Zion Research has published a new report titled “Renewable Chemicals (Biopolymers, Ketones, Alcohols, Platform Chemicals, Organic Acids and Others) Market for Textiles, Environment, Housing, Health & Hygiene, Agriculture, Transportation, Food Safety, Communication, Recreation, Bio-Medical and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for renewable chemicals market was valued at over USD 50.0 billion in 2015 and it is expected to reach around USD 85.0 billion in 2021, growing at a CAGR of above 11% between 2016 and 2021.
Renewable resources are generally known as natural resources or environmental friendly resources. Renewable chemicals are derived using biomass as a feedstock material. Renewable chemicals can be utilized in production of formulated products, plastics and polymers. Renewable chemicals are growing in popularity among end users owing to their attributes such as eco friendly nature, abundant availability of feedstock material, etc.
Request Sample Research Report at http://www.marketresearchstore.com/report/renewable-chemicals-market-z54872#RequestSample
Increase in environmental concerns, focus on reducing harmful emissions caused by carbon and scarcity of non renewable or fossil feedstock is driving the demand for renewable chemicals market. Other factors contributing towards growth of renewable chemicals market is government initiative and funding, rising prices of petroleum products. However, higher cost of production as compared to petroleum based products, patent protected production technology, high initial investment, lack of awareness are some of the major restrains for renewable chemical market. Nevertheless, government funds for R&D for the development of cost effective production technology, introduction of new raw materials and rise in number of end user applications are likely to open new growth avenues for renewable chemicals in the near future.
Renewable chemical market is segmented on the basis of product, application and region. Biopolymers, ketones, alcohols, platform chemicals and organic acids are some of the key product segments of renewable chemicals market. Alcohols followed by organic acids are the largest segment due to robust demand from pharmaceutical industry. Biopolymers is one of the fastest growing segment owing to widespread applications and strong demand from end users. Host of applications across wide range of industries including textiles, environment, housing, health & hygiene, agriculture, transportation, food safety, communication, recreation, bio-medical and other is expected to boost the demand for renewable chemicals market.
Browse the full report with 32 Market Tables and 25 Figures spread through 110 Pages at http://www.marketresearchstore.com/report/renewable-chemicals-market-z54872
Renewable chemicals market was dominated by Europe in 2014 and remains competitive with the presence of a large number of vendors. Asia-Pacific is the fastest growing market due to rapidly growing demand for eco-friendly products and vast availability of raw materials. North America, Latin America, and Middle East & Africa are also expected to experience strong growth of renewable chemicals market in the years to come.
Some of the key players operating in global renewable chemicals market include, Mitsubishi Chemical Corporation, Corbion N.V., Myriant Corporation, BASF, Genomatica, Metabolix Inc., Braskem, NatureWorks LLC, Corbion N.V., BioMCN, DuPont Tate & Lyle Bio Products, Cobalt Technologies and BioAmber among others. Innovations, development and launch of new product, collaborations or partnerships are some of the important strategies practiced by the companies to increase their share in global market.
Directly Buy Renewable Chemicals Market Report at http://www.marketresearchstore.com/checkout?reportid=54872&reporttype=0&q=r
This report segments the renewable chemicals market as follows:
Renewable Chemicals Market: Product Segment Analysis
- Platform Chemicals
- Organic acids
Renewable Chemicals Market: Applications Segment Analysis
- Hygiene and Health
- Food safety
Renewable Chemicals Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Browse Press Release: http://www.marketresearchstore.com/news/global-renewable-chemicals-market-227
Market Research Store is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Market Research Store experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Market Research Store syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
Company Name: Market Research Store
Contact Person: Joel John
Email: Send Email
Address:3422 SW 15, Street Suit# 8138
City: Deerfield Beach
Country: United States