Green Chemicals and Materials Market Checkout the Unexpected Future 2029 | BASF SE, Arkema Group, Industries AG, BiologiQ Inc

Green Chemicals and Materials Market Snapshot:

Green chemicals and materials are the eco-friendly alternatives that are used in place of conventional chemicals and materials. The world has witnessed considerable industrial growth since the industrial revolution, while also witnessing an exponential rise in pollution levels. For instance, air pollution has risen to such high levels that it is attributed to be one of the leading causes of deaths per year. Air pollution results in around 5 million deaths every year, which amounts to roughly 9% of deaths annually. The increasing global population has driven the demand for food and beverages, and the need to ramp up residential and commercial construction activities. This growth will lead to an increase in pollution levels leading to the rise in the need for green chemicals and materials.

The projected food and beverage demand, keeping in mind the growing population, is likely to lead to a 10–15% increase in nitrogen loads into the river. Over 80% of the sewage in developing economies is left untreated, which also pollutes lakes, coastal areas, and rivers. Growth in this market is projected to be slow, owing to the backing out of the U.S. from the Paris accord. In addition to this, the discovery of new shale oil deposits and the price reduction in oil and gas due to the sudden decrease in demand for conventional fuels and the fallout of OPEC and Russia is anticipated to restrict market growth.
Consumers today have become increasingly conscious and are aware of sustainable products. Despite green packaging still being in the nascent stage, it is finding increasing acceptance, adoption, and innovation among the consumers. Growing environmental concern is responsible for changing the tides of the consumer towards eco-friendly alternatives. Paper packaging or other forms of plastics that are recyclable are in much demand and subjects of constant research and development initiatives.

These changes are rapidly modifying the technology and regulatory landscape, which has made it difficult for chemical and petrochemical manufacturers to continue with conventional products. These aspects are driving manufacturers to invest more in innovation and invent environment-friendly alternatives. For instance, Pilot Lite and Diageo, a venture management company, launched Pulpex Limited, a sustainable packaging technology company. It created a 100% plastic-free paper-based spirits bottle that is made entirely from sustainably sourced wood. The bottle is likely to make its debut in early 2021 with Johnnie Walker scotch whiskey.

Modern consumers are willing to pay a premium price to reduce or stop the damage on the environment, owing to an increase in consumer spending capacity. This has given confidence to the manufacturers to use green chemicals and materials, which, despite being high in initial costs, will prove to be beneficial in the long term. The global construction industry is anticipated to reach USD 15 trillion by the end of 2030, led by the U.S., China, and India. Easy credit availability, loans, and housing schemes are among the primary reasons that have led to the rise of the construction sector. An increase in pollution levels due to construction activities has surged the demand for green chemicals and materials, such as fly ash bricks and concrete admixtures.

Increasing government investments and initiatives for infrastructure development while focussing on sustainable development drives the market growth during the forecast period. Volatility in oil prices and rising pollution levels have compelled many economies to adopt policies that can mitigate the effects caused due to the use of conventional chemicals. These government initiatives will go a long way in making the economy less dependent on conventional fuels and adopting eco-friendly alternatives.
The automotive segment is anticipated to experience a significant growth rate during the forecast period in the green chemicals and materials market. The automotive sector is undergoing a revolution in a way in which cars and other vehicles derive their energy from electricity and hydrogen. In addition to this, some of the vehicles are also running on bio-alcohols, such as ethanol.

The textile industry is considered as the most ecologically harmful industry in the world. The utilization of rayon for clothing affects the rapidly depleting forests. Petroleum-based synthetic fiber and the dyes are neither sustainable nor biodegradable. Cotton cultivation requires large quantities of synthetic fertilizers and pesticides/herbicides. Presently the conventional cotton crops occupy about 3% of the world cultivated areas. Nevertheless, it represents 25% of pesticides and 10% of insecticides bought in the world.

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The Major Prominent Players Covered in this Report:
BASF SE
Arkema Group
Industries AG
BiologiQ Inc
Dongguan Xinhai Environmental-Friendly Material Co., Ltd
Mitsubishi Chemical corporation
Toray Industries Inc.
Vertec Biosolvents, Inc.
Ecovia Renewables, Inc.
Koninklijke DSM N.V.
GFBiochemicals Ltd.
Plantic Technologies Limited
Total Corbion PLA
Secos Group Ltd.
USG Corporation

By Technology, Alkaline Electrolyzer, Polymer Electrolyte Membrane (PEM) Electrolyzer, Solid Oxide Electrolyzer, By Application, Power Generation, Transport, Other (Heating, Energy Storage) & More.

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Green Chemicals and Materials in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Green Chemicals and Materials market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Green Chemicals and Materials and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Green Chemicals and Materials. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Green Chemicals and Materials market growth rate?
What are the key factors driving the global Green Chemicals and Materials market?
Who are the key manufacturers in the Green Chemicals and Materials market space?
What are the market opportunities, market risk, and market overview of the Green Chemicals and Materials market?
What are sales, revenue, and price analysis of top manufacturers of the Green Chemicals and Materials market?
Who are the distributors, traders, and dealers of the Green Chemicals and Materials market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Green Chemicals and Materials Industry?
What are sales, revenue, and price analysis by regions of Green Chemicals and Materials industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Green Chemicals and Materials Market Trends:
- The report identifies, determines, and forecasts the Global Green Chemicals and Materials Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Green Chemicals and Materials Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Green Chemicals and Materials Market.

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