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Global Renewable Chemicals Markets to 2023: A $97.38 Billion Opportunity - ResearchAndMarkets.com

December 19, 2018

DUBLIN--(BUSINESS WIRE)--Dec 19, 2018--The “Renewable Chemicals Market - Forecasts From 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.

Renewable Chemicals market is projected to grow at a CAGR of 8.2% to reach US$97.385 billion by 2023, from US$60.675 billion in 2017.

Rising supply of low-cost feedstock is one of the major drivers of renewable chemicals market.

Supportive government policies and initiatives for eco-friendly sources and processes is also fueling the demand for renewable chemicals across various end-use industries.

Rising awareness among consumers about the use of environmentally-sustainable products is also encouraging manufacturers to use renewable chemicals during production process, thus positively impacting the market growth.

Manufacturers of renewable chemicals are investing heavily in R&D while collaborating with universities to develop new products using lignin and isobutanol and their applications which will bolster the growth of renewable chemicals market during the forecast period.

However, factors such as high cost and complex production process are restraining the growth of renewable chemicals market.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Renewable Chemicals Market by Product Type

6. Renewable Chemicals Market by Application

7. Renewable Chemicals Market by Geography

8. Competitive Intelligence

9. Company Profiles

Myriant Corporation BioMCN DuPont Tate & Lyle Bio Products Corbion Biome Technologies PLC NatureWorks LLC Piedmont Chemical Industries Reverdia Braskem Synvina

For more information about this report visit https://www.researchandmarkets.com/research/lpj654/global_renewable?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181219005804/en/

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Related Topics:Chemicals

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/19/2018 04:11 PM/DISC: 12/19/2018 04:11 PM

http://www.businesswire.com/news/home/20181219005804/en

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