Renewable Chemicals Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[220+ Pages Report] According to the report published by Facts Factors, the global renewable chemicals market size was valued around USD 130 billion in 2022 and is expected to grow around USD 280 billion by 2030 with a compound annual growth rate (CAGR) of approximately 11.58% between 2023 and 2030. The report analyzes the global renewable chemicals market drivers, restraints/challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the renewable chemicals market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the renewable chemicals industry. The report analyzes and declares the historical and current trends analysis of the renewable chemicals industry and subsequently recommends the projected trends anticipated to be observed in the renewable chemicals market during the upcoming years.

The renewable chemicals market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire renewable chemicals market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2020 – 2030.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the renewable chemicals industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the renewable chemicals industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the renewable chemicals market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the renewable chemicals industry. The renewable chemicals market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the renewable chemicals sector. Key strategic developments in the renewable chemicals market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the renewable chemicals market are appropriately highlighted in the report.

An increase in environmental concerns focuses on reducing harmful emissions caused by carbon and scarcity of nonrenewable or fossil feedstock is driving the demand for renewable chemicals market. Other factors contributing to the growth of the renewable chemicals market is government initiative and funding, rising prices of petroleum products.

However, higher cost of production as compared to petroleum-based products, patent-protected production technology, high initial investment, lack of awareness are some of the major restrains for the renewable chemical market. Nevertheless, government funds for R&D for the development of cost-effective production technology, the introduction of new raw materials, and the rise in the number of end-user applications are likely to open new growth avenues for renewable chemicals in the near future.

The renewable chemicals market research report delivers an acute valuation and taxonomy of the renewable chemicals industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

The regional segmentation of the renewable chemicals industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the renewable chemicals industry is provided for the leading economies of the world.

Report Scope

The renewable chemicals market is segmented based on product and application. On the basis of product segmentation, the market is classified into Biopolymers, Ketones, Alcohols, Platform Chemicals, Organic Acids, and Others. In terms of Application segmentation, the market is bifurcated into Textiles, Environment, Housing, Health & Hygiene, agriculture, Transportation, Food safety, Communication, Recreation, Bio-Medical, and Others.

Some of the essential players operating in the renewable chemicals market, but not restricted to include

• Corbion N.V.
•  BASF
•  Metabolix Inc.
•  NatureWorks LLC
•  BioAmber
•  BioMCN
•  Cobalt Technologies
•  Mitsubishi Chemical Corporation
•  Myriant Corporation
•  Genomatica
•  Braskem
•  DuPont Tate & Lyle Bio Products

The taxonomy of the renewable chemicals industry by its scope and segmentation is as follows:

 By Product Segmentation Analysis

• Biopolymers
• Ketones
• Alcohols
• Platform Chemicals
• Organic acids
• Others

By Application Segmentation Analysis

• Textiles
• Environment
• Housing
• Hygiene and Health 
• Agriculture
• Transportation
• Food safety
• Communication
• Recreation
• Bio-Medical
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa