Product Overview

Renewable chemicals, also known as bio-based chemicals are produced from natural and bio-based raw materials. They are obtained from agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Renewable chemicals have emerged as potential substitutes for petroleum-based chemicals as they offer fewer carbon footprints and are ecofriendly. Some of the commonly used renewable chemicals include polymeric (lignin, hemicellulose, cellulose, starch, protein) and monomeric (carbohydrates, oils, plant extractives, amino acids) components. Renewable chemicals are utilized in surfactants and lubricants, consumer goods, resins, and plastics for environmental purposes. Renewable chemicals find application in various chemical industries such as housing, environment, transportation, food processing, pharmaceutical, textiles, and others.

Market Highlights

Global Renewable Chemicals Market is expected to project a notable CAGR of 11.28% in 2030.

Global Renewable Chemicals Market to surpass USD 250.37 billion by 2030 from USD 85.80 billion in 2020 at a CAGR of 11.28% throughout the forecast period, i.e., 2020-30. Global Renewable Chemicals market is estimated to grow due to the growing awareness regarding environmental safety and government support for eco-friendly sources & processes, and technological innovations. Additionally, rising demand for ethanol & methanol, green packaging materials, and consumer goods packaging materials is anticipated to boost the market growth in the coming years.

Recent Highlights in Global Renewable Chemicals Market

In April 2018, a Brazil-based petrochemical company, Braskem expanded its research and development activities of renewable chemicals in Boston, U.S. This will include material science and biotechnology R&D.

In June 2019, Genomatic, Inc., a biotechnology company, acquired selected assets of Renewable Energy Group, which is the largest supplier of biofuels in North America. It will assist Genomatic, Inc. to develop a wider range of renewable chemicals.

Global Renewable Chemicals Market: Segments

Alcohol segment to grow with the highest CAGR of during 2020-30

Global Renewable Chemicals Market is segmented by Product type into Alcohols, Ethanol, Methanol, Biopolymers, Ketones, Platform Chemicals, Organic Acids, and others. Alcohol, segment held the largest market share in the year 2019 owing to abundant availability and increasing application scope in several industries.

Food & Beverage Packaging segment to grow with the highest CAGR during 2020-30

Global Renewable Chemicals market is divided by application into Agriculture, Textiles, Environment, Transportation, Food & Beverage Packaging, Communication, Bio-Medical, and Others. Food & Beverage packaging segment held the largest market share in the year 2019 and will continue to dominate the market throughout the forecast period. High utilization of biopolymers in food and beverage packaging is projected to propel the growth of the renewable chemicals market in the coming years.

Market Dynamics

Drivers

Rising Environmental Concerns

The growing environmental concerns and safety along with government support and initiatives are encouraging the production, usage, and souring of renewable chemicals. Additionally, consumers are getting aware of the health issues and the negative impact of the chemicals on the environment which has led to rising demand for renewable chemicals. Furthermore, several technological innovations from the manufacturers are likely to stimulate market growth.

Increasing greenhouse gas emissions and rising prices of fuel

Rising greenhouse gas emissions and increasing prices of fuel linked with conventional petroleum-derived feedstocks are anticipated to boost the demand for renewable chemicals as a substitute for these products. Bio-feedstocks such as sugarcane and corn are cultivated across the globe, which makes it a potential substitute for crude oil as a feedstock in the manufacturing of chemicals.

Restraint

High Production Cost

Cost of renewable chemicals is high when compared to the conventional polymers is expected to hinder the growth of market. Furthermore, technical glitches during the process and the chances of quality or performance compromise with the traditional chemicals may hamper the market growth.

Global Renewable Chemicals Market: Key Players

Archer-Daniels-Midland Company

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Amyris Inc.

BASF SE

Bioamber Inc.

Biomethanol Chemie Nederland B.V.

Braskem

Cargill Inc.

DSM

DU Pont DE Nemours & Company

Evonik Industries AG

Genomatica Inc

Other Prominent Players

Global Renewable Chemicals Market: Regions

Global Renewable Chemicals Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.

Global Renewable Chemicals Market markets market in Asia Pacific held the largest market share in the year 2019. Asia Pacific will continue to dominate the global Renewable Chemicals market owing to abundant raw material and cheap labor costs. Rapid urbanization and industrialization in this region are further expected to proliferate the demand for renewable chemicals across various end-user industries. Stringent regulation on the use of fossil fuels has compelled manufacturers and researchers to emphasize on R&D of new technology that may replace fossil fuels and boost the demand for renewable chemicals.

Global Renewable Chemicals Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Renewable Chemicals Market report also contains analysis on:

Renewable Chemicals Market Segments:

By Product Type

Alcohols

Ethanol

Methanol

Biopolymers

Ketones

Platform Chemicals

Organic Acids

Others.

By Application

Agriculture

Textiles

Environment

Transportation

Food & Beverage Packaging

Communication

Bio-Medical

Others

Renewable Chemicals Market Dynamics

Renewable Chemicals Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Renewable Chemicals Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Renewable Chemicals Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global Renewable Chemicals Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Renewable Chemicals Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Product Type: Market Share (2019-2030F)

12.2.1. Alcohols, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Ethanol, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Methanol, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.4. Biopolymers, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.5. Ketones, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.6. Platform Chemicals, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.7. Organic Acids, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.8. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3. By Application: Market Share (2019-2030F)

12.3.1. Agriculture, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Textiles, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Environment, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.4. Transportation, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.5. Food & Beverage Packaging, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.6. Communication, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.7. Bio-Medical, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.8. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13 Company Profile

13.1. Archer-Daniels-Midland Company

13.1.1. Company Overview

13.1.2. Company Total Revenue (Financials)

13.1.3. Market Potential

13.1.4. Global Presence

13.1.5. Key Performance Indicators

13.1.6. SWOT Analysis

13.1.7. Product Launch

13.2. Amyris Inc.

13.3. BASF SE

13.4. Bioamber Inc.

13.5. Biomethanol Chemie Nederland B.V.

13.6. Braskem

13.7. Cargill Inc.

13.8. DSM

13.9. DU Pont DE Nemours & Company

13.10. Evonik Industries AG

13.11. Genomatica Inc.

13.12. Other Prominent Players

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)