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Renewable Chemicals - Global Market Trajectory & Analytics

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    Report

  • 1128 Pages
  • May 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1946793

FEATURED COMPANIES

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

Global Renewable Chemicals Market to Reach $125.7 Billion by 2025


Renewable chemicals are chemicals produced from renewable feedstocks such as crop waste, animal waste, forestry waste, municipal waste, household waste, horticultural waste, and agricultural waste. Bio feedstocks such as starch, cellulose, oil, fat, protein and lignin are used for manufacturing renewable chemicals. Biochemical, physical and chemical processes are used for converting renewable resources such as starch from potatoes and cereals, cellulose from wood and straw, and oils from oilseed crops, into specialty chemicals, surfactants, solvents, lubricants and polymers. Amid the COVID-19 crisis, Global Renewable Chemicals market is projected reach US$125.7 Billion by 2025, registering a compounded annual growth rate (CAGR) of 10.4% over the analysis period. Europe represents the largest regional market for Renewable Chemicals, accounting for an estimated 33.0% share of the global total. The market is projected to reach US$38.5 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 14.2% over the analysis period.

With increasing commercial as well as scientific interest in developing chemicals from renewable feedstock, efforts are underway to develop new and innovative technologies and platforms for converting green carbon feedstock into bio-based chemicals, which are used as intermediate and platform chemicals in the production of other chemicals and as base chemicals in several industrial manufacturing processes. Advancements in industrial biotechnology enable renewable polymers and bio-based chemicals to be competitive with petroleum-based polymers in terms of performance, cost, and other additional benefits such as ability to reduce greenhouse gas (GHG) emissions. In addition, renewable chemicals assist the chemical industry in garnering economic benefits and move away from price volatility associated with crude oil used in the production of traditional, petroleum-based chemicals.
Product quality, scale of operation, product performance and economic viability play a significant role in shaping the commercialization spectrum of the market. Renewable chemicals are growing in popularity worldwide as a result of rapidly depleting conventional fuel resources, spiraling fuel/petroleum prices, increasing customer demand for eco-friendly products, increasing focus on environmental pollution and stringent emission norms/environmental regulations. Other factors responsible for driving interest in renewable chemicals are abundance of biomass and renewable feedstock, increasing government focus on reducing dependence on foreign oil and achieving self-sufficiency, international pressure to reduce greenhouse gas emissions and carbon footprint, and the desire to reduce dependency on non-renewable petroleum products through renewable sourcing. Volatile petroleum product prices, and lack of supply security due to unstable political environment in leading oil producing nations are also contributing to the increasing popularity of renewable chemicals, worldwide.

Europe and North America represent the leading regional market for renewable chemicals, with regional growth being driven by the growing inclination of industry participants and general population for adopting technologically advanced green products. Europe represents the largest regional market for renewable chemicals, with growth driven by rising consumer concerns about greenhouse gas emissions and subsequent rise in demand for eco-friendly products, rising governmental support for renewable chemicals, abundant biomass, low costs of feedstock, and technological innovations. In addition, new generation feedstocks, improved yields, and collaboration with universities also provide market opportunities for manufacturers in the renewable chemicals market in Europe. In North America, the adoption of stringent regulations pertaining to the use of traditional chemicals is driving the shift towards renewable chemicals. Growth is being fueled by the rising environmental awareness and increased focus on reducing greenhouse gas emissions and subsequent mandatory regulations, government support, and tax incentives for biobased products.

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 digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

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

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • Year 2021 in Review and Near Term Outlook
  • EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
  • Fresh Economic Shocks in 2022 as Food & Energy Inflation Spirals on the Back of the Russia-Ukraine War
  • Supply Chains Tighten Once Gain, Bracing for the Widening Economic Storm Being Brewed by the Russia-Ukraine War
  • A Recap of Five Key Commodities Reeling Under the Impact of the Russia-Ukraine War
  • 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
  • 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
  • Russia-Ukraine Conflict Reignites ‘Food versus Fuel’ Debate Surrounding Biofuels
  • Competitive Landscape
  • EXHIBIT 3: Renewable Chemicals - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 314 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 4: 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 5: 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
  • Researchers Eye on Conversion of Renewable Biomass to N-Acetylglucosamine
  • 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
  • India Updates Biofuel Policy with New Amendments to Fast-Track Ethanol Blending Goal
  • Excessive Dependence on Crude Oil: A Fundamental Growth Driver
  • EXHIBIT 6: A World Divided Over the War in Russia & Ukraine Fuels Oil Production Stand-Off, Aggravating Global Price Rise: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
  • Ethanol Spearheads Renewable Chemicals Market Growth
  • Pandemic Impact on Ethanol Industry
  • Mixed Outlook for the US Ethanol
  • EXHIBIT 7: Corn & Ethanol Prices in US (Dec-2020, May-2021 & Dec-2021
  • EXHIBIT 8: Average Production of Fuel Ethanol in the US (in kilo barrels per day): 2020, 2021 & 2022
  • EXHIBIT 9: Average Ethanol Blending in the US (in kilo barrels per day): 2020, 2021 & 2022
  • Unavailability of Reliable, Exclusive Feedstock: A Major Challenge
  • Non-Edible Oilseed Crops for Biofuel Production
  • Favorable Policies to Augment Demand
  • 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 10: 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 11: Global Itaconic Acid Market Breakdown by Application (in %) for 2022
  • Succinic Acid: Renewable Chemical with Huge Market Potential
  • EXHIBIT 12: Carbon Dioxide Emissions (in Tons) Per Ton of Succinic Acid
  • Growth in Bio-Succinic Acid Market Led by Compelling Attributes
  • EXHIBIT 13: 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 14: Succinic Acid Market by Application (in %) for 2022P
  • Spiraling Demand for Renewable Polymers Strengthens Market Prospects
  • EXHIBIT 15: Average Biomass Content in Select Renewable Polymers
  • EXHIBIT 16: 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 17: 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 18: Automotive Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
  • Recap of COVID-19 Impact on the Automotive Industry in 2020
  • EXHIBIT 19: 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 20: Consumer Healthcare Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
  • Food Industry Shows Interest in Renewable Feedstock
  • EXHIBIT 21: Food & Beverage Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
  • Renewable Chemicals in Garments and Textiles
  • EXHIBIT 22: Garments & Textile Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
  • Environment Related Applications of Renewable Chemicals
  • EXHIBIT 23: Environment-Related Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
  • Construction: An Emerging End-Use Market for Renewable Materials
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Renewable Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics
CANADAJAPANCHINA
EUROPE
  • Renewable Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analytics
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEASIA-PACIFICAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICA
IV. COMPETITION
  • Total Companies Profiled: 314

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