Chemical

According to a market report by Lucintel, the future of the renewable chemical market looks promising with opportunities in the agriculture, textile, environment, transportation, food safety, and health & hygiene sectors. The global renewable chemical market is expected to reach an estimated $120.0 billion by 2028 with a CAGR of 11% from 2023 to 2028. The major drivers for this market are increasing government regulations for environment safety, rising demand for natural and organic materials among customers, and growing use of renewable chemicals as an alternative for petroleum-based chemicals.



In this market, alcohol, organic acid, ketone, platform chemical, and biopolymer are the major segments by product type. Lucintel forecasts that alcohol will remain the largest product type segment over the forecast period due to increasing application in the industrial, pharmaceuticals, food and beverage, transportation, energy, and power sectors. 



Within this market, textile is expected to remain the largest application segment as renewable chemicals used in textiles helps in improving stock efficiency and reduces effluent generated, thus saving the environment from the adverse effect of harmful chemicals .



APAC will remain the region with the highest growth due to growing environmental concerns and extensive demand for renewable chemicals among various end use industries in countries, like China, India, and Japan.

Corbion NV, Mitsubishi Chemical, Genomatica, Natureworks, and Bioamber are the major suppliers in the global renewable chemical market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global renewable chemical market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Renewable Chemical Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global renewable chemical market by product type, application, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global renewable chemical market by product type (alcohol, organic acid, ketone, platform chemical, biopolymer, and others), application (agriculture, textiles, environment, transportation, food safety, health & hygiene, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?