IMARC Group, a leading market research company, has recently releases report titled “Green Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global green chemicals market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the green chemicals market?
The global green chemicals market size reached US$ 10.91 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.96 Billion by 2028, exhibiting a growth rate (CAGR) of 9.74% during 2023-2028.
What is Green Chemicals?
Green chemicals, also known as bio-based chemicals or renewable chemicals, are compounds derived typically from bio-based raw materials, primarily plants. These chemicals are characterized by their reduced environmental impact, low toxicity, and sustainability. This vast category includes various substances, such as bio-alcohols, bioplastics, bio-fuels, and others, each with unique properties and uses. Green chemicals are gaining traction across various sectors such as the textile industry for their eco-friendly dyes, the cosmetic industry for their natural ingredients, and the food and beverage industry for their organic preservatives.
Request a Free PDF Sample of the Report: https://www.imarcgroup.com/green-chemicals-market/requestsample
What are the growth prospects and trends in the green chemicals industry?
The rising consumer interest in sustainable and environmentally friendly products is a significant driver for the demand for green chemicals. They serve as a renewable and less harmful alternative to conventional chemicals, aligning with the increasing public consciousness about environmental health. Also, the expanding trend towards green and organic products is positively influencing the market, given that green chemicals are derived from natural sources like plants and microorganisms. The versatility and adaptability of these chemicals to various industries, including pharmaceuticals, construction, and packaging, further boost their commercial significance and demand.
The evolving food and beverage sector is employing green chemicals for innovative and eco-friendly applications, contributing to the growth of its market. The emergence and growth of e-commerce platforms have enhanced the accessibility and availability of products containing green chemicals, promoting their demand globally. The trend towards vegan and cruelty-free products is another factor propelling the market growth, as green chemicals can be sourced from plant-based materials. Innovations and research in the field of green chemistry and bio-based synthesis are paving the way for more sustainable production of green chemicals, strengthening their market position.
Who are the key players operating in the industry?
The report covers the major market players including:
- Arkema S.A
- BASF SE
- BiologiQ
- Braskem S.A. (Odebrecht)
- Cargil Incorporated.
- Conagen Inc
- Ecochem
- GFBiochemicals Ltd.
- Global Green Chemicals Public Company Limite (PTTGC Group)
- Vertec BioSolvents Inc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Bio-alcohols
- Bio-organic Acids
- Bio-ketones
- Biopolymers
- Others
Application Insights:
- Construction
- Pharmaceuticals
- Packaging
- Food and Beverages
- Paints and Coatings
- Automotive
- Textile
- Others
Regional Insights:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=7793&flag=F
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States