The global bio-renewable chemicals market was valued for $2.4 billion in 2021 and is estimated to surpass $7.3 billion by 2031, exhibiting a CAGR of 11.6% from 2022-2031.
Bio-renewable chemicals refer to chemicals obtained from agricultural feedstock and waste, biomass, organic waste products, and other renewable sources. Some examples of bio-renewable chemicals include succinic acid, poly lactic acid, polypropylene, acetone, and others. These chemicals find application in various end use sectors including packaging, bio-plastics, food & beverages, textile, and others.
The increasing severity of diseases have surged the R&D activities in the pharmaceutical sector where bio-renewable lactic acid is widely in various pharmaceutical products for its antibacterial properties. This may act as one of the key drivers responsible for the growth of the bio-renewable chemicals market. Furthermore, rise in awareness for personal care activities have increased the demand for various personal care products where bio-renewable chemicals are used to gently exfoliate the skin. Furthermore, the use of bio-renewable lactic acid in cosmetic formulations promotes moisturizing, evacuation of dead cells and cell renewal. In addition, it also helps to soften and retain moisture in the skin and give radiance. These factors altogether may surge the utilization of bio renewable chemicals in the growing personal care sector; thus, fueling the growth of the bio-renewable chemicals market.
Moreover, industry trends are shifting toward bio-based products to reduce the dependency over conventional plastics. These factors have increased the demand for lactic acid-based bioplastics. This may surge the demand for lactic acid used as a raw material for bioplastic production; thus, creating lucrative opportunities for the bio-renewable chemicals market. However, high costs of bio-renewable chemicals as compared to other synthetic chemicals may restrain the growth of the bio-renewable chemicals market.
On the contrary, increase in global population has surged the demand for a wide range of consumer goods which in turn has surged the establishment of chemical manufacturing facilities in both developed and developed economies. The rise in awareness for eco-friendly activities coupled with sustainable development has led these chemical manufacturing facilities to shift towards using bio-based chemicals for producing a wide range of consumer goods. This factor is predicted to create remunerative opportunities for the bio-renewable chemicals market during the forecast period.
The bio-renewable chemicals market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into glycerol, lactic acid, succinic acid, acetone, and others. By application, it is classified into packaging, food & beverages, personal care & cosmetics, chemical industry, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global bio-renewable chemicals market profiles leading players that include Gevo, Inc., Vizag Chemical, Solvay, BASF SE, Unilever PLC, ZeaChem, Cargill, Incorporated, DuPont de Nemours, Inc., Elevance Health, and Amyris. The global bio-renewable chemicals market report provides an in-depth competitive analysis as well as profiles of these major players.
Bio-renewable chemicals refer to chemicals obtained from agricultural feedstock and waste, biomass, organic waste products, and other renewable sources. Some examples of bio-renewable chemicals include succinic acid, poly lactic acid, polypropylene, acetone, and others. These chemicals find application in various end use sectors including packaging, bio-plastics, food & beverages, textile, and others.
The increasing severity of diseases have surged the R&D activities in the pharmaceutical sector where bio-renewable lactic acid is widely in various pharmaceutical products for its antibacterial properties. This may act as one of the key drivers responsible for the growth of the bio-renewable chemicals market. Furthermore, rise in awareness for personal care activities have increased the demand for various personal care products where bio-renewable chemicals are used to gently exfoliate the skin. Furthermore, the use of bio-renewable lactic acid in cosmetic formulations promotes moisturizing, evacuation of dead cells and cell renewal. In addition, it also helps to soften and retain moisture in the skin and give radiance. These factors altogether may surge the utilization of bio renewable chemicals in the growing personal care sector; thus, fueling the growth of the bio-renewable chemicals market.
Moreover, industry trends are shifting toward bio-based products to reduce the dependency over conventional plastics. These factors have increased the demand for lactic acid-based bioplastics. This may surge the demand for lactic acid used as a raw material for bioplastic production; thus, creating lucrative opportunities for the bio-renewable chemicals market. However, high costs of bio-renewable chemicals as compared to other synthetic chemicals may restrain the growth of the bio-renewable chemicals market.
On the contrary, increase in global population has surged the demand for a wide range of consumer goods which in turn has surged the establishment of chemical manufacturing facilities in both developed and developed economies. The rise in awareness for eco-friendly activities coupled with sustainable development has led these chemical manufacturing facilities to shift towards using bio-based chemicals for producing a wide range of consumer goods. This factor is predicted to create remunerative opportunities for the bio-renewable chemicals market during the forecast period.
The bio-renewable chemicals market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into glycerol, lactic acid, succinic acid, acetone, and others. By application, it is classified into packaging, food & beverages, personal care & cosmetics, chemical industry, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global bio-renewable chemicals market profiles leading players that include Gevo, Inc., Vizag Chemical, Solvay, BASF SE, Unilever PLC, ZeaChem, Cargill, Incorporated, DuPont de Nemours, Inc., Elevance Health, and Amyris. The global bio-renewable chemicals market report provides an in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global bio-renewable chemicals market analysis from 2021 to 2031 to identify the prevailing global bio-renewable chemicals market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the global bio-renewable chemicals market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global bio-renewable chemicals market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Lactic Acid
- Succinic Acid
- Acetone
- Others
- Glycerol
By Application
- Packaging
- Food and Beverages
- Personal Care and Cosmetics
- Chemical Industry
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Gevo, Inc.
- Vizag Chemical
- solvay
- BASF SE
- Unilever plc
- ZeaChem
- Cargill, Incorporated
- DuPont de Nemours, Inc.
- Elevance Health
- Amyris
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. High threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Low environmental footprint as compared to petrochemicals
3.4.1.2. Rising demand for chemicals serviced from renewable resources
3.4.1.3. Rapid transition towards bioeconomy and renewable feedstocks
3.4.2. Restraints
3.4.2.1. High costs of bio-renewable chemicals
3.4.3. Opportunities
3.4.3.1. High prominence of bio-renewable chemicals among various end use sectors
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Patent Landscape
3.8. Pricing Analysis
3.9. Regulatory Guidelines
3.10. Value Chain Analysis
CHAPTER 4: GLOBAL BIO-RENEWABLE CHEMICALS MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Glycerol
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Lactic Acid
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Succinic Acid
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Acetone
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
4.6. Others
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market share analysis by country
CHAPTER 5: GLOBAL BIO-RENEWABLE CHEMICALS MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Packaging
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Food and Beverages
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Personal Care and Cosmetics
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Chemical Industry
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Others
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
CHAPTER 6: GLOBAL BIO-RENEWABLE CHEMICALS MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key trends and opportunities
6.2.2. Market size and forecast, by Type
6.2.3. Market size and forecast, by Application
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Key market trends, growth factors and opportunities
6.2.4.1.2. Market size and forecast, by Type
6.2.4.1.3. Market size and forecast, by Application
6.2.4.2. Canada
6.2.4.2.1. Key market trends, growth factors and opportunities
6.2.4.2.2. Market size and forecast, by Type
6.2.4.2.3. Market size and forecast, by Application
6.2.4.3. Mexico
6.2.4.3.1. Key market trends, growth factors and opportunities
6.2.4.3.2. Market size and forecast, by Type
6.2.4.3.3. Market size and forecast, by Application
6.3. Europe
6.3.1. Key trends and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by Application
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Key market trends, growth factors and opportunities
6.3.4.1.2. Market size and forecast, by Type
6.3.4.1.3. Market size and forecast, by Application
6.3.4.2. UK
6.3.4.2.1. Key market trends, growth factors and opportunities
6.3.4.2.2. Market size and forecast, by Type
6.3.4.2.3. Market size and forecast, by Application
6.3.4.3. France
6.3.4.3.1. Key market trends, growth factors and opportunities
6.3.4.3.2. Market size and forecast, by Type
6.3.4.3.3. Market size and forecast, by Application
6.3.4.4. Spain
6.3.4.4.1. Key market trends, growth factors and opportunities
6.3.4.4.2. Market size and forecast, by Type
6.3.4.4.3. Market size and forecast, by Application
6.3.4.5. Italy
6.3.4.5.1. Key market trends, growth factors and opportunities
6.3.4.5.2. Market size and forecast, by Type
6.3.4.5.3. Market size and forecast, by Application
6.3.4.6. Rest of Europe
6.3.4.6.1. Key market trends, growth factors and opportunities
6.3.4.6.2. Market size and forecast, by Type
6.3.4.6.3. Market size and forecast, by Application
6.4. Asia-Pacific
6.4.1. Key trends and opportunities
6.4.2. Market size and forecast, by Type
6.4.3. Market size and forecast, by Application
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Key market trends, growth factors and opportunities
6.4.4.1.2. Market size and forecast, by Type
6.4.4.1.3. Market size and forecast, by Application
6.4.4.2. India
6.4.4.2.1. Key market trends, growth factors and opportunities
6.4.4.2.2. Market size and forecast, by Type
6.4.4.2.3. Market size and forecast, by Application
6.4.4.3. Japan
6.4.4.3.1. Key market trends, growth factors and opportunities
6.4.4.3.2. Market size and forecast, by Type
6.4.4.3.3. Market size and forecast, by Application
6.4.4.4. South Korea
6.4.4.4.1. Key market trends, growth factors and opportunities
6.4.4.4.2. Market size and forecast, by Type
6.4.4.4.3. Market size and forecast, by Application
6.4.4.5. Australia
6.4.4.5.1. Key market trends, growth factors and opportunities
6.4.4.5.2. Market size and forecast, by Type
6.4.4.5.3. Market size and forecast, by Application
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Key market trends, growth factors and opportunities
6.4.4.6.2. Market size and forecast, by Type
6.4.4.6.3. Market size and forecast, by Application
6.5. LAMEA
6.5.1. Key trends and opportunities
6.5.2. Market size and forecast, by Type
6.5.3. Market size and forecast, by Application
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Key market trends, growth factors and opportunities
6.5.4.1.2. Market size and forecast, by Type
6.5.4.1.3. Market size and forecast, by Application
6.5.4.2. Saudi Arabia
6.5.4.2.1. Key market trends, growth factors and opportunities
6.5.4.2.2. Market size and forecast, by Type
6.5.4.2.3. Market size and forecast, by Application
6.5.4.3. South Africa
6.5.4.3.1. Key market trends, growth factors and opportunities
6.5.4.3.2. Market size and forecast, by Type
6.5.4.3.3. Market size and forecast, by Application
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Key market trends, growth factors and opportunities
6.5.4.4.2. Market size and forecast, by Type
6.5.4.4.3. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
8.1. Gevo, Inc.
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.1.7. Key strategic moves and developments
8.2. Vizag Chemical
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.3. DuPont de Nemours, Inc.
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.3.7. Key strategic moves and developments
8.4. solvay
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Business performance
8.4.7. Key strategic moves and developments
8.5. BASF SE
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.6. Elevance Health
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Business performance
8.7. Unilever plc
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.8. Amyris
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. Business performance
8.9. ZeaChem
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.10. Cargill, Incorporated
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. Business performance
8.10.7. Key strategic moves and developments
List of Tables
Table 01. Global Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 02. Global Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 03. Global Bio-Renewable Chemicals Market for Glycerol, by Region, 2021-2031 (Revenue, $Million)
Table 04. Global Bio-Renewable Chemicals Market for Glycerol, by Region, 2021-2031 (Volume, Kiloton)
Table 05. Global Bio-Renewable Chemicals Market for Lactic Acid, by Region, 2021-2031 (Revenue, $Million)
Table 06. Global Bio-Renewable Chemicals Market for Lactic Acid, by Region, 2021-2031 (Volume, Kiloton)
Table 07. Global Bio-Renewable Chemicals Market for Succinic Acid, by Region, 2021-2031 (Revenue, $Million)
Table 08. Global Bio-Renewable Chemicals Market for Succinic Acid, by Region, 2021-2031 (Volume, Kiloton)
Table 09. Global Bio-Renewable Chemicals Market for Acetone, by Region, 2021-2031 (Revenue, $Million)
Table 10. Global Bio-Renewable Chemicals Market for Acetone, by Region, 2021-2031 (Volume, Kiloton)
Table 11. Global Bio-Renewable Chemicals Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 12. Global Bio-Renewable Chemicals Market for Others, by Region, 2021-2031 (Volume, Kiloton)
Table 13. Global Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 14. Global Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 15. Global Bio-Renewable Chemicals Market for Packaging, by Region, 2021-2031 (Revenue, $Million)
Table 16. Global Bio-Renewable Chemicals Market for Packaging, by Region, 2021-2031 (Volume, Kiloton)
Table 17. Global Bio-Renewable Chemicals Market for Food and Beverages, by Region, 2021-2031 (Revenue, $Million)
Table 18. Global Bio-Renewable Chemicals Market for Food and Beverages, by Region, 2021-2031 (Volume, Kiloton)
Table 19. Global Bio-Renewable Chemicals Market for Personal Care and Cosmetics, by Region, 2021-2031 (Revenue, $Million)
Table 20. Global Bio-Renewable Chemicals Market for Personal Care and Cosmetics, by Region, 2021-2031 (Volume, Kiloton)
Table 21. Global Bio-Renewable Chemicals Market for Chemical Industry, by Region, 2021-2031 (Revenue, $Million)
Table 22. Global Bio-Renewable Chemicals Market for Chemical Industry, by Region, 2021-2031 (Volume, Kiloton)
Table 23. Global Bio-Renewable Chemicals Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 24. Global Bio-Renewable Chemicals Market for Others, by Region, 2021-2031 (Volume, Kiloton)
Table 25. Global Bio-Renewable Chemicals Market, by Region, 2021-2031 (Revenue, $Million)
Table 26. Global Bio-Renewable Chemicals Market, by Region, 2021-2031 (Volume, Kiloton)
Table 27. North America Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 28. North America Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 29. North America Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 30. North America Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 31. North America Global Bio-Renewable Chemicals Market, by Country, 2021-2031 (Revenue, $Million)
Table 32. North America Global Bio-Renewable Chemicals Market, by Country, 2021-2031 (Volume, Kiloton)
Table 33. U.S. Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 34. U.S. Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 35. U.S. Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 36. U.S. Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 37. Canada Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 38. Canada Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 39. Canada Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 40. Canada Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 41. Mexico Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 42. Mexico Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 43. Mexico Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 44. Mexico Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 45. Europe Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 46. Europe Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 47. Europe Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 48. Europe Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 49. Europe Global Bio-Renewable Chemicals Market, by Country, 2021-2031 (Revenue, $Million)
Table 50. Europe Global Bio-Renewable Chemicals Market, by Country, 2021-2031 (Volume, Kiloton)
Table 51. Germany Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 52. Germany Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 53. Germany Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 54. Germany Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 55. UK Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 56. UK Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 57. UK Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 58. UK Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 59. France Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 60. France Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 61. France Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 62. France Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 63. Spain Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 64. Spain Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 65. Spain Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 66. Spain Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 67. Italy Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 68. Italy Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 69. Italy Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 70. Italy Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 71. Rest of Europe Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 72. Rest of Europe Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 73. Rest of Europe Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 74. Rest of Europe Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 75. Asia-Pacific Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 76. Asia-Pacific Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 77. Asia-Pacific Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 78. Asia-Pacific Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 79. Asia-Pacific Global Bio-Renewable Chemicals Market, by Country, 2021-2031 (Revenue, $Million)
Table 80. Asia-Pacific Global Bio-Renewable Chemicals Market, by Country, 2021-2031 (Volume, Kiloton)
Table 81. China Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 82. China Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 83. China Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 84. China Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 85. India Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 86. India Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 87. India Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 88. India Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 89. Japan Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 90. Japan Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 91. Japan Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 92. Japan Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 93. South Korea Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 94. South Korea Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 95. South Korea Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 96. South Korea Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 97. Australia Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 98. Australia Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 99. Australia Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 100. Australia Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 101. Rest of Asia-Pacific Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 102. Rest of Asia-Pacific Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 103. Rest of Asia-Pacific Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 104. Rest of Asia-Pacific Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 105. LAMEA Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 106. LAMEA Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 107. LAMEA Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 108. LAMEA Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 109. LAMEA Global Bio-Renewable Chemicals Market, by Country, 2021-2031 (Revenue, $Million)
Table 110. LAMEA Global Bio-Renewable Chemicals Market, by Country, 2021-2031 (Volume, Kiloton)
Table 111. Brazil Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 112. Brazil Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 113. Brazil Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 114. Brazil Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 115. Saudi Arabia Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 116. Saudi Arabia Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 117. Saudi Arabia Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 118. Saudi Arabia Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 119. South Africa Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 120. South Africa Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 121. South Africa Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 122. South Africa Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 123. Rest of LAMEA Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Revenue, $Million)
Table 124. Rest of LAMEA Global Bio-Renewable Chemicals Market, by Type, 2021-2031 (Volume, Kiloton)
Table 125. Rest of LAMEA Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Revenue, $Million)
Table 126. Rest of LAMEA Global Bio-Renewable Chemicals Market, by Application, 2021-2031 (Volume, Kiloton)
Table 127. Gevo, Inc.: Key Executives
Table 128. Gevo, Inc.: Company Snapshot
Table 129. Gevo, Inc.: Product Segments
Table 130. Gevo, Inc.: Product Portfolio
Table 131. Gevo, Inc.: Key Stratergies
Table 132. Vizag Chemical: Key Executives
Table 133. Vizag Chemical: Company Snapshot
Table 134. Vizag Chemical: Product Segments
Table 135. Vizag Chemical: Product Portfolio
Table 136. Dupont De Nemours, Inc.: Key Executives
Table 137. Dupont De Nemours, Inc.: Company Snapshot
Table 138. Dupont De Nemours, Inc.: Product Segments
Table 139. Dupont De Nemours, Inc.: Product Portfolio
Table 140. Dupont De Nemours, Inc.: Key Stratergies
Table 141. Solvay: Key Executives
Table 142. Solvay: Company Snapshot
Table 143. Solvay: Product Segments
Table 144. Solvay: Product Portfolio
Table 145. Solvay: Key Stratergies
Table 146. Basf Se: Key Executives
Table 147. Basf Se: Company Snapshot
Table 148. Basf Se: Product Segments
Table 149. Basf Se: Product Portfolio
Table 150. Elevance Health: Key Executives
Table 151. Elevance Health: Company Snapshot
Table 152. Elevance Health: Product Segments
Table 153. Elevance Health: Product Portfolio
Table 154. Unilever plc: Key Executives
Table 155. Unilever plc: Company Snapshot
Table 156. Unilever plc: Product Segments
Table 157. Unilever plc: Product Portfolio
Table 158. Amyris: Key Executives
Table 159. Amyris: Company Snapshot
Table 160. Amyris: Product Segments
Table 161. Amyris: Product Portfolio
Table 162. Zeachem: Key Executives
Table 163. Zeachem: Company Snapshot
Table 164. Zeachem: Product Segments
Table 165. Zeachem: Product Portfolio
Table 166. Cargill, Incorporated: Key Executives
Table 167. Cargill, Incorporated: Company Snapshot
Table 168. Cargill, Incorporated: Product Segments
Table 169. Cargill, Incorporated: Product Portfolio
Table 170. Cargill, Incorporated: Key Stratergies
List of Figures
Figure 01. Global Bio-Renewable Chemicals Market, 2021-2031
Figure 02. Segmentation of Global Bio-Renewable Chemicals Market, 2021-2031
Figure 03. Top Investment Pockets in Global Bio-Renewable Chemicals Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. High Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Global Bio-Renewable Chemicals Market
Figure 10. Impact of Key Regulation: Global Bio-Renewable Chemicals Market
Figure 11. Patent Analysis by Company
Figure 12. Patent Analysis by Country
Figure 13. Pricing Analysis: Global Bio-Renewable Chemicals Market 2021 and 2031
Figure 14. Regulatory Guidelines: Global Bio-Renewable Chemicals Market
Figure 15. Value Chain Analysis: Global Bio-Renewable Chemicals Market
Figure 16. Global Bio-Renewable Chemicals Market, by Type, 2021 (%)
Figure 17. Comparative Share Analysis of Global Bio-Renewable Chemicals Market for Glycerol, by Country 2021-2031 (%)
Figure 18. Comparative Share Analysis of Global Bio-Renewable Chemicals Market for Lactic Acid, by Country 2021-2031 (%)
Figure 19. Comparative Share Analysis of Global Bio-Renewable Chemicals Market for Succinic Acid, by Country 2021-2031 (%)
Figure 20. Comparative Share Analysis of Global Bio-Renewable Chemicals Market for Acetone, by Country 2021-2031 (%)
Figure 21. Comparative Share Analysis of Global Bio-Renewable Chemicals Market for Others, by Country 2021-2031 (%)
Figure 22. Global Bio-Renewable Chemicals Market, by Application, 2021 (%)
Figure 23. Comparative Share Analysis of Global Bio-Renewable Chemicals Market for Packaging, by Country 2021-2031 (%)
Figure 24. Comparative Share Analysis of Global Bio-Renewable Chemicals Market for Food and Beverages, by Country 2021-2031 (%)
Figure 25. Comparative Share Analysis of Global Bio-Renewable Chemicals Market for Personal Care and Cosmetics, by Country 2021-2031 (%)
Figure 26. Comparative Share Analysis of Global Bio-Renewable Chemicals Market for Chemical Industry, by Country 2021-2031 (%)
Figure 27. Comparative Share Analysis of Global Bio-Renewable Chemicals Market for Others, by Country 2021-2031 (%)
Figure 28. Global Bio-Renewable Chemicals Market by Region, 2021
Figure 29. U.S. Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 30. Canada Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 31. Mexico Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 32. Germany Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 33. UK Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 34. France Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 35. Spain Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 36. Italy Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 37. Rest of Europe Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 38. China Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 39. India Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 40. Japan Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 41. South Korea Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 42. Australia Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 43. Rest of Asia-Pacific Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 44. Brazil Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 45. Saudi Arabia Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 46. South Africa Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 47. Rest of LAMEA Global Bio-Renewable Chemicals Market, 2021-2031 ($Million)
Figure 48. Top Winning Strategies, by Year
Figure 49. Top Winning Strategies, by Development
Figure 50. Top Winning Strategies, by Company
Figure 51. Product Mapping of Top 10 Players
Figure 52. Competitive Dashboard
Figure 53. Competitive Heatmap: Global Bio-Renewable Chemicals Market
Figure 54. Top Player Positioning, 2021
Figure 55. Gevo, Inc.: Net Revenue, 2019-2021 ($Million)
Figure 56. Gevo, Inc.: Revenue Share by Segment, 2021 (%)
Figure 57. Gevo, Inc.: Revenue Share by Region, 2021 (%)
Figure 58. Dupont De Nemours, Inc.: Research & Development Expenditure, 2019-2021
Figure 59. Dupont De Nemours, Inc.: Net Revenue, 2019-2021 ($Million)
Figure 60. Dupont De Nemours, Inc.: Revenue Share by Segment, 2021 (%)
Figure 61. Dupont De Nemours, Inc.: Revenue Share by Region, 2021 (%)
Figure 62. Solvay: Net Revenue, 2019-2021 ($Million)
Figure 63. Solvay: Revenue Share by Region, 2021 (%)
Figure 64. Basf Se: Net Sales, 2019-2021 ($Million)
Figure 65. Basf Se: Revenue Share by Segment, 2021 (%)
Figure 66. Basf Se: Revenue Share by Region, 2021 (%)
Figure 67. Elevance Health: Net Revenue, 2019-2021 ($Million)
Figure 68. Elevance Health: Revenue Share by Segment, 2021 (%)
Figure 69. Unilever plc: Net Sales, 2019-2021 ($Million)
Figure 70. Unilever plc: Revenue Share by Segment, 2021 (%)
Figure 71. Unilever plc: Revenue Share by Region, 2021 (%)
Figure 72. Amyris: Net Sales, 2019-2021 ($Million)
Figure 73. Amyris: Revenue Share by Region, 2021 (%)
Figure 74. Amyris: Revenue Share by Region, 2021 (%)
Figure 75. Cargill, Incorporated: Net Revenue, 2019-2021 ($Million)
Executive Summary
According to the report titled, “Global Bio-Renewable Chemicals Market," The global bio-renewable chemicals market was valued at $2.5 billion in 2021, and is estimated to reach $7.4 billion by 2031, growing at a CAGR of 11.6% from 2022 to 2031.Bio-renewable chemicals are referred as chemicals that are derived from renewable sources, including agricultural waste, agricultural feedstock, biomass, microorganisms, and organic waste products. Bio-renewable chemicals have less carbon footprint as compared to traditional petroleum-based chemicals. Some examples of commonly used bio-renewable chemicals include bio-glycerol, acetone, propanol, succinic acid, lactic acid, and others. These chemicals find application in chemical industries, packaging, building & construction, pharmaceuticals, and other end use sectors.
Increase in global population has surged the demand for a wide range of consumer goods which in turn has surged the establishment of chemical manufacturing facilities in both developed and developed economies. The rise in awareness for eco-friendly activities coupled with sustainable development has led these chemical manufacturing facilities to shift towards using bio-based chemicals for producing a wide range of consumer goods. Bio-based succinic acid finds application as a major precursor in manufacturing various chemicals such as solvents, perfumes, lacquers, plasticizer, dyes, and photographic chemicals. This may lead the bio-renewable chemicals market to witness a significant increase in demand.
Furthermore, the growing consumer concerns about sanitation and well-being has surged the demand for household and industrial cleaners where bio-based succinic acid is used in manufacturing surfactants and detergents. This may propel the growth of the bio-renewable chemicals market. Moreover, increase in demand for paints & coatings from the growing building & construction sector has led the bio-based acetone manufacturing companies to increase their production capacities. This may lead the bio-renewable chemicals market for acetone type to witness a significant growth in demand. Furthermore, bio-based acetone is gaining traction owing to the rapid price fluctuations in synthetic acetone. This has led various end use sectors such as pharmaceuticals, cosmetics & personal care, and others to become more attracted towards using bio-based acetone; thus, fueling the demand for bio-renewable chemicals for acetone type.
However, the overall price of bio-renewable chemicals depends upon factors such as costs of feedstock, energy requirements, and marketability of products. These factors have made bio-renewable chemicals expensive as compared to synthetic chemicals. Furthermore, high processing costs and complex manufacturing processes leads to an increase in the overall prices of bio-renewable chemicals. Also, the manufacturing of bio-renewable chemicals requires big machinery and skilled workforce. These factors directly influence the price of bio-renewable chemicals and make them costlier. Moreover, when compared to synthetic counterparts, some bio-renewable chemicals have proved to be exceedingly expensive. This factor may restrain the growth of the bio-renewable chemicals during the forecast period.
On the contrary, factors such as preservation of the environment, health benefits, and ethical aspects of the production process have surged the popularity of environment friendly products. Furthermore, the increasing regulatory pressure imposed by several environment protection agencies such as the United States Environmental Protection Agency (U.S.EPA), Central Pollution Control Board (CPCB), European Union (EU), and others have led the chemical manufacturers to make rapid transition towards using renewable resources-based raw materials. Bio-renewable chemicals being an environmentally-friendly product poses less threat to environment. Moreover, the production and trading of bio-renewable chemicals is duty free in many countries. Furthermore, setting up of Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers on a plug and play basis. These events have promoted the use of bio renewable chemicals for developing and manufacturing a wide range of renewable chemicals; thus, boosting the growth of the bio-renewable chemicals market These factors have surged the popularity of bio-renewable chemicals in various end use sectors; thus, creating lucrative opportunities for the market.
The bio-renewable chemicals market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into glycerol, lactic acid, succinic acid, acetone, and others. By application, it is classified into packaging, food & beverages, personal care & cosmetics, chemical industry, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Gevo, Inc., Vizag Chemical, Solvay, BASF SE, Unilever PLC, ZeaChem, Cargill, Incorporated, DuPont de Nemours, Inc., Elevance Health, and Amyris.
The global bio-renewable chemicals market report provides in-depth competitive analysis as well as profiles of these major players. In addition, the report also includes key strategies such as acquisition, agreement, product development, merger, collaboration, partnership, and business expansion adopted by the major players in bio-renewable chemicals market to sustain the intense competition.
Key market Insights
- By type, the succinic acid segment is the fastest-growing segment, registering a CAGR of 12.0% from 2022 to 2031.
- By application, the chemical industry application segment is the fastest growing segment, registering a CAGR of 12.0% from 2022 to 2031.
- By region, Asia-Pacific registered the highest share of 35.2% in 2021, in terms of revenue, growing at a CAGR of 12.2% during the forecast period.
Companies Mentioned
- Gevo, Inc.
- Vizag Chemical
- solvay
- BASF SE
- Unilever plc
- ZeaChem
- Cargill, Incorporated
- DuPont de Nemours, Inc.
- Elevance Health
- Amyris
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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