The report “Renewable Chemicals Market - Alcohols (Ethanol,
Methanol), Biopolymers (Starch Blends, Regenerated Cellulose,
PBS, Bio-PET, PLA, PHA, Bio-PE, and Others), Platform Chemicals
& Others - Global Trends & Forecast to 2020”, defines and
segments the global renewable chemical market and forecast of the
market size by volume and value. Renewable chemicals market size in
terms of value will grow from an estimated USD 49.0 Billion in 2015
to USD 84.3 Billion by 2020, with a CAGR of 11.47% between 2015
and 2020.
Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownload.asp?id=274
The drivers for renewable chemical market include abundant & low-cost feedstock,
technological innovations, consumer acceptance for eco-friendly products, and
government support for eco-friendly sources and processes. The factors hindering
the growth of the renewable chemicals market are high price when compared to the
conventional polymers and associated performance issues. However, with the
increasing research and innovation, improvement is expected in the near future. The
growth opportunities for the renewable chemicals market are increasing scope in
end-user segments, new raw materials, under penetration in the Asian countries, and
potential for cost reduction through economy of scale.
Ethanol is the most commercialized segment among all the major renewable
chemicals. The U.S. and Brazil together account for more than 80.0% of the global
ethanol production. There is ample scope of growth in Canada, Europe, and
developing nations such as China and India in the Asian region. In the bio-polymers
segment; bio-PET and bio-PE together accounts for more than 50.0% share, in terms
of volume. Bio-PET is projected to register the highest CAGR of over 20.0% (by
volume), followed by PLA during the forecast period.
The renewable chemicals market is relatively niche with less number of players
globally. In future, with the increase in demand for these chemicals, the trend is
estimated to move toward full scale commercialization from pilot scale projects.
New players will have to make significant investments in R&D and facility
development for entry into the market. However, favorable government policies
toward green & biodegradable products and EU‘s wide policy support will allow
more companies to enter into the market with increased capacities. Currently, this
market has a limited number of companies and a lot of potential. The players in the
market require high capital investments and technology knowledge. Therefore,