According to the report the global green chemicals market reached a value of USD 102.90 billion in 2022. Aided by the rising demand for environmentally friendly solutions and the expanding applications of green chemicals across various industries, the market is projected to further grow at a CAGR of 9.7% between 2023 and 2028 to reach a value of USD 179.33 billion by 2028.
Green chemicals, also known as bio-based chemicals, are derived from renewable resources and are developed to reduce the environmental impact associated with traditional chemicals. These include bioethanol, biopolymers, bio-based solvents, organic acids, and others. Apart from their eco-friendly attributes, green chemicals offer superior performance and reduced health hazards, making them valuable in a wide range of industrial applications such as plastics, packaging, detergents, and fertilisers.
The increasing global focus on sustainable solutions is a key driver of the green chemicals market growth. With growing awareness about environmental degradation and the harmful effects of traditional chemicals, there has been a significant shift towards greener alternatives. This shift is reflected in industries seeking environmentally responsible solutions and consumers opting for greener products, leading to a surge in demand for green chemicals.
The health and wellness trend has further boosted the popularity of green chemicals. As these chemicals are typically safer and present fewer health risks compared to their conventional counterparts, they are increasingly being used in products such as cosmetics, personal care items, and food packaging, enhancing the market prospects.
The broadening applications of green chemicals across different industries play a crucial role in accelerating green chemicals market demand. In the plastics industry, bio-based polymers derived from green chemicals are used to create biodegradable packaging. The agriculture sector uses green chemicals to produce safer fertilisers and pesticides. Moreover, green solvents and cleaners are gaining traction in the industrial cleaning sector due to their reduced environmental and health impacts.
Furthermore, the rising demand for organic and natural alternatives in the food and beverage industry has increased the focus on green chemicals as potential ingredients. With growing consumer preference for natural, organic, and clean label products, green chemicals are being leveraged to formulate a range of food additives, preservatives, and packaging materials, thereby driving green chemicals market expansion.
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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Green chemicals, also known as bio-based chemicals, are derived from renewable resources and are developed to reduce the environmental impact associated with traditional chemicals. These include bioethanol, biopolymers, bio-based solvents, organic acids, and others. Apart from their eco-friendly attributes, green chemicals offer superior performance and reduced health hazards, making them valuable in a wide range of industrial applications such as plastics, packaging, detergents, and fertilisers.
The increasing global focus on sustainable solutions is a key driver of the green chemicals market growth. With growing awareness about environmental degradation and the harmful effects of traditional chemicals, there has been a significant shift towards greener alternatives. This shift is reflected in industries seeking environmentally responsible solutions and consumers opting for greener products, leading to a surge in demand for green chemicals.
The health and wellness trend has further boosted the popularity of green chemicals. As these chemicals are typically safer and present fewer health risks compared to their conventional counterparts, they are increasingly being used in products such as cosmetics, personal care items, and food packaging, enhancing the market prospects.
The broadening applications of green chemicals across different industries play a crucial role in accelerating green chemicals market demand. In the plastics industry, bio-based polymers derived from green chemicals are used to create biodegradable packaging. The agriculture sector uses green chemicals to produce safer fertilisers and pesticides. Moreover, green solvents and cleaners are gaining traction in the industrial cleaning sector due to their reduced environmental and health impacts.
Furthermore, the rising demand for organic and natural alternatives in the food and beverage industry has increased the focus on green chemicals as potential ingredients. With growing consumer preference for natural, organic, and clean label products, green chemicals are being leveraged to formulate a range of food additives, preservatives, and packaging materials, thereby driving green chemicals market expansion.
Market Segmentation
The market can be divided based on product, application, and region.Market Breakup by Product
- Bio-alcohols
- Bio-organic Acids
- Bio-ketones
- Biopolymers
- Others
Market Breakup by Application
- Food and Beverages
- Paints and Coating
- Packaging
- Automotive
- Construction
- Pharmaceuticals
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global green chemicals companies. Some of the major key players explored in the report are as follows:- BASF SE
- Arkema Group
- Mitsubishi Chemical Corporation
- InKemia Green Chemicals, Inc.
- BioLogiQ, Inc.
- GFBiochemicals Ltd.
- Plantic Technologies Limited
- VertecBioSolvents Inc.
- Conagen, Inc.
- Global Green Chemicals Public Company Limited
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Green Chemicals Market Analysis
8.1 Key Industry Highlights
8.2 Global Green Chemicals Historical Market (2018-2022)
8.3 Global Green Chemicals Market Forecast (2023-2028)
8.4 Global Green Chemicals Market by Product
8.4.1 Bio-alcohols
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Bio-organic Acids
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Bio-ketones
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Biopolymers
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Green Chemicals Market by Application
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Paints and Coating
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Packaging
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Automotive
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Construction
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Pharmaceuticals
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Green Chemicals Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Green Chemicals Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Green Chemicals Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Green Chemicals Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Green Chemicals Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Green Chemicals Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Arkema Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mitsubishi Chemical Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 InKemia Green Chemicals, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 BioLogiQ, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 GFBiochemicals Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Plantic Technologies Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 VertecBioSolvents Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Conagen, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Global Green Chemicals Public Company Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
Companies Mentioned
- BASF SE
- Arkema Group
- Mitsubishi Chemical Corporation
- InKemia Green Chemicals, Inc.
- BioLogiQ, Inc.
- GFBiochemicals Ltd.
- Plantic Technologies Limited
- VertecBioSolvents Inc.
- Conagen, Inc.
- Global Green Chemicals Public Company Limited
Methodology
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