Green Chemicals Market Size is valued at 130.5 billion in 2024 and is predicted to reach 359.8 billion by the year 2034 at a 10.8% CAGR during the forecast period for 2025-2034.
Green chemicals are essential as they are intended to limit or eliminate the use or generation of hazardous compounds. Other chemical goods are being commercialized as a result of rising demand for greener products, a growing need for cost-effective processing, lower feedstocks, and new product channels.
Recently, the growing acceptability of packaging materials derived from renewable sources, such as animal and plant waste, has resulted in a significant expansion in the business. This has much to do with the environmental benefits of bio-based packaging, such as non-toxicity, the use of fewer raw materials in manufacturing, cheap production costs, and proper disposal.
However, the outbreak of COVID-19 in 2020 had a negative influence on the area market. Nonetheless, the start of vaccination programs resulted in a drop in COVID-19 infections in H3 2021. As a result, the region's lockdown limitations were lifted, and business operations resumed. Throughout the projected period, such factors are expected to drive the regional green chemicals market.
The green chemicals market is segmented on the basis of product and application. Based on product, the market is further segmented as alcohols, bio-organic acids, bio-ketones, bio-polymers, and other green chemicals. The alcohol segment includes bio-ethanol, bio-butanol, bio-methanol, and other bio-alcohols. By bio-organic acids, the market is segmented into bio-lactic acid, bio-acetic acid, bio-citric acid, bio-adipic acid, bio-acrylic acid, bio-succinic acid, and other bio-organic acids. The bio-polymers segment includes polylactic acid (PLA), bio-polyethylene, and other bio-polymers. The applications segment includes industrial & chemicals, pharmaceuticals, packaging, food & beverages, construction, automotive, and other applications.
The bio-alcohols category is expected to hold a considerable share of the global green chemicals market in 2024, owing to its consistent performance, higher production, and enhanced sustainability. Because of the environmental impact of conventional organic acids, the demand for bio-based organic acids is gradually increasing. Organic acid is increasingly being generated from renewable sources such as feedstock to address this expanding demand. Organic acids, which typically contain at least one carboxyl group, are extremely versatile substances with several applications in industries such as consumer products, food and beverage, pharmaceuticals, and chemicals.
The packaging segment is projected to grow rapidly in the global green chemicals market. Packaging produced from renewable materials and plant byproducts such as corn flour or sugarcane is environmentally beneficial. Cornstarch-based packaging, in particular, has seen a boom in interest over the last decade, owing to its eco-friendliness and recyclable nature, which accounts for a sizable market share.
Europe's green chemicals market is expected to register the highest market share in revenue in the near future, owing to the region's growing number of thriving automotive manufacturers, which is promoting the use of green chemicals. Because of the advent of low-cost and abundant feedstock, a shift in emphasis towards the use of ecologically sustainable goods, and the execution of several government initiatives, North America is predicted to expand faster than the rest of the globe.
The EPA implemented encouraging regulations for the use of bio-based chemicals in the United States, which is projected to boost demand for bio-based chemicals in North America. Brazil is the world's second-largest producer of green chemicals after China.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 130.5 Bn |
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Revenue forecast in 2034 |
USD 359.8 Bn |
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Growth rate CAGR |
CAGR of 10.8% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion, Volume (KT) and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Product And Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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Competitive Landscape |
Cargill, Incorporated (U.S.), Mitsubishi Chemical Holdings Corporation (Japan), BASF SE (Germany), DuPont de Nemours, Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), Evonik Industries AG (Germany), SECOS Group Ltd (Australia), Braskem SA (Brazil), Aemetis, Inc. (U.S.), and Albemarle Corporation (U.S.), among others. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Green Chemicals Market Snapshot
Chapter 4. Global Green Chemicals Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product Type:
5.2.1. Bio-alcohols
5.2.1.1. Bio-ethanol
5.2.1.2. Bio-butanol
5.2.1.3. Bio-methanol
5.2.1.4. Other bio-alcohols
5.2.2. Bio-organic acids
5.2.2.1. Bio-lactic acid
5.2.2.2. Bio-acetic acid
5.2.2.3. Bio-citric acid
5.2.2.4. Bio-adipic acid
5.2.2.5. Bio-acrylic acid
5.2.2.6. Bio-succinic acid
5.2.2.7. Other bio-organic acids
5.2.3. Bio-ketones
5.2.4. Bio-polymers
5.2.4.1. Polylactic acid
5.2.4.2. Bio-polyethylene
5.2.4.3. Other bio-polymers
5.2.5. Other Green Chemicals
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
6.2.1. Industrial & Chemical
6.2.2. Pharmaceuticals
6.2.3. Packaging
6.2.4. Food and Beverages
6.2.5. Construction
6.2.6. Automotive
6.2.7. Other Applications
Chapter 7. Green Chemicals Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2021-2034
7.1.2. North America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2021-2034
7.1.3. North America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
7.2. Europe
7.2.1. Europe Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2021-2034
7.2.2. Europe Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2021-2034
7.2.3. Europe Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
7.3. Asia Pacific
7.3.1. Asia Pacific Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2021-2034
7.3.2. Asia Pacific Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2021-2034
7.3.3. Asia Pacific Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
7.4. Latin America
7.4.1. Latin America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2021-2034
7.4.2. Latin America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2021-2034
7.4.3. Latin America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
7.5. Middle East & Africa
7.5.1. Middle East & Africa Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2021-2034
7.5.2. Middle East & Africa Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2021-2034
7.5.3. Middle East & Africa Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Aemetis, Inc. (U.S.)
8.2.2. Albemarle Corporation (U.S.)
8.2.3. Anderson Corporation
8.2.4. Balfour Beatty PLC
8.2.5. BASF SE
8.2.6. Bayer Material Science AG
8.2.7. Bio-Kleen Products, Inc.
8.2.8. Biosciences
8.2.9. Braskem SA (Brazil)
8.2.10. Calera Corporation
8.2.11. Cargill, Incorporated (U.S.)
8.2.12. Dryvit Systems, Inc.
8.2.13. DSM NV
8.2.14. DuPont de Nemours, Inc. (U.S.)
8.2.15. Evonik Industries AG (Germany)
8.2.16. Huber Engineered Woods LLC
8.2.17. Kingspan Group
8.2.18. Koninklijke DSM N.V. (Netherlands)
8.2.19. Mitsubishi Chemical Holdings Corporation (Japan)
8.2.20. Palmer Industries, Inc.
8.2.21. Plycem USA, Inc.
8.2.22. SECOS Group Ltd (Australia)
8.2.23. Silver Line Building Products LLC
8.2.24. Thermafiber, Inc.
8.2.25. USG Corporation
8.2.26. Other Prominent Players
Green Chemicals Market By Product-
Green Chemicals Market By Application-
Green Chemicals Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
