Driving Factors for Renewable Chemicals Market
The global renewable chemicals market is estimated to be USD 49.0 Billion in 2015 and is projected to reach USD 84.3 Billion by 2020, at a CAGR of 11.47% between 2015 and 2020. The growth of the renewable chemicals market is largely driven by the increasing environmental concerns, government support for eco-friendly sources & processes, and technological innovations. Opportunities such as improved yields, new generation feed-stocks, and collaboration with the universities can change the dynamics of this industry. Market players are limited for each product, thus renewable chemicals market possess limited competition. Key players profiled in the report are Metabolix Inc. (U.S.), BioAmber (Canada), Genomatica (U.S.), Cobalt Technologies (U.S.), BASF (Germany), DuPont Tate & Lyle Bio Products (U.S.), Myriant Corporation (U.S.), BioMCN (The Netherlands), Corbion N.V. (The Netherlands), NatureWorks LLC (U.S.), Mitsubishi Chemical Corporation (Japan), and Braskem (Brazil).
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