Renewable Chemicals Market - Global Industry Insights, Trends, Outlook and Forecast 2025

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RENEWABLE CHEMICALS MARKET - GLOBAL INDUSTRY
INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY
ANALYSIS, 2017-25

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REPORT DESCRIPTION
Renewable Chemicals Market Overview
Renewable chemicals commonly known as bio-based
chemicals are obtained from various renewable
sources such as organic waste products,
agricultural waste, agricultural feedstock,
microorganism, and biomass. Due to lower carbon
constituent and environment friendly
characteristics, it has emerged as a potential
substitute for petroleum-based chemicals.
Increasing awareness and growing demand for
methanol and ethanol in the pharmaceutical
industry is a major factor expected to fuel
growth of the renewable chemicals market during
the forecast period. The renewable chemical
market is expected to be dominated by Europe,
followed by North America. This is mainly
attributed to inclination of the populace and
industry players towards adoption of novel and
technologically advanced green products. However,
on the back of supportive government policies and
low labor cost, Asia Pacific is expected to
specter enormous growth for the market during the
forecast period. Renewable chemicals have diverse
application such as agriculture, food beverages
packaging, biomedical, among others.
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REPORT DESCRIPTION
Renewable Chemicals Market Taxonomy

• On the basis of product type, the global market
  is classified into
• Bio polymer
• Alcohols
• Ketones
• Organic acids
• Others
• On the basis of applications, the global market
  is classified into
• Agriculture
• Food beverages packaging
• Bio medical
• Textiles
• Others
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REPORT DESCRIPTION
Renewable Chemicals Market Outlook Surge in
End User Demand Augmenting Market Growth
Emerging technological breakthroughs, inclination
of the populace towards eco-friendly products,
and supportive government policy are fueling
growth of the renewable chemicals market.
Moreover, the growing demand for ethanol
methanol, green packaging materials and consumer
goods packaging materials is expected to witness
tremendous growth during the forecast period.
Abundant raw material, cheap labor cost, and
increasing demand for renewable chemicals in
China and India is expected to propel growth of
the market for renewable chemicals. Moreover,
tremendously escalating urbanization and
industrialization in emerging economies of Asia
Pacific are further expected to amplify demand
for renewable chemicals across various
flourishing end-use industries. Strict regulation
by EU on the use of fossil fuels has compelled
manufacturers and researchers to innovate and
develop new technology, which can replace fossil
fuel. Request to view the table of Content
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ight/toc/262
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REPORT DESCRIPTION
Renewable Chemicals Market Challenges High
Cost for Commercialization
The renewable chemicals market is very niche,
with few numbers of players in the global market.
Moreover, increasing consumer awareness about the
environment is expected to sharply incline
towards green and eco-friendly chemicals. To
fulfill increasing demand for renewable
chemicals, commercialization of pilot project and
players have to make significant investment in
research and development to upgrade the existing
production technology and develop new products.
While the market offers highly lucrative growth
opportunities, high capital investment in
production of renewable chemicals as compared to
other conventional chemicals and polymers, is
expected to be a key challenge for market growth.
Also, the viability of renewable chemicals in
terms of matching performance of conventional
chemicals is still to be conclusively proved,
which dissuades end-use industries from adopting
these chemicals. Increasing technological
advancements and growing consumer awareness is
expected to change the tide in the near future.
Moreover, due to abundant petroleum reserves in
Middle East and Latin America, the market for
renewable chemicals in these region is expected
to experience least growth during the forecasted
period.
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