- Key Buying Criteria’s include Eco-friendliness & Cost
According to the latest research findings by the independent London-based global research firm TechNavio, increasing environmental awareness is one of the key drivers for the growth of the Renewable Chemicals Market for the 2012-2016 period.
As per research analysis, increasing environmental awareness among consumers is resulting in an urgent need for reducing pollution caused by plastics. This is one of the major reasons for the emergence of the Global Renewable Chemicals market.
Chemicals and polymers not made from natural resources are non-biodegradable and hazardous to the environment. On the other hand, polymers manufactured from biomass are relatively non-toxic, and are safer for the environment. Moreover, the production of chemicals from renewable sources is reducing carbon emission by 30–70 percent when compared to conventional chemicals. This is acting as a stimulant for the growth of the renewable chemicals market.
Some of the other factors aiding the growth of this market include availability of natural raw materials, versatility of usage and emergence of new companies who are able to operate and successfully establish themselves in this market by providing the latest technologies in the manufacture of a variety of products using renewable sources of raw materials.
Speaking on this occasion, one of the senior analyst and co-author of this report said, “In 2012, the Americas dominated the Global Renewable Chemicals market, accounting for a share of 40-44 percent in the market. The EMEA and the APAC region closely followed this. Increasing consumer demand for bio-based ethanol and stringent gasoline specifications are the major growth drivers for the market in the US.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on the https://www.technavio.com/report/global-renewable-chemicals-market-2012-2016 please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Renewable Chemicals Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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