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 digitalpressnetwork.com

DFB chief regrets leaving Mesut Ozil to face racist attacks

Aug 19, 2018

BERLIN — The president of Germany's football federation wishes he had given Mesut Ozil more support against racist attacks following the controversy over the player's photo with Turkish President Recep Tayyip Erdogan. DFB president Reinhard Grindel, who previously conceded making mistakes in handling the controversy, told Sunday tabloid Bild am Sonntag that he had not sought to make Ozil the scapegoat for Germany's disappointing first-round exit from the World Cup. "In view of the racist attacks, I should have positioned myself more clearly in one or two areas and backed Mesut Ozil," Grindel said. "I should have found clear words....

Indonesian island hit by another quake, causing landslides

Aug 19, 2018

SEMBALUN, Indonesia — A strong earthquake jolted the Indonesian tourist island of Lombok on Sunday, causing landslides and damaging buildings, as the island tries to recover from a temblor earlier this month that killed hundreds of people. The U.S. Geological Survey measured the quake, which was centered in Lombok's northeast, at magnitude 6.3 with a depth of 7 kilometers (4 miles). It was felt on the neighboring island of Bali and was preceded a few minutes earlier by a magnitude 5.4 quake, also in Lombok's northeast. An Associated Press reporter on Lombok said the quake caused landslides on the slopes...

Cyprus extradites Egyptian hijacker who dropped legal fight

Aug 19, 2018

NICOSIA, Cyprus — An Egyptian man who hijacked a domestic EgyptAir flight in 2016 and ordered it to land in Cyprus has been extradited to his homeland after giving up a drawn-out legal fight, authorities said Sunday. Seif Eddin Mustafa was transferred to Egyptian custody and flown back to Egypt late Saturday, where prosecutors are investigating the incident. Cyprus Justice Minister Ionas Nicolaou told The Associated Press that Mustafa's extradition went ahead after he dropped a three-year court battle to avoid extradition. Mustafa had challenged extradition on the grounds that he could face torture or an unfair trial in Egypt....

Israeli questioning of US Jews at border expose deeper rift

Aug 19, 2018

JERUSALEM — When Simone Zimmerman arrived at the check-in window at the Israeli border with Egypt, it didn't take long for the young activist to run into trouble. Zimmerman, a Jewish American living in Israel, quickly became a person of interest after telling the border agent that she worked for an Israeli advocacy group that assists Palestinians. She says that led to a series of "super-charged" questions about her professional activities and political views. The agent wanted to know why she worked with Palestinians, not Jews, and asked for the names of Palestinian contacts in the West Bank. Agents unlocked...

Sun up early for China with 1st Asian Games gold medal

Aug 19, 2018

JAKARTA, Indonesia — Sun Peiyuan won the first gold medal awarded at the 18th Asian Games with an acrobatic victory in wushu's changquan discipline ahead of local hope Edgar Marvelo. The changquan competition started at 9 a.m. local time Sunday and was over within an hour, with Sun scoring 9.75 to claim a gold medal in the same city where he won the world title in 2015. Marvelo, who was inspired to take up wushu after watching movies starring Jet Li, Jackie Chan and Bruce Lee, gave host country Indonesia a silver at 9.72 and Tsai Tse-min of Taiwan picked...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH