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Renewable Chemicals - Global Market Trajectory & Analytics

  • ID: 1946793
  • Report
  • May 2021
  • Region: Global
  • 795 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Amyris, Inc.
  • Braskem
  • Eastman Chemicals Company
  • Genomatica, Inc.
  • LanzaTech, Inc.
  • Novozymes A/S

Global Renewable Chemicals Market to Reach US$87.8 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Renewable Chemicals estimated at US$60.3 Billion in the year 2020, is projected to reach a revised size of US$87.8 Billion by 2027, growing at a CAGR of 5.5% over the analysis period 2020-2027.Ethanol, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$72.3 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 4.9% CAGR for the next 7-year period. This segment currently accounts for a 3% share of the global Renewable Chemicals market.



The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 9.1% CAGR for the Period of 2020-2027


The Renewable Chemicals market in the U.S. is estimated at US$16.3 Billion in the year 2020. The country currently accounts for a 26.95% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$19.1 Billion in the year 2027 trailing a CAGR of 9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR while Rest of European market (as defined in the study) will reach US$19.1 Billion by the year 2027.

Bio Polymers Segment Corners a 2% Share in 2020


In the global Bio Polymers segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$910.5 Million in the year 2020 will reach a projected size of US$1.4 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$12 Billion by the year 2027, while Latin America will expand at a 6.9% CAGR through the analysis period.

Select Competitors (Total 86 Featured) -

  • Amyris, Inc.
  • Archer Daniels Midland Company
  • Avantium Technologies
  • BASF SE
  • Braskem
  • Cargill Incorporated
  • 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.
  • LanzaTech, Inc.
  • NatureWorks LLC
  • Novamont SpA
  • Novozymes A/S
  • PureVision Technology Inc.
  • Royal DSM NV
  • Virent, Inc.
  • Zea2 Boardman Bioworks
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 $60.3 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 5.5%, with an estimated value of $87.8 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 $87.8 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.
  • Braskem
  • Eastman Chemicals Company
  • Genomatica, Inc.
  • LanzaTech, Inc.
  • Novozymes A/S
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 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
  • Exhibit 1: Global Production Capacity of Select Bio-based Chemicals (in kt)
  • Exhibit 2: Production Capacity of Select Bio-based Products in the EU (kt/a)
  • Renewable Chemicals Market Fortunes Tied to the Health of Global Economy
  • Exhibit 3: 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
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
  • Exhibit 4: 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
  • Exhibit 5: 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
  • Exhibit 6: Shale Gas Resources of Top 10 Countries Worldwide: 2019
  • Renewable Platform Chemicals Witness Robust Growth in Demand
  • Exhibit 7: Global Renewable Platform Chemicals by Type (in %) for 2019
  • Itaconic Acid: Fully Sustainable and One of the Most Promising Platform Chemicals
  • Exhibit 8: Global Itaconic Acid Market Breakdown by Application (in %) for 2019
  • Succinic Acid: Renewable Chemical with Huge Market Potential
  • Exhibit 9: Carbon Dioxide Emissions (in Tons) Per Ton of Succinic Acid
  • Bio-Succinic Acid: Facilitating Commoditization of Renewables
  • Exhibit 10: Cost Structure for Bio-Succinic Acid
  • Biosuccinic Acid Finds Application as a Chemical Building Block for Polyurethane
  • Exhibit 11: 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
  • Exhibit 12: Average Biomass Content in Select Renewable Polymers
  • Exhibit 13: Global Production Capacity of Bio-based Polymers: Breakdown (in %) by Region for 2019
  • Exhibit 14: 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
  • Exhibit 15: 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
  • Exhibit 16: 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
  • Exhibit 17: 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
  • Exhibit 18: Consumer Healthcare Applications of Renewable Chemicals: Percentage Breakdown by Application for 2019
  • Food Industry Shows Interest in Renewable Feedstock
  • Exhibit 19: Food & Beverage Applications of Renewable Chemicals: Percentage Breakdown by Application for 2019
  • Renewable Chemicals Gain Acceptance in Industrial/Manufacturing Sector
  • Exhibit 20: Industrial Applications of Renewable Chemicals: Percentage Breakdown by Application for 2019
  • Renewable Chemicals in Garments and Textiles
  • Exhibit 21: Garments & Textile Applications of Renewable Chemicals: Percentage Breakdown by Application for 2019
  • Environment Related Applications of Renewable Chemicals
  • Exhibit 22: 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

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
  • Exhibit 23: Ethanol Production Capacity in the US by State (in Million Gallons per Year)
  • US: One of the Leading Producers of Cellulosic Ethanol
  • Exhibit 24: 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
CANADA

JAPAN

CHINA
  • Demand for Green Products Drives Market Growth
  • Tight Maize Supply: A Road Block for Renewable Chemicals Market Growth
  • Exhibit 25: Chinese Maize Production in Million Tons for the Years 2016-17 to 2019/20
EUROPE
  • Market Overview
  • Renewable Ethanol: Renewable Energy Targets Fuel Demand in the EU
  • Exhibit 26: Renewable Ethanol Production in Europe by Feedstock (in %) for 2018
  • Exhibit 27: Renewable Ethanol Production Capacity (in Million Liters) in Select European Countries
  • Exhibit 28: Renewable Ethanol Production Share Breakdown by End-Use (2018)
FRANCE

GERMANY
  • Market Overview
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
SPAIN

RUSSIA

REST OF EUROPE

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

INDIA
  • Market Overview
  • Biofuels Find Increased Acceptance
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
  • Exhibit 29: Cellulose Ether Usage in South Africa by End-Use Industry (in %) for 2019
IV. COMPETITION
  • Total Companies Profiled: 86
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
  • Cargill Incorporated
  • 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.
  • LanzaTech, Inc.
  • NatureWorks LLC
  • Novamont SpA
  • Novozymes A/S
  • PureVision Technology Inc.
  • Royal DSM NV
  • Virent, Inc.
  • Zea2 Boardman Bioworks
Note: Product cover images may vary from those shown
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