it brings in cost reductions via economies of scale as manufacturers scale up production capacities to meet projected demand; focus on sustainable textile manufacturing and strong consumer demand for organic fibers and the ensuing adoption of renewable chemicals in the textile industry; biotechnological improvements in the production of bio-based succinic acid production; development of bio-isoprene to replace the use of traditional isoprene in tire and rubber production. Flaunting the world`s highest environmental standards, Europe represents the largest market worldwide. Asia-Pacific ranks including China is a major market led by factors such as rising governmental support for renewable chemicals, abundant biomass availability at low costs; growing pressure on developing markets to meet climate change goals and the resulting policy led support for promoting a sustainable environmental framework for renewable.

Competitors identified in this market include, among others:
  • Archer Daniels Midland Company
  • Avantium Technologies
  • BASF SE
  • BioAmber Inc.
  • Braskem
  • Cargill Inc.
  • CJ CheilJedang
  • Corbion NV
  • Dow Inc.
  • DuPont Tate & Lyle Bio Products Company LLC
  • Evonik Industries AG
  • Genomatica Inc.
  • Gevo Inc.
  • LanzaTech Inc.
  • Myriant Corporation
  • NatureWorks LLC
  • Novozymes A/S
  • PureVision Technology Inc.
  • Rivertop Renewables Inc.
  • Royal DSM NV
  • Solvay
  • Verdezyne Inc.
  • Virent Inc.
  • ZeaChem Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Renewable Chemicals: An Introduction
  • Applications of Renewable Chemicals
  • Feedstock Options for Renewable Chemicals
  • Key Renewable Chemicals Technologies
  • Types of Manufacturing Processes
  • Renewable Chemicals: Eco-Friendly, Sustainable and Clean Alternatives to Conventional Chemicals
  • Recent Market Activity
  • Transition towards Green Chemical Industry: Opportunity for Renewable Chemicals
  • Europe and the US: The Largest Renewable Chemicals Markets Worldwide
  • Developing Countries to Spearhead Future Growth
  • Renewable Chemistry: A Much Sought After Research Field
  • Production Scenario
  • Global Production Capacity of Select Bio-based Chemicals (in kt)
  • Production Capacity of Select Bio-based Products in the EU (kt/a)
  • Renewable Chemicals Market Fortunes Tied to the Health of Global Economy
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
  • Competitive Landscape
  • What Does It Take to Survive in the Marketplace?
  • Investment Scenario in Renewable Chemicals and Industrial Biotechnology
  • Venture Capital Investments Continue to Slowdown
  • Standard Measurement Frameworks: A Key Requirement for Green Investment
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Amyris, Inc. (USA)
  • Archer Daniels Midland Company (USA)
  • Avantium Technologies (The Netherlands)
  • BASF SE (Germany)
  • Braskem (Brazil)
  • Cargill Incorporated (USA)
  • Corbion NV (Netherlands)
  • DuPont Tate & Lyle Bio Products Company, LLC (USA)
  • Eastman Chemicals Company (USA)
  • Elevance Renewable Sciences, Inc. (USA)
  • Enerkem, Inc. (Canada)
  • Evonik Industries AG (Germany)
  • Genomatica, Inc. (USA)
  • Gevo, Inc. (USA)
  • GreenField Global, Inc. (Canada)
  • LanzaTech, Inc. (USA)
  • NatureWorks LLC (USA)
  • Novamont SpA (Italy)
  • Novozymes A/S (Denmark)
  • PureVision Technology Inc. (USA)
  • Royal DSM NV (Netherlands)
  • Virent, Inc. (USA)
  • Zea2 Boardman Bioworks (USA)
3. MARKET TRENDS & DRIVERS
  • Increasing Focus on Environment Friendly Chemicals: A Strong Growth Driver
  • Annual Greenhouse Gas Emission Savings by Bio-based Chemical (t CO2/t of product))
  • Rising Prominence of ‘Green’ Production Technologies to Boost Market Demand
  • Biorefineries Grow in Prominence
  • Sustainability: Order of the Day
  • Renewable Technology Advancements Spearhead Growth
  • Industrial Biotechnology: The Next Generation Technology for Developing Renewable Chemicals
  • Favorable Government Policies Promote Market Penetration
  • Regulations/Policies Supporting Bio-Based Chemicals in the US, Canada, and the EU
  • Excessive Dependence on Crude Oil: A Fundamental Growth Driver
  • Average Annual OPEC Crude Oil Price (in $/barrel) for the Years 2010 through 2019
  • Lignin: One of the Fastest Growing Renewable Feedstocks
  • Increasing Usage in Aromatic Fine Chemicals Production Drives Demand for Lignin
  • Biomass: The Largest Renewable Resource
  • Marine Biomass Exhibits Increased Usage in Diverse Industries
  • Algae: The Next Generation Renewable Feedstock
  • Biomass-to-Chemicals Conversion: Challenges to Reckon with
  • GHGs Reducing Capability Drives Demand for Renewable Alcohols
  • Renewable Chemicals and Biofuels: Essential for Securing Future Energy Needs
  • Ethanol Spearheads Renewable Chemicals Market Growth
  • Demand for Cellulosic Ethanol Remains Stable
  • Expanding Scope of Renewable Methanol as Alternative Fuel
  • Biofuel Wastes: A Potential Renewable Feedstock
  • Renewable Chemicals to Drive Future Growth in Bio-fuels Market
  • Booming Shale Gas Extraction Benefits Market Growth
  • Shale Gas Resources of Top 10 Countries Worldwide: 2019
  • Renewable Platform Chemicals Witness Robust Growth in Demand
  • Global Renewable Platform Chemicals by Type (in %) for 2019
  • Itaconic Acid: Fully Sustainable and One of the Most Promising Platform Chemicals
  • Global Itaconic Acid Market Breakdown by Application (in %) for 2019
  • Succinic Acid: Renewable Chemical with Huge Market Potential
  • Carbon Dioxide Emissions (in Tons) Per Ton of Succinic Acid
  • Bio-Succinic Acid: Facilitating Commoditization of Renewables
  • Cost Structure for Bio-Succinic Acid
  • Biosuccinic Acid Finds Application as a Chemical Building Block for Polyurethane
  • Succinic Acid Market by Application (in %) for 2020P
  • Synthetic Biology Gains Significance in Production of Bio-Based Chemicals and Biofuels
  • Synthesis of Acetic Acid from Bio-based Materials Gathers Momentum
  • Bio-Epichlorohydrin: A Niche Renewable Chemical
  • Biocatalysts Witness Greater Demand from Chemistry Related Industries
  • Spiraling Demand for Renewable Polymers Strengthens Market Prospects
  • Average Biomass Content in Select Renewable Polymers
  • Global Production Capacity of Bio-based Polymers: Breakdown (in %) by Region for 2019
  • Global Bioplastics & Biopolymers Market by Application (%) for 2019
  • Biodegradable Polymers: An Economically Viable Substitute for Conventional Polymers
  • Starch: An Omnipresent Ingredient
  • Bioplastics Fast Replacing Conventional Petrochemical Based Plastics
  • Global Production Capacity of Bioplastics: Percentage Share Breakdown\ by Material Type for 2019
  • Acetic Acid: The Green Building Blocks of Eco-friendly Plastics
  • Biodegradable and Compostable Plastics Fuel Demand for Renewable Chemicals
  • Demand for Eco-Friendly Materials Boost Growth in Bio-Based Construction Polymers Market
  • Bio-based Construction Polymers Market by Product in the US (in %) for 2019
  • Bio-based Polyurethane (PU) Market: Gaining Momentum over Conventional PU
  • Key Challenges & Issues Hampering Widespread Adoption of Renewable Chemicals
  • Renewable Chemicals: An Uphill Task for Producers
  • Market Barriers
  • Cost Competition from Traditional Sources
  • Lack of Smooth B2B Integration Restrains Market Growth
  • Carbon Capture
  • Concerns over Natural Resource Depletion May Eclipse Renewable Projects
  • High Costs of Commercialization
  • END-USE APPLICATION INDUSTRIES: A MACRO PERSPECTIVE
  • Automotive Production Trends to Impact Demand for Renewable Chemicals
  • Automotive Applications of Renewable Chemicals: Percentage Breakdown by Application for 2019
  • Rubber Manufacturing: Emerging Application Area for Renewable Chemicals
  • Demand for Renewable Chemicals from Consumer Healthcare Sector Goes Up
  • Consumer Healthcare Applications of Renewable Chemicals: Percentage Breakdown by Application for 2019
  • Food Industry Shows Interest in Renewable Feedstock
  • Food & Beverage Applications of Renewable Chemicals: Percentage Breakdown by Application for 2019
  • Renewable Chemicals Gain Acceptance in Industrial/Manufacturing Sector
  • Industrial Applications of Renewable Chemicals: Percentage Breakdown by Application for 2019
  • Renewable Chemicals in Garments and Textiles
  • Garments & Textile Applications of Renewable Chemicals: Percentage Breakdown by Application for 2019
  • Environment Related Applications of Renewable Chemicals
  • Environment-Related Applications of Renewable Chemicals: Percentage Breakdown by Application for 2019
  • Construction: An Emerging End-Use Market for Renewable Materials
  • Renewable Chemicals in Sporting Goods
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Government Mandates Drive Renewable Chemicals and Bio-Fuels Markets
  • Renewable Chemicals to Replace Petrochemicals in the Long Run
  • Biofuel Mandates Present Growth Opportunities to Overcome Weak Domestic Demand
  • Ethanol Production Capacity in the US by State (in Million Gallons per Year)
  • US: One of the Leading Producers of Cellulosic Ethanol
  • Commercial Scale Cellulosic Ethanol Capacity & Status in the US
  • Discovery of Shale Gas Promises Bright Prospects for Renewable Chemicals
  • Federal Stimulus Funding for the Renewable Chemicals Sector
  • Tax Credit Law Facilitates Easy Access to Capital
  • Farm Bill: A Boon to the US Bio-Economy
  • Market Analytics
CANADA

JAPAN

CHINA
  • Demand for Green Products Drives Market Growth
  • Tight Maize Supply: A Road Block for Renewable Chemicals Market Growth
  • Chinese Maize Production in Million Tons for the Years 2016-17 to 2019/20
  • Market Analytics
EUROPE
  • Market Overview
  • Renewable Ethanol: Renewable Energy Targets Fuel Demand in the EU
  • Renewable Ethanol Production in Europe by Feedstock (in %) for 2018
  • Renewable Ethanol Production Capacity (in Million Liters) in Select European Countries
  • Renewable Ethanol Production Share Breakdown by End-Use (2018)
  • Market Analytics
FRANCE

GERMANY
  • Market Overview
  • Market Analytics
ITALY

UNITED KINGDOM
  • Market Overview
  • Opportunities Rife for Renewable Chemicals in the Personal Care Market
  • Renewable Chemicals Gain Increased Acceptance in Polymers Production
  • Biowastes Find Favor among Chemical Manufacturers
  • Market Analytics
SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Asia-Pacific Spearheads Growth in the Global Renewable Chemicals Market
  • Market Analytics
AUSTRALIA

INDIA
  • Market Overview
  • Biofuels Find Increased Acceptance
  • Market Analytics
SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA
  • South Africa: A Growing Renewable Chemicals Market
  • Cellulose Ether Usage in South Africa by End-Use Industry (in %) for 2019
  • Market Analytics
IV. COMPETITION
  • Total Companies Profiled: 81
Note: Product cover images may vary from those shown
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