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Renewable Chemical Market will Grow from an Estimated $57.5 Billion in 2012 to $83.4 Billion by 2018, with a CAGR of 7.7% - New Report by MarketsandMarkets
Date:6/13/2013

(PRWEB) June 13, 2013

The "Renewable Chemicals Market - Alcohols (Ethanol, Methanol), Bio polymers (Starch, PLA, PHA, Polyethylene and Others), Platform Chemicals and Others - Global Trends and Forecasts to 2018" defines and segments the global renewable chemical market with analysis and forecasting of the global volume and revenue. Renewable chemical market will grow from an estimated $57.5 billion in 2012 to $83.4 billion by 2018, with a CAGR of 7.7% from 2013 to 2018.

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  • 107 Market Data Tables
  • 57 Figures
  • 423 Pages and In-Depth Table of Content on “Renewable Chemicals Market”

http://www.marketsandmarkets.com/Market-Reports/renewable-chemical-274.html

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The emergence of bio-feedstock and bio-based commodity polymers production, in tandem with increasing oil prices, rising consumer consciousness, and improving economics, has ushered in a new and exciting era of renewable chemical commercialization. However, factors such as economic viability, product quality/performance, and scale of operation will still play important role in determining the commercialization spectrum.

The renewable chemicals industry will witness high growth of 7.7% annually in next five years from 2013 to 2018, mainly due to continuous rise in oil prices, requirement for environmentally friendly feedstock, and low production cost of bio-based chemicals.

Among the major renewable chemicals, ethanol is the most commercialized segment. Though it has been established in U.S. and Brazil; it has ample scope of growth in the European as well as Asian developing countries like India and China. In the bio polymers segment; starch plastics holds maximum share i.
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