Global Green Chemicals Market is expected to reach ~USD 17 Bn by 2028F: Ken Research

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Competition Scenario In Global Green Chemicals Market

The green chemicals market is highly competitive with ~200 players that include globally diversified players, and regional players as well as a large number of country-niche players having their niche in green chemicals.

Regional players comprise ~35% of the total number of competitors, while the country-niche players comprise the highest of the total number of competitors. Some of the major players in the market include Cargill, Incorporated, Mitsubishi Chemical Group Corporation, BASF SE, DuPont, DSM, Evonik, Plantic, Bayer Material Science AG, Verdant Law, and Arkema, among others.

What Is The Expected Future Outlook For The Overall Global Green Chemicals Market Across The Globe?

The Global Green Chemicals market was valued at USD ~10 billion in 2022 and is anticipated to reach USD ~17 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Green Chemicals market is driven by the rising concerns regarding the harmful impact of chemicals on the environment coupled with increasing awareness regarding green chemicals. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Green Chemicals market is changing rapidly. For instance, In September 2022, BASF SE announced a partnership with RiKarbon Inc., a technology start-up based in the USA. The partnership focused on the R&D activities of RiKarbon Inc. for new green emollients from bio-waste for personal care formulations.

In December 2021, Cargill, Incorporated acquired Croda’s bio-based industrial business for US$ 1.03 billion. The company aimed to expand its bio-industrial footprints to expand its greener ingredient solutions.

The global green chemicals market is forecasted to continue fast growth, primarily driven by the increasing demand for green chemicals in different industries and the scarcity of non-renewable resources. Furthermore, supportive government regulations for the use of green chemicals is expected to fuel the growth of the market. Though the market is highly competitive with ~200 participants, regional players control the dominant market share.

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Key Topics Covered in the Report

• Snapshot of the Global Green Chemicals Market
• Industry Value Chain and Ecosystem Analysis of the Green Chemicals Market
• Market size and Segmentation of the Global Green Chemicals Market
• Historic Growth of the Overall Global Green Chemicals Market and Segments
• Competition Scenario of the Green Chemicals Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Green Chemicals Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Green Chemicals Market
• Future Market Forecast and Growth Rates of the Global Green Chemicals Market and by Segments
• Market Size of End-User/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Green Chemicals Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Green Chemicals Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

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Major Companies Mentioned in the Report

• Cargill, Incorporated
• Mitsubishi Chemical Group Corporation.
• BASF SE
• DuPont
• DSM
• Evonik
•  Plantic
• Bayer Material Science AG
• Verdant Law
• Arkema

Notable Emerging Companies Mentioned in the Report

• Bio-Kleen Products, Inc.
• Palmer Industries, Inc.
• Thermafiber, Inc.
• Vertec BioSolvents Inc.
• Total Corbion PLA

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Green Chemicals Manufacturers
• Chemical Manufacturers
• Bio-Alcohol Manufacturers
• Packaging Manufacturers
• Research & Consulting Firms
• Research and Development Associations
• Investment Banking & Financial Institutes
• Research & Development Institutes for Green Chemicals
• Green Chemicals Providers
• Green Chemicals Research Organizations
• Green Chemicals Suppliers
• Investors in Green Chemicals Start-ups
• Green Chemicals Distributors
• Government Ministries and Departments of Chemical Industry
• Chemical Industry Regulatory Bodies

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

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Global Green Chemicals Market

Global Green Chemicals Market expected to record a CAGR of ~10% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Green Chemicals Industry?

Global Green Chemicals market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 17 Bn by 2028.

The Green Chemicals Market is largely driven by the rising concerns regarding the harmful impact of chemicals on the environment coupled with increasing awareness regarding green chemicals.

The stringent government legislation and regulations supporting the use of biochemical such as bioplastics, bioethanol, and others along with growing concern regarding the depletion of fossil fuels vehicles is likely to propel the growth of the global green chemicals market.

The global green chemicals market faces challenges due to the lack of commercialization of bio-based products.

The high cost of green chemicals and the availability of substitutes like synthetic chemicals at a much cheaper rate is also expected to restrict the market's growth.

The COVID-19 pandemic negatively impacted the green chemicals market due to the disruption in the supply chain. The lockdown leas to the temporary closure of manufacturing facilities and the lack of workers which resulted in limitations in production and complication in raw material procurement. These factors affected the sales of green chemicals.

Global Green Chemicals Market By Type

The Global Green Chemicals market is segmented by type into Bio-Alcohols, Bio-Organic Acids, Bio-Ketones, Biopolymers and Others.

The bio-alcohols segment held the largest share of the global green chemicals market by type in 2022, owing to the increasing use of bio-alcohols like bioethanol as an alternative fuel for spark-ignition engines of vehicles.

The availability of abundant raw materials, rising crude oil prices, rapid urbanization, and increasing energy consumption are expected to fuel the demand for the global green chemicals market segment.

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Global Green Chemicals Market By End-User

The Global Green Chemicals market is segmented by End-user into Industrial & Chemical, Pharmaceuticals, Food and Beverages, Construction and Others.

The industrial & chemical segment accounted for the largest share of the global green chemicals market in 2022, attributed to the growing urbanization and industrialization.

The increase in chemical transparency across the supply chain along with increasing energy demand globally and a ban on the production and usage of hazardous substances is anticipated to aid the growth of the segment in the global green chemicals market.

Global Green Chemicals Market By Geography

The Global Green Chemicals market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Europe region accounted for the largest share of the global green chemicals market in 2022, due to the presence of key players in the region and the rising adoption of green chemicals across different industries.

The increasing focus on the production of green chemicals along with rising concerns regarding the impact of harmful chemicals on the environment, is expected to augment the growth of the region in the green chemicals market.

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Key Topics Covered in the Report

• Snapshot of the Global Green Chemicals Market
• Industry Value Chain and Ecosystem Analysis of the Green Chemicals Market
• Market size and Segmentation of the Global Green Chemicals Market
• Historic Growth of the Overall Global Green Chemicals Market and Segments
• Competition Scenario of the Green Chemicals Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Green Chemicals Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Green Chemicals Market
• Future Market Forecast and Growth Rates of the Global Green Chemicals Market and by Segments
• Market Size of End-User/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Green Chemicals Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Green Chemicals Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

• Cargill, Incorporated
• Mitsubishi Chemical Group Corporation.
• BASF SE 
• DuPont
• DSM 
• Evonik
•  Plantic
• Bayer Material Science AG
• Verdant Law
• Arkema

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Notable Emerging Companies Mentioned in the Report

• Bio-Kleen Products, Inc.
• Palmer Industries, Inc.
• Thermafiber, Inc.
• Vertec BioSolvents Inc.
• Total Corbion PLA

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Green Chemicals Manufacturers
• Chemical Manufacturers
• Bio-Alcohol Manufacturers
• Packaging Manufacturers
• Research & Consulting Firms
• Research and Development Associations
• Investment Banking & Financial Institutes
• Research & Development Institutes for Green Chemicals
• Green Chemicals Providers
• Green Chemicals Research Organizations
• Green Chemicals Suppliers
• Investors in Green Chemicals Start-ups
• Green Chemicals Distributors
• Government Ministries and Departments of Chemical Industry
• Chemical Industry Regulatory Bodies

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

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Global Green Chemicals Market

3 Key Insights on US$ 17 Bn Opportunity in the Global Green Chemicals Market: Ken Research

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Driven by the rising demand for green chemicals in various industries along with the scarcity of non-renewable resources and increasing need for green chemicals, the Global Green Chemicals Market is Forecasted to reach nearly US$ 17 Bn by 2028 says Ken Research Study.

Green chemicals or bio-based chemicals are renewable and eco-friendly substances primarily driven from bio-based raw materials related to plants or animals. Green chemicals are designed to maintain the ecological balance as it helps reduces the harmful impact on the environment regarding disposal, transportation, packaging, processing, fabrication, and others.

Ken Research shares 3 key insights on this high-demand market from its latest research study.

1.    Rising Concerns Regarding the Fossil Fuel Depletion Encourage Market Growth

The growing demand for renewable alternatives to fossil fuels for the production of green chemicals is boosting the growth of the Green Chemicals market in the forecasted period. The increase in supportive governmental regulations for promoting green chemicals is anticipated to propel market growth. However, the lack of commercialization of bio-based products may hamper the growth of the market.

According to Ken Research estimates, the Global Green Chemicals Market – valued at around US$ 6 Bn in 2017 and estimated to reach nearly US$ 10 Bn by 2022 – is expected to grow to around US$ 17 Bn opportunity by 2028.

2.  Increasing Demand for Biochemicals is Driving the Market Growth

The rising demand for environmentally friendly chemicals to build a sustainable environment along with the scarcity of non-renewable resources is anticipated to aid the growth of the market. Moreover, increasing the adoption of sustainable products like biodiesel over diesel or biochemical over chemicals is expected to bolster the growth of the global green chemicals market.

The below graph depicts the increasing production of biodiesel in the USA.

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3.  High Costs of Green Chemicals Are the Most Significant Barrier to the Growth of the Market

The high prices of green chemicals as well as the availability of much cheaper alternatives like synthetic chemicals may hamper the growth of the market. In addition, the lack of awareness and commercialization of bio-based products may restrict the growth of the market. Moreover, the R&D for green chemicals is time-consuming as well as requires high investment which may restrict the growth of the market.

Key Topics Covered in the Report:-

Snapshot of the Global Green Chemicals Market

Industry Value Chain and Ecosystem Analysis of the Green Chemicals Market

Market size and Segmentation of the Global Green Chemicals Market

Historic Growth of the Overall Global Green Chemicals Market and Segments

Competition Scenario of the Green Chemicals Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Green Chemicals Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Green Chemicals Market

Future Market Forecast and Growth Rates of the Global Green Chemicals Market and by Segments

Market Size of End-User/End-User Segments with historical CAGR and Future Forecasts

Analysis of the Green Chemicals Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Production/Supply and Consumption/Demand Hubs in Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Green Chemicals Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report:-

Cargill, Incorporated

Mitsubishi Chemical Group Corporation.

BASF SE

DuPont

DSM

Evonik

 Plantic

Bayer Material Science AG

Verdant Law

Arkema

Notable Emerging Companies Mentioned in the Report

Bio-Kleen Products, Inc.

Palmer Industries, Inc.

Thermafiber, Inc.

Vertec BioSolvents Inc.

Total Corbion PLA

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Green Chemicals Manufacturers

Chemical Manufacturers

Bio-Alcohol Manufacturers

Packaging Manufacturers

Research & Consulting Firms

Research and Development Associations

Investment Banking & Financial Institutes

Research & Development Institutes for Green Chemicals

Green Chemicals Providers

Green Chemicals Research Organizations

Green Chemicals Suppliers

Investors in Green Chemicals Start-ups

Green Chemicals Distributors

Government Ministries and Departments of Chemical Industry

Chemical Industry Regulatory Bodies

Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below:-

Global Green Chemicals Market

The Next Industrial Revolution is the Rapid Growth of the Green Chemical Market Outlook: Ken Research

A green chemical is a type of chemical that provides great performance and better functionality while being more environmentally friendly throughout its life cycle. Green chemicals are used to reduce waste generation and save energy make use of renewable raw materials. Green chemicals are summarized as being a product that has superior properties when compared to petroleum-based products, and they are highly capable of decreasing the long-term consequences to the planet.

The research report, ‘Green Chemicals Market: Current Analysis and Forecast (2021-2027)’ states that some of the prime players functioning in the market include Arkema S.A., BASF SE, Evonik Industries AG, GF Biochemicals Ltd., Koninklijke DSM N.V., Mitsubishi Chemical Corporation, Toray Industries Inc., bio amber Inc, Total Corbion PLA, Vertec Bio Solvents Inc. The report also includes company profiling of each player mentioned above based on the fundamental parameters like production capacity, key business strategies, revenue, key performance indicators, recent investments, and developments made, regional presence a lot more other information which is important for the companies to help modify and sustain their position in the market. A framework is provided to analyze how far along the player stands in the competition and what steps are required to reach the planned destination in upcoming years.

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The report includes a bifurcation of the green chemicals market into various segments. Based on Product the segmentation is done into bio alcohols, biopolymers, bio solvents, organic acids, and others. Here, it is observed that the bio alcohol category is subjected to grow at a remarkable rate. The second segment is based on Application (food & beverages, personal care, packaging, automotive, agriculture, and others) it is anticipated in the automotive sector the demand for a green chemical called bioethanol will increase due to the factors mentioned in the report in depth. The other segment is based on Region (Europe, North America, Asia-pacific, and the rest of the world. This report also includes the world- wide analysis of the green chemical market, it describes the market covering all the points for the countries present in the afore-mentioned regions. These countries are India, China, Japan, Korea, Canada, the United States, France, Spain, and many others.  

Similarly, the report also has sections dedicated to the market as a whole such as market dynamics, market trends (historical and current), application details, forecast predictions, data on sales and demand, recent technologies, and various features of the global market, and investment opportunities. The report also discusses several growth drivers, challenges, and restraints of the market. The report analyses the market quantitatively and qualitatively by tracing all the important sections influencing the market.

In the upcoming years, it is projected that the green chemical market will grow and reach a substantial value in terms of revenue in USD million by the end of the year 2027, and it is anticipated that the market will accomplish this growth at a double-digit CAGR during the forecast period from 2020-2027. The expansion of the market is mainly due to the increase in government support for green chemicals to prevent pollution and keep the environment benign.

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Global Green Chemicals Market: Ken Research

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