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Green Chemicals Market

Green Chemicals Market Size, Share & Trends Analysis Report By Type (Bio-alcohols, Bio-polymers, Bio-organic acids, Bio-ketones), Application (Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging, Construction, Automotive), By Region, And Segment Forecasts, 2023-2031

Report ID : 1745 | Published : 2023-04-19 | Pages: 180 | Format: PDF/EXCEL

The Global Green Chemicals Market Size is valued at 108.16 billion in 2022 and is predicted to reach 266.72 billion by the year 2031 at a 10.73% CAGR during the forecast period for 2023-2031.

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.

Green Chemicals Market

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. 

Recent Developments:

  • In July 2020, The U.S. industrial gas firm Air Products & Chemicals unveiled plans on Tuesday to create the world's largest green hydrogen facility in Saudi Arabia, fueled by four gigatonnes of wind and solar power. Air Products, Saudi Arabia's ACWA Power, and Neom, a new mega-city planned near Saudi Arabia's borders with Egypt and Jordan, will jointly own the $5 billion project. 

Competitive Landscape:

Some of the green chemicals market players are:

  • Aemetis, Inc. (U.S.)
  • Albemarle Corporation (U.S.)
  • Anderson Corporation
  • Balfour Beatty PLC
  • BASF SE
  • Bayer Material Science AG
  • Bio-Kleen Products, Inc.
  • Biosciences
  • Braskem SA (Brazil)
  • Calera Corporation
  • Cargill, Incorporated (U.S.)
  • Dryvit Systems, Inc.
  • DSM NV
  • DuPont de Nemours, Inc. (U.S.)
  • Evonik Industries AG (Germany)
  • Huber Engineered Woods LLC
  • Kingspan Group
  • Koninklijke DSM N.V. (Netherlands)
  • Mitsubishi Chemical Holdings Corporation (Japan)
  • Palmer Industries, Inc.
  • Plycem USA, Inc.
  • SECOS Group Ltd (Australia)
  • Silver Line Building Products LLC
  • Thermafiber, Inc.
  • USG Corporation 

Market Segmentation:

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.

Based On Product, The Bio-Alcohols Segment Is Accounted As A Major Contributor In The Green Chemicals Market

The bio-alcohols category is expected to hold a considerable share of the global green chemicals market in 2022, 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 Witnessed Growth At A Rapid Rate

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.

In The Region, Europe's Green Chemicals Market Holds A Significant Revenue 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.

Green Chemicals Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 108.16 Bn

Revenue forecast in 2031

USD 266.72 Bn

Growth rate CAGR

CAGR of 10.73 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Billion, Volume (KT) and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Product And Application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

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.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

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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, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2019 to 2031 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, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2019 to 2031 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, 2023-2031
7.1.2. North America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
7.1.3. North America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

7.2. Europe

7.2.1. Europe Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
7.2.2. Europe Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
7.2.3. Europe Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
7.3.2. Asia Pacific Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
7.3.3. Asia Pacific Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

7.4. Latin America

7.4.1. Latin America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
7.4.2. Latin America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
7.4.3. Latin America Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

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, 2023-2031
7.5.2. Middle East & Africa Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
7.5.3. Middle East & Africa Green Chemicals Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

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

Segmentation of Green Chemicals Market-

Green Chemicals Market By Product-

  • Bioalcohols
    • Bio-ethanol
    • Bio-butanol
    • Bio-methanol
    • Other Bio-alcohols
  • Bio-Organic Acids
    • Bio-lactic Acid
    • Bio-acetic Acid
    • Bio-citric Acid
    • Bio-adipic Acid
    • Bio-acrylic Acid
    • Bio-succinic Acid
    • Other Bio-organic Acids
  • Bio-Ketones
  • Bio-Polymers
    • Polylactic Acid (PLA)
    • Bio-polyethylene
    • Other Bio-polymers
  • Other Green Chemicals

Green Chemicals Market

Green Chemicals Market By Application-

  • Industrial & Chemicals
  • Pharmaceuticals
  • Packaging
  • Food & Beverages
  • Construction
  • Automotive
  • Other Applications

Green Chemicals Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and 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:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

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: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

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.

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Frequently Asked Questions

How big is the Green Chemicals Market?

Green Chemicals Market expected to grow at a 10.73% CAGR during the forecast period for 2023-2031

Cargill, Incorporated (U.S.), Mitsubishi Chemical Holdings Corporation (Japan), BASF SE (Germany), DuPont de Nemours, Inc. (U.S.)

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