Market Analysis Report of Green Chemicals
Green chemicals are recognized for their environmental friendliness, providing a base for the sustainable chemical market. In the last few years, toxic chemicals have been facing bans due to the generation of hazardous chemicals. In such a scenario, green chemicals are playing a significant role, as they are designed to reduce or eliminate the use or generation of hazardous substances. Moreover, in the making of green chemicals, green chemistry applies across the life cycle of a product. Hence, it is known as sustainable chemistry. In 2015, over 50 million tonnes of bio-based chemicals were factory-made and this is often anticipated to reach over 80 million tonnes by 2020. Application across varied segments such as food process, housing, textiles, transportation, hygiene, atmosphere, and pharmaceuticals are anticipated to grow significantly over the next five years. By 2020, green chemicals market is estimated to reach over $100 billion, with a CAGR of 11%. Our reports provide a significant summary of the green chemical market, with respect to strategic analysis, restrictive framework, regional analysis, companies portfolios and industry structure.
The global green chemicals market is recording high growth in emerging economies such as India, China, Brazil, Russia, and Indonesia. Many manufacturers of green chemicals are shifting their manufacturing operations to these countries due to factors such as availability of land, economical labor, low transportation costs, and favorable regulations promoting the use of green chemicals. Also, these markets are characterized by increased spending on pharmaceuticals, automobiles, electronics and electricals, and consumer goods. Therefore, the global green chemicals market is expected to grow significantly in emerging economies during the forecast period.
The all-over global market for green chemistry & Technology, which includes bio-based chemicals, renewable feedstock, green polymers and less-harmful chemical formulations are projected to grow from $11 billion in 2015 to nearly $100 billion by 2020.
Name: Susan jones
Contact Number: +44 2039363178
Email: greenchemistry@europeconferences.net
Website: https://greenchemistry.chemistryconferences.org/
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