Global Sales Of Renewable Chemicals Predicted To Reach US$ 262.9 Billion By The End Of 2032

Chemical & Materials

The study on the Global Renewable Chemicals Market Insights published by Fact.MR is a comprehensive analysis of the key factors that are likely to determine the growth of Renewable Chemicals Market Insights in the upcoming years. Further, the study dives deep to investigate the micro and macro-economic parameters that are expected to influence the global scenario of the Renewable Chemicals Market Insights during the forecast period.

The report examines the current trends, growth opportunities, restraints, and market drivers that are projected to influence the overall dynamics of the Renewable Chemicals Market Insights in the assessment period.

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Market Segments Covered in Renewable Chemicals Market Analysis

  • By Product Type :

    • Ethanol
    • Ketones
    • Biopolymers
    • Platform Chemicals
    • Other Product Types
  • By Feedstocks :

    • Biomass
    • Corn
    • Sugarcane
    • Algae
    • Other Feedstocks
  • By End-Use :

    • Automotive
    • Medical
    • Food and Beverages
    • Petrochemicals
    • Textiles
    • Agriculture
    • Other End-Uses
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

Competitive Analysis

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. To help healthcare organizations implement data analysis solutions, combat the Covid-19 pandemic, and preserve competitive advantage in the market, the companies are focused on their alliances, technology collaborations, and product launch strategies.

Some of the recent developments of key Renewable Chemical providers are as follows:

  • In July 2020, Praj Industries introduced a new Bio-Prism portfolio that produces renewable chemicals and materials. The portfolio of Praj Industry already includes Bio-Industrial products. This new addition to the existing portfolio will further help in optimizing its revenue.
  • In April 2021, Du Pont announced that they will focus more on sustainability and try to reduce carbon footprint and improve operations, thereby generating lesser waste and higher energy efficiency.
  • In October 2021, Mitsubishi Chemical Holdings, established in Japan, seeks to invest US$ 875 Mn by 2030. The funding will be mainly utilized to install solar energy and construct a plastic business that recycles used vegetable oils. By 2050, the corporation aspires to achieve a net-zero in greenhouse gas emissions.
  • In September 2021, around 49.5% of the Vattenfall wind farm, Holland Kust Zuid was purchased by BASF SE. The wind farm has already started construction in July 2021 in the Dutch North Sea. This subsidy-free offshore wind farm is scheduled to begin its operation in 2023. This is BASF’s first huge investment in the field of renewable energy.
  • In November 2021Lummus Technology has signed an MoU with Braskem Netherlands B.V., which is a subsidiary of Braskem, the world’s largest biopolymer manufacturer. The MOU is targeted to the license of Braskem’s green ethylene technology for two of the ethanol to ethylene conversion projects in development in Asia and North America, indicating that the technology has a worldwide audience.

Similarly, recent developments related to companies’ Renewable Chemicals services have been tracked by the team at Fact.MR, which are available in the full report.

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