Introduction
Green chemistry, also known as sustainable chemistry, is an area of chemistry and chemical engineering focused on designing products and processes that minimize the use and generation of hazardous substances. The goal of green chemistry is to reduce the environmental impact of the chemical industry while maintaining or even improving the efficiency and cost-effectiveness of chemical processes. It encompasses principles and practices that aim to promote the sustainable development of chemical products and processes. It has the potential to contribute to the development of cleaner technologies, reduce the environmental impact of industrial activities, and promote the overall well-being of ecosystems and human societies.
Green Chemicals Market
The global green chemicals market size reached US$ 10.91 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 18.96 Billion by 2028, exhibiting a growth rate (CAGR) of 9.74% during 2023-2028. The growing environmental concerns, implementation of stringent government regulations and policies supporting the use of green technologies, and continual technological advancements in the formulation of green chemicals represent some of the key factors driving the market.
[Reference: Green Chemicals Market by Type, Application, and Region 2023-2028]