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Green Chemicals Market Outlook, Size, Share, Trends, Growth And Global Forecast 2023-2032 | Cargill Inc., BASF SE, Mitsubishi Chemical Holdings Corporation, BioAmber Inc., DuPont de Nemours Inc.
Green Chemicals Market Report
The Business Research Company's Green Chemicals Global Market Report 2023 identifies rising demand for bioethanol as the major driver for the green chemicals market's growth in the forecast period. Bioethanol is a fuel additive made from agricultural goods (such as sugar cane or corn). Bioethanol has gained popularity as a green chemical due to its environmentally friendly properties. It is a clean-burning fuel with greenhouse gas emissions that are lower than those of fossil fuels.
The global green chemicals market is expected to grow from $96.99 billion in 2022 to $108.53 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The green chemicals market is expected to reach $162.6 billion in 2027 at a CAGR of 10.6%
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Major competitors in the green chemicals market are Cargill Inc., BASF SE, Mitsubishi Chemical Holdings Corporation, BioAmber Inc., DuPont de Nemours Inc.
A key trend in the green chemicals market includes technological advancement. Major companies operating in the green chemicals market are adopting new technologies, such as Praedicat's unique technology, to sustain their position in the market. For instance, in May 2022, VelocityEHS, a US-based software company, launched the Green Chemistry Offering to continuously evaluate and update the risk profile of in-use chemicals based on the potential for harm using Praedicat's unique technology to scan thousands of scientific journals in real-time actively. Customers will get rapid and straightforward access to predicted risk profiling for chemicals, allowing them to choose safer options before the competition.
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The green chemicals market is segmented -
•By Type: Bio-Alcohols, Bio-Organic Acids, Biopolymers, Other Types
•By Technology: Bioprocessing, Fermentation, Enzymatic Processes, Metabolic Engineering, Other Technologies
•By Raw Materials: Agricultural Waste, Biomass, Microorganisms, Sugar And Starch Crops, Other Raw Materials
•By Applications: Construction, Healthcare, Pharmaceuticals And Personal Care Products, Packaging, Food And Beverages, Paints And Coatings, Automotive, Agriculture, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the green chemicals market.
The Business Research Company's "Global Green Chemicals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Green Chemicals Market Include:
1. Executive Summary
2. Green Chemicals Market Characteristics
3. Green Chemicals Market Trends And Strategies
4. Green Chemicals Market - Macro Economic Scenario
5. Global Green Chemicals Market Size and Growth
……
32. Global Green Chemicals Market Competitive Benchmarking
33. Global Green Chemicals Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Green Chemicals Market
35. Green Chemicals Market Future Outlook and Potential Analysis
36. Appendix
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