Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Renewable Chemicals Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Renewable Chemicals Industry in 2024 and 2025?
The market size of renewable chemicals has seen swift expansion in the past few years. The market which was valued at $117.68 billion in 2024 is predicted to increase to $130.04 billion in 2025, with a CAGR of 10.5%.
What Is the Projected Market Size of the Renewable Chemicals Market in 2029?
By 2029, the renewable chemicals market is projected to reach a size of $216.5 billion, growing at a compound annual growth rate (CAGR) of 13.6%.
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What Are the Key Drivers of Renewable Chemicals Market Growth?
The key Drivers in the renewable chemicals market are:
• Rising demand for renewable chemicals in the automotive industry
• Utilization of biopolymers from renewable sources in automobile manufacturing
• Recent increase in the production of automobiles
• Growth in automobile sales particularly in emerging markets such as India and China
What Are the Primary Segmentation Categories in the Renewable Chemicals Market?
The renewable chemicalsmarket covered in this report is segmented –
1) By Product Type: Ethanol, Ketones, Biopolymers, Platform Chemicals, Other Product Types
2) By Feedstocks: Biomass, Corn, Sugarcane, Algae, Other Feedstocks
3) By End-Use: Automotive, Medical, Food And Beverages, Petrochemicals, Textiles, Agriculture, Other End-Uses
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What Are the Major Trends Shaping the Renewable Chemicals Market in 2025 and Beyond?
The key trends in the renewable chemicals market are:
• Product innovation is increasingly becoming a notable trend in the renewable chemicals market.
• The market is being shaped by major companies focusing on technological advancements.
• There is a rising trend in the creation of sustainable products from renewable materials.
• The development of sustainable raw materials for various industries showcases advancement in the renewable chemicals market.
Who Are the Emerging Players in the Renewable Chemicals Market?
The key players in the renewable chemicals market are:
• Archer-Daniels-Midland Company
• Amyris Inc.
• BASF SE
• Bioamber Inc.
• Biomethanol Chemie Nederland BV
• Corbion NV
• Metabolix Inc.
• Genomatica Inc.
• NatureWorks LLC
• Novozymes A/S
• Evonik Industries AG
• Cargill Inc.
• Myriant Corporation
• Mitsubishi Chemical Corporation
• Koninklijke DSM NV
• Cobalt Technologies Ltd.
• Solazyme Inc.
• Elevance Renewable Sciences Inc.
• Gevo Inc.
• Avantium Technologies BV
• Virent Inc.
• Anellotech Inc.
• Verdezyne Inc.
• Rennovia Inc.
• Terravia Holdings Inc.
• American Process Inc.
• Clariant AG
• Global Bioenergies SA
• Kiverdi Inc.
• LanzaTech Inc.
Which Regions Are Leading the Growth in the Global Renewable Chemicals Market?
North America was the largest region in the renewable chemicals market in 2024
