United Kingdom green chemical market is anticipated to
grow significantly rate in the projected period of 2028. The green
chemical market is a rapidly growing sector in the global chemical industry. 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. As per the Packaging Federation,
the United Kingdom packaging manufacturing industry has annual sales of USD
12.08 billion and employs some 85,000 people, representing 3% of the United
Kingdom manufacturing workforce. As consumers become more aware of the impact
of their purchasing decisions on the environment, there is a growing demand for
products that are produced using environmentally friendly methods. This has led
to the development of new green chemicals, which offer an alternative to
traditional chemical products.
Green chemicals are produced using renewable
resources, such as biomass or waste materials. These chemicals have a much
lower carbon footprint than traditional chemical products, and they can be used
in a wide range of applications, from packaging materials to pharmaceuticals.
Another important area of growth in the green chemical market is the
development of green solvents. Traditional solvents can be harmful to human
health and the environment, and there is a growing demand for safer alternatives.
Green solvents are produced using renewable resources and have a much lower
impact on the environment than traditional solvents. According to the
European Chemical Industry Council, chemicals and pharmaceuticals were the UK's
second-largest manufacturing sector in 2021, trailing only machinery and
transport equipment, with exports exceeding USD 54 billion and value added to
the economy of USD 30.7 billion. The green chemical market is also driven
by government regulations and policies, which are aimed at reducing the impact
of the chemical industry on the environment. Many countries have introduced
regulations that require companies to use more sustainable methods of
production and reduce their carbon emissions. This has led to a shift in the
chemical industry towards the production of greener chemicals.
The green chemical market in the United Kingdom is a
rapidly growing sector, driven by increasing concerns about climate change and
the need for more sustainable products. The United Kingdom government has set
ambitious targets for reducing carbon emissions and promoting sustainability,
which has led to a surge in the development and production of green chemicals. According
to the government of the United Kingdom, in 2016, the construction sector,
which includes contracting, manufacturing, and professional services. It had a
turnover of about USD 406 billion, contributing 9% or USD 151 billion, to the
UK economy through exports of goods and services. The United Kingdom is a
major player in the global chemical industry, and the green chemical market is
becoming an increasingly important part of this sector. The market for green
chemicals in the United Kingdom is driven by several factors, including
government regulations, consumer demand for environmentally friendly products,
and the growing awareness of the impact of traditional chemical products on
human health and the environment. According to the government of the United
Kingdom, the chemicals sector is a natural innovator, spending more than USD
5.9 billion in 2019 on research and development. This accounts for more than
20% of the UK’s R&D expenditure.
Supportive Government Regulations and Policies
Regarding Green Chemicals
The government of the United Kingdom has put forth
several laws and policies designed to encourage sustainability and lessen the
environmental damage caused by the chemical industry. They include the
industrial decarbonization strategy, which outlines a strategy to cut
industry's emissions by two-thirds by 2035, and the adoption of rules that
compel businesses to utilize more environmentally friendly production
techniques and cut their carbon emissions. One of the key government
regulations for the green chemical market is the REACH (Registration,
Evaluation, Authorization, and Restriction of Chemicals) regulation. As per
the Society of Motor Manufacturers and Traders, the automobile sector is an
essential component of the UK economy and plays a key role in promoting
leveling up, net zero, global Britain, and growth objectives. The UK economy
receives USD 73.5 billion in sales and USD 15.3 billion in value added from the
automotive industry, which normally invests about USD 3.2 billion annually in
R&D. Also, more than 30 manufacturers work with 2,500 component
suppliers and some of the most talented engineers in the world to create more
than 70 different vehicle types in the UK. In 2021, the Kingdom produced over
859,000 cars, 72,913 additional commercial vehicles, and 1.6 million engines.
Further, eight out of every ten automobiles built in the United Kingdom are
exported to 130 different countries and markets. This regulation requires
companies to register chemicals produced or imported into the European Union
and to provide information about the properties of these chemicals. This information
is used to assess the risks associated with the use of these chemicals and to
identify any measures needed to control these risks. The United Kingdom
government has also introduced policies to promote the development and use of
bio-based chemicals. In 2018, the government launched the Bioeconomy Strategy,
which aims to create a more sustainable economy by using renewable resources to
produce a range of products, including chemicals. The strategy includes
measures to support the development of new bio-based chemicals, including
funding for research and development and the establishment of a bioeconomy task
force. Overall, a plethora of laws and policies have been passed by the British
government to encourage the creation and expansion of the market for green
chemicals. These actions aim to make the United Kingdom more environmentally
friendly and lessen the environmental damage caused by the chemical industry.
These regulations are anticipated to have a positive impact on the green
chemical market in the United Kingdom, opening new business opportunities and
fostering the development of a more sustainable future for the nation.
Increasing Consumer Demand for Environmentally
Friendly 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. The United
Kingdom market for green chemicals has expanded dramatically in recent
years in response to this rising demand. Businesses are investing in R&D to
create novel, sustainable production techniques and products that are safer and
more environmentally friendly. In recent years, the market for bio-based
chemicals which are made from resources that can be renewed has expanded
because of customer desire for environmentally friendly products.
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Market Segmentation
United Kingdom green chemicals market is segmented
into product, application, region, and company. Based on product, the market is
divided into bio-alcohols, bio-organic acids, bio-ketones, biopolymers, and
others. Based on application, the market is divided into industrial &
chemicals, pharmaceuticals, construction, packaging, automotive, and others.
Based on region, the United Kingdom the market is segmented into Scotland,
South-East, London, South-West, East-Anglia, Yorkshire & Humberside, East
Midlands, and rest of the United Kingdom.
Company Profiles
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., and
Albemarle Corporation are some of the key players of United Kingdom green
chemical market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast,
volume forecasting, Company shares, competitive landscape, growth factors, and
trends
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Segments Covered
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Product
Application
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Regional Scope
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Scotland, South-East,
London, South-West, East-Anglia, Yorkshire & Humberside, East Midlands, and
Rest of United Kingdom.
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Key Companies Profiled
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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. and Albemarle Corporation
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Customization Scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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Pricing and Purchase Options
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Avail customized
purchase options to meet your exact research needs.
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, United Kingdom green chemical market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
- United
Kingdom Green Ammonia Market, By Chemicals:
- Bio-Alcohols
- Bio-Organic
Acids
- Bio-Ketones
- Biopolymers
- Others
- United
Kingdom Green Ammonia Market, By Application:
- Industrial
& Chemicals
- Pharmaceuticals
- Construction
- Packaging
- Automotive
- Others
- United
Kingdom Green Ammonia Market, By Region:
- Scotland
- South-East
- London
- South-West
- East-Anglia
- Yorkshire
& Humberside
- East
Midlands
- Rest of
United Kingdom
Competitive landscape
Company Profiles: Detailed analysis of the major companies in
United Kingdom green chemical market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
United Kingdom green chemicals market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]