Home > Bulk & Specialty Chemicals > Bio-renewable Chemicals Market

Bio-renewable Chemicals Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3949

Global bio-renewable chemicals market is expected to gain remarkable traction over 2021-2027. This is due to the usage advantages of bio-based chemicals, such as low environmental footprint as compared to traditional petrochemicals, alongside the rising consumer demand for products derived from renewable resources. Furthermore, the rapid transition towards bioeconomy and renewable feedstocks to produce low-carbon alternatives for industries including chemical will also drive market outlook in the upcoming years. Bio-based chemicals or renewable chemicals refer to chemicals obtained from agricultural feedstock and waste, biomass, organic waste products, and other renewable sources. These renewable bio-based chemicals are known to have a lower carbon footprint unlike conventional petrochemicals, and have wide application scope in industries like food and beverage packaging and transportation.
 

High interest in the use of biofuels due to strict automotive vehicle emission norms, coupled with the rising deployment of bio-based polymers in the textile industry, will propel the bio-renewable chemicals market share. Brazil, for example, has increased the blending of vegetable oils with diesel to create greener fuels, which could proliferate the adoption of bio-derived chemicals for the production of biofuels. In June 2021, Fashion for Good launched its Renewable Carbon Textiles project, which includes compostability, biodegradability, and ecotoxicity testing in landfill, freshwater, soil, and marine environments to assess the biochemical properties of PHA polymers. Factors such as these could surge the demand for bio-based polymers and in turn, contribute to the overall market forecast.
 

Based on application, the bio-renewable chemicals market from the bio-solvents segment will register a strong revenue by 2027. This is a result of the surging deployment of bio-based raw materials across the paint and adhesives industries. Furthermore, the emergence of greener, environment-friendly alternatives to harmful solvents, including Cyrene, for the pharmaceutical sector is also projected to facilitate segmental growth in the years ahead.
 

Latin America bio-renewable chemicals market will account for a commendable share by 2027, owing to the rising cultivation of soybeans for bio-based products in countries like Brazil. With the growing usage of soybeans in biodiesel, the need for renewable chemicals for biological crop production will increase in the region. Likewise, the upcoming projects, including Mexico’s proposed ETS (Emissions Trading Scheme), and other GHG emission reduction missions will also stimulate bio-renewable chemicals production over the forthcoming years.
 

The competitive landscape of the global bio-renewable chemicals market consists of companies such as Gevo, LanzaTech, DuPont, BioAmber, Myriant, Solvay, BASF SE, Elevance, Solazyme, ZeaChem, and Amyris, among others. These industry players are focusing on business expansions, new product launches, and acquisitions to gain a competitive edge over rivals across the global market. For instance, in January 2021, Bemis Associates announced the launch of its bio-based Sewfree 3700 in partnership with DuPont Tate & Lyle Bio Products to reduce its carbon footprint. This new product was developed from DuPont’s bio-based Susterra® propanediol, a renewable sourced chemical that offers high performance across a range of polymer applications.

 

Decline in Agricultural Production During COVID-19 to Impact Bio-renewable Chemicals Market Trends:

The economic shock from the ongoing coronavirus pandemic has been witnessed across the industrial sectors, including agriculture, Due to the decline in consumers demand and the subsequent price reduction, agricultural production has been decreased considerably. Such disruptions have asserted a negative influence on the use of bio-agro chemicals and hindered the overall industry landscape.
 

However, the potential increase in the consumption of food thermal packaging containers due to the high prominence of the grab-and-go packaging concept during the pandemic may aid the bio-renewable chemicals industry recovery. With the rise of sustainable packaging and the shifting preference from plastic packaging to bio-based alternatives, the industry is likely to observe exponential growth in the coming years.
 

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Budget constraints? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability