Chemical security

Global Renewable Chemicals Market Poised to Surge from USD 50.0 Billion in 2015 to USD 85.0 Billion by 2021 – MarketResearchStore.Com

Zion Research has published a new report titled “Renewable Chemicals (Biopolymers, Ketones, Alcohols, Platform Chemicals, Organic Acids and Others) Market for Textiles, Environment, Housing, Health & Hygiene, Agriculture, Transportation, Food Safety, Communication, Recreation, Bio-Medical and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for renewable chemicals market was valued at over USD 50.0 billion in 2015 and it is expected to reach around USD 85.0 billion in 2021, growing at a CAGR of above 11% between 2016 and 2021.

Rapidly depleting fossil derived resources has been resulted into increasing demand for renewable resources for the production of chemicals. Renewable resources are natural resources and also known as eco-friendly resources. Renewable chemicals can be defined as chemicals that are produced with the use of biomass as a raw material, which can be utilized in manufacturing of formulated products, plastics and polymers.