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                    France-Algeria relations: Colonial past still dominates ties – DW (English)

                    What is to be made of the Cranes fans expecting Algeria to field a … – Monitor

                    Hungarian Town Worries New EV Battery Plant Will Destroy Water … – International Environmental Technology

                    Aviation's worst: Nigeria, Bangladesh, Algeria, Pakistan, Lebanon – eTurboNews | eTN

                    VESCO Algeria Signs Two MOUs with Elite Capital & Co. to Finance Two Dairy Farm and Greenhouse Projects – EIN News

                    ChatGPT app for iPhone now available in India; how to download, features and more – Business Today

                  • Egypt

                    Egypt approves local initiatives to convert vehicles to run on … – Ahram Online

                    Fawry signs agreement with WFP for cutting-edge multi-purpose cash-assistance platform in Egypt – ZAWYA

                    ‘You were a ray of sunlight’: 3 IDF troops killed in Egypt border shooting buried – The Times of Israel

                    Egypt to increase FY 2023/24 healthcare spending by 15 percent … – Ahram Online

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                    Communications Ministry cooperates with GIZ in e-government … – Daily News Egypt

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                    LIBYA : TotalEnergies sparks tensions by choosing Basalt as its … – Africa Intelligence

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                    UBS considers delaying results after Credit Suisse rescue – FT – Yahoo Canada Finance

                    Eastern Libya forces stage mass deportation of Egyptian migrants – Reuters.com

                    Google celebrates life of Saudi novelist and critic Abdul Rahman … – Arabian Business

                    Ministry of Transport plans to develop Libya-Tunisia Ras Jedir … – Libya Update

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                    • Morocco

                      The 10 fastest high-speed trains in the world – Railway Technology

                      Morocco's King, After Long Trips Abroad, Works To 'Restore Authority' – Barron's

                      Morocco – ancient and seaside holiday cities, architectural wonders … – Budapest Times

                      Jill Biden Expresses Gratitude to Morocco's Royal Family for Warm … – Morocco World News

                      FVC to Showcase Latest Technology Offerings at GITEX Africa 2023 – ZAWYA

                      Amir Ohana To Visit Morocco In Early June, A First For Israel's … – i24NEWS

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                      • South Sudan

                        As Sudan war rages, country's health system nears breaking point – ABC News

                        Sudan: Clashes between SAF and RSF – Flash Update No. 14 (28 … – ReliefWeb

                        Sudan's army says it is committed to seven-day ceasefire mediated … – The National

                        COLUMN: Sudan at war; refugees at our door | Pius Kamau – Colorado Springs Gazette

                        Eritrea accused of forcibly repatriating civilians caught up in Sudan fighting – The Guardian

                        Mass exodus from Sudan as deadly fighting enters third week – FRANCE 24 English

                        Trending Tags

                        • Sudan

                          Sudan fighters take over Khartoum museum raising fears for safety … – Arab News

                          Saudi foreign ministry calls on Sudan factions to agree new ceasefire – Reuters

                          Sudan Country Refugee Response Plan Addendum, January … – ReliefWeb

                          US, Saudi Arabia urge Sudan's warring parties to agree to a new cease-fire, fighting continues – The San Diego Union-Tribune

                          Sudan: How the generals disappeared the people on the way to the … – African Arguments

                          RSF advisor: 'Hemedti is alive and is leading the battle in Sudan … – Radio Dabanga

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                            EBRD First Vice President visits Tunisia – EBRD

                            Conservatives call out multinational corporations for supporting pride month in America, but not Middle East – Fox Business

                            Tax the wealthiest to avoid IMF, says Tunisia’s president – Al Jazeera English

                            Aberdeen linked with Ipswich Town midfielder and Tunisia international Idris El Mizouni – Aberdeen Live

                            Tunisia carry Arab hopes into knock-out stages of 2023 FIFA U-20 … – Arab News

                            Kenya's 'Kahawa Black,' Uganda's 'Big three' set for SA's Durban FilmMart – The East African

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                              ملتقى الاستثمار السنوي 2023 يناقش دور التكنولوجيا الرقمية في تصميم مدن المستقبل

                              Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

                              BZR on Coinstore – a Significant Milestone for Bazaars

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                              Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                              Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                              أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                              أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                              أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

                              أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

                              GCC health authorities and industry leaders meet to discuss pharma regulations and innovations

                              GCC health authorities and industry leaders meet to discuss pharma regulations and innovations

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                                CamScanner Enhances User Experience in Middle East with Free 30-Day Premium Membership Offer

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                                Global Project Management Forum kicks off Monday, June 12

                                Global Project Management Forum kicks off Monday, June 12

                                Global Project Management Forum kicks off Monday, June 12

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                                استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

                                استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

                                الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

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                                  Organic Olive Oil Market to Reach USD 17.83 Bn by 2029

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                                  Home Press Releases

                                  Renewable Chemicals Market Size Forecast to Reach $ 52.3 Billion by 2026

                                  admin by admin
                                  January 31, 2022
                                  in Press Releases
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                                  (EMAILWIRE.COM, January 17, 2022 ) Renewable Chemicals market size is forecast to reach US$ 52.3 Billion by 2026, after growing at a CAGR of 12.7% during 2021-2026. Renewable chemicals or ‘bio-based chemicals’ are chemicals obtained from renewable sources such as agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Polylactic acid (PLA) and polyhydroxyalkanoates are some of the most promising biopolymers as they can be produced from nontoxic renewable feedstock. Whereas, Itaconic acid is widely used as a building block for acrylic plastics. They have a lower carbon footprint compared to conventional Petro-based chemicals and are used widely as a direct substitution. It is majorly used in Automotive, Industrial, and Agriculture. Europe is considered to dominate the market on account of increasing European Union investment to establish a Green Economy coupled with stringent REACH and European Commission regulations towards petrochemicals.

                                  COVID-19 Impact

                                  The COVID-19 pandemic has had an immediate impact on the world economy and that impact goes across all industries, including Renewable Chemicals. The impact severely affected the automotive, industrial sectors as restrictions on international travel and regional and local movement avoid people and goods from socializing freely. An impact on the global renewable chemical market is yet hard to gauge. However, the regional development for a better environment has been a prior concern that might take growth in the renewable chemical market.

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                                  Renewable Chemicals Market Segment Analysis – By Source

                                  The polymeric segment held the largest share of 53% in the Renewable Chemicals Market in 2020. Naturally occurring polymers such as cellulose, chitin, starch and numerous proteins. These materials comprise lignins, hemicelluloses, suberin, terpenes, steroids, vegetable oils, oligosaccharides, polysaccharides, polyunsaturated fatty acids and lipids. These materials are widely used in diverse fields, including in paper-making, adhesives, coating materials, biomedical application and manufacturing biofuels to name a few. For example, polysaccharides converted from solar energy or carbohydrates converted through organisms are two very attractive renewable materials because of their inexhaustible sources, with a production of 1013 tons annually.

                                  Renewable Chemicals Market Segment Analysis – By Product Type

                                  The polymer segment held the largest share in the Renewable Chemicals Market in 2020. The polymer segment consists of Polylactic acid (PLA), Bio-based polyethylene, Polyhydroxyalkanoates and others are massively used in the packaging, food and beverages, and consumer goods industries. They have higher carbon dioxide, oxygen, and water permeability coefficient and therefore, they are a completely safe polymer to use as a packaging material for food packaging. For example, Polylactic acid (PLA), has excellent degradation properties and is one of the most consumed bioplastics for bio-packaging, surgical sutures, and as a substrate for organic electronics. The initiatives for the development of PLA, for instance, Futerro, a subsidiary of the Belgian Galactic group launched the first fully integrated PLA plant in China in 2020 and already planning to bring PLA production to 100,000 tons/year which will make it Asia’s leading unit in terms of capacity. On the other hand, in 2021 NatureWorks has Launched PLA Biopolymer for Large-format 3D Printing. Such development in the polymer segment will enhance the growth of Renewable Chemicals Market.

                                  Renewable Chemicals Market Segment Analysis – By Application

                                  Bio-Medical dominates the Renewable Chemicals Market growing at a CAGR of 15.8% during forecast period. Renewable chemicals provide an eco-friendly nontoxic polymer with characteristics that permit use in the human body. Environmental bio-energy harvesting (EEH) is a method of powering biomedical devices by sifting several low-grade ambient energy sources such as infrared, solar, and wireless energy transmission, and their adaptation into practical electrical energy to power the implanted devices. For instance, in 2020, Mount Sinai launched the first center for biomedical blockchain research in the USA, which could also save the healthcare industry up to US$ 150 billion per year by 2025. On the other hand, the Medical Imaging and Data Resource Center (MIDRC), a collaboration of leading medical imaging organizations funded by the National Institute of Biomedical Imaging and Bioengineering (NIBIB), has launched a repository of imaging data to facilitate medical imaging research on COVID-19. Such initiatives and developments in the Bio-medical field will bring positive impact to the Renewable Chemicals Market growth.

                                  Renewable Chemicals Market Segment Analysis – By End-Use Industry

                                  Automotive Segment dominates the Renewable Chemicals Market in 2020 growing at a CAGR of 5.6% during forecast period. The automotive sector with a sales rate of 77.9 million according to Organisation Internationale des Constructeurs d’Automobiles (OICA). They are consuming renewable chemicals such as biomass-based diesel fuels, which are biofuels made from biomass include biodiesel and renewable diesel. It can be used as petroleum diesel and are called diesel fuels because they are mostly produced for use in diesel engines. For instance, in 2019, the United States consumed about 43 million barrels (1.8 billion gallons) of biomass-based diesel fuel, nearly all as biodiesel blends with petroleum diesel. According to the United States Environmental Protection Agency (EPA), after the adoption of green chemistry whereas the design of chemical products and processes that reduce or eliminate the use or generation of hazardous substances, around 7.8 billion pounds of carbon dioxide equivalents released to air eliminated each year which is equal to taking 770,000 automobiles off the road.

                                  Renewable Chemicals Market Segment Analysis – Geography

                                  Europe region held the largest share in the Renewable Chemicals in 2020 up to 31% followed by North America and the Asia Pacific. Stringent packaging regulations in Europe have enabled significant growth in the renewable chemicals market, for instance, the European Union (EU) promotes the use of biofuels and bio-liquids as an alternative to fossil fuels in order to decrease carbon emissions from transport. The target was to have 10% of the transport fuel of every EU Member State come from renewable fuels by 2020 as part of the overall goal to fulfill at least 20% of the EU’s total energy needs with renewables as set out in the Renewable Energy Directive. Besides, abundant raw material availability, particularly in economies North and Latin America such as U.S., Brazil, and Argentina, is expected to strengthen the supply side for local manufacturers within the region. The Asia Pacific is one of the most lucrative markets owing to rising chemical demand along with increasing environmental concerns. The constant development in all the regions is enhancing the growth of the Renewable Chemicals Market.

                                  Renewable Chemicals Market Drivers

                                  Government Regulations towards Environment Safety

                                  Almost in every country, the use of renewable chemicals is massively increasing due to strict regulations and initiatives taken by the government towards better environment. For Instance, in the area of renewable fuel, Brazil has been experimenting with programs geared towards ethanol made from sugar cane and biodiesel. In this regard, about 45% of the energy and 18% of the fuels consumed in Brazil are already renewable. In China, National standards for fuel consumption limits have been established for various types of vehicles. The current Phase IV standards for passenger cars, which took effect on January 1, 2016, set a fleet average target of 5.0 L/100km for new vehicles sold in 2020. On the other hand, the Air Pollution Control Act is the main legislation concerning air pollution in Japan. The government has set a greenhouse gas (GHG) emission reduction target of 26% by 2030 (25.4% compared to 2005). Such stringent regulations and initiatives for a better and safe environment will directly impact the growth of the Renewable Chemicals Market.

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                                  Renewable Chemicals Market Challenges

                                  Requires a Huge Upfront Capital Outlay

                                  The higher cost of construction and investment in technology upfront is the major challenge that could result in preventing the growth of renewable chemicals and its implementation especially in the areas where there are potentials but lack investors. There are many region where higher construction cost makes the institution treat renewable chemicals projects as risky and this only leads to a negative approach towards renewables which could impact thousands of lives. The setbacks and the unintended consequences may hinder the market growth of Renewable Chemicals.

                                  Intense Competition from existing chemicals companies

                                  There are startups and young companies who are willing to take the challenges and successfully implementing renewable chemical projects, however, the existing market player and their influence on the market make it extremely difficult to overcome the challenges imposed by the existing or conventional sources of energy. Such technical limitations and obstacles in the development might hinder the growth of Renewable Chemicals market.

                                  Automotive OEM Coatings Market Segment Analysis – Market Landscape

                                  Technology launches, acquisitions and R&D activities are key strategies adopted by players in the UV-Curable Adhesives. Major players in the Automotive OEM Coatings Market are Metabolix Inc., BioAmber, Genomatica, Cobalt Technologies, BASF, DuPont Tate & Lyle Bio Products, Myriant Corporation, BioMCN, Corbion N.V., NatureWorks LLC, Mitsubishi Chemical Corporation and Braskem.

                                  Acquisitions/Technology Launches/ Product Launches

                                  In August 2020, TFL, a chemical company launched MAGNOPAL Pure A, an environmentally friendly, film-forming bio-polymer base on vegetable biomass. It is not only designed to substitute fossil fuel-based polymers but also offers interesting, economic application features for a wide range of different leather articles.

                                  In April, 2021, the start-up Trillium Renewable Chemicals was launched with backing from the Belgian investment firm Capricorn Partners and technology from the nonprofit Southern Research. Trillium has $8.5 million from Capricorn’s sustainable chemistry fund to scale up a Southern Research thermochemical process for converting sugars and glycerin into acrylonitrile and propylene glycol.

                                  Key Takeaways

                                  Europe dominates the Renewable Chemicals Market owing to a rapid increase in Industrial, Power and Energy sectors.

                                  The market drivers and restraints have been assessed to understand their impact on the forecast period.

                                  The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

                                  The other key areas of focus include the various applications and end-use industry in Renewable Chemicals Market and their specific segmented revenue.

                                  Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Renewable Chemicals related industries has been negatively affected, thus hampering the growth of the market.

                                  Related Reports

                                  A.Fine Chemicals Market

                                  https://www.industryarc.com/Report/15895/fine-chemicals-market.html

                                  B.Industrial Waste Water Treatment Chemicals (IWTC) Market

                                  https://www.industryarc.com/Report/18225/industrial-waste-water-treatment-chemicals-iwtc-market-research-analysis-report.html

                                  For more Chemicals and Materials Market reports, please click here

                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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