MarketsandMarkets: Renewable Chemicals Market worth $67.13 billion in 2015
According to the new market research report, “Renewable Chemicals Market: Winning Imperatives & Market Forecast” published by MarketsandMarkets (www.marketsandmarkets.com), the renewable chemicals market is expected to grow at an estimated CAGR of 11.66% from 2010 to 2015 and is expected to reach to $67.13 billion in 2015. Renewable ethanol is the most commercialized segment while Iso-butanol and succinic acid are on the verge of commercialization. The increasing focus on green chemistry and global concern over emission of greenhouse gases has given a boost to the renewable chemicals market. Browse in-depth TOC on Renewable Chemicals Market: Winning Imperatives & Market Forecast http://www.marketsandmarkets.com/Market-Reports/renewable-chemical-274.html While chemicals were first derived from petroleum feedstock in 1872, the possibility of extracting chemicals from biomass was not explored until the last decade of the 19th century. Carbon black was the first non-renewable chemical made from petroleum; and Union Carbide, the wholly owned subsidiary, of Dow Chemical Company was one of the pioneers in this industry. Ethanol was first used as transportation fuel in 1908, when Henry Ford designed the Model T car to operate on a mixture of alcohol and gasoline. Government support, development of new technologies and widely available feedstock are major drivers for the renewable chemicals industry while the high set-up cost is a major drawback. New markets such as India and China provide new opportunities for renewable chemicals. SCOPE AND FORMAT The report analyzes renewable chemicals market:
On the basis of products, applications and technologies On the basis of geographies of U.S., Brazil, Europe, Asia and RoW Major companies in the renewable chemicals market
About MarketsandMarkets
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com Contact: Ms. Sunita 7557 Rambler Road, Suite 727, Dallas, TX 75231 Tel: +1-888-989-8004 Email: sales@marketsandmarkets.com http://www.marketsandmarkets.com http://marketsandmarkets.blogspot.com/