High cost of product serves a major restraint in the renewable chemicals market. The production technology used for producing these chemicals is relatively new and there is a limited production capacity for producing these chemicals, global production of these chemicals is yet to achieve economy of scale.
Request Sample pages of this report : https://www.psmarketresearch.com/market-analysis/renewable-chemicals-market/report-sample
Based on application, the renewable chemicals market is categorized into transportation, textiles, food safety, environment, communication, housing, recreation, health and hygiene, bio-medical, agriculture, and others.
Owing to stringent government regulations, environmental awareness among people to use eco-friendly products are boosting the renewable chemicals market in environment, bio-medical, and agriculture categories.
The demand for renewable chemicals in the emerging nations such as China and India are limited and is in a nascent stage. However, owing to the vast market for chemicals in order to facilitate the production processes of manufacturing industry with minimum environmental pollution, the demand for environmental friendly chemicals will rise at a significant pace in these countries.
Some of the major players operating in the global renewable chemicals market are BioAmber Inc., Genomatica Inc., Myriant Corporation, DuPont Tate & Lyle Bio Products Company LLC, Cobalt Technology LLC, BioMCN B.V., Yield10 Bioscience Inc., Corbion NV, NatureWorks LLC, and Mitsubishi Chemical Corporation.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.