NEW YORK, Sept. 27, 2021 /PRNewswire/ -- The green chemicals market is expected to grow by USD 71.32 billion during 2021-2025, progressing at a CAGR of 11.24%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth according to the latest market research report by Technavio.
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As per Technavio, the scarcity of non-renewable sources will have a positive impact on the green bio chemicals market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
This market research report segments the green chemicals market by Product (Bioalcohols, Biopolymers, Bio-organic acids, and Bio-ketones) and Geography (North America, Europe, APAC, South America, and MEA).
North America will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. 39% of the market's growth will originate from North America during the forecast period. The US is the key market for green bio chemicals market in the region.
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