Global Renewable Chemicals Strategic Markets Report 2023: The market is projected to reach US$195.6 billion by 2030

DUBLIN, March 2, 2023 /PRNewswire/ — The Renewable Chemicals: Global Strategic Business Report has been added to the ResearchAndMarkets.com offering.

Reach global renewable chemicals market $195.6 billion until 2030

The global renewable chemicals market is estimated at $80.2 billion in 2022 is expected to reach a revised size of $195.6 billion to 2030, growing at a CAGR of 11.8% over the 2022-2030 analysis period.

Ethanol, one of the segments analyzed in the report, is expected to register a CAGR and reach of 11.7% $149 billion until the end of the analysis period. Taking into account the ongoing post-pandemic recovery, Ketones segment growth is adjusted to a revised CAGR of 10.4% for the next 8 years.

The US market is estimated at $26.8 billionwhile China is forecast to grow at 16% CAGR

The US Renewable Chemicals Market is estimated at $26.8 billion in 2022. Chinathe second largest economy in the world, is expected to reach a forecast market size of $18.7 billion to 2030 with a CAGR of 16% over the analysis period 2022 to 2030.

Among the other notable geographic markets are Japan And Canada, which forecast growth of 9.6% and 11% respectively over the period 2022-2030. Within Europe, Germany growth of around 12.3% CAGR is forecast. Led by countries such as Australia, IndiaAnd South Koreathe market one Asia Pacific is forecast to achieve $10.5 billion by the year 2030.

Outlook for 2023

The global economy is at a critical crossroads with a series of interlocking challenges and crises running in parallel. Uncertainty about how Russia’s war will continue Ukraine will play out this year, and the role of war in creating global instability means that the troubles on the inflation front are not over yet.

Food and fuel inflation will remain an ongoing economic problem. Higher retail inflation will impact consumer confidence and spending. As governments fight inflation by raising interest rates, job creation will slow and economic activity and growth will be hampered. Lower capital spending is imminent as companies hold back on investment and are held back by inflation concerns and weaker demand. With slower growth and high inflation, developed markets appear primed for a recession.

Fears of new COVID outbreaks and of China The already uncertain post-pandemic path poses a real risk that the world will experience more acute supply chain pain and production disruptions this year. Volatile financial markets, rising trade tensions, tighter regulatory frameworks and pressure to integrate climate change into economic decisions will add to the complexity of the challenges.

2023 is expected to be a difficult year for most markets, investors and consumers. Still, there are always opportunities for organizations and their leaders who can use resilience and adaptability to chart a path forward.

What’s new?

• special reporting Russia–Ukraine War; global inflation; Relaxation of the zero Covid policy in China and its “bumpy” reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and percentage market shares of key competitors
• Market Presence in Multiple Regions – Strong/Active/Niche/Trivial
• Interactive online peer-to-peer collaborative customized updates
• Access to digital archives and research platform
• Free updates for one year

Main topics covered:

MARKET OVERVIEW

• New economic shocks in 2022 as food and energy inflation spiral in the wake of the Russia-Ukraine war
• Supply chains are once tightening, preparing for the widening economic storm brewing from the Russia-Ukraine war
• A round-up of five key commodities that have faltered under the impact of the Russia-Ukraine war
• The Covid-19 crisis underscores the need for sustainability
• CO2 neutrality targets of different countries
• Efforts towards a circular economy are driving the focus on sustainable solutions
• Bio-based wave amidst COVID-19 aims to be a silver lining for renewable chemicals
• Players are increasing their investments in bio-based options
• Russia-Ukraine conflict sparks ‘food versus fuel’ debate around biofuels
• Insights into the influencer market
• world market developments
• competitive landscape
• Competitive market presence – strong/active/niche/trivial for players worldwide in 2022 (E)
• Renewable Chemicals: An Introduction
• Applications of renewable chemicals
• Select “Renewable chemicals and their applications”.
• Raw material options for renewable chemicals
• Key Technologies for Renewable Chemicals
• types of manufacturing processes
• Renewable Chemicals: Environmentally friendly, sustainable and clean alternatives to traditional chemicals
• Chemical Industry Transition to Green Chemicals and the Opportunities Ahead
• Sustainability commitments on the rise to benefit bio-based materials and chemicals
• Regional market analysis
• Developing countries spearheading future growth
• Current market activity
• market challenges
• Standard measurement frame: A key requirement for green investments

MARKET TRENDS & DRIVERS

• Increasing focus on green chemicals: a strong growth driver
• Annual greenhouse gas savings from bio-based chemicals (t CO2/t product))
• Synthetic biology is gaining importance in the production of bio-based chemicals and biofuels
• Biorefineries claim higher sustainability credentials over traditional counterparts
• Path distribution for biorefineries
• Biorefineries are facing disruptions amid the pandemic
• Advances in renewable technology are at the forefront of growth
• Industrial biotechnology to develop renewable chemicals
• Biomass: The largest renewable resource
• Industrially useful chemicals best synthesized from biomass
• Converting biomass to chemicals: challenges to be reckoned with
• Researchers are eyeing the conversion of renewable biomass into N-acetylglucosamine
• Lignin is a rapidly growing renewable resource
• Increasing use in the production of aromatic fine chemicals is driving demand for lignin
• Renewable Chemicals and Biofuels: Essential for securing future energy needs
• India updates biofuels directive with new changes to fast track ethanol blend target
• Overreliance on Crude Oil: A Fundamental Driver of Growth
• A world torn apart by war Russia & Ukraine fuels oil production shutdown, exacerbating global price hikes
• Ethanol leads renewable chemicals market growth
• Effects of the pandemic on the ethanol industry
• Mixed outlook for US ethanol
• Unavailability of reliable, exclusive source material: A major challenge
• Non-edible oilseeds for biofuel production
• Favorable policies to increase demand
• Biofuel Waste: A Potential Renewable Feedstock
• Synthesis of acetic acid from bio-based materials is gaining momentum
• Coatings: an emerging market
• Bio-epichlorohydrin: A renewable niche chemical
• Expanding the scope of renewable methanol as an alternative fuel
• Renewable platform chemicals are experiencing strong demand growth
• Impact of the COVID-19 Pandemic on the Platform Chemicals Market
• Itaconic Acid: Fully sustainable and one of the most promising platform chemicals
• Succinic Acid: Renewable chemical with great market potential
• Bio-succinic acid market growth led by compelling attributes
• Biosuccinic acid cost structure
• Recent advances in the production of biosuccinic acid from lignocellulosic biomass
• Biosuccinic acid is used as a chemical building block for polyurethane
• Increasing demand for renewable polymers strengthens market prospects
• Average biomass content in selected renewable polymers
• Bioplastics and biopolymers: The next step towards plastic innovation and sustainability
• Activity Brewing in Select Biopolymers Space
• Mitigating problems with starch-based biopolymers
• Global production capacity of bioplastics
• Key challenges and issues impeding the widespread adoption of renewable chemicals
• Renewable Chemicals: A Difficult Task for Producers
• market barriers
• CONSUMER APPLICATIONS INDUSTRY: A MACRO PERSPECTIVE
• Revitalizing automobile production and tightening regulations to increase consumption
• Automotive Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
• Revitalizing automobile production and tightening regulations to increase consumption
• Demand for renewable chemicals from the consumer healthcare sector is increasing
• Consumer Healthcare Applications of Renewable Chemicals: Percentage Breakdown by Application for 2022
• Food industry shows interest in renewable raw materials
• Renewable chemicals in clothing and textiles
• Environmental Applications of Renewable Chemicals
• Construction: An emerging end-use market for renewable materials

FOCUS ON SELECTED PLAYERS (total 314 in focus)

• Amyris, Inc.
• Archer Daniels Midland Company
• Avantium Technologies
• BASF SE
• braskem
• Corbion NV
• DuPont Tate & Lyle Bio Products Company, LLC
• Eastman Chemicals Company
• Elevance Renewable Sciences, Inc.
• Enerkem, Inc.
• Evonik Industries AG
• Genomatics, Inc.
• Gevo, Inc.
• Greenfield Global, Inc.
• NatureWorks LLC
• Novamont SpA
• Novozymes A/S
• PureVision Technology Inc.
• Royal DSM NV
• Virent, Inc.
• Yokogawa Electric Corporation
• Zea2 LLC

For more information about this report, visit https://www.researchandmarkets.com/r/cmgu1y

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