Bharat Book Bureau Provides the Trending Market Research Report on “Green Chemicals Market by Type (Bio-alcohols, Bio-polymers, Bio-organic acids, Bio-ketones, Others), Application (Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging, Construction, Automotive, Other Industries) - Global Forecasts to 2029”under Chemicals Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Green Chemicals Market by Type (Bio-alcohols, Bio-polymers, Bio-organic acids, Bio-ketones, Others), Application (Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging, Construction, Automotive, Other Industries) — Global Forecasts to 2029
The research report titled, “Green Chemicals Market by Type (Bio-alcohols, Bio-polymers, Bio-organic acids, Bio-ketones, Others), Application (Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging, Construction, Automotive, Other Industries) — Global Forecasts to 2029,” provides an in-depth analysis of the green chemicals market across five major geographies and emphasizes on the current market trends, market size, market shares, recent developments, and forecast till 2029. The Green Chemicals Market is expected to reach $217.18 billion by 2029, at a CAGR of 11.6% during the forecast period, 2022–2029.
The growth of this market is mainly attributed to the scarcity of non-renewable resources, growing awareness regarding sustainable products, rising government initiatives to promote the use of green chemicals, growing environmental concerns & the rising demand for bioethanol, and the growing demand for biodiesel as an alternative fuel. Moreover, the regulations & legislation supporting the use of bioplastics and the growing focus on R&D for algae-based biofuel production provide significant opportunities in this market.
The study offers a comprehensive analysis of the green chemicals market with respect to the product, application, and geography. The green chemicals market is mainly segmented by product (bio-alcohols {bio-ethanol, bio-butanol, bio-methanol, and other bio-alcohols}, bio-organic acids {bio-lactic acid, bio-acetic acid, bio-citric acid, bio-adipic acid, bio-acrylic acid, bio-succinic acid, and other bio-organic acids}, bio-ketones, bio-polymers {polylactic acid, bio-polyethylene, and other bio-polymers}, and other green chemicals), application (industrial & chemicals, food & beverages, pharmaceuticals, packaging, construction, automotive, and other applications), and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on product, the green chemicals market is mainly segmented into bio-alcohols, bio-polymers, bio-organic acids, bio-ketones, and other green chemicals. The bio-alcohols segment is expected to account for the largest share of the green chemicals market in 2022. The large share of this segment is mainly attributed to the abundant availability of raw materials, rapid urbanization, rising crude oil prices, stringent emission regulations imposed by governments of various countries, and increasing energy consumption.
However, the bio-polymers segment is expected to witness significant growth due to the consumer preference for bio-based products over synthetic products, rising R&D in bio-polymers, adoption of bioplastics by the packaging industry, and increased utilization of flexible packaging by the food & beverages industry. Moreover, regulations & legal acts supporting bioplastics usage hold attractive growth opportunities for players operating in the bio-polymers market.
Based on type, the bio-alcohols market is mainly segmented into bio-ethanol, bio-butanol, bio-methanol, and other bio-alcohols. The bio-ethanol segment is expected to account for the largest share of the bio-alcohols market in 2022. The large share of this segment is mainly attributed to the growing environmental concerns that lead to an inclination of manufacturers towards bio-ethanol production, low cost, and abundant raw material availability. However, the bio-butanol segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to its higher energy content and lower Reid vapor pressure.
Based on type, the bio-lactic acid segment is expected to account for the largest share of the bio-organic acids market in 2022. The large share of this segment is mainly attributed to its wide range of applications. It also produces oxygenated chemicals, plant growth regulators, and special chemical intermediates. Additionally, the growing demand for Poly Lactic Acid (PLA) in packaging applications, especially food packaging, is anticipated to drive the demand for bio-lactic acid in the next few years.
Based on application, the green chemicals market is mainly segmented into industrial & chemicals, food & beverages, pharmaceuticals, packaging, construction, automotive, and other applications. The industrial & chemicals segment is expected to account for the largest share of the green chemicals market in 2022. The large share of this segment is mainly attributed to the growing industrialization and urbanization, increasing energy demand across the globe, increase in chemical transparency across the supply chain, and ban on the production and usage of hazardous substances.
Geographically, the market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to account for the largest share of the green chemicals market in 2022. The large share of this region is primarily attributed to the growing demand for sustainable products, coupled with the presence of prominent players in the region and the rising adoption of green chemicals across different industries, including food & beverages, personal care, automotive, and packaging. In addition, the chemicals industry of the region is increasingly focusing on the production of green chemicals to develop sustainable and eco-friendly solutions.
Browse our full report with Table of Content : https://www.bharatbook.com/report/1344543/green-chemicals-market-by-type-bio-alcohols-bio-polymers-bio-organic-acids-bio-ketones-others-application-industrial-chemical-food-beverages-pharmaceuticals-packaging-construction-automotive-other-industries-global-forecasts-to
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