Green cement market is expected to reach US$ 46.14 Bn by 2026 with 10.2% CAGR during the forecast period from 2018 to 2026. In 2017, Europe led the green cement market and Asia Pacific is estimated to be the fastest growing region between 2018 and 2026.
This report titled “Green Packaging Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in green packaging market along with the market size and forecast for the duration 2013 to 2024. The said research study incorporates in-depth analysis of multiple market segments based on type, application and geographical distribution.
Adipic Acid Market is an organic compound which is most commonly used to produce industrial fibers. It is a synthetic dicarboxylic acid produced from oxidation of various fats. It is majorly used as a raw material for manufacturing of nylon. It is also used in the chemical industry as a raw material for manufacturing of coatings, detergents and also as a plasticizer.
The Green Chemicals Market is anticipated to grow at a CAGR of 12.5% from 2022 to 2031. Scarcity of nonrenewable resources, growing awareness about sustainable products, rising government initiatives to promote the use of green chemicals, rising environmental concerns & the rising demand for bioethanol, and the rising demand for biodiesel as an alternative fuel are the primary factors driving the growth of the green chemicals market. In the future years, the rules and legislation encouraging the use of bioplastics and the increasing emphasis on R&D for algae-based biofuel generation present market participants with considerable potential opportunities.
Increasing demand for bioethanol as an alternative fuel in the automobile industry due to its qualities such as lower carbon dioxide emissions, cost-effectiveness, etc. is anticipated to be a major driver driving the growth of the target market. Growing demand for the Green Chemicals Market in the manufacturing of intermediate chemical products is predicted to add significantly to the worldwide Green Chemicals Market's revenue share. In addition, the increasing demand for Green Chemicals Market in packaging materials owing to their qualities such as easy disposal, low manufacturing cost, and others are anticipated to contribute to the expansion of the worldwide Green Chemicals Market.
Lack of knowledge and commercialization of bio-based goods in developing nations is anticipated to restrain the growth of the Green Chemicals Market. However, the high cost of Green Chemicals Market products and the availability of synthetic chemicals are projected to restrain the market's expansion in the future years. Due to the COVID-19 epidemic, the number of cases has increased, resulting in a global or partial shutdown to preserve social distance. According to a recent report, industries are experiencing unprecedented economic losses as a result of disruptions in the worldwide supply chains of key companies operating in the global Green Chemicals Market. Distributors, suppliers, and retailers have inventory they are unable to sell, and manufacturers must cease production in response to the shutdown.
In the green chemicals industry, Acute Market Reports is the go-to source for in-depth market research and expert consultation. Acute Market Reports' cutting-edge methodology and futuristic business model yield actionable solutions that empower its clientele to make informed business decisions. As a result of our work with Fortune 500 firms, we have been able to demonstrate our expertise by completing tailored consulting projects for each of our clients, spanning their whole product and service portfolio.
