Industry News

Global Renewable Chemicals Market to Reach $66.1 Billion by 2018, Predicts GIA

Transition towards renewable energy is presenting immense opportunities for renewable chemicals

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By: DAVID SAVASTANO

Editor, Ink World Magazine

GIA has released a comprehensive global report on the renewable chemicals markets. Global market for renewable chemicals is projected to reach $66.1 billion by 2018, driven by spiraling petroleum prices, rising demand for eco-friendly products and growing focus on environmental protection. Over the last century, fossil fuels have been contributing significantly to environmental damage. Production of chemicals using fossil feedstocks releases high concentration of hazardous gases into the atmo...

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