市場調查報告書
商品編碼
1479773
可再生化學品製造市場 - 全球和區域分析:按應用、按產品、按地區:分析和預測(2023-2033)Renewable Chemical Manufacturing Market - A Global and Regional Analysis: Focus on Application, Product, and Region - Analysis and Forecast, 2023-2033 |
在永續性措施、生物技術創新以及對試點和大型生產工廠的重大投資推動的需求增加的推動下,可再生化學品產業預計將顯著成長。
儘管過去的挑戰導致人們對普及生物基化學品持謹慎態度,但現在整個產業及其目標市場的投資活動卻明顯增加。供應鏈各階段的相關人員都認知到永續營運的重要性,並積極追求與環境責任一致的目標。這種日益成長的迫切感凸顯了向綠色實踐轉型的通用。
主要市場統計數據 | |
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預測期 | 2023-2033 |
2023年評估 | 958.7億美元 |
2033年預測 | 2541.56 億美元 |
複合年成長率 | 10.49% |
在人們對生物基聚合物日益成長的興趣、技術和創新的進步以及政府支持性政策和法規的推動下,可再生化學品行業正在迅速擴張。轉向可再生化學品可帶來許多環境和經濟效益,包括減少碳排放、提高資源效率以及減少對石化燃料的依賴。隨著全球永續性的重要性日益增加,可再生化學品製造市場預計將持續成長。此外,產業相關人員必須應對成本效益、生產擴充性以及維持原料供應鏈的永續性等挑戰,以推動該產業的收益成長。
可再生化學品製造市場的主要參與企業正在大力投資研發,以擴大其產品範圍,從而推動該行業的進一步成長。這些市場參與企業正在採取各種策略性舉措,包括推出新產品、簽署交易、進行併購、增加投資以及促進與其他組織的合作。為了在競爭日益激烈的市場環境中取得成功,可再生化學品產業必須提供具有成本效益的解決方案,以擴大其業務範圍並維持成長。
該報告研究了全球可再生化學品製造市場,並提供了市場概述、應用趨勢、產品、地區以及參與市場的公司概況。
Global Renewable Chemical Manufacturing Market Overview
The renewable chemicals sector is witnessing a significant upswing in growth, fueled by increasing demand driven by sustainability efforts, biotechnology innovations, and substantial investments in pilot and large-scale production plants. Past challenges have instilled caution about the widespread adoption of bio-based chemicals, but there's now a clear increase in investment activity evident throughout the industry and its target markets. Stakeholders at every stage of the supply chain are realizing the importance of sustainable operations and are actively pursuing goals aligned with environmental responsibility. This growing sense of urgency highlights a shared dedication to transitioning toward eco-friendlier practices.
Market Introduction
KEY MARKET STATISTICS | |
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Forecast Period | 2023 - 2033 |
2023 Evaluation | $95,870.0 Million |
2033 Forecast | $2,54,156.0 Million |
CAGR | 10.49% |
The renewable chemicals sector is seeing swift expansion, fueled by rising interest in bio-based polymers, advancements in technology and innovation, and supportive government policies and regulations. This transition toward renewable chemicals presents a host of environmental and economic advantages, such as lower carbon emissions, improved resource efficiency, and reduced dependence on fossil fuels. With global sustainability becoming increasingly important, the renewable chemical manufacturing market is set for continued growth. Furthermore, industry players must address challenges such as cost-effectiveness, scalability of production, and maintaining sustainability in feedstock supply chains to drive revenue growth in this sector.
Industrial Impact
Key players in the renewable chemical manufacturing market are heavily investing in research and development to broaden their product offerings, driving further growth in the sector. These market participants are engaging in various strategic initiatives, such as launching new products, forming contractual agreements, pursuing mergers and acquisitions, increasing investments, and fostering collaborations with other organizations. To thrive in an increasingly competitive market environment, the renewable chemicals industry must deliver cost-effective solutions to expand its reach and sustain growth.
One crucial business strategy employed by manufacturers in the renewable chemicals sector is local manufacturing to reduce operational costs, ultimately benefiting customers and bolstering market presence. Renewable chemicals have recently demonstrated significant medical benefits, further fueling market demand. Major players such as BioAmber (Canada), Corbion (Netherlands), Myriant Corporation (U.S.), Braskem (Brazil), Metabolix Inc. (U.S.), Mitsubishi Chemical Group Corporation (Japan), and BASF SE (Germany) are actively investing in research and development to stimulate market demand.
Established in 1983 and headquartered in Pune, Maharashtra, India, Praj Industries Limited is an Indian multinational company specializing in process and project engineering. With offices in South Africa, North America, Thailand, and other countries, Praj Industries offers a range of products, including ethanol plants, water and wastewater solutions, bioproducts, and research services. In July 2020, Praj Industries introduced its Bio-Prism portfolio, which is focused on manufacturing bio-based renewable chemicals and materials (RCM). This portfolio includes various bio-industrial products, with bioplastics being a primary focus, along with cellulose-lignin refinery products and specialty items. The launch of the Bio-Prism portfolio expands Praj Industries' product offerings and is expected to contribute to revenue growth.
Market Segmentation
Segmentation 1: by Application
Transportation to Dominate the Global Renewable Chemical Manufacturing Market (by Application)
In 2022, the bio-based chemicals market was primarily driven by the transportation sector, spurred by the increasing demand for bio-based fuels. As the world's third-largest oil producer and largest oil exporter, Russia's conflict with Ukraine caused a surge in crude oil prices, escalating fuel and gas costs globally. Consequently, nations are increasingly seeking alternatives to fossil fuels to expedite the green transition and reduce dependency. Bioethanol has emerged as a promising solution due to its renewable nature and ability to enhance fuel efficiency while reducing emissions when blended with gasoline and petrol. In response, various countries are considering raising the bioethanol blending mandate to lower fuel prices and promote sustainability. For instance, to reduce the skyrocketing fuel prices in the U.S. caused by the Russian war in Ukraine, Joe Biden presented a new plan to increase the availability of gasoline blended with ethanol derived from corn in April 2022.
Segmentation 2: by Product Type
Alcohol to Dominate the Global Renewable Chemical Manufacturing Market (by Product Type)
In 2022, the alcohol segment emerged as the dominant force in the renewable chemical manufacturing market, fueled by the escalating demand for alcohol, such as ethanol and methanol, across various sectors. Notably, the transportation and mobility segment has witnessed a notable shift toward the adoption of green methanol, driven by the pressing need to decarbonize the marine industry. Major players such as A.P. Moller - Maersk and Stena have made significant investments in embracing green methanol as a primary fuel for marine vessels. For instance, A.P. Moller - Maersk's substantial agreement with Orsted in March 2022, securing 300,000 tons of e-methanol annually for its fleet of 12 methanol-powered vehicles, underscores the industry's commitment to sustainability. This strategic move not only addresses the imperative to reduce carbon emissions but also reflects a broader momentum toward greener solutions in the transportation sector.
Segmentation 3: by Feedstocks
Plant Oil Segment to Dominate the Global Renewable Chemical Manufacturing Market (by Feedstocks)
In 2022, plant oil feedstock emerged as the dominant force in the bio-based chemical market, driven by several key factors. Plant oils derived from renewable sources, such as soybean, palm, rapeseed, and sunflower, offer a promising solution due to their renewable nature and lower environmental footprint. Moreover, advancements in biotechnology and chemical engineering have enhanced the efficiency and cost-effectiveness of converting plant oils into bio-based chemicals.
Innovative processes, such as enzymatic hydrolysis and fermentation, have enabled the production of a wide range of bio-based products, including bioplastics, biofuels, and biochemicals, from plant oil feedstocks. These factors collectively propelled plant oil feedstock to the forefront of the bio-based chemical market in 2022, driving its widespread adoption and market dominance.
Segmentation 4: by Region
North America has emerged as a leader in the renewable chemical manufacturing market due to a convergence of influential factors. The region's robust research and development infrastructure, particularly in biotechnology and chemical engineering, enables it to drive innovation and pioneer new products and processes. Moreover, the region benefits from supportive regulatory policies that incentivize sustainability and reduce reliance on fossil fuels, fostering investment and market growth.
For instance, as per the Constitutional Rights Foundation, San Francisco implemented a policy to prohibit the use of standard plastic bags commonly employed by supermarkets and major retailers for packaging and other purposes. The policy explicitly mandates that stores wishing to continue using bags must ensure they are exclusively crafted from recyclable paper or biodegradable plastics. Consequently, this regulation is expected to significantly impact the uptake and expansion of renewable chemicals across the U.S.
Recent Developments in the Global Renewable Chemical Manufacturing Market
Demand - Driver, Challenge, and Opportunity
Market Driver: Rising Awareness of Sustainable Products to Reduce Pollution
Market Challenge: High Cost of Production Expenses in Renewable Chemicals
Market Opportunity: Growth of the Electric Vehicle (EV) Industry
How can this Report add value to an Organization?
Product/Innovation Strategy: The product segment helps the reader understand the different applications of renewable chemical manufacturing in the market. The market is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of the use of renewable chemical manufacturing. Therefore, renewable chemical manufacturing is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The global renewable chemical manufacturing market is growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships and collaborations.
Competitive Strategy: The key players in the global renewable chemical manufacturing market analyzed and profiled in the study include renewable chemical manufacturing projects. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Research Methodology
Factors for Data Prediction and Modeling
Market Estimation and Forecast
This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global renewable chemical manufacturing market.
The process of market engineering involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes is explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.
Primary Research
The primary sources involve industry experts from the global renewable chemical manufacturing market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
The key data points taken from primary sources include:
Secondary Research
This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the aforementioned data sources, the study has been undertaken with the help of other data sources and websites, such as GFI and the Delft University of Technology.
Secondary research was done in order to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.
The key data points taken from secondary research include:
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Leading Companies in the Renewable Chemical Manufacturing Market
Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).
Scope and Definition