Green Chemicals Market Size, Share, and Analysis, By Type (Bio-alcohols, Bio-organic acids, Bio-polymers, Bio-solvents, Bio-ketones, Others), By Application (Agriculture, Personal Care, Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging, Construction, Automotive, Paints & Coatings, Other Industries) and Regional Forecasts, 2022-2032
Green Chemicals Market Size, Share, and Analysis, By Type (Bio-alcohols, Bio-organic acids, Bio-polymers, Bio-solvents, Bio-ketones, Others), By Application (Agriculture, Personal Care, Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging, Construction, Automotive, Paints & Coatings, Other Industries) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Green Chemicals Market size was USD 94.78 billion in 2021 and projected to grow from USD 115 billion in 2023 to USD 278.5 billion by 2032, exhibiting a CAGR of 10.3% during the forecast period.
Green chemicals are also denoted as bio-based chemicals which are produced from renewable feedstock and are usually made from raw materials that utilize minimal natural resources and aid in preserving the environmental balance. The raw materials used for synthesis of green chemicals are bio based like animal fats, vegetable oils, sugar etc. Green chemicals aid in enhancing the functionality while having eco-friendly nature throughout the life cycle which is expected to boost the usage of Green chemicals. Green chemicals are required as they are considered to minimize or exclude the production of harmful compounds.
MARKET HIGHLIGHTS
Green Chemicals Market is expected to reach USD 278.5 billion, growing at a CAGR of 10.3% during forecast period owing to the increasing demand for green chemicals due to the growing awareness which is boosted by the growing encouragement and initiatives by the government which is expected to drive the demand for the growth of green chemicals market. Increasing acceptance of green construction by making advancements in the technology and using eco-friendly alternatives may drive demand for the market growth. The demand for green chemical products is increasing due to the rising necessity for cost-effective processing and new product channels.
Green Chemicals Market Segments:
- Type
- Bio-alcohols
- Bio-organic acids
- Bio-polymers
- Bio-solvents
- Bio-ketones
- Others
- Application
- Agriculture
- Personal Care
- Industrial & Chemical
- Food & Beverages
- Pharmaceuticals
- Packaging
- Construction
- Automotive
- Paints & Coatings
- Other Industries
MARKET DYNAMICS
Growth Drivers
Growing Awareness on Healthy Living is Expected to Boost Market Growth
Increasing Concerns on Environment is Expected to Boost the Growth of the Market
Restraint
High Production Cost May Restrain the Growth of the Market
Key Players
- Arkema Group
- Bio Kleen
- BASF SE
- Balfour Beatty Plc
- Cargill Inc.
- Evonik Industries AG
- Toray Industries Inc.
- Givaudan
- Vertec Biosolvents Inc
- JSW Cement Ltd.
- GFBiochemicals Ltd.
- Novamont Spa
- TotalEnergies SE
- DSM NV
- NatureWorks LLC
- Du Pont Inc.
- Plantic Technologies Ltd.
- GREENCHEMICALS Spa
Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
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