Report Ocean introduces a fresh report examining the Bio-Renewable Chemicals Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Bio-Renewable Chemicals Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Bio-Renewable Chemicals Market is valued at approximately USD 2.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.6% over the forecast period 2022-2029.
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Bio-Renewable Chemicals refer to Chemicals which are created by living things and are used as chemical industry feedstock. The petroleum-based carbon feedstocks that currently power the chemical industry could be replaced with solar-powered bio-renewable compounds. The chemical business may be driven by the large variety of enzymes found in biological organisms and the potential for synthetic biology to alter these enzymes to develop novel chemical activities. A key building block for the creation of novel molecules is the polyketide biosynthetic pathway, which produces compounds made up of repeating alkyl chain units with the potential for a wide variety of functional groups at the various carbon atoms. The increasing expansion of personal care & cosmetics industry and growing awareness towards sustainability and environmental protection activities are key factors accelerating the market growth.
The growing expansion of personal care and cosmetics is contributing towards the growth of the Global Bio-Renewable Chemicals Market. For instance – according to Statista – as of 2023, the revenue in the global beauty & personal care market is estimated at USD 571.10 billion, and as per projections, the market would grow annually by 3.80% between 2023 and 2027 to reach USD 661.82 billion by end of 2027. Also, favorable government initiatives to promote the use of biochemicals and growing pollution levels worldwide would create a lucrative growth prospectus for the market over the forecast period. However, the high processing costs and complex manufacturing processes of Bio-Renewable Chemicals stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Bio-Renewable Chemicals Market study include: Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of leading market players and growing demand for biochemicals from bioplastics manufacturers in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of favorable initiatives from leading market players as well as increasing demand for bio-renewable chemicals such as glycerin, acetone from end-use industries in the region.
Major market players included in this report are:
Gevo, Inc.
Vizag Chemical
Solvay
BASF SE
Unilever PLC
ZeaChem
Cargill, Incorporated
DuPont de Nemours, Inc.
Elevance Health
Amyris.
Recent Developments in the Market:
In August 2020, Yokogawa Electric Corporation signed an investment and partnership agreement with Swiss startup Bloom Bio renewables SA (Bloom), for developing business opportunities in the bioeconomy field. The two companies would be collaborating on the commercialization of a breakthrough technology from Bloom that maximizes the extraction of lignin from plant material to replace petrochemicals in a range of chemical products.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Type
Glycerol
Lactic Acid
Succinic Acid
Acetone
Others
By Application
Packaging Food and Beverages
Personal Care and Cosmetics
Chemical Industry
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Reasons to Consider Purchasing the Bio-Renewable Chemicals Market Report:
Comprehensive Market Insights: Delve into the depths of the Bio-Renewable Chemicals Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Bio-Renewable Chemicals market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Bio-Renewable Chemicals market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Bio-Renewable Chemicals market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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