Global Renewable Chemicals Market to Grow at a CAGR of 7.7% from 2013 to 2018, Predicts M&M

The "Renewable Chemicals Market - Alcohols (Ethanol, Methanol) Biopolymers (Starch, PLA, PHA, Polyethylene and Others) Platform Chemicals and Others - Global Trends and Forecasts to 2018" defines and segments the global renewable chemical market with analysis and forecasting of the global volume and revenue. Renewable chemical market will grow from an estimated $57.5 billion in 2012 to $83.4 billion by 2018, with a CAGR of 7.7% from 2013 to 2018.

The emergence of bio-feedstock and bio-based commodity polymers production, in tandem with increasing oil prices, rising consumer consciousness, and improving economics, has ushered in a new and exciting era of renewable chemical commercialization. However, factors such as economic viability, product quality/performance, and scale of operation will still play important role in determining the commercialization spectrum.

The renewable chemicals industry will witness high growth of 7.7% annually in next five years from 2013 to 2018, mainly due to continuous rise in oil prices, requirement for environmentally friendly feedstock, and low production cost of bio-based chemicals.

Among the major renewable chemicals, ethanol is the most commercialized segment. Though it has been established in U.S. and Brazil; it has ample scope of growth in the European as well as Asian developing countries like India and China. In the biopolymers segment; starch plastics holds maximum share i.e. around 48%, whereas PHA is expected to grow at highest CAGR of over 27.7% during next five years.

This report analyzes the global markets for major renewable chemicals such as alcohols, polymers, ketones, and acids; along with the major applications of renewable chemicals. This report identifies the factors driving as well as inhibiting the growth of each segment to support its analysis of market trends and forecast. The market segments are sized for major geographical markets of North America, Europe, Asia, and Rest of the World (ROW). In addition to the market size, data trends, and forecast, the report also highlights key market opportunities for the stakeholders and presents a competitive landscape analysis in which it profiles the key market developments of the top 20 companies in the renewable chemicals space.

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MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.