PUBLISHER: IMARC | PRODUCT CODE: 1451815
PUBLISHER: IMARC | PRODUCT CODE: 1451815
Green Chemicals Market Report by Type, Application, and Region 2024-2032
The global green chemicals market size reached US$ 12.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.5 Billion by 2032, exhibiting a growth rate (CAGR) of 8.5% during 2024-2032. The growing environmental concerns, implementation of stringent government regulations and policies supporting the use of green technologies, and continual technological advancements in the formulation of green chemicals represent some of the key factors driving the market.
Green chemicals, also known as sustainable or eco-friendly chemicals, refer to substances that are produced using environmentally friendly processes and have minimal negative impact on human health and the environment throughout their life cycle. These chemicals are designed to reduce or eliminate the use of hazardous substances, conserve resources, and provide higher performance and functionality while being more environmentally benign throughout their entire life cycle. Additionally, they have similar or superior properties compared to conventional petroleum-based products and processes. Green chemicals are derived from renewable raw materials, such as agricultural crops, biomass, or waste streams, by using improved natural synthesis processes. They are biodegradable and undergo rigorous testing to reduce or eliminate hazardous properties, thereby making them safer for humans and the environment. Some of the advantages offered by these chemicals include substitution of hazardous substances in industrial processes, enhance worker safety, efficient building blocks for bioplastics and biofuels, environmental remediation of contaminated soil, air, or water.
Green Chemicals Market Trends:
The global market is primarily driven by the growing environmental concerns with an enhanced focus on reducing carbon emissions. This can be attributed to the implementation of stringent government regulations and policies supporting the use of green technologies and sustainable development practices. In line with this, the increasing consciousness among consumers regarding the long-term consequences of conventional chemical products on their health is providing an impetus to the market. Moreover, continual technological advancements in the formulation of green chemicals, such as the use of enzymatic processes and nanotechnology resulting in the advent of value-adding product variants, is fueling the market. The market is further driven by the rising integration of digital technologies, such as machine learning (ML) algorithms, artificial intelligence (AI), and real-time data collection in the green chemical production process. Furthermore, strategic partnerships and collaborations among chemical manufacturers, research institutions and government sectors facilitating the development of innovative green chemical applications are creating a positive market outlook. Some of the other factors contributing to the market include rapid product utilization in numerous corporate strategies, rising emphasis on supply chain sustainability, numerous campaigns promoting green chemicals, and increased investor interest in numerous green technologies.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global green chemicals market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and application.
Type Insights:
Bio-alcohols
Bio-organic Acids
Bio-ketones
Biopolymers
Others
The report has provided a detailed breakup and analysis of the green chemicals market based on the type. This includes bio-alcohols, bio-organic acids, bio-ketones, biopolymers, and others. According to the report, bio-alcohols represented the largest segment.
Application Insights:
Construction
Pharmaceuticals
Packaging
Food and Beverages
Paints and Coatings
Automotive
Textile
Others
A detailed breakup and analysis of the green chemicals market based on the application has also been provided in the report. This includes construction, pharmaceuticals, packaging, food and beverages, paints and coatings, automotive, textile and others. According to the report, construction accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for green chemicals. Some of the factors driving the North America green chemicals market included growing environmental concerns, implementation of stringent government regulations and policies supporting the use of green technologies, presence of several key players, etc.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global green chemicals market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Arkema S.A, BASF SE, BiologiQ, Braskem S.A. (Odebrecht), Cargil Incorporated., Conagen Inc, Ecochem, GFBiochemicals Ltd., Global Green Chemicals Public Company Limite (PTTGC Group), Vertec BioSolvents Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global green chemicals market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global green chemicals market?
- What is the impact of each driver, restraint, and opportunity on the global green chemicals market?
- What are the key regional markets?
- Which countries represent the most attractive green chemicals market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the green chemicals market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the green chemicals market?
- What is the competitive structure of the global green chemicals market?
- Who are the key players/companies in the global green chemicals market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Green Chemicals Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Bio-alcohols
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Bio-organic Acids
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Bio-ketones
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Biopolymers
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Application
- 7.1 Construction
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Pharmaceuticals
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Packaging
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Food and Beverages
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Paints and Coatings
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Automotive
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Textile
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 7.8 Others
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Arkema S.A
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 SWOT Analysis
- 13.3.2 BASF SE
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 SWOT Analysis
- 13.3.3 BiologiQ
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Braskem S.A. (Odebrecht)
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 SWOT Analysis
- 13.3.5 Cargil Incorporated.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 SWOT Analysis
- 13.3.6 Conagen Inc
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Ecochem
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 GFBiochemicals Ltd.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Global Green Chemicals Public Company Limited (PTTGC Group)
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Vertec BioSolvents Inc.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.1 Arkema S.A
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Green Chemicals Market: Major Drivers and Challenges
- Figure 2: Global: Green Chemicals Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Green Chemicals Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Green Chemicals Market: Breakup by Type (in %), 2023
- Figure 5: Global: Green Chemicals Market: Breakup by Application (in %), 2023
- Figure 6: Global: Green Chemicals Market: Breakup by Region (in %), 2023
- Figure 7: Global: Green Chemicals (Bio-alcohols) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Green Chemicals (Bio-alcohols) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Green Chemicals (Bio-organic Acids) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Green Chemicals (Bio-organic Acids) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Green Chemicals (Bio-ketones) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Green Chemicals (Bio-ketones) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Green Chemicals (Biopolymers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Green Chemicals (Biopolymers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Green Chemicals (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Green Chemicals (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Green Chemicals (Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Green Chemicals (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Green Chemicals (Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Green Chemicals (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Green Chemicals (Packaging) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Green Chemicals (Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Green Chemicals (Food and Beverages) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Green Chemicals (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Green Chemicals (Paints and Coatings) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Green Chemicals (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Green Chemicals (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Green Chemicals (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Green Chemicals (Textile) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Green Chemicals (Textile) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Green Chemicals (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Green Chemicals (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: North America: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: North America: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: United States: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: United States: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Canada: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Canada: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Asia-Pacific: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Asia-Pacific: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: China: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: China: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Japan: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Japan: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: India: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: India: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: South Korea: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: South Korea: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Australia: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Australia: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Indonesia: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Indonesia: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Others: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Others: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Europe: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Europe: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Germany: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Germany: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: France: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: France: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: United Kingdom: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: United Kingdom: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Italy: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Italy: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Spain: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Spain: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Russia: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Russia: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Latin America: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Latin America: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Brazil: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Brazil: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Mexico: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Mexico: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Others: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Others: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Middle East and Africa: Green Chemicals Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Middle East and Africa: Green Chemicals Market: Breakup by Country (in %), 2023
- Figure 81: Middle East and Africa: Green Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Global: Green Chemicals Industry: Drivers, Restraints, and Opportunities
- Figure 83: Global: Green Chemicals Industry: Value Chain Analysis
- Figure 84: Global: Green Chemicals Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Green Chemicals Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Green Chemicals Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Green Chemicals Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Green Chemicals Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Green Chemicals Market: Competitive Structure
- Table 6: Global: Green Chemicals Market: Key Players
