Green Chemicals Market: Introduction
- Green chemicals, also known as bio-based chemicals, are eco-friendly and renewable substances primarily derived from bio-based raw materials related to plants, vegetables, and animals
- Key sources of these bio-chemicals include vegetable oils, animal fat, sugar and starch, bio-ethanol, corn, sugarcane, wheat, and cassava
- Unlike petroleum-based production of chemicals, bio-based chemicals are less harmful to the environment and designed to maintain the ecological balance by reducing certain environmental impact regarding recycling, disposal, transportation, installation, processing, and fabrication. The usage of green chemicals in the manufacture of products helps reduce the production of hazardous substances.
Request Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=82991
Key Drivers and Restraints of Green Chemicals Market
Rise in adoption of green cities and green-based construction of buildings for residential, industrial, and commercial sectors across the globe is expected to boost the market during the forecast period. Volatility in oil prices across the globe and the rise in number of applications for green chemicals across industries are also fueling the market. Increase in government initiatives and encouragement for regional manufacturers to use sustainable components in the production of their products represent key driving factors of the market. However, fluctuation in prices of raw materials and high cost of production vis-à-vis petroleum-based chemicals are expected to hinder the market during the forecast period.
Green Chemicals Market: Application Segment
- Based on application, the green chemicals market can be divided into construction, pharmaceuticals, packaging, food & beverages, paints & coatings, automotive, textile, and others
- The construction segment is anticipated to account for the major share of the global green chemicals market in the near future due to the increase in demand for green chemicals in the building & construction industry
- Market share of the textile segment has been rising owing to the increase in demand for green chemicals in the textile industry
North America to Hold Leading Share of Green Chemicals Market
- In terms of region, the green chemicals market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America is expected to hold major share of the global green chemicals market, followed by Asia Pacific and Europe, during the forecast period
- Rise in demand for bio-based components in various industries and wide adoption of green chemicals in intermediate chemical production in North America are driving the market in the region
- The market in Asia Pacific is expected to expand at a rapid pace in the next few years owing to the rise in environmental concerns, rapid industrialization, and increase in government initiatives and funding in various industries
Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=82991
Key Manufacturers Operating in Global Green Chemicals Market
The green chemicals market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the green chemicals market include:
- Cargill Inc.
- BASF SE
- Bio-Kleen Products, Inc.
- Balfour Beatty PLC
- DuPont Industrial
- Biosciences
- Dryvit Systems, Inc.
- Anderson Corporation
Green Chemicals: Research Scope
Green Chemicals Market, by Type
- Bio-alcohols
- Bio-organic Acids
- Bio-ketones
- Biopolymers
- Others
Green Chemicals Market, by Application
- Construction
- Pharmaceuticals
- Packaging
- Food & Beverages
- Paints & Coatings
- Automotive
- Textile
- Others
Get Full Customized Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=82991
COVID-19 Impact on Global Green Chemicals Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Green chemicals are used in various industries. However, the ongoing pandemic has affected industries throughout the world. Manpower shortage, logistical restrictions, material unavailability, and other restrictions have hampered the green chemicals industry.
More Trending Reports by TMR:
Waterproofing Membranes Market: https://www.transparencymarketresearch.com/waterproofing-membrane-market.html
Magnetic Polymer Market: https://www.transparencymarketresearch.com/magnetic-polymer-market.html
Chemical Warehousing Market: https://www.transparencymarketresearch.com/chemical-warehousing-market.html
Tire Recycling Downstream Products Market: https://www.transparencymarketresearch.com/tire-recycling-downstream-products-market.html
Activated Alumina Market: https://www.transparencymarketresearch.com/activated-alumina-market.html
Floating Power Plant Market: https://www.transparencymarketresearch.com/floating-power-plant-market.html
Organosilicon Electrolyte Market: https://www.transparencymarketresearch.com/organosilicon-electrolyte-market.html
Li Metal Battery Market: https://www.transparencymarketresearch.com/lithium-metal-battery-market.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
