Dallas, TX -- (SBWire) -- 05/20/2011 --Analyst Briefing Presentation on the Global Renewable Chemicals Market by Geography, Feedstocks, Prices, Applications Trends and Forecasts (2010 -2015) to be held on August 16, 2011
The global renewable chemicals industry is into higher growth trajectory since the last 5 years. This growth is largely fueled by the increased concerns over greenhouse gas emissions.
Some of major drivers of the industry identified in this report are abundant and low cost feedstock, consumers’ acceptance for eco-friendly products, government support, and technological innovations. The major restraints identified in this report are cost and production issues along with the trade off with the vital resources. There are some opportunities which can change the dynamics of this industry which are improved yields, new generation feedstocks, and collaboration with the universities.
The global renewable chemicals market is estimated to reach $76.16 billion in 2015 from $36.90 billion in 2009, at a CAGR of 12.67% from 2010 to 2015. The Asian market is driving the sales and is expected to hold 36% of the global market share in 2015. The biopolymer market is expected to have a CAGR 22.7% due to higher demand for eco-friendly products and sales of biopolymers are expected to boost its share from $3.01 billion in 2009 to $ 8.36 billion in 2015. Starch plastics remains the leader in the biopolymers segment with 38.36% market share while PHA is expected to have the highest CAGR of over 40%.
In the bioethanol market, the U.S. is the leading consumer. In the bioethanol market in Asia, China is the leading market with a share of 70% while India is expected to be the fastest growing market with a CAGR of 18.6%. Among the European nations, France is the leading producer of bioethanol with a share of 35.5% in 2009 in European bioethanol market. It is followed by Germany and Spain. The fastest growth is expected in U.K. and Czech Republic.
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Europe is the leading consumer for biopolymers, followed by North America and Asia. Europe alone constitutes around 40% of the global consumption of biopolymers. In Asia, China is the biggest consumer of chemicals and provides great opportunity for renewable chemicals in future.
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MarketsandMarkets: Global Renewable Chemicals Market to Reach $76.16 Billion in 2015