Published by Coherent Market Insights
Posted on October 1, 2021
4 min readLast updated: February 1, 2026
The Renewable Chemicals Market is projected to grow significantly, driven by eco-friendly trends and government support, reaching USD 70.3 billion by 2027.
Renewable Chemicals Market Is Estimated To Be Usd 30.0 Billion In 20214 And Is Projected To Reach Usd 70.3 Billion By 2020, At A Cagr Of 9.47%
Emerging technological breakthroughs, inclination of the populace towards eco-friendly products, and supportive government policy are fueling growth of the renewable chemicals market. Moreover, the growing demand for ethanol & methanol, green packaging materials, and consumer goods packaging materials is expected to boost the market growth during the forecast period. Abundant raw material, cheap labor cost, and increasing demand for renewable chemicals in China and India is expected to propel growth of the market for renewable chemicals. Rapid urbanization and industrialization in emerging economies of Asia Pacific is further expected to amplify demand for renewable chemicals across various end-use industries. Stringent regulation by EU on the use of fossil fuels has compelled manufacturers and researchers to focus on R&D of new technology that may replace fossil fuels.
Coherent Market Insights has published a new report titled “Renewable Chemicals Market” which provides information on industry size, share, trends, growth, cost structure, capacity, revenue, and forecast for 2027. The report also includes a strategic study of the Renewable Chemicals market and aspects affecting the growth of the same. This report comprehensively analyzes the Renewable Chemicals industry and provides data for developing strategies to increase business growth and effectiveness.
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The report discusses major problem areas in the businesses and also emphasizes the impact of Covid-19 on supply chain, production, and revenue. The report discusses disruptions and new opportunities that aid in sailing your business through the pandemic. Renewable Chemicals market report has been segmented on the basis of different categories such as product type, application, end-user, and region. Each segment is evaluated based on CAGR, share, and growth potential. In regional analysis, the report highlights potential regions that are projected to create opportunities in the Renewable Chemicals market over the next few years.
Markets by Geography:
– North America (USA, Canada and Mexico)
– Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
– Asia Pacific (China, Japan, Korea, India, Australia and Southeast Asia, etc.)
– South America Brazil, Argentina, Colombia, Chile, etc.)
– Middle East and Africa (South Africa, Egypt, Nigeria, Saudi Arabia, etc.)
Renewable chemicals, commonly known as bio-based chemicals, are obtained from various renewable sources such as organic waste products, agricultural waste, agricultural feedstock, microorganism, and biomass. Due to lower carbon constituent and environment-friendly characteristics, renewable chemicals have emerged as potential substitutes for petroleum-based chemicals. Increasing awareness and growing demand for methanol and ethanol in the pharmaceutical industry is a major factor that is expected to fuel growth of the renewable chemicals market during the forecast period. Europe is expected to hold dominant position in the renewable chemicals market, followed by North America. This is mainly attributed to inclination of the populace and industry players towards adoption of novel and technologically advanced green products. Asia Pacific is also expected to witness significant growth during the forecast period backed up by supportive government policies and low labor cost. Renewable chemicals are used in various applications such as agriculture, food & beverages packaging, and biomedical. Technology applied for manufacturing renewable chemicals from biomass includes thermo chemical conversion, enzymatic hydrolysis, dehydrative transformation, fermentation and bioconversion, production of Fischer Tropsch diesel, and acid hydrolysis.
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Finally, the Renewable Chemicals Market Report concludes with research findings, market size estimates, market share, changes in customer needs/consumer preferences, and data sources. These factors will increase the overall business.
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The post Renewable Chemicals Market 2021: In-Depth Research With Emerging Growth Trends, Regional Status Of Top Key Players, Business Strategies appeared first on Gatorledger.
The article focuses on the growth trends and market analysis of renewable chemicals, projected to reach USD 70.3 billion by 2027.
What factors are driving the growth of the renewable chemicals market?
Which regions are expected to see significant growth in the renewable chemicals market?
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