Global Green Chemicals Industry is expected to record a positive CAGR of ~10% during the forecast period (2022-2028): Ken Research

 Buy Now

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.

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. The leading global green chemicals companies such as Cargill, Incorporated, Mitsubishi Chemical Group Corporation, and BASF SE are highly focused on the research and development of green chemicals.

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 ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, 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.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTcz

The Global Green Chemicals market is driven by factors such as 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.

The Global Green Chemicals market is also widely impacted by the new mergers and acquisitions happening in the market. 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.

Market Taxonomy

By Type

• Bio-Alcohols
• Bio-Organic Acids
• Bio-Ketones
• Biopolymers
• Others

Ask for Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTcz

By End-User

• Industrial & Chemical
• Pharmaceuticals
• Food and Beverages
• Construction
• Others

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Sweden, Italy)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
• LAMEA (Latin America, Middle East, Africa)

Key Players

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

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

Global Green Chemicals Market

Global Green Chemicals Market Revenue is expected to reach nearly US$ 17 billion by 2028: Ken Research

 Buy Now

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 Bn by 2028F. 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.

Furthermore, the high cost of green chemicals and the availability of substitutes like synthetic chemicals at a much cheaper rate are 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.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTcz

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.

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.

Market Taxonomy

By Type

• Bio-Alcohols
• Bio-Organic Acids
• Bio-Ketones
• Biopolymers
• Others

By End-User

• Industrial & Chemical
• Pharmaceuticals
• Food and Beverages
• Construction
• Others

Ask for Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTcz

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Sweden, Italy)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
• LAMEA (Latin America, Middle East, Africa)

Key Players

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

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

Global Green Chemicals Market

Global Green Chemicals Market is expected CAGR of ~10% during the forecast period (2022-2028): Ken Research

 Buy Now

According to Ken Research Analysis, the Global Green Chemicals Market is expected to record a positive CAGR of ~10% during the forecast period (2022-2028) and is expected to reach nearly US$ 17 billion by 2028, owing to rising awareness regarding the sustainable products along with the scarcity of non-renewable resources.

For more information, request a free sample

Key Growth Drivers

The rising concerns regarding the harmful impact of chemicals on the environment coupled with increasing awareness regarding green chemicals are anticipated to propel the growth of the global green chemicals market during the forecast period.

• 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.

Key Trends by Market Segment

By Type: The bio-alcohols segment held the largest share of the global green chemicals market by type in 2021, 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.

For more information, request a free sample

By End-User: The industrial & chemical segment accounted for the largest share of the global green chemicals market in 2021, 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.

By Geography: Europe region accounted for the largest share of the global green chemicals market in 2021, 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.

Visit this Link Request for custom report

Competitive Landscape

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.

The leading global green chemicals companies such as Cargill, Incorporated, Mitsubishi Chemical Group Corporation, and BASF SE are highly focused on the research and development of green chemicals.

Recent Developments Related to Major Players

• 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.

Conclusion

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.

Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Green Chemicals Market Size, Segments, Outlook, and Revenue Forecast 2022-2028, market is segmented by type and end-user. In addition, the report also covers market size and forecasts for the four region's green chemicals market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Type

• Bio-Alcohols
• Bio-Organic Acids
• Bio-Ketones
• Biopolymers
• Others

By End-User

• Industrial & Chemical
• Pharmaceuticals
• Food and Beverages
• Construction
• Others

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Sweden, Italy)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
• LAMEA (Latin America, Middle East, Africa)

Key Players

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

3 Key Insights on Competitive Landscape in the Global Green Chemicals Market: Ken Research

 Buy Now

Regional Players Dominate the Market Holding nearly 40% of Revenue Share Despite the Presence of about 200 Competitors Comprising Global Players, Regional Players, and Country-Niche Players find a recent market study on the Global Green Chemicals Market by Ken Research.

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 the competitive landscape of this dynamic market from its latest research study.

1. Country-Niche players constitute ~40% of the Total Number of Competitors and hold ~25% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the global green chemicals market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in the green chemicals market. The regional players comprise ~35% in terms of the number of companies and hold about 40% of the market share. Key players in the market are focused on product launches and offering value-added services to gain significant market share.

2. Leading Players Investing Heavily in the Production of Green Chemicals

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Cargill, Incorporated, Mitsubishi Chemical Group Corporation, and BASF SE among others are highly focused on offering green chemicals for various industries. Furthermore, market players are engaged in R&D activities and are investing heavily in the production of green chemicals to fulfill the demand of the end-users.

• In October 2021, Sekab, a Sweden-based advanced biofuels and biochemical manufacturer invested EUR 9.95 million to expand its production facility of green chemicals.

Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTcz

3. Increased Government Initiatives Promote Green Chemicals Market Growth and Development

• Governmental bodies are taking initiatives such as the European Technology Platform for Sustainable Chemistry (SusChem) and International Sustainable Chemistry Collaborative Centre (ISC3) to promote the adoption of green chemicals.
• In February 2017, the United Nations Industrial Development Organization (UNIDO) and its partners launched a new green chemistry initiative to deploy green chemistry technologies and approaches and to increase awareness regarding green chemicals.

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