Renewable alcohols, including ethanol, methanol Iso-butanol, 1-propanol, 2-propanol, 1-pental, and 2-ethyl-1-hexanol, among others, represent the largest revenue contributor for renewable chemicals. Renewable ethanol and methanol considerably reduce greenhouse gas emissions and are therefore poised to benefit from the growing concerns over global warming. Ethanol continues to represent the largest segment in the global renewable chemicals market driven largely by eco-friendliness, cost-efficiency, and the ability to meet existing regulations. Developments in environment friendly production technologies will help drive growth of bio-based feedstock for chemicals manufacturing.
The market for renewable platform chemicals is expected to benefit from the increased investments being made to develop processes for producing renewable intermediates. Rising oil prices, advanced process technologies, and continued changes in regulations and policies will provide growth opportunities to renewable platform chemical manufacturers in the coming years.
As stated by the new market research report on Renewable Chemicals, Europe represents the largest regional market worldwide, while Asia-Pacific represents the fastest growing market with a CAGR of 7.6% over the analysis period.
Key players covered in the report include Abengoa Bioenergy, Amyris Inc., Archer Daniels Midland Company, Arkenol Inc., Avantium Technologies, BASF SE, Beta Renewables SpA, BioAmber Inc., Braskem, Cargill Incorporated, NatureWorks LLC, Ceres, Inc., Chevron Corporation, Cobalt Technologies, Codexis Inc., Corbion Purac, Coskata Inc., Dow Chemical Company, E. I. Dupont De Nemours & Company, Eastman Chem
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