NEW YORK, April 7, 2016 /PRNewsiwre/ --
This BCC Research study provides an in-depth analysis of the types and sources of renewable chemicals produced worldwide. It also analyses the technologies, applications, economics, current markets and future trends of bio based chemicals. Forecast provided through 2020.
Use this report to:
Analyze current and potential applications and technologies for renewable chemicals.
Analyze current and future market projections for renewable chemicals in each region.
Review markets and economic opportunities for current industry participants and new entrants in the field of renewable chemicals.
Gain information about the profiles of current industry players.
The global renewable chemicals market is expected to grow from $51.7 billion in 2015 to $85.6 billion by 2020, with a compound annual growth rate (CAGR) of 10.6% for the period of 2015-2020.
The alcohol market will grow from roughly $20.6 billion in 2015 to $33.5 billion by 2020 with a CAGR of 10.3% for the period of 2015-2020.
The raw materials market will grow from roughly $19.9 billion in 2015 to $30.4 billion by 2020 with a CAGR of 8.8% for the period of 2015-2020.
The chemicals production sector, including the renewable chemicals market, is gaining attention. Renewable chemicals' growth mainly reflects the strict environmental laws imposed by regulatory authorities worldwide, as well as the abundance of renewable chemicals and consumers' inclination towards using eco-friendly products as a result of behavioral changes. In view of these facts, BCC Research saw the need to present a new report on the renewable chemicals market, and present interesting findings and conclusions.
REASONS FOR DOING THE STUDY
Renewable chemicals are used in various applications across different industries such as in food processing, housing, textiles, environment, transportation, hygiene, and pharmaceuticals. They are used in the manufacture of surfactants and lubricants, consumer goods, resins, and plastics for environmental purpose.
The renewable chemicals branch is a dynamic, versatile field of the global chemical industry, in which bio-based chemicals have reached development stages that range from research level — via initial market adoption — to long-term, established performance chemicals with significant market growth.
The field of renewable chemicals is broad, meaning that available information is very diverse. This in turn makes it crucial to explain the methodology and the dynamics of the market segment. A number of factors affect the growth rate of the bio-based polymer branch, including state policy, technology, feedstock cost, competition
(biomass versus fossil fuels), crude oil prices, consumer acceptance, as well as access
to clear and reliable market data.
This report provides an overview of the renewable chemicals market in North America, South America, Europe, Asia-Pacific, Africa and the Middle East. Further, it also examines trade and investment in new products, market trends and drivers, including barriers affecting such trade and investment.
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