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Global Bio-Renewable Chemicals Market to reach USD 6.02 billion by the end of 2029.

Global Bio-Renewable Chemicals Market Size study & Forecast, by Type (Glycerol, Lactic Acid, Succinic Acid, Acetone, Others), by Application (Packaging, Food and Beverages, Personal Care and Cosmetics, Chemical Industry, Others) and Regional Analysis, 2022-2029

Product Code: CMCC-87967798
Publish Date: 17-04-2023
Page: 200

Global Bio-Renewable Chemicals Market is valued at approximately USD 2.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.6% over the forecast period 2022-2029. Bio-Renewable Chemicals refer to Chemicals which are created by living things and are used as chemical industry feedstock. The petroleum-based carbon feedstocks that currently power the chemical industry could be replaced with solar-powered bio-renewable compounds. The chemical business may be driven by the large variety of enzymes found in biological organisms and the potential for synthetic biology to alter these enzymes to develop novel chemical activities. A key building block for the creation of novel molecules is the polyketide biosynthetic pathway, which produces compounds made up of repeating alkyl chain units with the potential for a wide variety of functional groups at the various carbon atoms. The increasing expansion of personal care & cosmetics industry and growing awareness towards sustainability and environmental protection activities are key factors accelerating the market growth.

The growing expansion of personal care and cosmetics is contributing towards the growth of the Global Bio-Renewable Chemicals Market. For instance – according to Statista – as of 2023, the revenue in the global beauty & personal care market is estimated at USD 571.10 billion, and as per projections, the market would grow annually by 3.80% between 2023 and 2027 to reach USD 661.82 billion by end of 2027. Also, favorable government initiatives to promote the use of biochemicals and growing pollution levels worldwide would create a lucrative growth prospectus for the market over the forecast period. However, the high processing costs and complex manufacturing processes of Bio-Renewable Chemicals stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Bio-Renewable Chemicals Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of leading market players and growing demand for biochemicals from bioplastics manufacturers in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of favorable initiatives from leading market players as well as increasing demand for bio-renewable chemicals such as glycerin, acetone from end-use industries in the region.

Major market players included in this report are:
Gevo, Inc.
Vizag Chemical
Solvay
BASF SE
Unilever PLC
ZeaChem
Cargill, Incorporated
DuPont de Nemours, Inc.
Elevance Health
Amyris.

Recent Developments in the Market:
Ø In August 2020, Yokogawa Electric Corporation signed an investment and partnership agreement with Swiss startup Bloom Bio renewables SA (Bloom), for developing business opportunities in the bioeconomy field. The two companies would be collaborating on the commercialization of a breakthrough technology from Bloom that maximizes the extraction of lignin from plant material to replace petrochemicals in a range of chemical products.

Global Bio-Renewable Chemicals Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Glycerol
Lactic Acid
Succinic Acid
Acetone
Others

By Application
Packaging Food and Beverages
Personal Care and Cosmetics
Chemical Industry
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Bio-Renewable Chemicals Market, by Region, 2019-2029 (USD Billion)
1.2.2. Bio-Renewable Chemicals Market, by Type, 2019-2029 (USD Billion)
1.2.3. Bio-Renewable Chemicals Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Bio-Renewable Chemicals Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Bio-Renewable Chemicals Market Dynamics
3.1. Bio-Renewable Chemicals Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing expansion of personal care & cosmetics industry
3.1.1.2. Growing awareness towards sustainability and environmental protection activities
3.1.2. Market Challenges
3.1.2.1. High processing costs and complex manufacturing processes
3.1.3. Market Opportunities
3.1.3.1. Favourable government initiatives to promote use of biochemicals
3.1.3.2. Growing pollution levels worldwide
Chapter 4. Global Bio-Renewable Chemicals Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Bio-Renewable Chemicals Market, by Type
6.1. Market Snapshot
6.2. Global Bio-Renewable Chemicals Market by Type, Performance – Potential Analysis
6.3. Global Bio-Renewable Chemicals Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Bio-Renewable Chemicals Market, Sub Segment Analysis
6.4.1. Glycerol
6.4.2. Lactic Acid
6.4.3. Succinic Acid
6.4.4. Acetone
6.4.5. Others
Chapter 7. Global Bio-Renewable Chemicals Market, by Application
7.1. Market Snapshot
7.2. Global Bio-Renewable Chemicals Market by Application, Performance – Potential Analysis
7.3. Global Bio-Renewable Chemicals Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Bio-Renewable Chemicals Market, Sub Segment Analysis
7.4.1. Packaging Food and Beverages
7.4.2. Personal Care and Cosmetics
7.4.3. Chemical Industry
7.4.4. Others
Chapter 8. Global Bio-Renewable Chemicals Market, Regional Analysis
8.1. Bio-Renewable Chemicals Market, Regional Market Snapshot
8.2. North America Bio-Renewable Chemicals Market
8.2.1. U.S. Bio-Renewable Chemicals Market
8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Bio-Renewable Chemicals Market
8.3. Europe Bio-Renewable Chemicals Market Snapshot
8.3.1. U.K. Bio-Renewable Chemicals Market
8.3.2. Germany Bio-Renewable Chemicals Market
8.3.3. France Bio-Renewable Chemicals Market
8.3.4. Spain Bio-Renewable Chemicals Market
8.3.5. Italy Bio-Renewable Chemicals Market
8.3.6. Rest of Europe Bio-Renewable Chemicals Market
8.4. Asia-Pacific Bio-Renewable Chemicals Market Snapshot
8.4.1. China Bio-Renewable Chemicals Market
8.4.2. India Bio-Renewable Chemicals Market
8.4.3. Japan Bio-Renewable Chemicals Market
8.4.4. Australia Bio-Renewable Chemicals Market
8.4.5. South Korea Bio-Renewable Chemicals Market
8.4.6. Rest of Asia Pacific Bio-Renewable Chemicals Market
8.5. Latin America Bio-Renewable Chemicals Market Snapshot
8.5.1. Brazil Bio-Renewable Chemicals Market
8.5.2. Mexico Bio-Renewable Chemicals Market
8.5.3. Rest of Latin America Bio-Renewable Chemicals Market
8.6. Rest of The World Bio-Renewable Chemicals Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Gevo, Inc.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Vizag Chemical
9.2.3. Solvay
9.2.4. BASF SE
9.2.5. Unilever PLC
9.2.6. ZeaChem
9.2.7. Cargill, Incorporated
9.2.8. DuPont de Nemours, Inc.
9.2.9. Elevance Health
9.2.10. Amyris.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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