Asia-Pacific renewable chemical market is anticipated to grow at a CAGR of 10.6% during the forecast period (2021-2027). The rising interest of chemical manufacturers towards renewable chemicals owing their environment friendly attributes is a key factor driving the growth of the Asia-Pacific renewable chemical market. Teijin Ltd., Mitsubishi Chemical Corp., Novozymes, Braskem SA, Methanex Corp., Abengoa SA, BASF SE, and Royal DSM NV are some of the key players operating in the Asia-Pacific renewable chemical market. These players are adopting different growth strategies such as new product launch, investment in R&D, and product portfolio expansion among others to expand their market share in the global marketplace.
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For instance, in July 2020, Praj Industries Ltd. an Indian process and project engineering company announced to foray into developing technologies to produce bio-based renewable chemicals and materials (RCM). Through RCM, the company has launched a new portfolio called Bio-Prism which comprises variety of bio-industrial products including bio plastics as a priority along with cellulose-lignin refinery products and specialty products. These products will be having their application in automotive, packaging, furnishing, construction, agriculture, and food sectors.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Product Type
· By Application
Competitive Landscape- Teijin Ltd., Mitsubishi Chemical Corp., Novozymes, Braskem SA, Methanex Corp.
Key questions addressed by the report
· What is the market growth rate?
· Which segment and region dominate the market in the base year?
· Which segment and region will project the fastest growth in the market?
· How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of Asia-Pacific Renewable Chemical Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-renewable-chemical-market
Global Renewable chemical Market Report Segment
By Product Type
· Alcohols
· Organic Acids
· Ketones
· Platform Chemicals
· Biopolymers
· Others (Bio-based 1,3-PDO, ECH, and 1,4-BDO))
By Applications
· Transportation
· Textiles
· Food safety
· Housing
· Bio-Medical
· Agriculture
· Other Applications
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
