Report Description

Global Green Chemicals Market is anticipated to expand significantly through 2028 due to increasing demand for bio-based packaging. In 2020, the market size of bioplastics in Japan was estimated at about 72.19 thousand tons.

Global Green Chemicals market is expected to expand during the projected period due to increasing demand for bio-based packaging as it is highly degradable and non-toxic in nature. Green chemicals not only solve the fundamental scientific problems of safeguarding the environment and human health at the molecular level but also do it in a profitable way for various sectors. The automotive, packaging, and other major industries, as well as a greater emphasis on adopting secure and low-carbon emission activities, are some of the main reasons driving the market's rapid expansion.

For instance, Arkema produced bioplastics made from castor oil used for the development of various automotive equipment.

Green chemicals are the design of chemical products and processes that reduce or eliminate the use or generation of hazardous substances. The dearth of non-renewable resources, expanding consumer awareness of sustainable goods, rising government measures to encourage the use of green chemicals, escalating environmental concerns, and rising demand for bioethanol and biodiesel as alternative fuels all support the market's expansion. Moreover, the laws and regulations that encourage the use of bioplastics as well as the increasing attention being paid to research and development for the generation of biofuel from algae, provide this market tremendous room for expansion.

For instance, according to the U.S. Department of Agriculture, bio-based feedstocks are replacing 300 million gallons of petroleum annually in the U.S. alone or the equivalent of taking 200,000 cars off the road each year in terms of CO2 emissions.

Additionally, one of the main drivers of the market's expansion is the rising demand from industries including automobile, medicine, agriculture, and construction.

For instance, in 2021, JSW Cement Limited entered the building chemicals business with the launch of a new range of environmentally friendly solutions that consume less water during application as it uses screen slag instead of river sand while making concrete, preserving natural resources, and helping to avoid air pollution, floods, and landslides.

For instance, DSM produce BEAUACTIVE natural skin care ingredient using the green chemistry technology.

Furthermore, for instance, Solvay produce green solvents namely Rhodiasolv which offers agrochemical formulators the best solvent performance with the safest toxicity and ecotoxicity profiles.

The market is primarily driven by organizational activities, increased R&D investment, and government regulations on export and trade. Consumer preferences for new technology that will optimize profit drive market expansion.

For instance, in 2022, SK chemicals developed bio-based green material ECOTRION to produce high-performance sporting goods that require shock absorption and support.

Furthermore, in 2021, BASF announced that it is investing USD 1.08 billion in its new petrochemical complex in China, which will produce a range of green chemicals.

Therefore, it is expected that the Global Green Chemicals Market will expand its market share throughout the forecast period.


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Growing Adoption of Bio-Alcohols is Driving the Market

Environmental problems include resource depletion, deterioration, pollution, and climate change. In addition, recent years have seen a sharp rise in the world's energy consumption. This demand results from an expanding global population and correspondingly rising consumption. The most significant environmental issue now is greenhouse gas emissions since fossil fuels are the predominant energy source. The world's future energy needs may be met by expanding the availability of renewable energy sources, which can help replace fossil fuels. In order to address environmental issues, it is now essential to develop and use renewable energy sources, such as solar, wind, and bioenergy, bioproducts.  Bioalcohols are one of the dominant key factors for the green chemicals market. The market for bio-alcohols is expected to be dominated by the bio-ethanol sector. A renewable substitute for fossil fuels, bioethanol is created by fermenting sugars derived from various lignocellulosic sources and hydrolyzing cellulose from lignocellulosic biomass. Owing to its much lower greenhouse gas emissions than fossil fuels, bioethanol is considered an environment-friendly fuel that burns cleanly. Additionally, bioethanol is more cost-effective and sustainable.

For instance, Merck KGaA produced bioethanol its first green solvent product line which is made from corn having lower toxicity.

For instance, the International Energy Agency projects that between 2023 and 2025, worldwide ethanol output will reach 119 billion liters, with Brazil, China, and India serving as the major growth areas. By 2025, it is expected that biofuels will supply about 5.4% of the energy needed for road transport, up from slightly under 4.8% in 2019.

Additionally, the growing demand from food & beverage, pharma, and packaging is the crucial factor responsible for market growth. Thus, the need for the global green chemicals market is expected to rise during the forecast period.

Increasing Demand for Bio-Based Packaging is Driving Market Growth

The market for green chemicals has recently experienced tremendous development due to the growing acceptance of packaging derived from renewable sources, such as plant and animal waste. This is because bio-based packaging has several advantages for the environment, such as being non-toxic, requiring less raw materials for manufacture, having cheap production costs, and being easy to dispose of. As many consumers are aware regarding the environmental issue thus they demand the use of bio-based packaging in the food & beverages.

For instance, , Dow Chemical Company has developed a range of biodegradable polymers for use in food packaging.

The use of bio-based packaging materials is expected to expand during the forecast period due to rising environmental concerns, which is expected to increase demand for green chemicals used in their manufacture.

For instance, BRASKEM under the I’m green portfolio features resins produced using renewable raw materials for a multitude of applications including food packaging, housewares, personal care, automotive, beverages & toys.

Furthermore, Green dot bioplastic produced bio-based products which are used for Packaging and Single-Use Disposable Applications

Industrial & Chemicals Application Dominate the Market

On the basis of application, it is anticipated that the industrial & chemicals sector would have a bigger market share for green chemicals. The high proportion of this market is largely related to the expansion of industrialization and urbanization, the rise in global energy consumption, the development of chemical supply chain transparency, and the prohibition of the manufacturing and use of hazardous compounds.

For instance, Arkema developed the Rilsan HT polyphthalamide (PPA) biopolymer used in the manufacture of certain under-hood equipment such as fuel lines, hydraulic lines, and connectors.

However, the manufacturing of green chemicals mainly depends on the availability of biomass such as agricultural, forestry feeds. Decreasing in the production of biomass as the arable land are reducing over the years due to increased industrialization, population growth, and urbanization. Thus, the decrease in the arable land area is likely to affect the availability of raw materials, used for producing green chemicals, for example, the production of bio-based ethylene, which is used in the production of many plastics, requires large quantities of biomass, which can be difficult to obtain in sufficient quantities result in hinder the market growth. Moreover, there is a lack of awareness and understanding of green chemicals among consumers and businesses as many of them are still not aware of the benefits of using green chemicals, and may not be willing to pay a premium for these products which restrain the growth of market.

Recent Developments

  • In September 2022, Rikarbon Inc. and BASF SE announced a joint venture to develop bio-based emollients using start-up-based technology in the US.
  • Verdant Innovation developed and tested its first batch of sustainable green chemicals namely FIBRE-PURE for non-woven, textiles, and hemp products as well as Pulp applications in May 2022.  
  • In April 2022, Braskem invests USD 61 million to increase biopolymer production from 200kton/year to 260kton/year.
  • Lummus and Braskem signed an MoU for the joint licensing of two projects of leading technology to produce green ethylene from ethanol based on Braskem's process operated at their plant in Triunfo, Brazil in November 2021.

Market Segmentation

Global Green Chemicals Market is segmented based on products, applications, regions, and company. Based on products, the market is divided into bio-alcohols, bio-organic acids, bio-ketones, bio-polymers, and others. Based on application, the market is divided into industrial & chemicals, pharmaceuticals, construction, packaging, automotive, others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Company Profiles

Vertec BioSolvents Inc., GFBiochemicals Ltd., Plantic Technologies Ltd., Toray Industries Inc., Mitsubishi Chemical Holdings Corporation, Cargill, Inc., Total Corbion PLA,    Aemetis, Inc., SECOS Group Ltd., Braskem SA, are the key players operating in the Global Green Chemicals Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Thousand Tonnes, and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

       Products

         Application

Regional scope

North America, Europe, Asia Pacific, Europe, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, Poland, Russia, Sweden, Belgium, China, India, South Korea, Thailand, Japan, Philippines, Vietnam, Australia, Brazil, Colombia, South Africa, Saudi Arabia, UAE.

Key companies profiled

Vertec BioSolvents Inc., GFBiochemicals Ltd., Plantic Technologies Ltd., Toray Industries Inc., Mitsubishi Chemical Holdings Corporation, Cargill, Inc., Total Corbion PLA, Aemetis, Inc., SECOS Group Ltd., Braskem SA

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global green chemicals market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Green Chemicals Market, By products:
    • Bio-Alcohols
    • Bio-Organic Acids
    • Bio-Ketones
    • Bio-Polymers
    • Others
  • Green Chemicals Market, By application:
    • Industrial & Chemicals
    • Pharmaceuticals
    • Construction
    • Packaging
    • Automotive
    • Others
  • Green Chemicals Market, By region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
      • Poland
      • Russia
      • Sweden
      • Belgium
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Thailand
      • Japan
      • Philippines
      • Vietnam
      • Australia
    • South America
      • Brazil
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in the global green chemicals market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Green Chemicals Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Green Chemicals Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Products (Bio-Alcohols, Bio-Organic Acids, Bio-Ketones, Bio-   Polymers, Others)

5.2.2.    By Application (Industrial & Chemicals, Pharmaceuticals, Construction, Packaging, Automotive, Others)

5.2.3.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.4.    By Company (2022)

5.3.  Market Map

5.3.1.    By Products

5.3.2.    By Application

5.3.3.    By Region

6.    North America Green Chemicals Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Products

6.2.2.    By Application

6.2.3.    By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.    United States Green Chemicals Market Outlook

6.4.1.1.        Market Size & Forecast

6.4.1.1.1.           By Value & Volume

6.4.1.2.        Market Share & Forecast

6.4.1.2.1.           By Products

6.4.1.2.2.           By Application

6.4.2.    Mexico Green Chemicals Market Outlook

6.4.2.1.        Market Size & Forecast

6.4.2.1.1.           By Value & Volume

6.4.2.2.        Market Share & Forecast

6.4.2.2.1.           By Products

6.4.2.2.2.           By Application

6.4.3.    Canada Green Chemicals Market Outlook

6.4.3.1.        Market Size & Forecast

6.4.3.1.1.           By Value & Volume

6.4.3.2.        Market Share & Forecast

6.4.3.2.1.           By Products

6.4.3.2.2.           By Application

7.    Europe Green Chemicals Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Products

7.2.2.    By Application

7.2.3.    By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.    France Green Chemicals Market Outlook

7.4.1.1.        Market Size & Forecast

7.4.1.1.1.           By Value & Volume

7.4.1.2.        Market Share & Forecast

7.4.1.2.1.           By Products

7.4.1.2.2.           By Application

7.4.2.    Germany Green Chemicals Market Outlook

7.4.2.1.        Market Size & Forecast

7.4.2.1.1.           By Value & Volume

7.4.2.2.        Market Share & Forecast

7.4.2.2.1.           By Products

7.4.2.2.2.           By Application

7.4.3.    United Kingdom Green Chemicals Market Outlook

7.4.3.1.        Market Size & Forecast

7.4.3.1.1.           By Value & Volume

7.4.3.2.        Market Share & Forecast

7.4.3.2.1.           By Products

7.4.3.2.2.           By Application

7.4.4.    Spain Green Chemicals Market Outlook

7.4.4.1.        Market Size & Forecast

7.4.4.1.1.           By Value & Volume

7.4.4.2.        Market Share & Forecast

7.4.4.2.1.           By Products

7.4.4.2.2.           By Application

7.4.5.    Italy Green Chemicals Market Outlook

7.4.5.1.        Market Size & Forecast

7.4.5.1.1.           By Value & Volume

7.4.5.2.        Market Share & Forecast

7.4.5.2.1.           By Products

7.4.5.2.2.           By Application

7.4.6.    Poland Green Chemicals Market Outlook

7.4.6.1.        Market Size & Forecast

7.4.6.1.1.           By Value & Volume

7.4.6.2.        Market Share & Forecast

7.4.6.2.1.           By Products

7.4.6.2.2.           By Application

7.4.7.    Russia Green Chemicals Market Outlook

7.4.7.1.        Market Size & Forecast

7.4.7.1.1.           By Value & Volume

7.4.7.2.        Market Share & Forecast

7.4.7.2.1.           By Products

7.4.7.2.2.           By Application

7.4.8.    Sweden Green Chemicals Market Outlook

7.4.8.1.        Market Size & Forecast

7.4.8.1.1.           By Value & Volume

7.4.8.2.        Market Share & Forecast

7.4.8.2.1.           By Products

7.4.8.2.2.           By Application

7.4.9.    Belgium Green Chemicals Market Outlook

7.4.9.1.        Market Size & Forecast

7.4.9.1.1.           By Value & Volume

7.4.9.2.        Market Share & Forecast

7.4.9.2.1.           By Products

7.4.9.2.2.           By Application

8.    Asia-Pacific Green Chemicals Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Products

8.2.2.    By Application

8.2.3.    By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.    China Green Chemicals Market Outlook

8.4.1.1.        Market Size & Forecast

8.4.1.1.1.           By Value & Volume

8.4.1.2.        Market Share & Forecast

8.4.1.2.1.           By Products

8.4.1.2.2.           By Application

8.4.2.    India Green Chemicals Market Outlook

8.4.2.1.        Market Size & Forecast

8.4.2.1.1.           By Value & Volume

8.4.2.2.        Market Share & Forecast

8.4.2.2.1.           By Products

8.4.2.2.2.           By Application

8.4.3.    South Korea Green Chemicals Market Outlook

8.4.3.1.        Market Size & Forecast

8.4.3.1.1.           By Value & Volume

8.4.3.2.        Market Share & Forecast

8.4.3.2.1.           By Products

8.4.3.2.2.           By Application

8.4.4.    Thailand Green Chemicals Market Outlook

8.4.4.1.        Market Size & Forecast

8.4.4.1.1.           By Value & Volume

8.4.4.2.        Market Share & Forecast

8.4.4.2.1.           By Products

8.4.4.2.2.           By Application

8.4.5.    Japan Green Chemicals Market Outlook

8.4.5.1.        Market Size & Forecast

8.4.5.1.1.           By Value & Volume

8.4.5.2.        Market Share & Forecast

8.4.5.2.1.           By Products

8.4.5.2.2.           By Application

8.4.6.    Philippines Green Chemicals Market Outlook

8.4.6.1.        Market Size & Forecast

8.4.6.1.1.           By Value & Volume

8.4.6.2.        Market Share & Forecast

8.4.6.2.1.           By Products

8.4.6.2.2.           By Application

8.4.7.    Vietnam Green Chemicals Market Outlook

8.4.7.1.        Market Size & Forecast

8.4.7.1.1.           By Value & Volume

8.4.7.2.        Market Share & Forecast

8.4.7.2.1.           By Products

8.4.7.2.2.           By Application

8.4.8.    Australia Green Chemicals Market Outlook

8.4.8.1.        Market Size & Forecast

8.4.8.1.1.           By Value & Volume

8.4.8.2.        Market Share & Forecast

8.4.8.2.1.           By Products

8.4.8.2.2.           By Application

9.    South America Green Chemicals Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Products

9.2.2.    By Application

9.2.3.    By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.    Brazil Green Chemicals Market Outlook

9.4.1.1.        Market Size & Forecast

9.4.1.1.1.           By Value & Volume

9.4.1.2.        Market Share & Forecast

9.4.1.2.1.           By Products

9.4.1.2.2.           By Application

9.4.2.    Colombia Green Chemicals Market Outlook

9.4.2.1.        Market Size & Forecast

9.4.2.1.1.           By Value & Volume

9.4.2.2.        Market Share & Forecast

9.4.2.2.1.           By Products

9.4.2.2.2.           By Application

10. Middle East and Africa Green Chemicals Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Products

10.2.2. By Application

10.2.3. By Country

10.3.             Pricing Analysis

10.4.             MEA: Country Analysis

10.4.1. South Africa Green Chemicals Market Outlook

10.4.1.1.     Market Size & Forecast

10.4.1.1.1.         By Value & Volume

10.4.1.2.     Market Share & Forecast

10.4.1.2.1.         By Products

10.4.1.2.2.         By Application

10.4.2. Saudi Arabia Green Chemicals Market Outlook

10.4.2.1.     Market Size & Forecast

10.4.2.1.1.         By Value & Volume

10.4.2.2.     Market Share & Forecast

10.4.2.2.1.         By Products

10.4.2.2.2.         By Application

10.4.3. UAE Green Chemicals Market Outlook

10.4.3.1.     Market Size & Forecast

10.4.3.1.1.         By Value & Volume

10.4.3.2.     Market Share & Forecast

10.4.3.2.1.         By Products

10.4.3.2.2.         By Application

11. Market Dynamics

11.1.             Drivers

11.1.1. Growing use of biodegradable packaging

11.1.2. Environmental concerns expanding and bioethanol demand rising

11.1.3. Increasing Government Efforts to encourage the use of green chemicals

11.2.             Challenges

11.2.1. Investment required to build a green chemical production facility is very costly 

11.2.2. Variable prices for raw materials

12. Market Trends & Developments

13. Global Green Chemicals Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Business Overview

15.2.             Product Offerings

15.3.             Recent Developments

15.4.             Financials (In Case of Listed Companies)

15.5.             Key Personnel

15.6.             SWOT Analysis

15.6.1. Vertec BioSolvents Inc.

15.6.2. GFBiochemicals Ltd.

15.6.3. Plantic Technologies Ltd.

15.6.4. Toray Industries Inc.

15.6.5.