The global Renewable Chemicals market is projected to reach US$125. 6billion by 2025

New York, Sept. 09, 2020 (GLOBE NEWSWIRE) — announces the release of the report “Global Renewable Chemicals Industry” –
The many disadvantages of traditional petrochemicals driving interest in renewable chemicals include major role in contributing towards environmental pollution; resource limitations; and generation of toxic byproducts and effluents. As the circular economy becomes the new normal, renewable chemicals will become mainstream feedstock`s in production activities. The circular economy flaunts the potential to create over US$5. 6 trillion worth of new opportunities for eco-friendly technologies among which renewable chemicals stands strong. Ozone depleting use of chemicals such as CFCs are already being phased out as the focus shifts to biosphere integrity. The circular transition impacts all industries and the use of renewable chemicals will expand far and wide across the manufacturing space. The market stands to benefit from technology innovations such as development of new renewable chemical platforms; evolving supply chains to support demand for alternative feedstock`s; innovation in production processes; continuous scaling up of commercial production; and increased research and development interest in green chemistry. Biomass is currently a rich renewable source for developing eco-friendly chemicals for industrial applications. Pyrolysis is an emerging technology that promises commercial level success in converting biomass into bio-oil, char and gases. While alcohols have been the major product segment that has achieved tremendous success over the years, other renewables such as polymers are growing in prominence in recent years.
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