United Kingdom Green Chemicals Market to be Dominated by Power Generation Segment through 2028

Growing demand from industrial & chemicals sector and rising awareness towards green chemicals are factors that drives United Kingdom green chemicals market in the forecast period, 2024-2028.

According to TechSci Research report, “United Kingdom Green Chemicals Market- Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the United Kingdom green chemicals market size is anticipated to increase at a substantial rate in the forecast period. In the United Kingdom shipping industry, green chemicals are swiftly gaining popularity as a low-carbon and ecological substitute for conventional bunker fuels. The shipping sector is under pressure to cut its carbon footprint and switch to more sustainable fuels because it is one of the biggest producers of greenhouse gases. The International Maritime Organization's (IMO) goal of decreasing greenhouse gas emissions from the shipping sector by at least 50% by 2050 compared to 2008 levels is one of the major objectives influencing the adoption of green solutions in the maritime industry. Utilizing green ammonia can assist shipping businesses in achieving these goals and lowering their carbon footprint.

The growth and distribution of chemicals that are produced sustainably and with a minimal negative impact on the environment are the main goals of the green chemicals market, a division of the chemical industry. In comparison to conventional chemical products, these chemicals are made from renewable resources and are intended to be safer and less damaging to the environment. By minimizing the chemical industry's carbon footprint, the green chemicals business can significantly contribute to addressing climate change concerns. The development of more environmentally friendly production techniques can aid in lowering greenhouse gas emissions, which are significantly impacted by the production of conventional chemical products.

In the United Kingdom, there has been an increase in demand for green products in recent years. The need for products that are made sustainably and have less of an impact on the environment has had a substantial impact on the market for green chemicals. Growing knowledge of how urban development affects the environment, particularly pollution, climate change, and the loss of natural resources, is one of the major forces behind this movement. Consumers are looking for products that are produced sustainably and have less environmental impact as they become more conscious of the need to lessen their environmental imprint. The United Kingdom government has also played a role in driving consumer demand for environmentally friendly products. The government has introduced a range of regulations and policies aimed at promoting sustainability and reducing the impact of the chemical industry on the environment. These policies have helped to raise awareness of environmental issues and to promote the use of sustainable products.

Browse over XX Market Data Figures spread through XX Pages and an in-depth TOC on the "United Kingdom Green Chemicals Market.”

United Kingdom green chemicals market is segmented based on product, application, and region.

Based on the product, the market is divided into bio-alcohols, bio-organic acids, bio-ketones, biopolymers, and others. Based on product, the bio alcohols segment is accounted as a major contributor in the green chemicals market. The adoption of bioalcohols is progressively becoming an interesting approach to restrict the consumption of fossil fuels.

Based on the application, the market is divided into industrial & chemicals, pharmaceuticals, construction, packaging, automotive, and others. The industrials & chemicals segment will dominate the market in the forecast period due to increasing demand for sustainable and environmentally friendly products which is assisted by regulatory measures and industry initiatives.

Major companies operating in the United Kingdom green chemicals market are:

• Mitsubishi Chemical UK Limited
• Cargill PLC
• BASF SE
• Arkema UK Limited
• Toray International U.K. Ltd. (TIUK)
• Evonik Industries AG
• Mitsubishi Chemical Group
• DSM United Kingdom Limited
• Aemetis, Inc.
• Albemarle Corporation 

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“As the world continues to focus on sustainability and environmental protection, there is an increasing demand for chemicals that are safer for humans and the planet. This has led to a surge in the development and production of green chemicals, which are chemicals that are produced using sustainable methods and have a lower impact on the environment. The market for green chemicals is driven by several factors, including increasing concerns about climate change and the need for more sustainable products” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“United Kingdom Green Chemicals Market, By Product (Bio-Alcohols, Bio-Organic Acids, Bio-Ketones, Bio-Polymers, and Others), By Application (Industrial & Chemicals, Pharmaceuticals, Construction, Packaging, Automotive, and Others), By Region, Competition, Forecast and Opportunities, 2028” has evaluated the future growth potential of United Kingdom green chemicals market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United Kingdom green chemicals market.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com