The global biodegradable plastics market size is projected to reach USD 23.3 billion by 2026, at a CAGR of 24.9% during the projected period. Major players operating in the global biodegradable plastics market include BASF (Germany), NatureWorks (US), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Plantic Technologies (Australia), Danimer Scientific (US), and Fkur Kunstsoff (Germany).
The global Cellulose acetate market size is projected to reach USD 6.3 billion by 2026, at a CAGR of 4.7% during the projected period. The key players in the market include Eastman chemical Company (US), Solvay, Celanese Corporation (US), Daicel Corporation (Japan), China National Tobacco Corporation (China), Mitsubishi Chemical Holdings (Japan), Sichuan Push Acetati Co. Ltd. (China), Rayonier Advanced Materials Inc. (US), Acordis Cellulosic Fibers Co Ltd (Belgium), Sappi Limited (South Africa). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the cellulose acetate market.
The green hydrogen market is projected to reach USD 4,373 million by 2026, at a CAGR of 58.0% during the forecasted period. Linde (Ireland), Guangdong Synergy Hydrogen Power Technology (China), Siemens (Germany), H&R Olwerke Schindler (Germany), Cummins and Enbridge Gas (Canada), Wind to Gas Energy GmbH & Co. KG (Germany), Toshiba (Japan), and Nel (Norway) are the leading players in the market. There is significant competition in the green hydrogen market to lower the manufacturing cost, develop new process technology, expand, and increase the use of green hydrogen in the end-use industries. Owing to such opportunities in the industry, companies are aiming to increase their market shares by adopting various strategies.
The Bioplastics & Biopolymers Market is expected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% during the forecast period. The key players in this market are NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).
The green & bio-solvents market size is projected reach USD 1.5 billion by 2026, at a CAGR of 4.5% during the projected period. The green & bio-solvents market is fragmented and competitive with a large number of players. The key players in this market are BASF SE (Germany), Archer Daniels Midland Company (US), Vertec Biosolvents Inc. (US), Stepan Company (US), Solvay (Belgium), GFBiochemicals (Netherlands), Cargill Inc. (US), Astrobio (Italy), The Dow Chemical Company (US), and India Glycols Limited (India).
The polyhydroxyalkanoate (PHA) market is expected to grow from USD 62 million in 2020 to USD 121 million by 2025, at a compound annual growth rate (CAGR) of 14.2% during the forecast period.Danimer Scientific (US), Shenzhen Ecomann Biotechnology Co Ltd (China), Kaneka Corporation (Japan), RWDC Industries (Singapore), Newlight Technologies LLC (US), Bio-On (Italy), Tianan Biologic Materials Co Ltd (China), Biomer (Germany), and Bochemie (Czech Republic)
The global 1,3-propanediol market size is expected to grow USD 690.6 million by 2025, at a CAGR of 11.4% during the forecasting period. The key market players profiled in the report include DuPont Tate & Lyle Bio Products Company, LLC (US), Zhangjiagang Glory Biomaterial Co., Ltd. (China), Zouping Mingxing Chemical Co., Ltd. (China), Haihang Industry Company Ltd. (China), Merck KGgA (Germany), Tokyo Chemical Industry Co., Ltd. (Japan), METabolic EXplorer (France), and Sheng Hong Group Holdings Ltd. (China).
The bioethanol market is expected to grow from USD 33.7 billion in 2020 to USD 64.8 billion by 2025 at a compound annual growth rate (CAGR) of 14.0% during the forecast period.Key players, including Archer Daniels Midland (US), POET, LLC (US), Green Plains (US), Valero Energy Corporation (US), Tereos (France), and Raizen (Brazil) have adopted strategies, such as expansion and merger & acquistion to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the bioethanol market.
The bio-lubricants market is expected to grow from USD 2.0 billion in 2020 to USD 2.4 billion by 2025 at a compound annual growth rate (CAGR) of 4.1% during the forecast period.Key players such ExxonMobil (US), Royal Dutch Shell (Netherlands), Total S.A (France), Cargill Inc. (US), BP (UK), FUCHS Group (Germany), and Panolin AG (Switzerland) have adopted various strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the bio-lubricants market.
The Europe Biodegradable Polymers Market is expected to grow from USD 403 million in 2019 to USD 829 million by 2024, at a CAGR of 15.5% during the forecast period. NatureWorks LLC (US), BASF SE (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical Holdings Corporation (Japan), Biotech (Germany), Novamont S.P.A. (Italy), Biome Bioplastics (UK), Toray Industries (Japan), Bio-On (Italy), and Plantic Technologies (Australia), are the leading biodegradable polymers manufacturers for extrusion coating, in Europe.
The furfural market is expected to grow from USD 551 million in 2019 to USD 700 million by 2024, at a compound annual growth rate (CAGR) of 4.9% during the forecast period.The leading players in the furfural market are Transfuran Chemicals (Belgium), Central Romana Corporation (Dominican Republic), Pennakem (US), Silvateam (Italy), Illovo Sugar (South Africa), Hongye Holding Group Corporation (China), KRBL(India), Lenzing (Austria), Tanin (Slovenia), and Shandong Crownchem Industries (China).
The market size for recovered carbon black is projected to grow from the estimated USD 55 million in 2018 to USD 491 million by 2023, at a compound annual growth rate (CAGR) of 55.0% during the forecast period. Recovered carbon black is widely used as an environmentally-friendly and sustainable reinforcing filler in tire and non-tire rubber products. The growth of the recovered carbon black market is, therefore, directly associated with the growing demand for environmentally-friendly and sustainable reinforcing filler in tire and non-tire rubber applications.Pyrolyx (Germany), Delta-Energy Group (US), Black Bear Carbon (Netherlands), Scandinavian Enviro Systems AB (Sweden), Klean Industries (Canada), Radhe Group of Energy (India), Alpha Carbone (France), Bolder Industries (US), DRON Industries (Slovakia), DVA Renewable Energy JSC (Vietnam), Enrestec (Taiwan), Integrated Resource Recovery (US), and SR2O Holdings (US).
The cellulose esters market is projected to grow from USD 8.76 billion in 2017 to USD 12.43 billion by 2023, at a CAGR of 6.0% from 2018 to 2023. The growth of the cellulose esters market across the globe is driven by the increasing use of cellulose esters in coatings, films & tapes, and cigarette filters applications. The base year considered for the study on the cellulose esters market is 2017 while the forecast period is between 2018 and 2023. The leading players operating in the cellulose esters market are Eastman Chemical Company (US), Solvay (Belgium), China National Tobacco Corporation (China), Daicel Corporation (Japan), Celanese Corporation (US), Acordis Cellulostic Fibers (US), Sappi (South Africa), Mitsubishi Chemical Holdings Corporation (Japan), Rayonier Advanced Materials (US), and Sichuan Push Acetati (China).
The chitosan market is projected to grow from USD 553.6 Million in 2017 to USD 1,088.0 Million by 2022, at a CAGR of 14.5% between 2017 and 2022. The increasing use of chitosan in the water treatment, food & beverages, cosmetics, medical & pharmaceuticals, and agrochemicals applications is fueling the growth of the chitosan market across the globe. Moreover, the growing trend toward the use of chitosan for water treatment to reduce the use of chemical products is also leading to the growth of the chitosan market. Key companies operating in the chitosan market Primex ehf (Iceland), Heppe Medical Chitosan GmbH (Germany), Vietnam Food (Vietnam), KitoZyme S.A. (Belgium), Agratech (US), Advanced Biopolymers AS (Norway), BIO21 Co., Ltd. (Thailand), G.T.C. Bio Corporation (China), Taizhou City Fengrun Biochemical Co., Ltd. (China), and Zhejiang Golden-Shell Pharmaceutical Co., Ltd. (China).
The natural surfactants market (bio-based surfactants) is estimated to be USD 13.47 Billion in 2017 and is projected to reach USD 17.27 Billion by 2022, at a CAGR of 5.1% between 2017 and 2022. Implementation of stringent regulations on using conventional surfactants is driving the natural surfactants market (bio-based surfactants) in different applications. The growing use of natural surfactants (bio-based surfactants) in detergents, personal care, and oilfield chemicals is also fueling the growth of the natural surfactants market (bio-based surfactants), globally. The natural surfactants market (bio-based surfactants) is projected to reach USD 17.27 Billion by 2022, at a CAGR of 5.1% between 2017 and 2022.
The global green and bio polyols market was valued at USD 2.63 Billion in 2015 and is projected to reach USD 4.71 Billion by 2021, at a CAGR of 9.5% from 2016 to 2021. The market size in terms of volume was 1.16 Million tons in 2015 and is projected to reach 1.74 Million tons by 2021, at a CAGR of 6.9% from 2016 to 2021. In this study, 2015 has been considered the base year and 2021 the forecast year to estimate the market size of green and bio polyols.
The biodiesel market is projected to reach USD 41.18 Billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Biodiesel products find usage in several end-use industries such as, automotive, power generation, marine, railway, agriculture, and mining in applications, including fuel, power generation, industrial solvent, and lubricating agent. The increasing usage of biodiesel across these industries is expected to drive the market for the biodiesel in near future.
The global fatty acid methyl ester market is expected to grow from USD 17.26 Billion in 2016 to USD 22.13 Billion by 2021, at a CAGR of 5.1% from 2016 to 2021. Stringent environmental regulations and growing demand for biodiesel are some of the factors that are expected to drive the growth of the fatty acid methyl ester market during the forecast period.
The levulinic acid market is projected to reach USD 32.5 Million by 2021, at a CAGR of 14.0% between 2016 and 2021. The key factor fueling the growth of the levulinic acid market is the increasing demand for levulinic acid from plasticizers, pharmaceuticals, and cosmetic industries. Levulinic acid is used in anti–inflammatory medication, and mineral supplements in pharmaceutical applications.
The market size of green chelates/natural chelating agents is projected to reach USD 2.45 Billion by 2021, registering a CAGR of 5.74% between 2016 and 2021. The increasing demand for green chelates/natural chelating agents from end-use applications such as cleaning, water treatment, agriculture, personal care, and food & beverage owing to its superior properties and eco-friendliness is the major driver of this market.
The global market size of bioresorbable polymers was USD 661.9 Million in 2015 and is projected to reach USD 1,407.5 Million by 2021, at a CAGR of 13.42% between 2016 and 2021. The cost-effectiveness and patient-friendliness of bioresorbable polymers and rapidly increasing demand from existing applications are expected to drive the 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 renewable chemicals market has been majorly segmented into alcohols, platform chemicals, and biopolymers. The alcohols accounts for more than 80.0% of the renewable chemicals market, in terms of value in 2015 and the same trend is projected to continue during the forecast period.
TAED has limited applications, detergents being the major one among them. Other than that, TAED is used in bleaching agents and cleaning agents. TAED’s main application lies as bleaching activator in the household detergents. Also, a small amount is also used in the bleaching of paper, textile industry, and for the generation of peracetic acid in disinfectants. The global TAED market is expected to grow at a CAGR of 2.83% from 2015 to 2020 to reach a value of 543.80 Million USD by 2020.
Dimethyl ether (DME), also known as methoxy methane, is a colorless and odorless gas. It has low boiling point and is generated from various raw materials such as natural gas, methanol, coal, and biomass. DME is a substitute of energy fuels, as it has no sulfur content. It has a variety of applications in numerous segments. It is used in the chemical and petrochemical industries as a solvent. Dimethyl Ether (DME): A projected value of USD 9.7 Billion by 2020, signifying firm annualized growth of 19.65% between 2015 and 2020.
This study estimates the global market for CNG tanks by the end of 2020. This market research study provides detailed qualitative and quantitative analysis of the global CNG tanks market. The report also provides a comprehensive review of the drivers, restraints, opportunities, winning imperatives, challenges, and key issues of the market. The market is segmented and forecasted for various regions including North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market value and units for major countries in each of the regions are also covered in the report. Global CNG tanks/cylinders market expected to be worth $1,563.23 Million and CAGR Value is 9.65% by 2020
The report on “bio plasticizers” considers its six commonly used applications: packaging materials, medical devices, consumer goods, wires & cables, building & construction, and others. The bio plasticizers market is witnessing high growth because of increasing end-use industry, technological advancements, stringent regulations, and increasing demand in the developing markets. Plasticizer is a substance that is added to other polymeric substances to aid processing of the polymer and to impart flexibility, plasticity, softness, and reduce brittleness. These additives are widely employed in PVC cable, PVC resins, wire jacketing, vinyl flooring, medical equipment, automobile parts, packaging materials, consumer goods, and others. Plasticizer is the most common additives used in the plastic industry. The ban on phthalates in PVC products and increasing consumer awareness in major markets are driving the market for bio plasticizer. The market size for bio plasticizer is projected to reach $1,140.3 Million by 2020, registering a CAGR of 9.8% between 2015 and 2020.
Biocatalysts are widely used in the food and beverage industry since several years as food enzymes for instance in dairy products, bakery, and beverages. Biocatalysts may be of different types and are used in various applications. Protease and amylases are widely used to remove food related stains. These enzymes have applications in both food & beverage and laundry detergent industry. Enzymes such as lipases and peroxidase are used in the personal care industry as they have anti-microbial applications.
Oleochemicals are used primarily in the personal care industry for manufacturing of various lotions, creams, and so on. Oleochemicals are replacing many petroleum based products as their properties help build a product which is better for the environment and which can be manufactured from renewable raw materials. Major types for oleochemicals include fatty acids, fatty alcohols, glycerin, and others. The market for glycerin is projected to grow at the fastest rate. Fatty acids were observed to dominate the global market by type, for oleochemicals, and were estimated to control around 56.34% of the total oleochemicals consumption by type.
Biodegradable packaging begins with the material selection, and it drives the choice and type of packaging equipment and final package performance, which decides the success of packaging. The packaging material choice drives the packaging product's properties, appearance, and consumer attributes.
The crop protection chemicals market covers various types of products being used in the farms to safeguard the crops, by controlling the population of organisms considered harmful or those that can potentially damage or adversely affect the growth of crops. Crop protection chemicals are mainly divided into herbicides, insecticides and fungicides. Pesticides include both synthetic pesticides and bio-based pesticides, are the largest market segment owing to their wide-spread use in bulk quantities. Adjuvants are essentially pharmacological or immunological agents used to modify or enhance the effect of other vaccines and drugs.
Crop protection chemicals are widely used across the globe, and are very useful to safeguard crops against various insects, diseases, and pests. Pesticides are very important as they improve the quality and yield of agricultural produce. Based on applications, crop protection chemicals market can be bifurcated into three types, herbicides, insecticides, and fungicides. Herbicides are used in the agriculture land to control or kill weeds. Insecticides are applied to provide plants with protection against various insects and fungicides safeguards plants from various diseases. Effective pest management significantly reduces pre and post damage of the crops.
The crop protection market consists of crop protection chemicals or agrochemicals, seeds, and genetically modified (GM) crops. Crop protection chemicals are the most dominating segment of this market in terms of market share as well as product innovations. Crop protection chemicals are further classified as herbicides, insecticides, fungicides, bio-pesticides, and adjuvants. As the latter two segments hold a minor market share, in general practice, pesticides are referred to as crop protection chemicals.
Industrial biotechnology or white biotechnology uses cells and enzymes to produce bioenergy, biomaterials and other industrial products. The report will analyze the commercialization of the applications, technologies and products like renewable chemicals.