Over $15,000.0 Million Revenue Expected in Global Green Chemicals Market by 2030

The increasing usage of environment-friendly packaging materials such as those made from renewable materials like animal wastes and plants is an important factor fuelling the surge in the demand for green chemicals across the globe. Moreover, these eco-friendly materials have lower production costs, require lesser raw materials, and can be easily disposed, owing to which, they are being increasingly adopted in several countries around the world for reducing the carbon footprint and curtailing the pollution levels. The widespread utilization of bio-based packaging materials will significantly push the demand for green chemicals all around the world.

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Key Questions Answered:

What is the current and future scenario of the global Green Chemicals Market?
What are the major factors major driving the global Green Chemicals Market?
What are the upcoming opportunities for the players in the global Green Chemicals Market?
Which application is expected to dominate the global Green Chemicals Market during the forecast period?
Which region is expected to witness the fastest growth during the study period?
Who are the major players in the global Green Chemicals Market?

The revenue created from the global sales of green chemicals is expected to increase from $9,540.0 million to $18,474.2 million from 2019 to 2030. The global green chemicals market is expected to demonstrate a CAGR of 6.6% during the forecast period (2020—2030). Green chemicals are used in various applications pertaining to the automotive, personal care, packaging, food and beverages, agriculture, electrical and electronics, textiles, paints and coatings, and construction sectors. Amongst these, the personal care category is predicted to register the fastest growth rate in the green chemicals market during the forecast period.

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Globally, the green chemicals market is expected to record major growth in the Asia-Pacific (APAC) region from 2020 to 2030. This is predominantly ascribed to the escalating usage of these chemicals in various end-use industries such as agriculture, personal care, and automotive in the developing nations of APAC. In the APAC region, the green chemicals market is predicted to register huge growth in China in the coming years, because of the rising awareness in the region about the several benefits of the chemicals obtained from biomass.

Thus, the demand for green chemicals will surge throughout the world in the years to come, mainly because of the increasing popularity of eco-friendly chemicals and materials and the soaring utilization of these chemicals in multiple industries across the world.

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Market Size Breakdown by Segment
Based on Product

Bioalcohols
Biopolymers
Biosolvents
Organic Acids
Based on Application

Food & Beverages
Personal Care
Packaging
Automotive
Agriculture
Geographical Analysis

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Asia-Pacific
China
India
Japan
South Korea
Latin America
Brazil
Mexico
Colombia
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa

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This release was published on openPR.