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Green Chemicals and Materials Market Size is projected to reach USD 229.04 Billion by 2030, growing at a CAGR of 9.5%: Straits Research



New York, United States, Nov. 01, 2022 (GLOBE NEWSWIRE) — Instead of using traditional chemicals and materials, green chemical alternatives are chosen since they are more environmentally friendly. Since the industrial revolution, the global economy has expanded significantly as pollution levels have risen rapidly.

International sales of consumer goods have increased at a considerable pace over the last several decades. The creation of numerous employment opportunities, employing a large number of people having various skill levels, has increased the spending capacity of the people. In addition to this, the urban population has also grown considerably due to the factors mentioned above.

Electronic goods and food and beverages are packed in plastics, which take up centuries to degrade. This has resulted in an increase in pollution levels and the creation of landfills, which have taken up a significant amount of land space. In line with this, various producers and manufacturers of food and beverage products and electronic goods are demanding packaging material that is biopolymeric in nature. Biopolymers have shown tremendous potential in replacing plastic packaging.

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Impact of COVID-19

The pandemic has resulted in global lockdowns at national and international levels. This has led to the closing down of many micro small and medium enterprises (MSMEs), which has resulted in job losses. These factors have considerably reduced consumer income, which is among the primary drivers for green chemicals and materials since the B2C segment is among the largest end-user of these products.

In addition to this, there has also been a decrease in the prices of oil and gas, which has turned the attention of the industrial users towards using fossil fuels to meet the energy requirement, owing to the low prices. However, international climate change pacts and treaties is likely to put a restraint on such rampant and continued usage on conventional fuels in the long term.

Report Scope

Report Metric Details
Market Size USD 229.04 Billion by 2030
CAGR  9.5% (2022-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Material, Application, Region
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors BASF SE, Arkema Group, Evonik Industries AG, BiologiQ Inc, Dongguan Xinhai Environmental-Friendly Material Co., Ltd, Mitsubishi Chemical corporation, Toray Industries Inc., Vertec Biosolvents, Inc., Ecovia Renewables, Inc., Koninklijke DSM N.V., GFBiochemicals Ltd., Plantic Technologies Limited, Total Corbion PLA, Secos Group Ltd., USG Corporation,
Key Market Opportunities Increasing Prevalence Of The Advanced Materials Industry Enhances The Expansion Of The Green Chemicals And Materials Market Share
Key Market Drivers Growing awareness in consumers for sustainable products
Increasing government investments, and initiatives for infrastructure development

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Regional Analysis

This type of packaging has also appealed to the modern consumer that is now environmentally conscious. Asia-Pacific is anticipated to have the highest growth rate. The sheer number of population, the thriving cosmetics industry in South Korea, and Japan, and the ever-growing sales of consumer products in emerging economies, such as India and Malaysia, among others, is likely to drive the growth of this market across the globe.

Key Highlights

  • The global green chemicals and materials market size was valued at USD 101.2 billion in 2021 and is projected to reach USD 229.04 billion by 2030 at a CAGR of 9.5% from 2022 to 2030.
  • In the green chemicals and materials market, the automotive sector is predicted to increase at a substantial rate during the forecast period.
  • Europe will dominate the market for green chemicals and materials throughout the forecast period.

Competitive Players in the Global Green Chemicals and Materials Market

  • Arkema Group
  • Evonik Industries AG
  • BiologiQ Inc
  • Dongguan Xinhai Environmental-Friendly Material Co., Ltd
  • Mitsubishi Chemical corporation
  • Toray Industries Inc.
  • Vertec Biosolvents, Inc.
  • Ecovia Renewables, Inc.
  • Koninklijke DSM N.V.
  • GFBiochemicals Ltd.
  • Plantic Technologies Limited
  • Total Corbion PLA
  • Secos Group Ltd.
  • USG Corporation

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Green Chemicals and Materials Market: Segmentation

By Material

  • Bio-Polymers
  • Bio-Organic Acids
  • Bio-Alcohols
  • Bio-Ketones

By Application

  • Construction
  • Food and Beverages
  • Personal Care
  • Packaging
  • Automotive
  • Agriculture
  • Textiles

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle East and Africa


1          Introduction

1.1       Market Definition

1.2       Market Scope

2          Research Methodology

2.1       Primary Research

2.2       Research Methodology

2.3       Assumptions & Exclusions

2.4       Secondary Data Sources

3          Executive Summary

4          Market Overview

4.1       Report Segmentation & Scope

4.2       Value Chain Analysis: Green Chemicals and Materials Market

4.2.1   Vendor Matrix

4.3       Key Market Trends

4.3.1   Drivers

4.3.2   Restraints

4.3.3   Opportunities

4.4       Porter’s Five Forces Analysis

4.4.1   Bargaining Power of Suppliers

4.4.2   Bargaining Power of Buyers

4.4.3   Threat of Substitution

4.4.4   Threat of New Entrants

4.4.5   Competitive Rivalry

4.5       Environmental & Regulatory Landscape

4.6       Forecast Factors & Relevance of Impact

4.7       Macro-Economic & Geopolitical Scenario

4.8       Parent Market Overview

4.9       Technology Landscape

4.10    Market Share Analysis

4.11    Potential Venture Analysis

4.12    COVID-19 impact Analysis

4.12.1 Pre and Post COVID 19 Impact Scenario

4.12.2 Market Challenges and Recovery Timeline

4.12.3 Quartely Growth Estimation and Forecast (2020–2030)

4.13    Regional Price Trends

4.14    Raw Material Trends

4.15    Cost Structure Analysis

4.15.1 Labor Cost

4.15.2 Consumables

4.15.3 Maintenance Cost

5          Material Overview

5.1       Introduction

5.1.1   Market Size & Forecast (Value & Volume)

5.2       Biopolymers

5.2.1   Market Size & Forecast (Value & Volume)

5.3       Bio-Organic Acids

5.3.1   Market Size & Forecast (Value & Volume)

5.4       Bio-Alcohols

5.4.1   Market Size & Forecast (Value & Volume)

5.5       Bio-Ketones

5.5.1   Market Size & Forecast (Value & Volume)

6          Application Overview

6.1       Introduction

6.1.1   Market Size & Forecast (Value & Volume)

6.2       Construction

6.2.1   Market Size & Forecast (Value & Volume)

6.3       Food and Beverages

6.3.1   Market Size & Forecast (Value & Volume)

6.4       Personal Care

6.4.1   Market Size & Forecast (Value & Volume)

6.5       Packaging

6.5.1   Market Size & Forecast (Value & Volume)

6.6       Automotive

6.6.1   Market Size & Forecast (Value & Volume)

6.7       Agriculture

6.7.1   Market Size & Forecast (Value & Volume)

6.8       Textiles

6.8.1   Market Size & Forecast (Value & Volume)

7          Regional Overview

7.1      Introduction

7.1.1   Market Size & Forecast (Value & Volume)

7.2      North America

7.2.1   Economic Overview

7.2.2   Market Scenario

7.2.3   The U.S.            By Material            By Application

7.2.4   Canada            By Material            By Application

7.2.5   Mexico            By Material            By Application

7.3      Central and South America and the Caribbean

7.3.1   Economic Overview

7.3.2   Market Scenario

7.3.3   Brazil            By Material            By Application

7.3.4   Argentina            By Material            By Application

7.3.5   Columbia            By Material            By Application

7.3.6   The Rest of Central and South America and the Caribbean            By Material            By Application

7.4      Europe

7.4.1   Economic Overview

7.4.2   Market Scenario

7.4.3   Germany            By Material            By Application

7.4.4   France            By Material            By Application

7.4.5   The U.K.            By Material            By Application

7.4.6   Italy            By Material            By Application

7.4.7   The Rest of Europe            By Material            By Application

7.5      Asia-Pacific (APAC)

7.5.1   Economic Overview

7.5.2   Market Scenario

7.5.3   China            By Material            By Application

7.5.4   Japan            By Material            By Application

7.5.5   India            By Material            By Application

7.5.6   Australia            By Material            By Application

7.5.7   South Korea            By Material            By Application

7.5.8   The Rest of APAC            By Material            By Application

7.6      The Middle East

7.6.1   Economic Overview

7.6.2   Market Scenario

7.6.3   Saudi Arabia            By Material            By Application

7.6.4   The UAE            By Material            By Application

7.6.5   Qatar            By Material            By Application

7.6.6   Oman            By Material            By Application

7.6.7   Turkey            By Material            By Application

7.6.8   The Rest of MEA            By Material            By Application

7.7      Africa

7.7.1   Economic Overview

7.7.2   Market Scenario

7.7.3   Nigeria            By Material            By Application

7.7.4   South Africa            By Material            By Application

7.7.5   The Rest of Africa            By Material            By Application

8          Competitive Landscape — Manufacturers & Suppliers

8.1      Competition Dashboard

8.2      Industry Structure

8.3      BASF SE

8.3.1   Business Overview

8.3.2   Financial Performance

8.3.3   Recent Developments

8.3.4   Product Portfolio

8.4      Arkema Group

8.4.1   Business Overview

8.4.2   Financial Performance

8.4.3   Recent Developments

8.4.4   Product Portfolio

8.5      Evonik Industries AG

8.5.1   Business Overview

8.5.2   Financial Performance

8.5.3   Recent Developments

8.5.4   Product Portfolio

8.6      BiologiQ Inc

8.6.1   Business Overview

8.6.2   Financial Performance

8.6.3   Recent Developments

8.6.4   Product Portfolio

8.7      Dongguan Xinhai Environmental-Friendly Material Co., Ltd

8.7.1   Business Overview

8.7.2   Financial Performance

8.7.3   Recent Developments

8.7.4   Product Portfolio

8.8      Mitsubishi Chemical corporation

8.8.1   Business Overview

8.8.2   Financial Performance

8.8.3   Recent Developments

8.8.4   Product Portfolio

8.9      Toray Industries Inc.

8.9.1   Business Overview

8.9.2   Financial Performance

8.9.3   Recent Developments

8.9.4   Product Portfolio

8.10    Vertec Biosolvents Inc.

8.10.1 Business Overview

8.10.2 Financial Performance

8.10.3 Recent Developments

8.10.4 Product Portfolio

8.11    Ecovia Renewables Inc.

8.11.1 Business Overview

8.11.2 Financial Performance

8.11.3 Recent Developments

8.11.4 Product Portfolio

8.12    Koninklijke DSM N.V.

8.12.1 Business Overview

8.12.2 Financial Performance

8.12.3 Recent Developments

8.12.4 Product Portfolio

8.13    GFBiochemicals Ltd.

8.13.1 Business Overview

8.13.2 Financial Performance

8.13.3 Recent Developments

8.13.4 Product Portfolio

8.14    Plantic Technologies Limited

8.14.1 Business Overview

8.14.2 Financial Performance

8.14.3 Recent Developments

8.14.4 Product Portfolio

8.15    Total Corbion PLA

8.15.1 Business Overview

8.15.2 Financial Performance

8.15.3 Recent Developments

8.15.4 Product Portfolio

8.16    Secos group Ltd.

8.16.1 Business Overview

8.16.2 Financial Performance

8.16.3 Recent Developments

8.16.4 Product Portfolio

8.17    USG Corporation

8.17.1 Business Overview

8.17.2 Financial Performance

8.17.3 Recent Developments

8.17.4 Product Portfolio

9          Conclusion & Recommendation

10        Acronyms & Abbreviations

Table of Content and Figure @

News Media

Biopolymers Segment to Dominate the Green Chemicals and Materials Market

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Artificial Intelligence

Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research




BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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Savory & Partners: Digital Nomad Visas Sparking a Migration Boom




DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.

A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research




The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

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Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Forecast Period
Base Year
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
10.9 %
No. of Pages in Report
Segments covered
Range, End User, Distribution Channel, and Region
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Less adoption in developing markets
Regular maintenance and repair costs
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The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
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Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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