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Renewable Chemicals - Global Market Trajectory & Analytics

  • ID: 1946793
  • Report
  • March 2022
  • Region: Global
  • 1112 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Amyris, Inc.
  • BASF SE
  • Corbion NV
  • Enerkem, Inc.
  • Genomatica, Inc.
  • GreenField Global, Inc.

Global Renewable Chemicals Market to Reach US$141.9 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Renewable Chemicals estimated at US$68.5 Billion in the year 2020, is projected to reach a revised size of US$141.9 Billion by 2027, growing at a CAGR of 11% over the analysis period 2020-2027. Ethanol, one of the segments analyzed in the report, is projected to grow at a 10.9% CAGR to reach US$108.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ketones segment is readjusted to a revised 9.9% CAGR for the next 7-year period. This segment currently accounts for a 4.1% share of the global Renewable Chemicals market.



The U.S. Accounts for Over 33.2% of Global Market Size in 2020, While China is Forecast to Grow at a 14.7% CAGR for the Period of 2020-2027


The Renewable Chemicals market in the U.S. is estimated at US$22.8 Billion in the year 2020. The country currently accounts for a 33.24% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$12.5 Billion in the year 2027 trailing a CAGR of 14.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 10.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR while Rest of European market (as defined in the study) will reach US$12.5 Billion by the year 2027.

Bio Polymers Segment Corners a 2.9% Share in 2020


In the global Bio Polymers segment, USA, Canada, Japan, China and Europe will drive the 12.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$3.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.3 Billion by the year 2027, while Latin America will expand at a 11.9% CAGR through the analysis period.

Select Competitors (Total 314 Featured) -

  • Amyris, Inc.
  • Archer Daniels Midland Company
  • Avantium Technologies
  • BASF SE
  • Braskem
  • Corbion NV
  • DuPont Tate & Lyle Bio Products Company, LLC
  • Eastman Chemicals Company
  • Elevance Renewable Sciences, Inc.
  • Enerkem, Inc.
  • Evonik Industries AG
  • Genomatica, Inc.
  • Gevo, Inc.
  • GreenField Global, Inc.
  • NatureWorks LLC
  • Novamont SpA
  • Novozymes A/S
  • PureVision Technology Inc.
  • Royal DSM NV
  • Virent, Inc.
  • Yokogawa Electric Corporation
  • Zea2 LLC

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the publisher's digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Renewable Chemicals

What is the estimated value of the Global Market for Renewable Chemicals?

The Global Market for Renewable Chemicals was estimated to be valued at $68.5 Billion in 2020.

What is the growth rate of the Global Market for Renewable Chemicals?

The growth rate of the Global Market for Renewable Chemicals is 11.0%, with an estimated value of $141.9 Billion by 2027.

What is the forecasted size of the Global Market for Renewable Chemicals?

The Global Market for Renewable Chemicals is estimated to be worth $141.9 Billion by 2027.

Who are the key companies in the Global Market for Renewable Chemicals?

Key companies in the Global Market for Renewable Chemicals include Amyris, Inc., Archer Daniels Midland Company, Avantium Technologies, BASF SE, Braskem, Cargill Incorporated, Corbion NV, DuPont Tate & Lyle Bio Products Company, LLC and Elevance Renewable Sciences, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amyris, Inc.
  • BASF SE
  • Corbion NV
  • Enerkem, Inc.
  • Genomatica, Inc.
  • GreenField Global, Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
  • Covid-19 Crisis Underlines the Need for Sustainability
  • EXHIBIT 2: Global CO2 Emissions (In Billion Metric Tons) for Years 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2030, 2040, and 2050
  • EXHIBIT 3: Carbon Neutrality Goals of Various Countries
  • Efforts to Achieve Circular Economy Drives Focus on Sustainable Solutions
  • Bio-Based Wave amid COVID-19 Set to be a Silver Lining for Renewable Chemicals
  • Players Beef Up Investments in Bio-based Options
  • Competitive Landscape
  • EXHIBIT 4: Renewable Chemicals - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 86 Players Worldwide in 2022 (E)
  • Renewable Chemicals: An Introduction
  • Applications of Renewable Chemicals
  • Select Renewable Chemicals and their Applications
  • Feedstock Options for Renewable Chemicals
  • Key Renewable Chemicals Technologies
  • Types of Manufacturing Processes
  • Renewable Chemicals: Eco-Friendly, Sustainable and Clean Alternatives to Conventional Chemicals
  • Chemical Industry Transition towards Green Chemicals and the Opportunities Ahead
  • Sustainability Commitments on the Rise, Set to Benefit Bio-Based Materials and Chemicals
  • Regional Market Analysis
  • Developing Countries to Spearhead Future Growth
  • Recent Market Activity
  • Market Challenges
  • Standard Measurement Frameworks: A Key Requirement for Green Investment

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increasing Focus on Environment Friendly Chemicals: A Strong Growth Driver
  • EXHIBIT 5: Annual Greenhouse Gas Emission Savings by Bio-based Chemical (t CO2/t of product))
  • Synthetic Biology Gains Significance in Production of Bio-Based Chemicals and Biofuels
  • Biorefineries Claim Higher Sustainability Credentials over Traditional Counterparts
  • EXHIBIT 6: Pathways Distribution for Biorefineries
  • Biorefineries face Disruption Amid the pandemic
  • Renewable Technology Advancements Spearhead Growth
  • Industrial Biotechnology for Developing Renewable Chemicals
  • Biomass: The Largest Renewable Resource
  • Industrially Useful Chemicals that are Best Synthesized from Biomass
  • Biomass-to-Chemicals Conversion: Challenges to Reckon with
  • Lignin A Fast Growing Renewable Feedstocks
  • Increasing Usage in Aromatic Fine Chemicals Production Drives Demand for Lignin
  • Renewable Chemicals and Biofuels: Essential for Securing Future Energy Needs
  • Excessive Dependence on Crude Oil: A Fundamental Growth Driver
  • EXHIBIT 7: Average Crude Oil Price (in $/barrel) for the Years 2010 through 2022
  • Ethanol Spearheads Renewable Chemicals Market Growth
  • Pandemic Impact on Ethanol Industry
  • Mixed Outlook for the US Ethanol
  • EXHIBIT 8: Corn & Ethanol Prices in US (Dec-2020, May-2021 & Dec-2021
  • EXHIBIT 9: Average Production of Fuel Ethanol in the US (in kilo barrels per day): 2020, 2021 & 2022
  • EXHIBIT 10: Average Ethanol Blending in the US (in kilo barrels per day): 2020, 2021 & 2022
  • Favorable Policies to Augment Demand in Europe
  • Biofuel Wastes: A Potential Renewable Feedstock
  • Synthesis of Acetic Acid from Bio-based Materials Gathers Momentum
  • Coatings: An Emerging Market
  • Bio-Epichlorohydrin: A Niche Renewable Chemical
  • Expanding Scope of Renewable Methanol as Alternative Fuel
  • Renewable Platform Chemicals Witness Strong Growth in Demand
  • EXHIBIT 11: Global Renewable Platform Chemicals by Type (in %) for 2022
  • Impact of COVID-19 Pandemic on Platform Chemicals Market
  • Itaconic Acid: Fully Sustainable and One of the Most Promising Platform Chemicals
  • EXHIBIT 12: Global Itaconic Acid Market Breakdown by Application (in %) for 2022
  • Succinic Acid: Renewable Chemical with Huge Market Potential
  • EXHIBIT 13: Carbon Dioxide Emissions (in Tons) Per Ton of Succinic Acid
  • Growth in Bio-Succinic Acid Market Led by Compelling Attributes
  • EXHIBIT 14: Cost Structure for Bio-Succinic Acid
  • Recent Progress on Bio-Succinic Acid Production from Lignocellulosic Biomass
  • Biosuccinic Acid Finds Application as a Chemical Building Block for Polyurethane
  • EXHIBIT 15: Succinic Acid Market by Application (in %) for 2022P
  • Spiraling Demand for Renewable Polymers Strengthens Market Prospects
  • EXHIBIT 16: Average Biomass Content in Select Renewable Polymers
  • EXHIBIT 17: Global Bioplastics & Biopolymers Market by Application (%) for 2022
  • Bioplastics and Biopolymers: The Next Step Forward to Plastics Innovation & Sustainability
  • Activity Brewing in Select Biopolymers Space
  • Mitigating Issues with Starch-based Biopolymers
  • EXHIBIT 18: Global Production Capacity of Bioplastics: Percentage Share Breakdown by Material Type for 2022
  • 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
  • Revival in Automobile Production and Tightening of Regulations to Drive Consumption
  • EXHIBIT 19: Automotive Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
  • Recap of COVID-19 Impact on the Automotive Industry in 2020
  • EXHIBIT 20: Global Automobile Production (In Million Units) for the Years 2011 - 2021
  • Revival in Automobile Production and Tightening of Regulations to Drive Consumption
  • Demand for Renewable Chemicals from Consumer Healthcare Sector Goes Up
  • EXHIBIT 21: Consumer Healthcare Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
  • Food Industry Shows Interest in Renewable Feedstock
  • EXHIBIT 22: Food & Beverage Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
  • Renewable Chemicals in Garments and Textiles
  • EXHIBIT 23: Garments & Textile Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
  • Environment Related Applications of Renewable Chemicals
  • EXHIBIT 24: Environment-Related Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
  • Construction: An Emerging End-Use Market for Renewable Materials

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Renewable Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics

CANADA


JAPAN


CHINA

EUROPE

  • Renewable Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analytics

FRANCE


GERMANY


ITALY


UNITED KINGDOM


SPAIN


RUSSIA


REST OF EUROPE


ASIA-PACIFIC


AUSTRALIA


INDIA


SOUTH KOREA


REST OF ASIA-PACIFIC


LATIN AMERICA


ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA


MIDDLE EAST


AFRICA

IV. COMPETITION

  • Total Companies Profiled: 314
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Amyris, Inc.
  • Archer Daniels Midland Company
  • Avantium Technologies
  • BASF SE
  • Braskem
  • Corbion NV
  • DuPont Tate & Lyle Bio Products Company, LLC
  • Eastman Chemicals Company
  • Elevance Renewable Sciences, Inc.
  • Enerkem, Inc.
  • Evonik Industries AG
  • Genomatica, Inc.
  • Gevo, Inc.
  • GreenField Global, Inc.
  • NatureWorks LLC
  • Novamont SpA
  • Novozymes A/S
  • PureVision Technology Inc.
  • Royal DSM NV
  • Virent, Inc.
  • Yokogawa Electric Corporation
  • Zea2 LLC
Note: Product cover images may vary from those shown