Posted in | News | Green Products

Global Renewable Chemicals Market Forecast to Grow at 7.7% CAGR to Reach $83.4 Billion by 2018

Reviewed

Oct 15 2013

Research and Markets has announced the addition of the "Renewable Chemicals Market - Global Trends & Forecasts to 2018" report to their offering.

The renewable chemicals market is estimated to reach $83.4 billion by 2018 with a CARG of 7.7%. While alcohols currently form the largest segment of the renewable chemicals market, the polymers segment holds the maximum growth potential at an expected CAGR of 14.3% from 2013 to 2018.

The global renewable chemicals industry has experienced a higher growth trajectory in the last five years. This growth is largely fueled by the increased concerns over greenhouse gas emissions. Some of the major drivers of the industry identified in this report are abundant and low cost feedstock, consumer acceptance of eco-friendly products, government's support and technological innovations. The major restraints identified in this report are cost and production issues along with the trade-off with the vital resources. There are some opportunities that can change the dynamics of this industry, such as improved yields, new generation feed-stocks, and collaboration with the universities.

The global renewable chemicals market is estimated to reach $83.4 billion by 2018 from $57 billion in 2013, at a CAGR of 7.7% from 2013 to 2018. The biopolymer market is expected to have the highest CAGR of 14.3% due to higher demand for eco-friendly products. Sales of biopolymers is expected to boost its market from $2.4 billion in 2013 to $ 4.8 billion by 2018. Starch plastic remains the leader in the biopolymers segment with 47.8% market share in 2012, while PHA is expected to have the highest CAGR of over 27.7% during the next five years.

In the bioethanol market, the U.S. is the leading consumer. In Asia, China is leading the market with a share of 75% in 2012, while India is expected to be the fastest growing market in the next five years with a CAGR of 20.4%.

The market has limited players for each product, thus competition is also limited in this niche market. Some of the key players in this field are U.S. based Cargill, DuPont, Metabolix, Inc, Genencor International, Inc., Novozymes (Denmark), Germany based BASF, DSM (The Netherland). Partnership and expansion are a few of the most popular strategies being deployed by the market players in this segment to gain a competitive edge and also to build upon their market presence by knowledge and resource sharing.

Key Topics Covered

1 Introduction

2 Executive Summary

3 Market Overview

4 Renewable Chemicals, By Product Types

5 Platform Chemicals

6 Renewable Chemicals Market, By Applications

7 Renewable Chemicals Market, By Geography

8 Catalysis & Technologies

9 Coconut & Palm Oil

10 C11 Polyamides & Derivatives

11 Methyl Ester