Green Chemicals are on High Demand Due to Several Factors including Gov Regulations on Environment Protection and Scarcity of Non-Renewable Sources
A new report from Industry Experts Inc, on " Green Chemicals ," is published. According to this new global market research report, worldwide demand for Green Chemicals is projected to reach US$229.9 billion by 2030 from an estimated US$122.9 billion in 2024 at a CAGR of 11% over the 2024-2030 analysis period. The greater demand for Green Chemicals as feasible substitutes to traditional chemicals encompasses several factors, the most crucial of which comprise government regulations aimed at environmental protection, paucity of non-renewable chemical resources, consumer demand for environmentally responsible processes & products, technological advancements through R&D efforts and efficient use of resources in producing these chemicals that reduce cost & waste generation. Bio-Alcohols constitute the leading type of Green Chemical used across the world, a primary factor for which is the growing use of Bioethanol, a type of Bio-Alcohol, as a fuel substitu...