Asia Pacific Renewable Chemicals Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Alcohols, Organic Acids, Ketones, Platform Chemicals, Biopolymers, and Others), and Application (Food and Beverages, Agriculture, Textiles, Transportation, Chemical Intermediates, Packaging, Bio-Medical & Pharmaceuticals, and Others)

Code: TIPRE00024953 | Pages: 156 | Industry: Chemicals and Materials | Date: Sep 2021
Covid

Market Introduction

The Asia Pacific renewable chemicals market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. A significant surge in the demand for bio-based platform chemicals has been witnessed over the past few years owing to expanding application base across diverse industries coupled with increasing regulations related to conventional petroleum-derived chemicals, and the growing adoption of environment-friendly products. As the demand for eco-friendly products across industries gathers strength and companies focus on the development of effective varieties of bio-based platform chemicals, the renewable chemicals market is expected to grow at an impressive pace in the next few years. Additionally, the emergence of bio-refineries has provided a thrust in the development of bio-based platform chemicals as a significant substitute to petrochemicals. The use of bio-based platform chemicals holds strong potential for decarbonizing into novel products. Therefore, they find application in the production of plastics, car parts, and consumer products such as shoe soles. Several studies have been conducted to promote the use of platform chemicals over petrochemical chemicals. Several advances have been made to overcome a few potential challenges associated with limited production, complex synthesis mechanism, high costs, and the deactivation of catalysts. To overcome these challenges, researchers suggest the deployment of single-step catalytic conversions with the help of highly efficient and selective catalysts, exploring purification and separation technologies. Hence, rising adoption of bio-based platform chemicals is expected to promote the demand for renewable chemicals in Asia Pacific market.

In Asia Pacific, India reported a huge number of COVID-19 cases, which led to the discontinuation of several business operations, including renewable chemicals manufacturing activities. The significant decline in the growth of the several industrial sectors negatively impacted the demand for renewable chemicals in the Asia Pacific market. The disruptions in terms of sourcing of raw materials from suppliers as well as temporary closures of manufacturing bases due to lockdowns and quarantines have impacted the growth of the market during the pandemic. However, as the economies are planning to revive their operations, the demand for renewable chemicals is expected to rise in Asia Pacific. Although, the focus over just in time production is another concerning factor hindering market growth. The expanding demand for renewable chemicals across food & beverages, agriculture, textiles, transportation, packaging, pharmaceuticals, and other industries, along with significant investment by prominent manufacturers, is expected to drive the growth for renewable chemicals.


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Market Overview and Dynamics

The renewable chemicals market in Asia Pacific is expected to grow from US$ 17,680.50 million in 2021 to US$ 42,999.35 million by 2028; it is estimated to grow at a CAGR of 13.5% from 2021 to 2028. Renewable chemicals or bio-based chemicals are defined as those categories of chemicals, which are synthesized from renewable sources such as agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Renewable chemicals are categorized as sustainable and environment-friendly chemicals which emits fewer carbon footprints as compared to traditional petro-based chemicals. Some of the most widely available renewable chemicals are lignin, carbohydrates, oils, plant extractives, hemicellulose, cellulose, starch, protein, and others. Such chemicals find application in diverse application bases such as food and beverage, agriculture, textiles, automotive, packaging and others. Renewable sciences have been regarded as one of the effective ways to promote the quality of air, water, and soil and contribute to sustainability by commercializing the use of eco-friendly bio-based chemicals in diverse applications. Eco-friendly sustainable renewable chemicals can be sourced from renewable feedstocks such as biomass, agricultural residues or feedstock, and microorganisms with the help of green chemistry synthesis or biorefineries. The chemicals have been identified as cost-competitive resources and portray potential for effective substitution of petrochemicals with renewable resources. Several nations are aiming to surpass the dependency on fossil-based resources. Also, the growing concern toward environmental degradation along with climate change propel the demand for renewable chemicals.

Key Market Segments

Based on product, the alcohols segment accounted for the largest share of the Asia Pacific renewable chemicals market in 2020. Based on application, the chemical intermediate segment accounted for the largest share of the Asia Pacific renewable chemicals market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Asia Pacific renewable chemicals market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include the Archer-Daniels-Midland Company (ADM); Cargill Incorporated; DSM; BASF SE.; Amyris Inc.; Evonik Industries AG.; Solvay; the Dow Chemical Company.; Genomatica, Inc. and Braskem SA.

Reasons to buy report

  • To understand the Asia Pacific renewable chemicals market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific renewable chemicals market
  • Efficiently plan M&A and partnership deals in Asia Pacific renewable chemicals market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific renewable chemicals market
  • Obtain market revenue forecast for market by various segments from 2019-2028 in Asia Pacific region.



Asia Pacific Renewable Chemicals Market Segmentation

Asia Pacific Renewable Chemicals Market -By Type

  • Alcohols
  • Organic Acids
  • Ketones
  • Platform Chemicals
  • Biopolymers
  • Others

Asia Pacific Renewable Chemicals Market -By Application

  • Food and Beverages
  • Agriculture
  • Textiles
  • Transportation
  • Chemical Intermediates
  • Packaging
  • Bio-Medical & Pharmaceuticals
  • Others

Asia Pacific Renewable Chemicals Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Asia Pacific Renewable Chemicals Market – Company Profiles

  • The Archer-Daniels-Midland Company
  • Cargill, Incorporated
  • DSM
  • BASF SE
  • The Dow Chemical Company
  • Braskem S.A.
  • Evonik Industries AG
  • Solvay
  • Amyris Inc.
  • Genomatica, Inc.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           Asia Pacific Renewable Chemicals Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Suppliers

4.2.2        Bargaining Power of Buyers

4.2.3        Threat of Substitutes

4.2.4        Threat of New Entrants

4.2.5        Intensity of Competitive Rivalry

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           Renewable Chemicals Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        An Upsurge in Awareness Regarding Renewable Chemicals Backed by Increasing Environmental Concerns

5.1.2        Rising Usage of Renewable Chemicals in Diverse End-Use Sectors

5.2         Market Restraints

5.2.1        High Costs and Complexities Associated with Manufacturing Process

5.3         Market Opportunities

5.3.1        Increase in the Adoption of Bio-Based Platform Chemicals

5.4         Future Trends

5.4.1        High Focus on Research and Development Activities for Market Expansion

5.5         Impact Analysis of Drivers and Restraints

6.           Renewable Chemicals – Asia Pacific Market Analysis

6.1         Renewable Chemicals Market Overview

6.2         Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

7.           Asia Pacific Renewable Chemicals Market Analysis – By Product

7.1         Overview

7.2         Renewable Chemicals Market Breakdown, By Product, 2020 and 2028

7.3         Alcohols

7.3.1        Overview

7.3.2        Alcohols: Renewable Chemicals Market, Revenue and Forecast to 2028 (US$ Million)

7.3.3        Alcohols: Renewable Chemicals Market, Revenue and Forecast to 2028 (US$ Million)

7.4         Organic Acids

7.4.1        Overview

7.4.2        Organic Acids: Renewable Chemicals Market, Revenue and Forecast to 2028 (US$ Million)

7.4.3        Organic Acids: Renewable Chemicals Market, Revenue and Forecast to 2028 (US$ Million)

7.5         Ketones

7.5.1        Overview

7.5.2        Ketones: Renewable Chemicals Market, Revenue and Forecast to 2028 (US$ Million)

7.5.3        Ketones: Renewable Chemicals Market, Revenue and Forecast to 2028 (US$ Million)

7.6         Platform Chemicals

7.6.1        Overview

7.6.2        Platform Chemicals: Renewable Chemicals Market, Revenue and Forecast to 2028 (US$ Million)

7.6.3        Platform Chemicals: Renewable Chemicals Market, Revenue and Forecast to 2028 (US$ Million)

7.7         Biopolymers

7.7.1        Overview

7.7.2        Biopolymers: Renewable Chemicals Market, Revenue and Forecast To 2028 (US$ Million)

7.7.3        Biopolymers: Renewable Chemicals Market, Revenue and Forecast To 2028 (US$ Million)

7.8         Others

7.8.1        Overview

7.8.2        Others: Renewable Chemicals Market, Revenue and Forecast to 2028 (US$ Million)

7.8.3        Others: Renewable Chemicals Market, Revenue and Forecast to 2028 (US$ Million)

8.           Asia Pacific Renewable Chemicals Market Analysis – By Application

8.1         Overview

8.2         Asia Pacific Renewable Chemicals Market Breakdown, by Application, 2020 & 2028

8.3         Food and Beverage

8.3.1        Overview

8.3.2        Food and Beverage: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Agriculture

8.4.1        Overview

8.4.2        Agriculture: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Textiles

8.5.1        Overview

8.5.2        Textiles: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.6         Transportation

8.6.1        Overview

8.6.2        Transportation: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.7         Chemical Intermediates

8.7.1        Overview

8.7.2        Chemical Intermediates: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.8         Packaging

8.8.1        Overview

8.8.2        Packaging: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.9         Bio-Medical and Pharmaceuticals

8.9.1        Overview

8.9.2        Bio-Medical and Pharmaceuticals: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

8.10      Others

8.10.1     Overview

8.10.2     Others: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

9.           Asia Pacific Renewable Chemicals Market – Country Analysis

9.1         Asia Pacific: Renewable Chemicals Market

9.1.1        Asia Pacific: Renewable Chemicals Market, by Key Country

9.1.1.1          Australia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.1.1.1.1          Australia: Renewable Chemicals Market, by Product

9.1.1.1.2          Australia: Renewable Chemicals Market, by Application

9.1.1.2          China: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.1.1.2.1          China: Renewable Chemicals Market, by Product

9.1.1.2.2          China: Renewable Chemicals Market, by Application

9.1.1.3          India: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.1.1.3.1          India: Renewable Chemicals Market, by Product

9.1.1.3.2          India: Renewable Chemicals Market, by Application

9.1.1.4          Japan: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.1.1.4.1          Japan: Renewable Chemicals Market, by Product

9.1.1.4.2          Japan: Renewable Chemicals Market, by Application

9.1.1.5          South Korea: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.1.1.5.1          South Korea: Renewable Chemicals Market, by Product

9.1.1.5.2          South Korea: Renewable Chemicals Market, by Application

9.1.1.6          Rest of Asia Pacific: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.1.1.6.1          Rest of Asia Pacific: Renewable Chemicals Market, by Product

9.1.1.6.2          Rest of Asia Pacific: Renewable Chemicals Market, by Application

10.        Overview- Impact of COVID-19 on Asia Pacific Renewable Chemicals Market

10.1      Impact of COVID-19 on Renewable Chemicals Market

10.2      Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

The industry landscape chapter gives a brief knowledge about various product developments, partnerships, mergers and acquisitions, as well as collaboration strategies implemented by companies at a global level to enhance their product offerings and footprint across industries, thereby boosting their annual revenue growth.

11.2      Product & Service Launch

11.3      Partnership

11.4      Merger & Acquisition

11.5      Expansion

11.6      Business Planning and Strategy

11.7      Joint Venture

11.8      Collaboration

12.        Company Profiles

12.1      The Archer-Daniels-Midland Company

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Cargill, Incorporated.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      DSM

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      BASF SE

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      The Dow Chemical Company

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Braskem S.A.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Evonik Industries AG

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Solvay

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Amyris Inc.

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Genomatica, Inc.

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index

LIST OF TABLES

Table 1.             Asia Pacific: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Australia Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 3.             Australia Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4.             China Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 5.             China Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 6.             India Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 7.             India Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8.             Japan Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 9.             Japan Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 10.          South Korea Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 11.          South Korea Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 12.          Rest of Asia Pacific Renewable Chemicals Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 13.          Rest of Asia Pacific Renewable Chemicals Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Renewable Chemicals Market Segmentation

Figure 2.           Renewable Chemicals Market Segmentation – By Country

Figure 3.           Asia Pacific Renewable Chemicals Market Overview

Figure 4.           Biopolymers Segment is Fastest Growing Segment in the Asia Pacific Renewable Chemicals Market

Figure 5.           China Held Largest Share of Asia Pacific Renewable Chemicals Market

Figure 6.           Asia Pacific Renewable Chemicals Market, Industry Landscape

Figure 7.           Porter ‘s Five Forces Analysis for Renewable Chemicals Market

Figure 8.           Renewable Chemicals Market– Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        Renewable Chemicals Market Impact Analysis of Drivers and Restraints

Figure 11.        Asia Pacific: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Renewable Chemicals Market Breakdown, By Product, 2020 and 2028 (%)

Figure 13.        Asia Pacific Renewable Chemicals Market Breakdown, by Application, 2020 & 2028

Figure 14.        Food and Beverage: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Agriculture: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Textiles: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Transportation: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Chemical Intermediates: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Packaging: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Bio-Medical and Pharmaceuticals: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Others: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Asia Pacific: Renewable Chemicals Market, by Key Country – Revenue (2020) (USD Million)

Figure 23.        Asia Pacific: Renewable Chemicals Market Revenue Share, by Key Country (2020 and 2028)

Figure 24.        Australia: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 25.        China: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 26.        India: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 27.        Japan: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 28.        South Korea: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 29.        Rest of Asia Pacific: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 30.        Impact of COVID-19 Pandemic in Asia Pacific  
  1. The Archer-Daniels-Midland Company
  2. Cargill, Incorporated
  3. DSM
  4. BASF SE
  5. The Dow Chemical Company
  6. Braskem S.A.
  7. Evonik Industries AG
  8. Solvay
  9. Amyris Inc.
  10. Genomatica, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific renewable chemicals market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific renewable chemicals market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific renewable chemicals market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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