North America 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: TIPRE00024955 | Pages: 149 | Industry: Chemicals and Materials | Date: Sep 2021
Covid

Market Introduction

The North America 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. Renewable chemicals replaced the demand for traditional petroleum-based chemicals and gained approval in the commercial production of advanced products in many sectors such as food and beverages, agriculture, textiles, transportation, packaging and others. Mostly, they are used in the production of several surfactants and lubricants, plastics, consumer goods, resins, and other such products. In response to the expanding demand for renewable chemicals across diverse industrial sectors, several manufacturers have aided the supply with advanced product development. For instance, Trucent Renewable Chemicals is involved in the production of environment-friendly and plant-based chemicals, which are significantly used in the formulation of paints and surfactants, personal care products, animal feed, coolants, and lubricants. The demand for renewable chemicals is also rising from the end users of polymers, such as IKEA and Nike. Such companies focus on significant contribution toward sustainability along with maintaining strong image and hedging the rise in oil prices in future. Therefore, expanding industrial base propels the demand for renewable chemicals in North America market.  

In North America, the US 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 several industrial sectors negatively impacted the demand for renewable chemicals in North America. The disruptions in terms of sourcing of raw materials from suppliers as well as temporary closures of manufacturing base 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 North America. 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 North America is expected to grow from US$ 23,053.80 million in 2021 to US$ 49,773.91 million by 2028; it is estimated to grow at a CAGR of 11.6% from 2021 to 2028. Several research studies identify the importance of renewable chemicals, composed of lignocellulose structure, which promotes the concept of bioeconomy and environment. Researchers at several academics and institutions, associations, and companies are developing products that could be effectively used as a substitute to conventional petroleum-derived fuels such as gasoline, jet fuel, and diesel, owing to the growing focus on environment sustainability. The research conducted by them is focused toward introducing and promoting new innovations and trends, along with highlighting practical challenges and relative solutions regarding renewable chemicals. The research and development activities are also supported by manufacturers. For instance, in 2018, Braskem expanded its focus on research, development, and commercialization of chemicals and materials synthesized from renewable feedstocks. The company commenced a new facility in Boston, which focused on leveraging groundbreaking developments in biotechnology and advanced materials including R&D, business and market development, and others. The initiative promotes renewable chemicals and polymers along with advanced product offerings. Following the trend toward the use of renewable chemicals, several manufacturers are producing cost-effective alternatives obtained from renewable resources to implement the use of green and sustainable chemicals and products. Therefore, the rising focus on research and development activities is expected to promote the growth of the renewable chemicals market in coming years.

Key Market Segments

Based on product, the alcohols segment accounted for the largest share of the North America renewable chemicals market in 2020. Based on application, the transportation segment accounted for the largest share of the North America 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 North America 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 North America 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 North America renewable chemicals market
  • Efficiently plan M&A and partnership deals in North America 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 North America renewable chemicals market
  • Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.



North America Renewable Chemicals Market Segmentation

North America Renewable Chemicals Market -By Type

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

North America Renewable Chemicals Market -By Application

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

North America Renewable Chemicals Market – By Country

  • US
  • Canada
  • Mexico

North America 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.           North America 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        Growing Awareness Regarding Renewable Chemicals backed by Increasing Environmental Concerns

5.1.2        Expanding Application Base Across Diverse End-Use Sectors

5.2         Market Restraints

5.2.1        Complex and Costly Manufacturing Process

5.3         Market Opportunities

5.3.1        Rising Adoption of Bio-Based Platform Chemicals

5.4         Future Trends

5.4.1        Significant Focus on Research and Development Activities to Expand Market

5.5         Impact Analysis of Drivers and Restraints

6.           Renewable Chemicals – North America Market Analysis

6.1         Renewable Chemicals Market Overview

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

7.           North America 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.           North America Renewable Chemicals Market Analysis – By Application

8.1         Overview

8.2         North America 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.           North America Renewable Chemicals Market – Country Analysis

9.1         North America: Renewable Chemicals Market

9.1.1        North America: Renewable Chemicals Market, by Key Country

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

9.1.1.1.1          US: Renewable Chemicals Market, by Product

9.1.1.1.2          US: Renewable Chemicals Market, by Application

9.1.1.2          Canada: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Canada: Renewable Chemicals Market, by Product

9.1.1.2.2          Canada: Renewable Chemicals Market, by Application

9.1.1.3          Mexico: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Mexico: Renewable Chemicals Market, by Product

9.1.1.3.2          Mexico: Renewable Chemicals Market, by Application

10.        Overview- Impact of COVID-19 on North America Renewable Chemicals Market

10.1      Impact of COVID-19 on Renewable Chemicals Market

10.2      North America: 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.             North America: Renewable Chemicals Market –Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

Table 8.             List of Abbreviation

LIST OF FIGURES

Figure 1.           Renewable Chemicals Market Segmentation

Figure 2.           Renewable Chemicals Market Segmentation – By Country

Figure 3.           North America Renewable Chemicals Market Overview

Figure 4.           Biopolymers Segment is Fastest Growing Segment in the North America Renewable Chemicals Market

Figure 5.           US Held Largest Share of North America Renewable Chemicals Market

Figure 6.           North America 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.        North America: Renewable Chemicals Market – Revenue and Forecast to 2028 (US$ Million)

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

Figure 13.        North America 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.        North America: Renewable Chemicals Market, by Key Country – Revenue (2020) (USD Million)

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

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

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

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

Figure 27.        Impact of COVID-19 Pandemic in North American  
  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 North America renewable chemicals market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
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  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America 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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