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Global Green Chemicals Market Size, Price, Forecast: By Product: Bio-alcohols, Bio-organic Acids, Bio-ketones, Biopolymers, Others; By Application: Food and Beverages, Paints and Coating, Packaging, Automotive, Construction, Pharmaceuticals, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Green Chemicals Market Outlook
The global green chemicals market size reached nearly USD 112.88 billion in 2023. The market is projected to grow at a CAGR of 9.7% between 2024 and 2032 to reach a value of around USD 259.70 billion by 2032.
Key Trends in the Market
Green chemicals refer to types of chemicals that are produced through a process which eliminates the use or generation of harmful substances. A green chemical is environmentally benign throughout its life cycle.
- With growing concerns regarding rapid climate change, depleting fossil fuel reserves, and high chemical pollution, the demand for green chemicals that are eco-friendly and not originated from petrochemical resources is surging. The increasing focus on sustainability in various end-use sectors, including food and beverage and packaging, among others, is also propelling the green chemicals market demand.
- Green chemical production can reduce air pollution and support clean water management. In this regard, stringent regulations of multiple governments aimed towards curbing the emission of hazardous industrial gases to achieve carbon neutrality are crucial green chemicals market trends.
- Growing research and development activities by leading chemical manufacturers to create innovative sustainable production methods for the development of economical green chemicals are likely to propel the market.
Market Analysis
Based on product, the market is segmented into bio-alcohols, bio-organic acids, bio-ketones, and biopolymers, among others. On the basis of application, the green chemicals market segmentations include food and beverages, paints and coating, packaging, automotive, construction, and pharmaceuticals, among others. The major regional markets for green chemicals include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global green chemicals market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- 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
Market Share by Product
Bio-alcohols account for a significant portion of the green chemicals market share. This can be attributed to the increasing demand for bio-ethanol in various sectors such as pharmaceutical, cosmetic, and food and beverage, among others. The growing use of bio-ethanol as a fuel source for aviation biofuel production is also driving the segment’s growth. Moreover, the rising application of bio-alcohols in the production of gasoline is further propelling the segment.
Market Share by Region
As per the green chemicals market analysis, the Asia Pacific is likely to witness a healthy growth in the forecast period. Rapid urbanisation and industrialisation across emerging economies such as India and China are fuelling the demand for sustainably produced chemicals, including green chemicals.
In addition, growing attempts to enhance the sustainability of various sectors, including pharma and food and beverage, are further bolstering the demand for green chemicals as they are more eco-friendly than conventional chemicals.
Competitive Landscape
BASF SE is one of the largest chemical manufacturers which has a vast product portfolio that includes dispersions and resins, electronics and electrical, and paints and coatings, among others. It was founded in 1865 and is headquartered in Ludwigshafen, Germany.
Arkema Group is a multinational company which manufactures speciality materials, adhesive solutions, coatings, and green chemicals, among others. It was established in 2004 and is headquartered in Colombes, France.
Mitsubishi Chemical Corporation is a leading chemical manufacturer which offers high-performance products, including resins, polymers, carbon fibres, and monomers, among others. The company was founded in 1933 and is headquartered in Tokyo, Japan.
Other green chemicals market players include InKemia Green Chemicals, Inc., BioLogiQ, Inc., GFBiochemicals Ltd., Plantic Technologies Limited, VertecBioSolvents Inc., Conagen, Inc., and Global Green Chemicals Public Company Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 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 (2018-2023)
8.3 Global Green Chemicals Market Forecast (2024-2032)
8.4 Global Green Chemicals Market by Product
8.4.1 Bio-alcohols
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Bio-organic Acids
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Bio-ketones
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Biopolymers
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Green Chemicals Market by Application
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Paints and Coating
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Packaging
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Automotive
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Construction
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Pharmaceuticals
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Green Chemicals Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Green Chemicals Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Green Chemicals Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Green Chemicals Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Green Chemicals Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Green Chemicals Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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
List of Key Figures and Tables
1. Global Green Chemicals Market: Key Industry Highlights, 2018 and 2032
2. Global Green Chemicals Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Green Chemicals Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Green Chemicals Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Green Chemicals Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Green Chemicals Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Green Chemicals Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Green Chemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Green Chemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Green Chemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Green Chemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Green Chemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Green Chemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Green Chemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Green Chemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Green Chemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Green Chemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Green Chemicals Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 112.88 billion in 2023.
The market is estimated to grow at a CAGR of 9.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 259.70 billion by 2032.
The increasing demand for green chemicals in various end-use sectors, stringent regulations of multiple governments aimed towards curbing the emission of hazardous industrial gases, and increasing demand for bioethanol from several sectors are the major drivers of the market.
The key trends in the market include the growing research and development activities by leading chemical manufacturers to create new sustainable production methods and rapid industrialisation across emerging economies.
Bio-alcohols, bio-organic acids, bio-ketones, and biopolymers, among others, are the different products included in the market report.
Food and beverages, paints and coating, packaging, automotive, construction, and pharmaceuticals, among others, are the major applications of green chemicals.
BASF SE, Arkema Group, Mitsubishi Chemical Corporation, InKemia Green Chemicals, Inc., BioLogiQ, Inc., GFBiochemicals Ltd., Plantic Technologies Limited, VertecBioSolvents Inc., Conagen, Inc., and Global Green Chemicals Public Company Limited, among others, are the key market players.
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