Global bio-renewable chemical application market is segmented into bio-plastic, bio-solvents, bio-cleaners & detergents and other applications. Bio-plastic is normally used as packaging material and it emits very less green house gasses; hence, it has a great demand globally, especially in USA and Europe. In addition, bio-solvent has the maximum demand due to its wide application in industries such as industrial and domestic cleaners, paints & coatings, printing inks, pharmaceutical and personal care products. However, bio-cleaners and detergents are utilized only in detergent industry.
Bio-renewable chemical geography market analysis:
Global bio-renewable chemical geography market is segmented into North America, Europe, Asia-Pacific and rest of the world. Initiatives have been taken by the North American countries for the production and usage of chemicals. For example, USA’s “federal bio preferred and toxic substitute program”, and Canada & California’s “toxic chemical list and alternatives initiatives” are few a programs that regulate the production and usage of chemicals in the North American countries. These programs make the North American market favorable towards using bio-renewable chemical product. Many European Governments are also focusing on the environmental issues and implementing related environmental regulations for chemical manufacturing. However, Glycerin and Lactic acids are mostly used in the Middle East market as these chemicals are the main ingredients for the production of bio-diesels.
Bio-renewable chemical competitive market analysis:
The key players of global bio-renewable chemical market are BASF, Solazyme, Myriant, Elevance Renewable Sciences, BioAmber, DuPont Industrial Biosciences (Genencor), Lanza Tech, Amyris, ZeaChem and Gevo. In Germany, Evonik Indystries and Lanzatech have signed a three-year research corporate agreement, which would make value addition to its synthetic gas and polymer market.
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