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  • Algeria
    Europe’s unforced errors in the Maghreb

    Europe’s unforced errors in the Maghreb

    Algeria: Heatwave forecast across central and northeastern regions through at least July 2

    Algeria: Postal workers on strike as of Jan. 29

    Algeria tenders to buy nominal 50000 tonnes durum wheat -traders – Nasdaq

    Pan African Parliament president Charumbira in Algeria

    Pan African Parliament president Charumbira in Algeria

    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

    Iran, Nigeria set up joint sci-tech working group

    Iran, Nigeria set up joint sci-tech working group

  • Egypt
    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

    India and Egypt Expand Space Cooperation through a Strategic Partnership

    India and Egypt Expand Space Cooperation through a Strategic Partnership

    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

    Egypt efforts to modernise aircraft inventory to drive defence expenditure

    Egypt efforts to modernise aircraft inventory to drive defence expenditure

    Is now the right time for Egypt's government IPOs? – Daily News Egypt

    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Libya
    Ministry of Economy convenes meeting on food and drug security

    Ministry of Economy convenes meeting on food and drug security

    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

    Libya, Italy sign agreements to enhance cooperation

    Eni signs $8bn gas deal with Libya amid political unrest

    Eni signs $8bn gas deal with Libya amid political unrest

    Arab states boycott regional meeting in divided Libyan capital – World

    Arab states boycott regional meeting in divided Libyan capital – World

    Libya: Heightened security, disruptions likely as of early June 11 following clashes between armed groups in Tripoli

    Libya: Clashes erupted at Tripoli International Airport between militias aligned with Government of National Unity early Jan. 19

    Trending Tags

    • Morocco
      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

      Africa IVD Market to be Worth $1.78 Billion by 2029

      Africa IVD Market to be Worth $1.78 Billion by 2029

      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

      Fifty local elected officials from the Oriental region trained in territorial coaching

      Fifty local elected officials from the Oriental region trained in territorial coaching

      Global Morocco Cosmetics Market Size, Share, Movements By Trend Analysis, Growth Status, Revenue Analysis To 2028

      Trending Tags

      • South Sudan
        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

        South Sudan president directs payment of UN membership arrears – Sudan Tribune

        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

        South Sudan President’s Video | Nation/World

        South Sudan President’s Video | Nation/World

        Is South Sudan the next major migration movement in the making?

        Is South Sudan the next major migration movement in the making?

        11 killed in South Darfur attacks says state government

        11 killed in South Darfur attacks says state government

        Trending Tags

        • Sudan
          Gives on the Go is the space for helping business owners with business credit and financing.

          Gives on the Go is the space for helping business owners with business credit and financing.

          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

          The Indonesian Ambassador to Khartoum Received a Visit from the Jambi Student Association

          The Indonesian Embassy in Khartoum Supports the Graduation Ceremony of Indonesian Students in Sudan

          Trending Tags

          • Tunisia
            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

            Gunmen kill eight at birthday party in South Africa-Police

            Gunmen kill eight at birthday party in South Africa-Police

            IoT In Banking & Financial Services Market to See Booming Growth

            Another uprising is in the making in Tunisia | Opinions

            Another uprising is in the making in Tunisia | Opinions

            Algeria opens doors to tourists, visa on arrival plan – Arabian Business

            Algeria Takes New Measures to Boost Desert Tourism

            Algeria Takes New Measures to Boost Desert Tourism

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            • North Africa
              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

              Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              Trending Tags

              • Middle east
                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                تحدد جمعية زوجات الضباط البحريين (NOWA) 16 من الإنجازات الرئيسية لحاجيه عائشة غامبو في عامين

                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                تستقطب قمة الخليج للشؤون الدوائية في نسختها الثامنة في دبي عام 2023

                ء ﺑﺎﻟﯿﻮم ﻣﺴﺎﺑﻘﺔ اﻟﺸﺒﺎب ﻟﻠﻔﻨﻮن ﺗﺘﯿﺢ ﻟﻠﻤﻮھﻮﺑﯿﻦ اﻟﺸﺒﺎب ﻓﻲ ﺟﻤﯿﻊ أﻧﺤﺎء اﻟﻌﺎﻟﻢ ﻓﺮﺻﺔ اﻹﺑﺪاع اﺣﺘﻔﺎ اﻟﻌﺎﻟﻤﻲ ﻟﻸﺣﯿﺎء اﻟﺒﺮﯾﺔ

                Youth Artists Across the World Called to get Creative for Wildlife

                Trending Tags

                • Press releases

                  UHT Processing Market Statistics, Growth, Trends & Forecasts

                  Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

                  Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

                  Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

                  Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

                  Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

                  Data Center Power Market Projected to Gain $26.1 billion by 2025

                  Low VOC Adhesives Market worth $63.3 billion by 2026

                  Low VOC Adhesives Market worth $63.3 billion by 2026

                  Trending Tags

                  • Algeria
                    Europe’s unforced errors in the Maghreb

                    Europe’s unforced errors in the Maghreb

                    Algeria: Heatwave forecast across central and northeastern regions through at least July 2

                    Algeria: Postal workers on strike as of Jan. 29

                    Algeria tenders to buy nominal 50000 tonnes durum wheat -traders – Nasdaq

                    Pan African Parliament president Charumbira in Algeria

                    Pan African Parliament president Charumbira in Algeria

                    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

                    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

                    Iran, Nigeria set up joint sci-tech working group

                    Iran, Nigeria set up joint sci-tech working group

                  • Egypt
                    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

                    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

                    India and Egypt Expand Space Cooperation through a Strategic Partnership

                    India and Egypt Expand Space Cooperation through a Strategic Partnership

                    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

                    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

                    Egypt efforts to modernise aircraft inventory to drive defence expenditure

                    Egypt efforts to modernise aircraft inventory to drive defence expenditure

                    Is now the right time for Egypt's government IPOs? – Daily News Egypt

                    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

                    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

                    Trending Tags

                    • Commentary
                    • Featured
                    • Event
                    • Editorial
                  • Libya
                    Ministry of Economy convenes meeting on food and drug security

                    Ministry of Economy convenes meeting on food and drug security

                    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

                    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

                    Libya, Italy sign agreements to enhance cooperation

                    Eni signs $8bn gas deal with Libya amid political unrest

                    Eni signs $8bn gas deal with Libya amid political unrest

                    Arab states boycott regional meeting in divided Libyan capital – World

                    Arab states boycott regional meeting in divided Libyan capital – World

                    Libya: Heightened security, disruptions likely as of early June 11 following clashes between armed groups in Tripoli

                    Libya: Clashes erupted at Tripoli International Airport between militias aligned with Government of National Unity early Jan. 19

                    Trending Tags

                    • Morocco
                      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

                      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

                      Africa IVD Market to be Worth $1.78 Billion by 2029

                      Africa IVD Market to be Worth $1.78 Billion by 2029

                      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

                      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

                      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

                      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

                      Fifty local elected officials from the Oriental region trained in territorial coaching

                      Fifty local elected officials from the Oriental region trained in territorial coaching

                      Global Morocco Cosmetics Market Size, Share, Movements By Trend Analysis, Growth Status, Revenue Analysis To 2028

                      Trending Tags

                      • South Sudan
                        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

                        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

                        South Sudan president directs payment of UN membership arrears – Sudan Tribune

                        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

                        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

                        South Sudan President’s Video | Nation/World

                        South Sudan President’s Video | Nation/World

                        Is South Sudan the next major migration movement in the making?

                        Is South Sudan the next major migration movement in the making?

                        11 killed in South Darfur attacks says state government

                        11 killed in South Darfur attacks says state government

                        Trending Tags

                        • Sudan
                          Gives on the Go is the space for helping business owners with business credit and financing.

                          Gives on the Go is the space for helping business owners with business credit and financing.

                          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

                          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

                          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

                          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

                          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

                          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

                          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

                          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

                          The Indonesian Ambassador to Khartoum Received a Visit from the Jambi Student Association

                          The Indonesian Embassy in Khartoum Supports the Graduation Ceremony of Indonesian Students in Sudan

                          Trending Tags

                          • Tunisia
                            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

                            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

                            Gunmen kill eight at birthday party in South Africa-Police

                            Gunmen kill eight at birthday party in South Africa-Police

                            IoT In Banking & Financial Services Market to See Booming Growth

                            Another uprising is in the making in Tunisia | Opinions

                            Another uprising is in the making in Tunisia | Opinions

                            Algeria opens doors to tourists, visa on arrival plan – Arabian Business

                            Algeria Takes New Measures to Boost Desert Tourism

                            Algeria Takes New Measures to Boost Desert Tourism

                            Trending Tags

                            • North Africa
                              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

                              Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

                              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

                              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

                              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

                              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              Trending Tags

                              • Middle east
                                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                                تحدد جمعية زوجات الضباط البحريين (NOWA) 16 من الإنجازات الرئيسية لحاجيه عائشة غامبو في عامين

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                تستقطب قمة الخليج للشؤون الدوائية في نسختها الثامنة في دبي عام 2023

                                ء ﺑﺎﻟﯿﻮم ﻣﺴﺎﺑﻘﺔ اﻟﺸﺒﺎب ﻟﻠﻔﻨﻮن ﺗﺘﯿﺢ ﻟﻠﻤﻮھﻮﺑﯿﻦ اﻟﺸﺒﺎب ﻓﻲ ﺟﻤﯿﻊ أﻧﺤﺎء اﻟﻌﺎﻟﻢ ﻓﺮﺻﺔ اﻹﺑﺪاع اﺣﺘﻔﺎ اﻟﻌﺎﻟﻤﻲ ﻟﻸﺣﯿﺎء اﻟﺒﺮﯾﺔ

                                Youth Artists Across the World Called to get Creative for Wildlife

                                Trending Tags

                                • Press releases

                                  UHT Processing Market Statistics, Growth, Trends & Forecasts

                                  Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

                                  Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

                                  Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

                                  Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

                                  Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

                                  Data Center Power Market Projected to Gain $26.1 billion by 2025

                                  Low VOC Adhesives Market worth $63.3 billion by 2026

                                  Low VOC Adhesives Market worth $63.3 billion by 2026

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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
                                  Phototherapy Equipment Market Size Forecast to Reach $1.2 Billion by 2026
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                                  (EMAILWIRE.COM, January 17, 2022 ) Renewable Chemicals market size is forecast to reach US$ 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.

                                  Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=11695

                                  Report Price: $ 4500 (Single User License)

                                  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.

                                  Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=11695

                                  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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