Argentina Green Chemicals Market Overview, 2029

Argentina Green Chemicals Market Overview, 2029

The green chemicals market in Argentina has been slowly building up steam as the country takes a step towards sustainability, trying to reduce its dependency on petrochemicals. With such an agriculture economy, the country has a lot to contribute toward developing bio-based chemicals from renewable sources like soybeans, corn, and sugarcane. The market for green chemicals in Argentina is still in its early stages compared to other South American countries, but it is expected to expand due to increasing environmental awareness and demand for eco-friendly products. Its strategic location and access to vast agricultural resources make Argentina an important player in the region's green chemicals market. Chemicals is the third-largest industrial source of direct CO 2 emissions and the largest consumer of energy. Chemicals are used in nearly all other sectors to manufacture a vast range of products-from single-use plastic packaging to wind turbine blades and building materials. This demand for chemicals will continue to grow until 2050. That sets under a need to make the right investment today to move the sector away from fossil fuels, and sustainability is one of the major focuses of Argentina as it strives to reduce its environmental footprint toward a greener economy. The transition emphasizes the need for the green chemicals industry because alternatives to fossil fuel-based products are less destructive to the environment. It contributes to decreased greenhouse gas emissions due to the use of renewable agricultural resources and supports circular economy principles adapted by the green chemicals market in Argentina. This drives the bio-based chemicals sector, making Argentina ready to meet the international environmental standard and enhance its export prospects for the green product.

According to the research report ""Argentina Green Chemicals Market Overview, 2029,"" published by Bonafide Research, the Argentina Green Chemicals is anticipated to add to more than USD 400 Million by 2024–29. Argentina's green chemicals industry has shown tremendous progress in recent years. In areas where the productivity of agricultural feedstock is on the high side, investments in biorefineries that convert agricultural feedstock into biofuels and chemicals have mushroomed. Another trend is collaborative research initiatives among academic institutions and industries. New bio-based materials- biodegradable plastics and biopesticides are being developed. Argentina's green chemicals market is expected to generate huge economic impacts in the years to come. Jobs, rural development, and investments by foreign and domestic companies make this sector important in economic development. The sector will also increase its demand for expert labor, such as labor specialized in biotechnology and sustainability management, as more companies opt for sustainable practice. Further, producing bio-based chemicals will also spur Argentina's export capacity, making Argentina a major country in the international green economy. However, the green chemicals market in Argentina is subject to many restrictions. Major infrastructure constraints, notably for transportation and storage of bio-based materials, impede growth in the market. Production costs are also very high and compounds entry into the market for small and medium enterprises. Uncertainty regarding the standards of bio-based products makes market entry as well as investment challenging. Argentina's green chemicals market offers many growth opportunities. Argentina can capitalize on its raw material resources to become a new major exporter of bio-based chemicals, which will simultaneously respond to growing global demand for more sustainable products. The increasing need for the emerging class of bio-based agrochemicals, including both biopesticides and biofertilizers, will provide additional avenues for new product development. Public-private partnerships will make funding and support for research and development in these green technologies more accessible. In a world where the eco-aware customer is now more than ever, companies have a chance to innovate and expand their lines in products which are sustainably produced.

There are different types of products included in this market, which include bio-alcohols, bio-organic acids, bio-ketones, bio-polymers, and bio-solvents. Argentina already leads the country in producing bio-alcohols, primarily bio-ethanol that is produced from sugarcane and corn. Argentina indeed occupies a strategic position as one of the biggest bio-ethanol makers in Latin America through the optimization of agricultural inputs. The market here will surely experience higher growth because of the improvements in renewable sources of energy and government policies supporting biofuels. The bio-organic acids segment is experiencing growth because it finds applications in food preservation, pharmaceuticals, and biodegradable plastics. Major products include lactic acid and acetic acid. The Argentine market is also gaining demand for such acids because many industries have recognized the importance of sustainable practices. The food and beverage industry is vital to organic acids, as they use them as preservatives and flavor enhancers. Bio-ketones are a developing theme in the context of green chemicals in Argentina. Solvent and chemical intermediate applications of this production make it develop ease and economy due to betterment in research biotechnology, and thus making this area expand further due to the search by the industry for replacement molecules to replace the traditional solvent molecules. Bio-polymer materials, like polylactic acid, have been gaining popularity mainly due to their degradability and consequently the reduced environmental impact when compared to the traditional plastics. Packaging in Argentina joins the rest of the industries in ramping up adoption of this material as consumers seek more eco-friendly packaging. Rules for adoption also help the ecological elements expand in the market. Such requirements of bio-solvents are triggered by the fact that industries become keen to find safer alternatives to petroleum-based solvents. Bio-solvents are less toxic and greener, making them more suitable applications in paints, coatings, and cleaning products.

Environment awareness and the use of green chemicals in Argentina will show a good growth path in the next six years, mainly for their applications in farming, drinking water, and other sectors requiring sustainable solutions. Demand for green packaging solutions in Argentina is growing due to the consumer's demand for sustainable products. Bio-based polymers and biodegradable materials are fast gaining momentum in the manufacture of eco-friendly low-environment-impact packaging. This move is further encouraged by governments that encourage sustainability in manufacturing processes. In that direction, the health industry is also embracing green chemicals towards the development of nontoxic personal care items and pharmaceuticals. Consumers are now demanding safer alternative use in cosmetics and healthcare products, and for this reason, natural preservatives and surfactants are coming into limelight. Green chemicals are being used in the constructions of buildings in Argentina to make this industry more sustainable. New eco-friendly construction materials are being developed, including bio-based adhesives and sealants, to reduce the carbon footprint of building projects. This shift goes beyond simply regulatory compliance as it leans towards responding to growing market demand for sustainable building practices.

The food and beverages industry is increasingly switching to green chemicals for packaging and processing. Natural additives from renewable sources that have emerged as in-demand products due to the preference of consumers for more organic and sustainable food products are also on the rise. There is also a growing use of bio-based packaging materials to reduce waste from plastics. The paints and coatings industry in Argentina continues to go greener with the incorporation of green chemicals. Low VOC water-based paints attract attention, responding to regulatory pressure in combination with societal aspiration for healthier indoor environments. Avenues in the automotive sector are also being looked into for green chemicals for the lubricants and coatings, which can reduce environmental footprint. Pressure for e-cars and sustainable manufacturing processes is also ensuring the usage of eco-friendly materials. Along with these prominent industries, agriculture also receives green chemistry in the form of sustainable fertilizers and pest controls. The work is focused on reducing chemical runoff and increasing soil health.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Green Chemicals market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Bio Alcohols
• Bio Organic Acids
• Bio Ketones
• Bio Polymers
• Bio Solvents
• Others Product Types

By Applications
• Packaging
• Healthcare
• Pharmaceuticals & Personal Care Products
• Construction
• Food & Beverages
• Paints & Coatings
• Automotive
• Other Applications

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Green Chemicals industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.