Green Chemicals Market: Growth, Trends, Key Players, and Future Outlook 2024-2031 | BASF SE, DSM NV, DuPont.

Global Green Chemicals Market reached US$ 105.5 billion in 2023 and is expected to reach US$ 188.2 million by 2031, growing with a CAGR of 7.5% during the forecast period 2024-2031.

Green Chemicals Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Green Chemicals Market focuses on environmentally friendly and sustainable chemicals derived from renewable sources, reducing carbon footprint and hazardous waste. Used in agriculture, packaging, textiles, and personal care, market growth is driven by rising regulatory support, increasing demand for biodegradable products, and advancements in bio-based chemical manufacturing for a circular economy.

List of the Key Players in the Green Chemicals Market:

BASF SE, DSM NV, DuPont, Evonik Industries AG, Mitsubishi Chemical Holdings Corporation, Braskem SA, Albemarle Corporation, Aemetis, Inc., Cargill Incorporated and SECOS Group Ltd.

Industry Development:

In January 2024, National Thermal Power Corporation (NTPC), India's state-owned power company, signed a Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL) to establish a bio-based refinery. This facility will focus on producing bioethanol from bamboo feedstock, supporting India's push toward sustainable and renewable energy sources.

In October 2023, Solugen, a U.S.-based chemical manufacturer, announced that it had secured regulatory approvals for the construction of Bioforge, its state-of-the-art production facility for green chemicals. This milestone marks a significant step in the company's mission to develop sustainable alternatives to traditional petrochemical-based products.

Growth Forecast Projected:

The Global Green Chemicals Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Green Chemicals Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Green Chemicals Market:

By Product: Bio-Alcohols, Bio-organic Acids, Bio-Polymers, Others.

By Application: Pharmaceuticals, Packaging, Food & Beverage, Construction, Automotive, Industrial & Chemical, Others.

Regional Analysis for Green Chemicals Market:

The regional analysis of the Green Chemicals Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Green Chemicals market?

➠ Who are the leading manufacturers in the global Green Chemicals industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Green Chemicals industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Green Chemicals market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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