The research report titled, “Green Chemicals Market by Type (Bio-alcohols, Bio-polymers, Bio-organic acids, Bio-ketones, Others), Application (Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging, Construction, Automotive, Other Industries) - Global Forecasts to 2029,” provides an in-depth analysis of the green chemicals market across five major geographies and emphasizes on the current market trends, market size, market shares, recent developments, and forecast till 2029. The Green Chemicals Market is expected to reach $217.18 billion by 2029, at a CAGR of 11.6% during the forecast period, 2022–2029.Green Chemicals Market Worth $217.18 Billion by 2029
The growth of this market is mainly attributed to the scarcity of non-renewable resources, growing awareness regarding sustainable products, rising government initiatives to promote the use of green chemicals, growing environmental concerns & the rising demand for bioethanol, and the growing demand for biodiesel as an alternative fuel. Moreover, the regulations & legislation supporting the use of bioplastics and the growing focus on R&D for algae-based biofuel production provide significant opportunities in this market.
The study offers a comprehensive analysis of the green chemicals market with respect to the product, application, and geography. The green chemicals market is mainly segmented by product (bio-alcohols {bio-ethanol, bio-butanol, bio-methanol, and other bio-alcohols}, bio-organic acids {bio-lactic acid, bio-acetic acid, bio-citric acid, bio-adipic acid, bio-acrylic acid, bio-succinic acid, and other bio-organic acids}, bio-ketones, bio-polymers {polylactic acid, bio-polyethylene, and other bio-polymers}, and other green chemicals), application (industrial & chemicals, food & beverages, pharmaceuticals, packaging, construction, automotive, and other applications), and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on product, the green chemicals market is mainly segmented into bio-alcohols, bio-polymers, bio-organic acids, bio-ketones, and other green chemicals. The bio-alcohols segment is expected to account for the largest share of the green chemicals market in 2022. The large share of this segment is mainly attributed to the abundant availability of raw materials, rapid urbanization, rising crude oil prices, stringent emission regulations imposed by governments of various countries, and increasing energy consumption.
However, the bio-polymers segment is expected to witness significant growth due to the consumer preference for bio-based products over synthetic products, rising R&D in bio-polymers, adoption of bioplastics by the packaging industry, and increased utilization of flexible packaging by the food & beverages industry. Moreover, regulations & legal acts supporting bioplastics usage hold attractive growth opportunities for players operating in the bio-polymers market.
Based on type, the bio-alcohols market is mainly segmented into bio-ethanol, bio-butanol, bio-methanol, and other bio-alcohols. The bio-ethanol segment is expected to account for the largest share of the bio-alcohols market in 2022. The large share of this segment is mainly attributed to the growing environmental concerns that lead to an inclination of manufacturers towards bio-ethanol production, low cost, and abundant raw material availability. However, the bio-butanol segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to its higher energy content and lower Reid vapor pressure.
Based on type, the bio-lactic acid segment is expected to account for the largest share of the bio-organic acids market in 2022. The large share of this segment is mainly attributed to its wide range of applications. It also produces oxygenated chemicals, plant growth regulators, and special chemical intermediates. Additionally, the growing demand for Poly Lactic Acid (PLA) in packaging applications, especially food packaging, is anticipated to drive the demand for bio-lactic acid in the next few years.
Based on application, the green chemicals market is mainly segmented into industrial & chemicals, food & beverages, pharmaceuticals, packaging, construction, automotive, and other applications. The industrial & chemicals segment is expected to account for the largest share of the green chemicals market in 2022. The large share of this segment is mainly attributed to the growing industrialization and urbanization, increasing energy demand across the globe, increase in chemical transparency across the supply chain, and ban on the production and usage of hazardous substances.
Geographically, the market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to account for the largest share of the green chemicals market in 2022. The large share of this region is primarily attributed to the growing demand for sustainable products, coupled with the presence of prominent players in the region and the rising adoption of green chemicals across different industries, including food & beverages, personal care, automotive, and packaging. In addition, the chemicals industry of the region is increasingly focusing on the production of green chemicals to develop sustainable and eco-friendly solutions.
The key players operating in the green chemicals market are 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.
Key Questions Answered in the Report
- Which are the high-growth market segments in terms of product, application, and geography?
- What is the historical market size for the green chemicals market?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, and challenges in the green chemicals market?
- Who are the major players in the market, and what share of the market do they hold?
- Who are the major players in various countries, and what market share do they hold?
- How is the competitive landscape for the green chemicals market?
- What are the recent developments in the green chemicals market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the green chemicals market, and how do they compete with other players?
Scope of the Report
Green Chemicals Market, by Product
- Bio-alcohols
- 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
- Bio-polyethylene
- Other bio-polymers
- Other Green Chemicals
Green Chemicals Market, by Application
- Industrial & Chemicals
- Pharmaceuticals
- Packaging
- Food and Beverages
- Construction
- Automotive
- Other Applications
Green Chemicals Market, by Geography
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- North America
- U.S.
- Canada
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Middle East & Africa (MEA)
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Insights
5. Green Chemicals Market, by Product
6. Green Chemicals Market, by Application
7. Green Chemicals Market, by Geography
8. Competitive Landscape
9. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10. Appendix
List of Tables
List of Figures
Companies Mentioned
- 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.)
- Albemarle Corporation (U.S.)
