Renewable chemicals, usually known as bio-based chemicals, are obtained from numerous renewable sources such as organic waste products, agricultural left-over, agricultural feedstock, micro-organisms, and bio-mass. The bio-renewable chemical is a notion of “green chemistry”, which uses natural renewable sources of power to generate specific chemicals. These days, firms and governments around the world are stressing on ecologically pleasant dealing. In addition to that, a shortage of non-renewable reserves also appeals to shareholders towards the bio-renewable chemicals market. The rise in demand for fossil fuels leads to a rise in the price of fuel-related goods and so, to reduce this dependence, the demand for bio-renewable chemicals is rising. The global market for bio-renewable chemicals is hindered due to the absence or shortage of raw materials used in the manufacturing of renewable chemicals.

Market Highlights

The global bio-renewable chemicals market is anticipated to exceed USD XXXX million by 2030 from USD XXXX million in 2019 at a CAGR of about xx% during the forecast period, i.e. 2020-2030. The global bio-renewable chemicals market is expected to grow based on the rising demand for alcohol (ethanol and methanol), green wrapping supplies, and consumer product packing materials. For every chemical, there are limited players in the market and they do not create any threat for each other. The demand for these commodities is high with roughly all production capacities being disbursed. The market is at an emerging stage and the firms are yet to stabilize their production. Thus the level of competition in the market is low.

Evolving technological innovations, the inclination of the population towards environment-friendly products, and supportive government policies are driving the growth of the renewable chemicals market. Plentiful raw materials, cheap labor cost, and rising demand for renewable chemicals in India and China are expected to boost up the growth of the market for renewable chemicals. Rapid urbanization and industrialization in evolving markets of Asia Pacific (APAC) is further anticipated to boost up the demand for renewable chemicals throughout the end-use productions.

Global Bio-renewable Chemicals Market Opportunity Analysis

Source: Fatpos Global

Global Bio-renewable Chemicals Market: Segments

The Ethanol segment to surge with the highest CAGR of xx% during 2020-2030

The global bio-renewable chemicals market is segmented by product type into alcohol (ethanol and methanol), organic acids (succinic acid, lactic acid), bio-polymers (starch blends, regenerated cellulose, PBS, bio-PET, PLA, PHA), glycerin, and others (bio-based, 3-PDO, ECH and 4-BDO). Among these, glycerin was the largest segment holding xx% of the total market share in 2019 and is expected to display a similar trend in the coming years. Glycerin is mostly used in the manufacture of bio-polymers, biofuels, and other chemical products. Lactic acid is likely to be the next leading product segment throughout the forecast period. Anthocyanin is the most preferred product in the food & beverage industries because it displays good heat, ph.

By Product Type (in %), Global Bio-renewable Chemicals Market, 2019

Source: Fatpos Global

The bio-plastic segment to grow with the highest CAGR of xx% during 2020-2030

The global bio-renewable chemicals market is segmented by applications into transportation, textiles, food safety, environment, communication, housing, recreation, health & hygiene, bio-medical, agriculture, and others. Among these, bio-plastic shall generate maximum revenue during the forecast period. The rising demand for ecological packing around the globe is likely to boost its growth. Besides, the strict policies mainly in U.S and Europe concerning the use of sustainable wrapping are likely to surge the demand for bioplastics.

By Application Type (in %), Global Bio-renewable Chemicals Market, 2019

Source: Fatpos Global

An industrial segment to grow with the fastest CAGR of xx% during 2020-2030

The global bio-renewable chemicals market is segmented by end-users into industrial and domestic cleaners, paints and coatings, pharmaceuticals, and personal care products. Among these, the industrial segment is estimated to hold the maximum number of shares of xx% in 2019. Bio-chemicals are used in these industries for applications such as bio-plastics, bio-cleaners, and detergents. Bio-plastics are mainly utilized in packaging as they emit fewer greenhouse gases (GHGs). Thus, the demand for bioplastics is on a surge.

By End-Users Type (in %), Global Bio-renewable Chemicals Market, 2019

Source: Fatpos Global

Global Bio-Renewable Chemicals Market: Drivers and Restraints

The surge in End-user Demand Augmenting Growth

Emerging technological innovations, people’s inclination towards eco-friendly goods, and supportive government policies are driving growth in the demand for renewable chemicals. In addition, rising demand for ethanol & methanol, green packaging materials, and consumer goods packaging materials is expected to boost market growth during the forecast period.

High Cost for Commercialization

The market for renewable chemicals is very niche, with few players in the global market. It is expected that rising consumer awareness of the environment will increase the adoption of green and eco-friendly chemicals. In order to meet the growing demand for renewable chemicals, pilot projects need to be commercialized and players need to make significant investments in research and development in order to upgrade the ongoing production technology and develop new products. While the market offers highly lucrative growth opportunities, high capital investment in the production of renewable chemicals compared to other conventional chemicals and polymers is expected to be a key challenge for market growth.

Global Bio-Renewable Chemicals Market: Regions

North America projected to be the fastest-growing region during 2020-2030

The bio-renewable chemicals market is segmented by region into North America, Latin America, Europe, and APAC. North America is considered to be the fastest-growing and the largest region in terms of producing and consuming bio-renewable chemicals, respectively, due to the rise in the government’s initiatives on consuming renewable chemicals. Several countries in Europe and the Middle East are also emphasizing environmental issues and enactment of related ecological guidelines on chemical production.

By Region Type (in %), Global Bio-renewable Chemicals Market, 2019

Source: Fatpos Global

The global bio-renewable chemicals market is further classified by region into:

North America Market Size, Shares, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Shares, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Shares, Trends, Opportunities, Y-o-Y Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Shares, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Global Bio-renewable Chemicals Market: Key Players

List of top key players in the global bio-renewable chemicals market are:

Evonik Industries

Company Overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Developments

Regional Presence

SWOT Analysis

Solazyme

Myriant

Elevance Renewable Sciences

Du Point Biosciences (Genencor)

Lanza Tech

Amyris

Zea Chem

Gevo

BASF

The global bio-renewable chemicals market report also presents an analysis on:

Bio-renewable Chemicals Market Segments

By Product Type

Alcohol

Ethanol

Methanol

Organic Acids

Succinic

Lactic

Bio-polymers

Starch Blends

Regenerated Cellulose

PBS

Bio-PET

PLA

PHA

Glycerin

Others

Bio-based

3-PDO

ECH

4-BDO

By Applications

Transportation

Textiles

Food safety

Environment

Communication

Housing

Recreation

Health & Hygiene

Bio-Medical

Agriculture

Other Applications

By End-users

Industrial & Domestic Cleaners

Paints & Coatings

Pharmaceuticals

Personal Care Products

By Region

North America

Latin America

Europe

APAC

Bio-renewable Chemicals Market Dynamics

Bio-renewable Chemicals Market Size

Demand & Supply

Current Trends/Issues/Challenges

Competition and Companies involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on Global Bio-renewable Chemicals Market

Which segment is expected to hold the largest market share

At what CAGR is the market anticipated to grow during 2020-2030

Who are the key players in the global bio-renewable chemicals market

What could be the prompting factors for the growth of the global bio-renewable chemicals market

What are the growth drivers for the global bio-renewable chemicals market

Contents

1. Executive Summary

2. Bio-Renewable Chemicals

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Market Dynamics

5.1. Growth Drivers

5.2. Restraints

5.3. Opportunity

5.4. Trends

6. Recent Development, Policies & Regulatory Landscape

7. Risk Analysis

7.1. Demand Risk Analysis

7.2. Supply Risk Analysis

8. Bio-Renewable Chemicals Industry Analysis

8.1. Porters Five Forces

8.1.1. Threat of New Entrants

8.1.2. Bargaining Power of Suppliers

8.1.3. Threat of Substitutes

8.1.4. Rivalry

8.2. PEST Analysis

8.2.1. Political

8.2.2. Economic

8.2.3. Social

8.2.4. Technological

9. Global Bio-Renewable Chemicals Market

9.1. Market Size & forecast, 2019A-2030F

9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10. Global Bio-Renewable Chemicals: Market Segmentation

10.1. By Regions

10.1.1. North America: (U.S. and Canada)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2. By Product Type: Market Share (2020-2030F)

10.2.1. Alcohol, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2.2. Organic Acids, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2.3. Bio-polymers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2.4. Glycerin, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2.5. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3. By Applications: Market Share (2020-2030F)

10.3.1. Transportation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.2. Textiles, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.3. Food Safety, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.4. Environment, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.5. Communication, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.6. Housing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.7. Recreation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.8. Health & Hygiene, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.9. Bio-medical, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.10. Agriculture, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.11. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.4. By End-users: Market Share (2020-2030F)

10.4.1. Industrial & Domestic Cleaners, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.4..2. Paints & Coatings, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.4.3. Pharmaceuticals, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.4.4. Personal Care Products, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11. Company Profile

11.1. Evonik Industries

11.1.1. Company Overview

11.1.2. Company Total Revenue (Financials)

11.1.3. Market Potential

11.1.4. Global Presence

11.1.5. Key Performance Indicators

11.1.6. SWOT Analysis

11.1.7. Product Launch

11.2. Solazyme

11.3. Myriant

11.4. Elevance Renewable Sciences

11.5. Du Point Biosciences (Genencor)

11.6. Lanza Tech

11.7. Amyris

11.8. Zea Chem

11.9. Gevo

11.10. BASF

12. Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)