Green Chemicals Market By Product Type [Bio-alcohols, Bio-organic Acids, Bio-ketones, Biopolymers Pl

Published Date: January 2020 | Report Code : CH2058862

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Market Dynamics:

The Green Chemicals Market was valued at USD 54.91 billion in 2019 and it is projected to reach USD 156.48 billion by 2028 with a CAGR of 12.5% during the forecast period, 2021-2028. Green chemicals are persistently being preferred for use in industries such as pharmaceuticals, paints & coatings, healthcare, and agriculture. The other applications of green chemicals that fuel the growth of the green chemicals market are nanotechnology, biotechnology, and personal care.

Green Chemicals Market StatisticsGreen Chemicals Market Statistics

The demand for green chemicals is particularly high from the construction industry and textile industry because of numerous benefits they have such as protection from natural calamities, resistance to climatic changes, minimum use of cement and water, chemical resistance, color, high durability, and strength. 

Green chemical provides higher performance and better functionality for its products and it is more environmentally throughout its entire life-cycle as well as these chemicals are less harmful as compared to petroleum-based chemicals. All these reasons brightened the growth prospects of the green chemicals market. 

Green chemicals are bio-based chemicals that are renewable and produced from bio-feedstock. The raw materials used in the production of green chemicals are vegetable oils, corn, sugarcane, sugar beet, wheat, cassava, among others. Some of the raw materials of green chemicals are also derived from recycled products, which enhance the quality of life and not hazardous to the environment also. These green chemicals promote the preservation of natural non-renewable resources and reduce the certain environmental impact regarding recycling, disposal, transportation, installation, processing, and fabrication.

Major factors that are driving the green chemicals market are:

  • Low maintenance and operational costs for the production of green chemicals
  • Increasing funding and initiatives by the government owing to rising demand for green chemicals
  • Use of available renewable feedstock, reagents, and solvents

Green Chemicals Market Segmentation

Some of the key challenges for the green chemicals market are designing syntheses and other processes that use less energy or less water, to find functionally optimal and safer ingredients, designing syntheses and other processes with reduced or even no chemical waste. Top manufacturers capture the largest market share in the global green chemical market, the major market players have production and sales offices mainly located in North America & European region.

Product Type Outlook

Green chemicals market segmented based on product type as bio-alcohols, bio-organic acids, bio-ketones, biopolymers platform chemicals, and others. The bio-alcohols segment is an account for the largest green chemicals market share because of increasing demand for bio-alcohols from the food & beverages, pharmaceuticals and among other sectors. Bio-organic acids also drive the growth of the green chemicals market in this segment as these bio-organic acids widely used in food preservation, in nutrition and animal feeds. Besides this bio-ketones have high demand from textile and paints & coatings industries.

 End-use Industry Outlook

Based on application, the green chemicals market has been segmented into construction, healthcare, pharmaceuticals, packaging, food & beverages, paints & coatings, automotive, agriculture, textile, and others. Green chemicals have extensive demand from the textile industry as it is used in greener fiber, greener dyes, and greener solvents. As green chemicals eliminate the use and generation of hazardous substances therefore green chemicals are highly demanding in pharmaceutical industries. All these applications fuel the green chemicals market and will register CAGR of 12.5% in terms of revenue during the forecasting period.

Regional Outlook:

Based on the region, the green chemicals market has been segmented by North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, & Rest of the World. In terms of revenue and consumption of green chemicals, North America, Europe, and Asia-Pacific hold a dominant position in the global green chemicals market. The Asia Pacific expected to emerge as a relatively fast-growing region owing to environmental concerns, rapid industrialization, rising population, growing health awareness especially in developing economies such as India and China. Besides to this growing demand from healthcare industries & pharmaceutical industries in the U.S. is further anticipated to drive the global green chemicals market. This report analyzes the factors which are affecting the green chemicals market across the regions, drivers, opportunities, supply & demand analysis along with market trend and forecast.

Green Chemicals Market Regional AnalysisGreen Chemicals Market Regional Analysis

Competitive Landscape

Companies are continuously investing in R&D activities of the green chemicals market. The green chemical market is anticipated to high growth in emerging economies such as in India, China and Russia because of certain reasons as availability of land, economical labor, low transportation costs, and favorable regulations of government. Global green chemicals market is highly fragmented and the major players are adopting various growth strategies such as expansion, merging &acquisition, joint ventures, new product developments, collaboration to remain in the competitive position of green chemicals market globally. The key leading players in the market include BioAmber Inc., Braskem S.A., Cargill Inc., BASF SE, DowDuPont Inc., INEOS Group Ltd., Myriant Technologies Llc., among others.

Some of the key Impact Factors:

  • Development of conversion processes that use cheap and available renewable feedstock
  • Increasing initiatives by the government owing to rising demand for green chemicals
  • Increase in designing chemical products which is less hazardous to human health and the environment
  • Growth in pharmaceutical industries
  • Increasing awareness regarding health across the world

What This Study Provides:

  • Global market and submarket forecast covering the period of 2017 to 2028, with accompanying analysis
  • Regional market and submarket forecast covering the period of 2017 to 2028, with accompanying analysis
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • SWOT analysis of the market, together with the opportunities available and the key threats faced
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments and strategies employed by the major market players
  • Market conclusions & recommendations

Market Segmentation:

By Product Type:

  • Bio-alcohols
  • Bio-organic Acids
  • Bio-ketones
  • Biopolymers Platform Chemicals
  • Others (Bio-based 1,3-PDO, ECH, and 1,4-BDO)

By End-use Industry:

  • Construction
  • Healthcare
  • Pharmaceuticals
  • Packaging
  • Food & Beverages
  • Paints & Coatings
  • Automotive
  • Agriculture
  • Textile
  • Others

By Region:

North America

  • By Country (U.S., Canada, Mexico)
  • By Raw Material Type
  • By Application

Western Europe

  • By Country (Germany, U.K., France, Italy, Spain, Rest of Western Europe)
  • By Raw Material Type
  • By Application

Eastern Europe

  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Raw Material Type
  • By Application

Asia Pacific

  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Raw Material Type
  • By Application

Middle East

  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Raw Material Type
  • By Application

Rest of the World

  • By Region (South America, Africa)
  • By Raw Material Type
  • By Application

Green Chemicals Market Timeline

Key Questions Answered By This Report:

  • How is the green chemicals market evolving?
  • What is driving and restraining green chemical dynamics?
  • How will political and regulatory factors influence regional green chemicals markets and submarkets?
  • How will the green chemicals market segment grow over the forecast period and how much sales will this market account for in 2028?
  • How will the sector evolve as alliances form during the period between 2019 and 2028?
  • How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?

Reasons to buy this report:

  • Market size estimation of green chemicals market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet the specific requirements:

  • By segment
  • By sub-segment
  • By region/ country

For more information, contact: [email protected]

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