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

Latest News

The Latest: Trump hits the links at his Scottish golf resort

Jul 18, 2018

GLASGOW, Scotland — The Latest on President Donald Trump's visit to Scotland (all times local): 4 p.m. The top U.S. diplomat says President Donald Trump and Russia's Vladimir Putin should meet as planned on Monday despite new charges that 12 Russian intelligence officers hacked into Democratic email accounts during the 2016 U.S. presidential election. Secretary of State Mike Pompeo told journalists traveling with him that he is "confident" the meeting "will put America in a better place." Pompeo - formerly director of the CIA - added that it's "very important" that Trump and Putin meet. In his prior role at...

Archaeologists in Egypt discover mummification workshop

Jul 18, 2018

CAIRO — Archaeologists in Egypt stumbled upon a new discovery dating back to more than 2,500 years ago near Egypt's famed pyramids at an ancient necropolis south of Cairo. The discovery which includes a mummification workshop and a shaft, used as a communal burial place, is located at the vast Saqqara necropolis part of the Memphis, a UNESCO World Heritage Site. Memphis, the first capital of ancient Egypt, and its large necropolis are home to a wide range of temples and tombs as well as the three pyramids of Giza. The latest find, announced at a press conference Saturday, belongs...

Mueller probe IDs long-hidden hackers

Jul 18, 2018

PARIS — On the morning of March 19, 2016, Den Katenberg ran a little test with big stakes. The previous week, Katenberg's hacking crew had been bombarding the Hillary Clinton campaign's email accounts with fake Google warnings, trying to get her Brooklyn-based staff to panic, enter their passwords and open their digital lives to Russia's intelligence services. But the going was tough. Even when Clinton staffers clicked the malicious links Katenberg crafted, two-factor authentication — a second, failsafe password test — still kept him out of their accounts. After a day of testing on March 18, he took a different...

Long-hidden hackers unmasked by US special counsel

Jul 18, 2018

PARIS — On the morning of March 19, 2016, Den Katenberg ran a little test with big stakes. The previous week, Katenberg's hacking crew had been bombarding the Hillary Clinton campaign's email accounts with fake Google warnings, trying to get her Brooklyn-based staff to panic, enter their passwords and open their digital lives to Russia's intelligence services. But the going was tough. Even when Clinton staffers clicked the malicious links Katenberg crafted, two-factor authentication — a second, failsafe password test — still kept him out of their accounts. After a day of testing on March 18, he took a different...

Chinese find suggests human relatives left Africa earlier

Jul 18, 2018

NEW YORK — Stone tools recovered from an excavation in China suggest that our evolutionary forerunners trekked out of Africa earlier than we thought. Until now, the oldest evidence of human-like creatures outside Africa came from 1.8 million-year-old artifacts and skulls found in the Georgian town of Dmanisi. But the new find pushes that back by at least 250,000 years. "It's absolutely a new story," said archaeologist Michael Petraglia of the Max Planck Institute for the Science of Human History in Jena, Germany, who did not participate in the study. "It means that early humans were getting out of Africa...

About Us

Science Thread delivers quality and fascinating science and technology content that matters on a daily basis and makes it go viral.

Contact us: sales@sciencethread.com