Europe Renewable Chemicals Market: Industry Analysis and Forecast (2021-2027)
Europe Renewable Chemicals Market was valued at USD 9.04 billion in 2021. Europe Renewable Chemicals Market size is estimated to grow at a CAGR of 8% over the forecast period.
Format : PDF | Report ID : SMR_1330
Europe Renewable Chemicals Market Definition:
Chemicals derived from renewable sources, including agricultural waste, agricultural feedstock, biomass, microorganisms, and organic waste products, are known as renewable chemicals or bio-based chemicals. They have a decreased carbon impression than conventional Petro-based compounds and are oftentimes utilized as a substitution. A few regularly found renewable chemicals substances incorporate polymeric hemicellulose, lignin, starch, cellulose, protein, oils, plant extractives, and amino acids. The adoption of the renewable sorts of chemicals compounds and polymers in many end-client ventures has become quickly because of rising ozone harming substance outflows and the exhaustion of fossil assets. In addition, the rising special exercises from the public authority for eco-friendly and bio-based products will also help the market develop sustainably throughout the forecast period
Further, the Europe Renewable Chemicals market is segmented by Type, Application, Feed Stock, and geography. On the basis of Type, the Europe Renewable Chemicals market is segmented under Alcohol, Biopolymers, Organic Acids, Ketones, and Others. Based on the Application, the Europe Renewable Chemicals market is segmented under the channels of Petrochemicals, Pharmaceuticals, Packaging Products, Automotive, and Others. Based on the Feedstock, the Europe Renewable Chemicals market is segmented under the channels of Corn, Sugarcane, Biomass, Algae and Other. By geography, the market covers the major countries in Europe i.e., Italy, Germany, United Kingdom, Russia, France and Rest of Europe for each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
Europe Renewable Chemicals Market Dynamics:
Renewable Chemicals substances are utilized across different ventures like power age, transportation, and for synthetic substances necessities in private and ads structures. In any case, all over plan of such low carbon progressions is at this point limited in the region. The adoption of Renewable Chemicals substances power as-a-organization model gives a viable plan in such a circumstance. Sustainable Chemicals power as-a-organization model not simply gives ordinary synthetics organizations to the client yet likewise meanwhile saves the buyers from capital prerequisites, for instance, high candid growth and upkeep costs. Furthermore, changing client demands couple with the sluggish change in the power perspective into a Renewable Chemicals compounds based decentralized and digitalized structure has moreover provoked the improvement of new synthetics plans and organizations. According to the estimations by the International Renewable Energy Agency (IRENA), the hard and fast presented Renewable Chemicals compounds limit during the period 2017-2018 in the GCC nations was 867MW.
The increased utilization of Renewable Chemicals substances sources as a result of creating current interest pair with lessening cost of growth has achieved an extended gathering of these resources nearby. In the new year's, Renewable Chemicals compounds power resources have become distinct advantages for countries in the Europe region. A few nations in the locale are bountiful in assets, for example, sun based, wind, geothermal, hydro, and biomass. Furthermore, these countries are moreover loped around the extended Renewable Chemicals compounds adventures, which subsequently, is highlighted reducing overall energy cost close by giving superior energy security to the customers. In addition, extending adoption of Renewable Chemicals substances targets, joined with the developing awareness relating to the potential advantages related with the use of environmentally friendly power assets is likewise expected to fortify the market growth during the forecasted time period.
Europe Renewable Chemicals Market Segment Analysis:
By Type, the alcohol segment is anticipated to hold the highest market share in the market for renewable chemicals. Non-renewable resources have become more testing to find and the fluctuating raw petroleum costs have extended the demand for bio-alcohols, for example, bioethanol, biobutanol, and bio methanol. The rising prerequisite for vehicles considering individual's expansion has stayed aware of premium for biofuels in arising countries and the bio-liquor market potential. Moreover, ceaseless liquor is conventionally pleasing and cut off points non-innocuous to the biological system power source deferred outcomes showed up distinctively according to standard powers. Thus, such factors will propel the segment improvement during the forecast time period.
By Application, the chemical segment held the highest share of the market in 2021. The quick improvement of the fabricated stores up business, in China and India, considering making income for assemble substances from different end-use experiences like medicine, food and rewards, and creating has filled the part movement.
The packaging business should enlist the speediest advancement rate during the forecast time span. Biopolymers, like polysaccharides, lipids, polyesters, and proteins, are by and large taken on in bundling. The interest is credited to their better optical and mechanical properties. This results in extended thing interest in this part. The rapidly creating clinical benefits industry and fame for normal corrosive, formic corrosive, and acidic corrosive in the drug business will push the segment growth.
Europe Renewable Chemicals Market Regional Insights:
Germany region held the largest market share accounting for 8.7% in 2021. It is estimated to grow at a CAGR of 8% from 2021 to 2029. Renewable chemicals or bio-based chemicals are defined as those categories of chemicals, which are synthesized from renewable sources such as agricultural feedstock farming waste, natural side-effects, biomass, and microorganisms. Inexhaustible synthetics are sorted as economical and climate well-disposed synthetics which radiates less carbon impressions when contrasted with conventional Petro-based synthetics. The absolute most generally accessible Renewable Chemicals substances are lignin, carbs, oils, plant extractives, hemicellulose, cellulose, starch, protein, and others. Such synthetics find application in different application bases like food and refreshment, farming, materials, car, bundling and others. Sustainable sciences have been viewed as one of the powerful methods for advancing the nature of air, water, and soil and add to supportability by commercializing the utilization of eco-accommodating bio-based synthetics in different applications. Eco-friendly sustainable renewable chemicals can be sourced from renewable feedstocks such as biomass, agricultural residues or feedstock, and microorganisms with the help of green chemistry synthesis or biorefineries.
Europe Renewable Chemicals Market Key Players Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a regional presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The objective of the report is to present a comprehensive analysis of the Europe Renewable Chemicals market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe Renewable Chemicals market and how these trends will influence new business investments and market growth throughout the forecast period. The report also aids in the comprehension of the Europe Renewable Chemicals Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Europe Renewable Chemicals market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent growths in the Europe Renewable Chemicals market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Europe Renewable Chemicals market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Europe Renewable Chemicals market. The report also analyses if the Europe Renewable Chemicals market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the growth of company strategies. Political variables help in figuring out how much a government can influence the Europe Renewable Chemicals market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Renewable Chemicals market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Renewable Chemicals market is aided by legal factors.
Europe Renewable Chemicals Market
Market Size in 2021:
USD$ 9.4 Billion
Market size in 2027:
USD$ 14 Billion
Europe Renewable Chemicals Market Key Players:
- Trucent (U.S.)
- BRASKEM (Brazil)
- Archer-Daniels-Midland Company (ADM) (U.S.)
- Amyris Inc. (U.S.)
- BASF SE (Germany)
- Bioamber Inc (Canada)
- Biomethanol Chemie Nederland B.V (Netherlands)
- Cargill Inc (U.S.)
- DSM, E. I (Netherlands)
- Mitsubishi Chemical Corporation (Japan)
Frequently Asked Questions
The segments covered in the Europe Renewable Chemicals Market report are based on Type, Application, and Feedstock.
Germany region is expected to hold the highest share in the Europe Renewable Chemicals Market.
The market size of the Europe Renewable Chemicals Market by 2027 is expected to reach USD$ 14 Billion.
The forecast period for the Europe Renewable Chemicals Market is 2022-2027.
The market size of the Europe Renewable Chemicals Market in 2021 was valued at USD$ 9.4 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- Europe Renewable Chemicals Market: Target Audience
- Europe Renewable Chemicals Market: Primary Research (As per Client Requirement)
- Europe Renewable Chemicals Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Europe Stellar Competition Matrix
- Key Players Benchmarking: - by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Europe Renewable Chemicals Market Segmentation
- Europe Renewable Chemicals Market, by Type (2021-2027)
- Organic Acids
- Europe Renewable Chemicals Market, by Application (2021-2027)
- Packaging Products
- Europe Renewable Chemicals Market, by Feedstock (2021-2027)
- Europe Renewable Chemicals Market, by Country (2021-2027)
- United Kingdom
- Rest of Europe
- Europe Renewable Chemicals Market, by Type (2021-2027)
- Company Profiles
- Key Players
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Growths
- Archer-Daniels-Midland Company
- Amyris Inc.
- BASF SE
- Bioamber Inc
- Biomethanol Chemie Nederland B.V
- Cargill Inc
- DSM, E. I
- Mitsubishi Chemical Corporation
- Key Players
- Key Findings