Renewable Chemicals (2009 - 2014)

The global renewable chemicals market is estimated to reach US $ 59 billion in 2014 from about US $ 45 billion in 2009. Though several companies in the chemicals industry were affected by the recent economic crisis, the companies producing renewable chemicals are expected to weather the crisis. The driving force for the renewable chemicals market is the low requirement of capital for both production as well as feedstock. Moreover, consumer demand for green products and governmental support to the industry for reducing dependence on finite non renewable petroleum feedstock as well as reducing green house gas emission has been driving the market for renewable chemicals. The growth of the industrial biotechnology has also contributed to the growth of the overall renewable chemicals market due to their innovations in biocatalysis that finds extensive usage in manufacturing renewable chemicals. Renewable chemicals find industrial, pharmaceutical application as well as in consumer products. Focus on reducing global green house gas emissions levels has led to an increase in the activities in the field of renewable chemicals. Foreseeing the rising importance of renewable chemicals the major players in the chemicals industry such as Dow, BASF have already rendered an increased attention on this market. Though the market for alcohols in the overall renewable chemicals market accounts for the largest share of the market, polymers is expected to gain the maximum growth rate for the next five years. Renewable chemicals such as polymers are expected to command significant share in the overall polymers market mostly due to their usage in making biodegradable and compostable plastics and consumer goods such as cell phones, laptops etc. Platform chemicals also play an important role in the renewable chemicals market since they contain multiple functional groups and hence present practical potential for their conversion to families of useful products. Market estimates and forecast The report provides indepth market estimates and forecast for global renewable chemicals market as follows: 1. Renewable chemicals - Products Alcohols, organic chemicals, ketones, polymers and other markets. 2. Renewable chemicals - Application Industrial, transportation, textiles, safe food supply, environment, communication, housing, recreation, health & hygiene and other applications. 3. Renewable chemicals - Catalysis Biocatalysis and chemical catalysis 4. Renewable chemicals - Technology Thermo-chemical conversion, fermentation and bioconversion, product separation and bioconversion, enzymatic hydrolysis, gasification-fermentation, acid hydrolysis, biochemical-thermochemical, biochem-organisolve, fischer-tropsch diesel, reductive transformation, dehydrative transformation and other technologies. 5. Renewable chemicals - Platform Chemicals 1, 4-diacids, 2, 5-furan dicarboxylic acid, 3-hydroxypropionic acid, aspartic acid, glucaric acid, glutamic acid, itaconic acid, levulinic acid, glycerol and other chemicals. 6. Renewable chemicals - Bio feedstock Starch, cellulose, lignin and oil/fats/protein. 7. Renewable chemicals - Source Plant biomass, animall biomass and marine biomass. Each section will provide market data, market drivers, trends and opportunities, top-selling products, key players, and competitive outlook. This report will also provide more than 100 market tables for various geographic regions covering the sub-segments and micro-markets. In addition, the report also provides 50 company profiles for each of its sub-segments. What makes our reports unique? We provide the longest market segmentation chain in this industry- not many reports provide market breakdown upto level 5. Each report is about 250 pages with 100+ market data tables, 40 competitive company profiles, minimum 50 micro markets analysed which are collectively exhaustive and mutually exclusive, 300 patents analyzed, No single report by any other publisher provides market data for all the segments viz products, services, applications, ingredients, technology, stakeholders in a single report for all the four geographies together- US, Europe, APAC, ROW. 15 pages of high level analysis including benchmarking strategies, best practices and the market’s cash cows (BCG matrix). We conduct detailed market positioning, product positioning and competitive positioning. Entry strategies, gaps and opportunities are identified for all the stakeholders. Comprehensive market analysis for biomass processing companies, chemical producers, bioenergy generating companies, biochemical technology consulting companies, R&D laboratories and government organizations for biomass conversion. Key questions answered Which are the high growth segments/cash cows; how is the market segmented in terms of applications, products, services, ingredients, technologies, stakeholders. What are market estimates and forecast; which are markets are doing well and which are not? Where are the gaps and opportunities; what is driving the market; Which are the key playing fields? Which are the winning edge imperatives? How is the competitive outlook; who are the main players in each of the segments; what are the key selling products; what are their strategic directives, operational strength and product pipelines? Who is doing what? Powerful Research and analysis The analyst working with MarketsandMarkets come from the renowned publishers and market research firms globally adding their expertise and domain understanding. 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Additional Information

The renewable chemicals market includes all the chemicals that are obtained from renewable feedstock such as agricultural raw materials, agricultural waste products or biomass, microorganisms etc. The primary motivation behind the development of this market is decoupling economic growth from finite non renewable resource consumption as well as diversifying the feedstock portfolio. The renewable chemicals market is estimated to reach $59 billion in 2014 from about $45 billion in 2009.

Though the alcohols market is the primary contributor to the significant market size, it is expected to grow at the slowest pace among all the market segments. In contrast to the alcohols market, polymers represent the highest growth potential at an expected CAGR of 11.0% from 2009 to 2014.The market is driven by its expected rise in the demand from the food packaging industry, biodegradable and compostable plastics and other consumer products.

Transportation commands the maximum share among the application areas of the renewable chemicals at 23% of the overall market followed by health & hygiene and safe food supply at 19% and 15% respectively. Economic as well as environmental factors are responsible for the large scale adaptation of renewable chemicals in the above stated areas.

Platform chemicals are estimated to reach $3.5 billion in 2014 from $1.9 billion in 2009 at an optimistic CAGR of 12.6% from 2009 to 2014. Platform chemicals play an important role in the renewable chemicals market since they contain multiple functional groups and hence present practical potential for their conversion to families of useful products.

The renewable chemicals market is currently restrained due to competition from conventional chemicals derived from petrochemical feedstock. Though volatility in crude oil prices affects the market for chemicals by putting strain on the margins of the companies, the stability in their prices in a relatively short duration of time has again brought back confidence in the market participants. There is an immediate need for a paradigm shift of these participants from petrochemical feedstock to the renewable feedstock not only due to the economic reasons but also due to the rising concern over green house gas emissions and their lasting impact on the global environment. Moreover, the role played by technology and catalysis is of considerable importance in the renewable chemicals market. Catalysis use in renewable chemicals is estimated to grow at a CAGR of 10.2% for the next five years.

Immense market opportunity lies for the renewable chemicals in the developing economies of India, China along with Japan and Russia. The market for renewable chemicals is untapped in these economies that largely consume chemicals from petrochemical feedstock. It is expected that government support and initiatives for the consumption of these chemicals will provide necessary boost to the market for renewable chemicals in these economies.

The renewable chemicals market is not fragmented with limited competition in this niche market. Some of the key players in this field are Cargill, Inc. Novozymes, Genencor International, Inc. BASF, DSM, DuPont and Metabolix. Strategic alliances and new technology developments are a few of the popular strategies incorporated by the companies in this field to gain competitive edge over other leading market players and to build their strength by knowledge and resource sharing. Our patent analysis indicates that consumer demand for green products, government support and economic concern has resulted in an apparent increase in the number of patents especially for renewable or bio polymers in 2008.