Fatpos Global has released a report titled “Green Chemicals Market – Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 278.5 billion by 2032. According to a study by Fatpos Global, the market is expected to portray a CAGR of 10.3% between 2022 and 2032. According to the market research study, the use of eco-friendly alternatives of chemicals in various fields by using green chemical products is expected to boost the growth of the Green Chemicals Market.
The market research study on Green Chemicals Market includes in-depth insights such as:
- Green Chemicals Market in Europe held the largest market share in the year 2021.
- Green Chemicals Market is classified based on the Type into Bio-alcohols, Bio-organic acids, Bio-polymers, Bio-solvents, Bio-ketones, Others.
- Green Chemicals Market is classified based on the Application into Agriculture, Personal Care, Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging, Construction, Automotive, Paints & Coatings, Other Industries.
- The growing awareness on the use of green chemicals is expected to drive the growth of the Green Chemicals Market.
“Increasing green construction by creating certain modifications in the technology is expected to boost the growth of the Green Chemicals Market”, said a lead analyst at Fatpos Global.
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 Market is classified based on the Type into Bio-alcohols, Bio-organic acids, Bio-polymers, Bio-solvents, Bio-ketones, Others. Bio-alcohols segment dominated the Green Chemicals market in 2021 and is expected to dominate the market in the forecast period owing to the high usage of bio-alcohol as a substitute fuel for spark ignition engines. The increasing demand for bio-alcohols like bio-ethanol in the production of alcoholic beverages like whiskey, vodka, beer etc., which is expected to boost the demand for the growth of the Green Chemicals market.
Key Players in the Market
Some of the key players operating in the Green Chemicals Market are 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 and Other Prominent Players.
Get Valuable Insights into Market
In the latest market study conducted by Fatpos Global thrives to present an unbiased analysis of the Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the Market. Green Chemicals Market is classified based on the Type into Bio-alcohols, Bio-organic acids, Bio-polymers, Bio-solvents, Bio-ketones, Others. Green Chemicals Market is classified based on the Application into Agriculture, Personal Care, Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging, Construction, Automotive, Paints & Coatings, Other Industries. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
