openPR Logo
Press release

Green Chemicals Market Surging at a CAGR of 8.27% through 2031 Fuelled by High Demand for Environment Friendly Products

07-09-2024 02:18 PM CET | Energy & Environment

Press release from: ABNewswire

Skyquest Technology

Skyquest Technology

Green Chemicals Market Size, Share, Growth Analysis, By Type(Bio-Alcohols (Bio-Ethanol, Bio-Butanol, Bio-Methanol, Others)), By Application(Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging), By Region - Industry Forecast 2024-2031
Green Chemicals Market [] size was valued at USD 35.49 Billion in 2022 and is poised to grow from USD 38.43 Billion in 2023 to USD 72.56 Billion by 2031, growing at a CAGR of 8.27% in the forecast period (2024-2031).

Key players in the global green chemical market have started focusing on using bio-based materials in their manufacturing processes from the past couple of years. This change was possible due to the significant shift in the global market away from conventional chemical sources towards sustainable solutions derived from renewable resources. These green chemicals are used in many industries like construction, automotive, packaging, and agriculture because of this change towards environmental products.

Download a detailed overview:

Green chemicals, also known as bio-based chemicals, are ecologically friendly and renewable substances derived mostly from bio-based raw materials. These components are sourced from plants, vegetables, and animals. Vegetable oils, animal fats, sugar, starch, bioethanol, corn, sugarcane, wheat, cassava, and other plants are significant suppliers of these bio-chemicals. Chemicals derived from biomaterials, compared to those derived from petroleum, are more environmentally friendly. They are designed to minimize their influence on recycling, disposal, transportation, installation, processing, and manufacture, thereby helping to maintain ecological balance. The utilization of green chemical manufacturing in several industries has effectively reduced the generation of harmful compounds.

Customer Demand for Sustainable Products is Surging the Green Chemicals Market Growth

Recently, the demand for environmentally friendly products has seen a rise because customers are ready to invest more for sustainable alternatives. Today most of the consumers worldwide are willing to invest more towards sustainable companies. This percentage is particularly elevated among specific customer demographics. For instance, sustainability is a primary factor that influences the shopping decisions of 66% of all buyers and 75% of millennial shoppers. As eco-friendly products are gaining more popularity in the market the opportunities for the manufacturers of green chemical also increases. Therefore, it has become crucial for chemical companies to focus on sustainability if they want to take advantage of the increasing customer demand.

Request Free Customization of this report:

High Investment in Research & Development is Driving the Adoption of Environmentally Friendly Chemicals

Government bodies and private institutions are investing heavily on the research and development of green chemicals. The research will help in understanding the many ways in which the chemical can be used in various sectors like textile. Expansion in the usage of this green chemical will also help in bringing sustainability across several industries. For instance, DowDupont, a market leader in chemical manufacturing is focusing on extending its product range in advanced materials and agriculture. The business is investing more for R&D in biomaterials to satisfy customer demands.

* In January 2024, NTPC Limited went into a non-binding MoU agreement with Numaligarh Refinery Limited for bio-refinery projects. This partnership will also help them to achieve the net-zero targets.
* In September 2022, RiKarbon Inc. established a cooperation with BASF to create bio-based emollients. RiKarbon's patented technology will help the personal care sector to find sustainable solutions. They can recycle bio-waste into bio-based, biodegradable emollients.
* In June 2022, JSW Cement Limited introduced an eco-friendly construction chemical product.These can help inpreserving natural resources and even lower landslides, floods, and air pollution.
* In May 2022, Cellulose Solutions' subsidiary Verdant Innovations introduced its initial collection of specialty green sustainable chemicals. The business will focus on items like hemp, pulp, textile, and nonwovens.

View report summary and Table of Contents (TOC):

The green chemicals industry has experienced substantial expansion in recent times due to the increasing use of packaging materials derived from renewable sources, such as plant and animal waste. Bio-based packaging is good for the environment because they are non-toxic materials. These packaging's are also cost-efficient and can be easily disposed. In the next few years, the green chemical market will see a significant growth due to increasing public awareness and high demand for sustainable products creating a circular bioeconomy.

Related Reports:

Blockchain Market []

Visit Our Website:

Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email []
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Green Chemicals Market Surging at a CAGR of 8.27% through 2031 Fuelled by High Demand for Environment Friendly Products here

News-ID: 3572585 • Views:

More Releases from ABNewswire

Major Maids House Cleaners: Exceptional St Pete House Cleaners Now Available In St. Petersburg, FL
Major Maids House Cleaners: Exceptional St Pete House Cleaners Now Available In …
Major Maids House Cleaners in St. Petersburg, FL, provides outstanding cleaning services. They shine in the industry with a stellar reputation, meticulous attention to detail, and a commitment to eco-friendly practices. Major Maids House Cleaners [] in St. Petersburg, FL, delivers exceptional services. They stand out in the industry with a stellar reputation, meticulous attention to detail, and an eco-conscious approach. Services range from regular to deep cleaning, addressing various needs
Experience Top-Notch Home Cleaning with Bright Side Services Inc.'s Maid Services
Experience Top-Notch Home Cleaning with Bright Side Services Inc.'s Maid Service …
Bright Side Services Inc.'s maid services encompass a comprehensive range of cleaning tasks, ensuring every aspect of your home receives thorough attention. From dusting and vacuuming to polishing surfaces and sanitising bathrooms, their professional cleaners are trained to deliver impeccable results. Whether you require a one-time deep clean or regular maintenance, their services can be tailored to meet your specific needs. In the realm of home maintenance, the demand for meticulous
Experience the Difference: Bright Side Services Inc. Launches Residential Cleaning Solutions
Experience the Difference: Bright Side Services Inc. Launches Residential Cleani …
In the ever-evolving world of home maintenance, the importance of a pristine living environment cannot be overstated. Recognising this necessity, Bright Side Services Inc. has introduced their exceptional residential cleaning services [,residential%20cleaning%20services,-include%3A]. These offerings are designed to meet the needs of modern homeowners, providing comprehensive solutions that ensure every corner of your home gleams with cleanliness. Bright Side Services Inc. has built a reputation for excellence, and the launch of their
FunPartyCos Introduces a Diverse Range of Spiderman Costumes for Fans of All Ages
FunPartyCos Introduces a Diverse Range of Spiderman Costumes for Fans of All Age …
The world of cosplay has always been a vibrant space where fans can immerse themselves in the roles of their favorite characters. FunPartyCos, a leading provider of cosplay costumes, has unveiled an exciting lineup of Spiderman costumes designed to cater to fans of all ages and genders. Speaking on behalf of FunPartyCos, Sarah Johnson, the Cosplay Specialist, emphasized the inclusivity of their Spiderman costume collection. "Our goal at FunPartyCos is to

All 5 Releases

More Releases for Chemical

Phosphorus Pentachloride market Key Players| Xuzhou Weiruipu Chemical, Xuzhou Ho …
A Comprehensive research study conducted by KD Market Insights on " Phosphorus Pentachloride (CAS 10026-13-8) Market - By Product Type (Qualified: content?98.0%, First grade: content?99.0%, High class products: content?99.5%), By Application (Pharmaceutical Industry, Dye Industry, Chemical Industry, Other) & Global Region Market Size, Share, Trends and Forecast 2018-2023" report offers extensive and highly detailed historical, current and future market trends in the global and regional/market. The Phosphorus Pentachloride market report includes market size, growth drivers,
Global 4-Hydroxybenzaldehyde Market 2019 - Jiaxing Jinhe Chemical, Suzhou Inter- …
4-Hydroxybenzaldehyde is an important fine chemical product and intermediate for organic synthesis, with wide use in pharmaceutical, aromatizer, pesticide, electroplating and liquid crystal industries. 4-Hydroxybenzaldehyde is a white or pale yellow crystalline powder, which is mainly made from para-cresol. Applications of 4-hydroxybenzaldehyde include Pharmaceutical, Aromatizer, Pesticide, Electronic and so on. Among those applications, Aromatizer accounts for the largest market share, which was about 65.60% in 2016. The 4-hydroxybenzaldehyde industry is highly concentrated
Industrial Sodium Nitrate Market Increasing Demand with Key Players: XuHang Chem …
Qyresearchreports include new market research report “Global Industrial Sodium Nitrate Market Professional Survey Report 2018” to its huge collection of research reports. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering SQM Hualong Ammonium Nitrate XuHang Chemical FuYuan Chemical LuGuang Chemical YuanHua Chemical XinHao Chemical FengYuan Chemical Longsheng Jiaocheng Zhongyuan Chemical Jiaocheng MingXing Chemical Huaertai Chemical To Download Sample Report With TOC: On the basis of product, this report displays the production, revenue,
Zinc Sulphate Market Key Players Profiles and Analysis 2027: Lantian Chemical, L …
Market Research Future published a half cooked research report on “Global Zinc Sulphate Industry Market” – Market Analysis, Scope, Stake, Growth, Trends and Forecasts 2017-2027. Introduction: Market Research Future introduces about the Global Zinc Sulphate Market during the forecast period 2017-2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. In this report, Market Research Future has focused on
Global Nickel Naphthenate market 2017 - Minghuan Chemical, Zhang Ming Chemical, …
Apex Market Reports, recently published a detailed market research study focused on the "Nickel Naphthenate Market" across the global, regional and country level. The report provides 360° analysis of "Nickel Naphthenate Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Nickel Naphthenate industry, and estimates the future trend of Nickel Naphthenate market
Zinc Sulphate Market Key Profile- Lantian Chemical, LiHong Chemical, Rech Chemic …
Global Zinc Sulphate Market: Overview Zinc sulphate is an inorganic compound which is colorless, water soluble powder and crystalline and having a chemical formula of ZnSO4. Zinc Sulphate comes from zinc which is a naturally occurring mineral from the earth surface, food and water and it is mostly recognized for the growth and development of human health issues. Zinc Sulphate is typically used in healthcare industries in the treatment of zinc