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Green Chemicals Market

Green Chemicals Market

Green Chemicals Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

142

Base Year:

2021

Date

Mar - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1347

Segments Covered
  • By Product Bioalcohols, Biopolymers, Biosolvents, Organic Acids, Others (Including Biolubricants and Biosurfactants)
  • By Applications Food & Beverages, Personal Care, Packaging, Automotive, Agriculture, Others (Including Construction, Electrical & Electronics, Paints & Coatings, and Textiles)
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 9,893.70 USD Million
Revenue 2028Revenue 2028: 16684.27 USD Million
Revenue CAGRRevenue CAGR (2022 - 2028): 9.10%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Europe
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Green Chemicals Market Share

Green Chemicals Market- By product and application

Market Synopsys

The market size of the global Green Chemicals market in the year 2021 is valued at 9,893.70 USD Million and is predicted to reach 16684.27 USD Million by the year 2028 at an 9.10% CAGR during the forecast period. Green Chemicals are produced using plant or animal waste, thus are eco-friendly, non-toxic, and abundant in nature. Hence, the adoption of Green Chemicals is expected to increase in the near future as concerns grow over the rapid depletion of oil and gas reserves. Growing adoption of bio-based packaging materials owing to its non-toxic nature, requirement for less raw material for production, low production cost, and easy disposal is a factor expected to drive growth of the global Green Chemicals market. Fluctuations in global oil prices and increasing number of green chemical applications in various industries are some of the other factors expected to augment the target market growth. The increasing adoption of green cities and green-based construction of residential, industrial, and commercial buildings globally are expected to boost the market expansion in the next coming years.

However, high cost of Green Chemicals, availability of synthetic chemicals, coupled with COVID-19 outbreak are factors that may limit growth of the target market during the forecast period. Furthermore, increasing R&D activities, government initiatives to use sustainable components for production, and investments by prominent players are factors expected to create lucrative growth opportunities in terms of revenue for players operating in the global Green Chemicals market over the forecast period.

Green Chemicals Market Size, 2021 To 2028 (USD 16684.27 Million)

Market Segmentation:

The Green Chemicals market is segmented on the basis of product and application. Based on product, the market is segmented as bioalcohols, biopolymers, biosolvents, organic acids and other products. The other products segment include biolubricants and biosurfactants. By application, the market is segmented into personal care, packaging, automotive, agriculture, and other applications. The other applications segment include construction, electrical & electronics, paints & coatings, and textiles.

Below tree is interactive. You can click the nodes to get more information.

Based on product, the bioalcohols segment is accounted as a major contributor in the Green Chemicals market

The bioalcohols category is expected to hold a major share in the global Green Chemicals market in 2021. This is attributed to growing usage of bioethanol as an alternative fuel in vehicles as it is cheap and environmental-friendly. According to the Energy Information Administration (EIA), the number of vehicles is expected to reach 1.7 million by 2035 and the liquid fuel consumption is expected to reach 21.9 million gallons per day in 2035 from 19.1 million barrels per day in 2009. Thus, there is rise in adoption of bioethanol as a transportation fuel and blending mandates by several regulatory bodies, such as Renewable Energy Directive (EU RED) and Renewable Fuel Standard (EPA RFS) is mandatory. Additionally, increasing demand for bioethanol in the production of alcoholic beverages, such as beer, brandy, gin, vodka, and whiskey.

Personal Care segment witness growth at a rapid rate

The personal care segment is projected to grow at a rapid rate in the global Green Chemicals market owing to growing concerns pertaining to the harmful effects of synthetic chemicals on the skin. Hence, with the growing popularity of bio-based beauty products and personal hygiene products, there is an increase in demand for Green Chemicals in the personal care sector, especially in countries such as the US, Germany, UK, China, and India.

In the region, the North America Green Chemicals market holds significant revenue share.

The North America Green Chemicals market is expected to register highest market share in terms of revenue in the near future. This can be attributed to the strong focus on the environment in the region, with the increasing adoption of Green Chemicals in different industries including food & beverages, personal care, packaging, automotive, and others. In addition, the chemical industry in the region is focusing on the production of Green Chemicals to develop sustainable and environmental-friendly solutions. Growing demand for bio-based components across industries and widespread adoption of Green Chemicals in the production of intermediate chemicals in the region are factors proliferating growth of the target market in the region. In addition, Asia Pacific is projected to grow at a rapid rate in the global Green Chemicals market due to growing concerns about environment, rapid industrialization, government initiatives, and increasing funding in various industries.

Competitive Landscape

The key players in the Green Chemicals market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the major key players in the Green Chemicals market are Cargill Inc., BASF SE, Bio-Kleen Products, Inc., Balfour Beatty PLC, DuPont Industrial, Biosciences, Dryvit Systems, Inc., Anderson Corporation, Palmer Industries, Inc., Plycem USA, Inc., Silver Line Building Products LLC, Thermafiber, Inc., Huber Engineered Woods LLC, Bayer Material Science AG, Kingspan Group, USG Corporation, Koninklijke DSM NV, and Calera Corporation.

Green Chemicals Market is segmented as follows:

Parameter Details
Segments Covered
  • Product (Bioalcohols, Biopolymers, Biosolvents, Organic Acids, Others (Including Biolubricants and Biosurfactants))
  • Applications (Food & Beverages, Personal Care, Packaging, Automotive, Agriculture, Others (Including Construction, Electrical & Electronics, Paints & Coatings, and Textiles))
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Cargill Inc.
  • BASF SE
  • Bio-Kleen Products Inc.
  • Balfour Beatty PLC
  • DuPont Industrial
  • Biosciences
  • Dryvit Systems Inc.
  • Anderson Corporation
  • Palmer Industries Inc.
  • Plycem USA Inc.
  • Silver Line Building Products LLC
  • Thermafiber Inc.
  • Huber Engineered Woods LLC
  • Bayer Material Science AG
  • Kingspan Group
  • USG Corporation
  • Koninklijke DSM NV
  • Calera Corporation
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Green Chemicals Market is tabulated as follows:

Green Chemicals Market Market to Reach Valuation of 16684.27 USD Million by 2028; Increasing Adoption of Packaging Which is Bio-based is Driving the Market”
In terms of revenue, the Global Green Chemicals Market Market is expected to reach 16684.27 USD Million by 2028, growing at a CAGR of 9.10% from 2022 to 2028. The key factors which are responsible for the growth of the Green Chemicals Market Market include rising adoption of packaging which is Bio-...
FAQ
Frequently Asked Question
  • The global Green Chemicals valued at 9,893.70 USD Million in 2020 and is expected to reach 16684.27 USD Million in 2028 growing at a CAGR of 9.10%.

  • The prominent players in the market are Cargill Inc., BASF SE, Bio-Kleen Products, Inc., Balfour Beatty PLC, DuPont Industrial, Biosciences, Dryvit Systems, Inc., Anderson Corporation, Palmer Industries, Inc., Plycem USA, Inc., Silver Line Building Products LLC, Thermafiber, Inc., Huber Engineered Woods LLC, Bayer Material Science AG, Kingspan Group, USG Corporation, Koninklijke DSM NV, Calera Corporation.

  • The market is project to grow at a CAGR of 9.10% between 2021 and 2028.

  • The driving factors of the Green Chemicals include

    • Growing adoption of bio-based packaging materials

  • Europe was the leading regional segment of the Green Chemicals in 2020.