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

2 men charged in Georgia officer's shooting death

Oct 21, 2018

SNELLVILLE, Ga. — Two teen-aged suspects, including one who is still being sought by police, were charged in connection with the fatal shooting of a George police officer who was killed while responding to a suspicious vehicle parked near a middle school, authorities said Sunday. Authorities said they believe 18-year-old Tafahree Maynard fatally shot Officer Antwan Toney on Saturday afternoon in the Snellville area, Gwinnett County Police said in a statement. Maynard remained at large early Sunday and should be considered armed and dangerous, police said. A second suspect, 19-year-old Isaiah Pretlow, was charged with aggravated assault related to a...

2 men charged in Georgia officer's shooting death

Oct 21, 2018

SNELLVILLE, Ga. — Two teen-aged suspects have been charged, including one man who remains on the loose, in connection with the fatal shooting of a George police officer who was killed while responding to a suspicious vehicle parked near a middle school, authorities said Sunday. Gwinnett County Police said in a statement that Isaiah Pretlow, 19, was arrested about 11:30 p.m. Saturday and charged with aggravated assault. A second suspect Tafahree Maynard, 18, has been charged with aggravated assault and felony murder but remains on the loose. Both men are suspected in the afternoon shooting near Snellville of Officer Antwan...

Detroit police find 63 fetuses in funeral home amid probe

Oct 21, 2018

DETROIT — Police removed the remains of 63 fetuses from a Detroit funeral home and regulators shuttered the business amid a widening investigation of alleged improprieties at local funeral homes. Detroit police Chief James Craig said officers found 36 fetuses in boxes and 27 others in freezers during Friday's raid at the Perry Funeral Home. He said he was "stunned" by the discovery, which came a week after the remains of 10 fetuses and one infant were discovered in a ceiling at Detroit's defunct Cantrell Funeral Home. Those remains were found after state regulators in Lansing received an anonymous letter....

Snake names honor Darwin, fire god, Louisiana professor

Oct 21, 2018

NEW ORLEANS — A Louisiana professor is in heady company, honored by having one of three newly identified species of snakes from the Galapagos Islands named after him. "They named one after Charles Darwin — that's a no-brainer — and one after the Greek god of fire, and one after me, of all people," said Robert A. Thomas , an environmental biologist and head of head of the Center for Environmental Communication at Loyola University New Orleans. The snake in question, a handsome critter with lengthwise brown and creamy yellow stripes, is called Pseudalsophis thomasi (sood-al-SO-fis TOM-uhs-eye). "I've got a...

AP FACT CHECK: Trump inflates jobs impact of Saudi arms deal

Oct 21, 2018

WASHINGTON — President Donald Trump inflated the projected benefits of an arms deal with the Saudis as he defended his wait-and-see attitude about Saudi complicity in the disappearance of a journalist whose apparent murder has sparked world outrage. On immigration enforcement, the president made the unsubstantiated claim that migrants are being paid to mass at the border and somehow disrupt the Nov. 6 elections in the United States. This claim followed his distortions in an Associated Press interview about climate change and the Russia investigation. A look at how some of his words over the past week stack up with...

The Next Daily is the new generation of online publication, serving you the most recent discoveries made in science and technology on a daily basis. At The Next Daily, we believe in the power of consistent and reliable reporting to inspire and move mankind forward.

Contact us: sales[at]thenextdaily.com