Renewable Chemicals Market Trends 2018 | Growth by Top Companies, Trends by Types and Application, Forecast Analysis to 2021

Renewable Chemicals Market Information By Types (Alcohols, Organic Acids, Ketones, Platform Chemicals, Polymers) & By Applications (Industrial, Transportation, Food Packaging & Beverage Bottling, Bio-Medical, Fertilizers, Agriculture, Textiles, Environment, Housing, Recreation And Health & Hygiene) - Forecast To 2021

Pune, India - July 12, 2018 /MarketersMedia/ —

The Global Renewable Chemicals Market is projected to grow considerably and generate handsome revenue over the forecast period of 2016-2021, reveals a research report by Market Research Future (MRFR). Renewable Chemicals are produced through biological reproduction or other naturally occurring processes and thus is beneficial from both economic and ecological perspective. Sustainability is the principal driving force behind the growth of the Renewable Chemicals Market. Major corporations across the globe are embracing sustainability as critical business policy and sustainability issues in the chemical industry has urged transition towards renewable chemicals and has paved the way for the advancement of Renewable Chemicals into the mainstream. Moreover, with increasing awareness regarding health and environmental concerns, there has been a surge in demand for greener components in finished products which is, in turn, expanding the role of Renewable Chemicals in consumer products. Availability of abundant raw materials for the production of Renewable Chemicals coupled with volatility in prices of conventional alternatives adds fuel to the growth of the market. Rising demand for Renewable Chemicals from the cosmetic industry is also a critical factor which is supporting the growth of the market. The cosmetic industry always aims to replace synthetic, and petrochemical ingredients with novel plant-based ingredients and renewable chemicals are largely used in the cosmetics industry which is aiding the growth of the renewable chemicals market. Renewable chemicals such as hydrocarbon can help to considerably reduce crude oil-based materials in the production of renewable solvents and bio-based plastics and also in various other industrial application. A wide range of applications of renewable chemicals amplifies the growth of the market. Additionally, stringent regulations pertaining to the use of fossil fuels and petrochemicals has also encouraged the growth of the Renewable Chemicals Market.

Get a Sample Report for Brief Overview @ https://www.marketresearchfuture.com/sample_request/1047

Renewable Chemicals find diverse application in various industry verticals such as textile, food & beverage packaging and growing use of biopolymers in food & beverage packaging industry is expected to accelerate the growth of the market over the forecast period. Despite the positive outlook, the Renewable Chemicals Market might be hindered by a number of factors. High processing cost and complicated manufacturing process of renewable chemicals are significant impediments to the market growth. Also, the high price of renewable chemicals and lack of awareness regarding the availability of such options restrict market growth. Furthermore, the efficiency of renewable chemicals as compared to conventional chemicals have not been proved yet. Lack of advanced technologies and low yield are other restraining factors. Essential development in the renewable chemicals market is the emergence of sugar-based Renewable Chemicals. Researchers and companies are looking forward to metabolizing sugars into chemical building blocks, polymers, and acids which might reflect positively on the Renewable Chemicals Market. However, rising concerns regarding food security and deforestation might hamper the growth of the market.

Segmentation

The Global Renewable Chemicals Market has been segmented based on Types and Applications. By Types, the market has been segmented into Alcohols, Organic Acids, Ketones, Platform Chemicals, Polymers, and Others. By Applications, the market has been segmented into Industrial, Transportation, Food Packaging & Beverage Bottling, Bio-Medical, Fertilizers, Agriculture, Textiles, Environment, Housing, Recreation and Health & Hygiene.

Regional Analysis

The key markets of the Global Renewable Chemicals Market include North America, Europe, Asia-Pacific and the Middle East & Africa. The markets in North America and Europe are stable due to the high adoption of novel green products in the regions. The Asia-Pacific market for Renewable Chemicals is projected to expand rapidly due to favorable government policies and the availability of cheap labor in the region. The market in the Middle East & Africa region is expected to exhibit comparatively slower growth due to the abundance of fossil fuel reserves in the region.

Competitive Landscape

The Global Renewable Chemicals Market is highly competitive with the presence of a few market players. The key players operating in the market include Archer-Daniels-Midland Company, BASF, Biomethanol Chemie Nederland, Cargill, E. I. DU PONT, Evonik industries, Amyris Inc, Bioamber, Braskem, DSM, and others.

Industry Updates

In June 2018, the US Senate passed a bill which mandates funding for energy title programs. The energy title would benefit renewable chemicals manufacturers and help rural farms, and businesses secure funds to adopt renewable energy technologies and generate economic opportunities.

In July 2018, ThyssenKrupp acquired a contract from an Australian company, Hydrogen Utility to perform a feasibility study for a new green hydrogen project. A commercial plant will be set up for the same purpose, and it will be the first ever plant to produce a carbon dioxide-free ammonia from renewable resources.

Browse Report Details @ https://www.marketresearchfuture.com/reports/renewable-chemicals-market-1047

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Savant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune
Phone: +1 646 845 9312

Source URL: https://marketersmedia.com/renewable-chemicals-market-trends-2018-growth-by-top-companies-trends-by-types-and-application-forecast-analysis-to-2021/376672

For more information, please visit https://www.marketresearchfuture.com/reports/renewable-chemicals-market-1047

Source: MarketersMedia

Release ID: 376672

More News From Daily World Web

The Latest: Official says airstrike in Afghanistan was US

Dec 10, 2018

KABUL, Afghanistan — The Latest on developments in Afghanistan (all times local): 11:10 p.m. A U.S. military spokesman in Kabul says the airstrike that reportedly struck a house in Helmand province on Tuesday night was conducted by American aircraft. Maj. Bariki Mallya said in an email exchange that the airstrike was conducted in self-defense after Taliban fighters armed with rocket-propelled grenades and heavy machine guns retreated into a compound and continued firing on Afghan government forces and their American advisers. Afghan officials said at least 30 civilians were killed in the fighting, mostly from the airstrike. Mallya declined to say...

Afghan official says at least 10 killed in Kabul attack

Dec 10, 2018

KABUL, Afghanistan — Taliban insurgents staged a coordinated attack targeting a security firm in the eastern part of the capital on Wednesday, killing at least 10 people and wounding 19 others when a suicide bomber detonated his explosives and fighters engaged security forces in a gun battle, Afghan officials said. The attack came hours after provincial officials said at least 30 civilians were killed along with 16 Taliban fighters during an overnight battle between Afghan government forces and insurgents in southern Helmand province. The attacks were the latest in a series of brutal and near-daily Taliban assaults on military and...

Gene-editing Chinese scientist kept much of his work secret

Dec 10, 2018

SHENZHEN, China — The Chinese scientist who says he helped make the world's first gene-edited babies veered off a traditional career path, keeping much of his research secret in pursuit of a larger goal — making history. He Jiankui's outsized aspirations began to take shape in 2016, the year after another team of Chinese researchers sparked global debate with the revelation that they had altered the DNA of human embryos in the lab. He soon set his mind on pushing the boundaries of medical ethics even further. The China-born, U.S.-trained scientist once confided to his former Stanford University adviser his...

China rejects US hacking claims before Trump-Xi meeting

Dec 10, 2018

BEIJING — China's government has rejected a U.S. report that accuses Beijing of stepping up efforts to steal technology ahead of a meeting between Presidents Donald Trump and Xi Jinping. The Commerce Ministry on Thursday accused Washington of destroying trade relations and rejected the U.S. Trade Representative's report as "groundless accusations." Both sides have raised tariffs on billions of dollars of each other's goods in a fight over U.S. complaints that Beijing steals or pressures companies to hand over technology. The USTR report said computer hacking attacks traced to China and aimed at stealing American technology have increased this year....

US says China hacking increasing ahead of Trump-Xi meeting

Dec 10, 2018

BEIJING — A U.S. government report ahead of a meeting between Presidents Donald Trump and Xi Jinping accuses China of stepping up hacking aimed at stealing American technology as a tariff dispute escalated. Trade Representative Robert Lighthizer's report reflects U.S. skepticism and a possible source of new acrimony ahead of the meeting in Buenos Aires aimed at defusing the dispute companies worry will chill global economic growth. The two sides have raised import duties on billions of dollars of each other's goods in the fight over U.S. complaints Beijing steals or pressures companies to hand over technology. Chinese hacking efforts...

About Us

Daily World Web took the initiative to utilize the development in cloud and AI technology to create a free, instantaneous and borderless flow of news, the way it should be.

Contact us: sales[at]dailyworldweb.com

Subscribe Now!