Green Chemicals Market to Witness Huge Growth by 2028 | Arkema, BASF, Toray Industries

Latest published market study on Green Chemicals Market provides an overview of the current market dynamics in the Green Chemicals space, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the players that are in coverage of the study are Arkema S.A., BASF SE, GF Biochemicals Ltd., Koninklijke DSM N.V., Mitsubishi Chemical Corporation, Toray Industries Inc., BioAmber Inc, Total Corbion PLA, Vertec BioSolvents Inc.

Get ready to identify the pros and cons of regulatory framework, local reforms and its impact on the Industry. Know how Leaders in Green Chemicals are keeping themselves one step forward with our latest survey analysis

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Increasing demand of green chemicals from both individual and institutional buyers due to strict government regulations to lower potential of global warming, ozone depletion, and smog formation. Further rising concerns for worker health & safety and less requirement of personal protective equipment, less potential for accidents (e.g., fires or explosions) is influencing the green chemicals market globally. In addition, companies are heavily investing to innovate new techniques to produce goods from bio chemicals which are less toxic in nature, easy to transportation, releases less hazardous chemical wastes to water leading to cleaner drinking and recreational water and are commercially viable. For instance, in 2021, Arkema S.A. announced a new advanced bio-circular medical polymer for the manufacture of surgical tools and medical devices. The new polymer offers a combination of features in terms of physical performance, lightweight, and sustainability.

Based on product, the green chemicals market is segmented into bioalcohols, biopolymers, biosolvents, organic acids, and others. Bioalcohols category is expected to grow at a considerable growth rate owing to countries are adopting higher blend of bioethanol in gasoline. This increased blend would mitigate carbon emissions from vehicles and conserve fossil fuels. Further, this would help countries achieve their target of carbon neutral country.

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Based on application, the green chemicals market is divided into food & beverages, personal care, packaging, automotive, agriculture, and others. Among all, automotive sector holds a lucrative market share. Transportation sector contributes to a significant amount of greenhouse gases emissions globally therefore, automotive flex fuel engines which are compatible with higher blends of bioethanol in gasoline are being adopted. Thus, increasing logistics industry would increase the transportation sector which eventually would lead to demand flex fuel engine thereby increasing the demand for bioethanol from automotive sector.

For a better understanding of the market adoption of Green Chemicals, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), and Rest of World. Asia Pacific is likely to witness high growth due to mandate use of clean fuel to control carbon emission.

For deep analysis of Green Chemicals Market Size, Competition Analysis is provided which includes Revenue (M USD) by Players (2019-2021E) & Market Share (%) by Players (2019-2021E) complimented with concentration rate.

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Actual Numbers & In-Depth Analysis of Green Chemicals Market Size Estimation and Trends Available in Full Version of the Report.

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