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 The Market Noise

Jailed Ukrainian filmmaker Oleg Sentsov wins EU rights award

Nov 14, 2018

BRUSSELS — The European Union on Thursday awarded its top human rights prize to Oleg Sentsov, a Ukrainian filmmaker imprisoned in Russia accused of plotting acts of terrorism, calling him a symbol of all political prisoners being held there. Sentsov was sentenced to 20 years in prison in 2015 for conspiring to commit acts of terrorism, charges he denies. He has been one of the most vocal opponents of Russia's annexation in 2014 of his native Crimea region of Ukraine. The 42-year-old director staged a hunger strike for 144 days to protest the incarceration of dozens of Ukrainians in Russia....

Apple CEO backs privacy laws, warns data being 'weaponized'

Nov 14, 2018

BRUSSELS — The head of Apple on Wednesday endorsed tough privacy laws for both Europe and the U.S. and renewed the technology giant's commitment to protecting personal data, which he warned was being "weaponized" against users. Speaking at an international conference on data privacy, Apple CEO Tim Cook applauded European Union authorities for bringing in a strict new data privacy law in May and said the iPhone maker supports a U.S. federal privacy law . Cook's speech, along with video comments from Google and Facebook top bosses, in the European Union's home base in Brussels, underscores how the U.S. tech...

Gilberto Benetton, a founder of fashion brand, dies at 77

Nov 14, 2018

MILAN — Gilberto Benetton, one of the four founding siblings of the iconic Benetton fashion brand known as much for its provocative ad campaigns as its colorful knitwear, died Monday evening at age 77, his family announced. The family said Benetton's wife, Lalla, two daughters, Barbara and Sabrina, and son-in-law Ermanno were by his side at his home in the northern city of Treviso, near where the fashion company is based. The news agency ANSA said he had suffered an undisclosed illness. . Gilberto, along with siblings Carlo, Luciano and Giuliana, founded Benetton as knitwear company in 1965, transforming it...

Italy stands firm against EU in budget dispute

Nov 14, 2018

MILAN — Italy on Monday refused to back down on its plans to ramp up public spending, keeping alive a dispute with the European Union, which is worried the budget would increase the country's high debts. Premier Giuseppe Conte defended the budget in a news conference in Rome following the noon deadline for Italy to submit its response to the EU's rebuke of the draft budget. "If today, confronted by the EU letter, I would say that we made a mistake and we re-write the maneuver, that would mean admitting that we made the wrong maneuver," Conte said. "That is...

The Latest: EU official tries to calm Italian budget dispute

Nov 14, 2018

MILAN — The Latest on Italy's spat with the European Union over its budget (all times local): 4:50 p.m. The EU's budget chief says that the European Commission won't interfere with Italy's economic policies and called for disagreements over the draft budget to be resolved in an "intelligent and serene way." Pierre Moscovici said Friday after two-days of meetings in Rome that the ball is in Italy's court now that he has delivered a letter outlining the European Commission's concerns with Italy's planned spike in spending. He said the main concerns revolve around the higher deficit, Italy's debt load and...

Sign up now!