Renewable Chemistry

Renewable chemistry refers to the design, production & usage of effective, safe & ecofriendly chemical processes and products. It includes various products such as biopolymers, alcohols, ketones, regenerated cellulose, polylactic acid, polyhydroxy alkenoates, organic acids, and platform chemicals. These products are derived from renewable sources such as organic wastes, agricultural wastes, agricultural feedstock, microorganisms, biomass, and renewable feedstock.

These products are used as a replacement of petrol-based compounds to reduce carbon footprint and prevent the depletion of fossil resources. Renewable chemistry products are used in multiple end-use industries such as automotive, construction, packaging, pharmaceutical, petrochemical, cleaning and detergents, textile, food & beverages, health & hygiene, and agriculture. The market trends are converging toward sustainable, organic, eco-friendly, low toxic, low polluting, biodegradable, bio feedstock, and waste-reducing products to contribute to a clean & sustainable environment. Continuous research & development, technological advancements, stringent regulations, and changing consumers preferences are also influencing the market growth.

Drivers:

• Increasing concerns regarding depleting non-renewable resources, carbon footprint, environmental degradation, and climate change will drive market growth
• Shifting manufacturer preferences toward adopting natural resources
• Stringent regulations on the disposal of petrochemical wastes
• Technological advancements in the industry
• The increasing demand for bioethanol as an alternative to fossil fuels